The “Enterprise SSD Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Enterprise SSD Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global Enterprise SSD Market size was valued at US $18.02 billion in the year 2020, and the market estimated to register a growth at a CAGR of ~10% during the forecast period 2021-2027.
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Enterprise solid-state drives (SSDs) are storage devices that store information permanently and temporarily caches it in nonvolatile semiconductor memory or NAND-based flash storage. Storage systems, servers, and direct-attached storage devices are among the application areas for enterprise SSDs.
Drivers with solid-state memory use random-access memory or NAND flash memory to store data. SSDs do not require mechanical components to move, which extends their lifespan and reduces the likelihood of mechanical failure. With SSDs, read/write processes can be accelerated and more efficient, resulting in more dependable data storage solutions for enterprises.
Factors Impacting Enterprise SSD Market
An important factor driving the growth of the global enterprise SSD market is a drop in the average selling price (ASP) of NAND-based flash memory, coupled with growth in data center applications.
SSDs are hindered in their global growth by concerns about their cost and service life, which act as a major barrier to their early adoption.
There will be remunerative opportunities for the expansion of the enterprise SSD market due to high demand from the high-end cloud segment and the higher utility of SSDs over HDDs in key verticals.
Regional Outlook
Forecasts indicate that the North America Enterprise SSD Market will have the highest growth rate for the forecast period. The U.S. remains a significant player in the global enterprise SSD market in North America. Organizations and government institutions worldwide are investing heavily in advancing technology.
Impact of Covid-19
COVID-19 has slowed down the growth rate of the enterprise SSD market in the year 2020. The market during COVID-19 was also adversely affected by numerous obstacles, including resources, health & safety measures, deliverables, contractual requirements, and delay or cancellation of projects. However, the market growth may come from a surge in the demand for solutions like cloud computing and security.
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Aim of the Global Enterprise SSD Market Research Report
The Global Enterprise SSD Market is divided into technology, storage, interface, enterprise size, application, and region. These major market segments are further categorized into various sub-segments, such as:
Segmentation based on Technology
Single-level Cell
Multi-level Cell (Planar and 3D)
Triple-less Cell (Planar and 3D)
Segmentation based on Storage
Over 3TB
500GB-3TB
Under 500GB
Segmentation based on Interface
SATA
SAS
PCIe
Segmentation based on Enterprise Size
Small Enterprise
Medium Enterprise
Large Enterprise
Segmentation based on Application
High-performance Computing
Data Center Servers
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Segmentation based on Region
Middle East & Africa
Asia-Pacific
North America
Europe
Competitive Landscape of the Global Enterprise SSD Market
Companies are adopting various competitive strategies in the global enterprise SSD market to acquire majority of the market share. Some of the key strategies are product launches, partnership, joint venture, collaboration, mergers and acquisition and others.
Major key players in the global marketplace are:
Intel Corporation
Samsung Electronics Co. Ltd.
Seagate Technology PLC
Viking Technology
Kingston Technology Corp.
Micron Technology PLC
Microsemi
SK Hynix Inc.
Toshiba Corp.
Western Digital Corp.
Key questions answered in the Enterprise SSD market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the Enterprise SSD market over the forecast period?
- What are the factors driving and restraining the market for Enterprise SSD?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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