The global solid-state drive (SSD) market is projected to witness growth at a CAGR of 15.0% during the forecast period of 2022-2030.
Solid-state flash memory is used by solid-state drives (SSDs), also known as solid-state disks, as a non-volatile media and information storage medium. Integrated circuits are used as a type of memory to store and safeguard data. SSDs don't need to be moved consistently to ensure that the data is written to or saved on the storage medium, in contrast to HDDs.
Increased durability and dependability, improved random access speed, massive multitasking capacity, portability and ease of installation, faster data reads and writes, reduced noise and power consumption, video-on-demand capabilities, advanced hierarchical storage, large mass storage, and enhanced data security are just a few advantages of SSDs.

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GROWTH DRIVERS:
For the purpose of backing up and archiving data, cloud computing has become increasingly popular among businesses and consumers in the past several years. The increasing number of cloud platforms has led to a rise in demand for SSDs. Significant advancements in technology have also been observed in solid-state storage in recent times. Among them have been SSDs with novel interfaces like PCIe, NVMe, and others. PCIe SSDs are getting more and more popular because of their improved features. Their exceptional performance, low latency, high frequency, and improved features encourage cloud computing use and further propel the SSD market expansion globally.
Furthermore, the automobile industry is rapidly adopting solid-state drives (SSD) for infotainment passenger vehicles and next-generation connected cars. In connected automotive applications, SDDS are employed to address the needs for high-performance graphics, connectivity, and data storage. Additionally, they provide flash storage solutions, which support a variety of in-car applications including as navigation, driver assistance, entertainment systems, and 3D mapping by providing dependable, high-performance storage. Therefore, it is anticipated that the growing need for next-generation connected cars and automotive entertainment systems would spur solid-state drive growth in the upcoming years.
SOLID STATE DRIVE (SSD) MARKET SEGMENTATION:
By End User:
· Client SSDs
· Enterprise SSDs

By Technology:
· TLC Planar
· TLC 3D
· SLC
· MLC 3D
· MLC Planar


By Interface:
· SAS
· PCIe
· SATA

By Capacity:
· 80 GB and Below
· 81 GB to 230 GB
· 231 GB to 500 GB
· 501 GB to 1 TB
· 1 TB and Above


By Form Factor:
· 1.8”/2.5”
· 3.5”
· M.2
· U.2 (SFF 8639)
· FHHL and HHHL

By Application:
· Database
o SQL
o No-SQL
· Virtualization
o Desktops
o Servers
· High-Performance Computing
o Up SSD
o Out SSD
· Cloud
o Fixed
o Varied
· Others

By Region:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East and Africa
KEY COMPANIES IN SOLID STATE DRIVE (SSD) MARKET:
· Toshiba Corporation
· SanDisk Corporation Inc.
· OCZ Storage Solutions
· Lite-On Technology Corporation
· Seagate Technology PLC
· Micron
· Microsemi
· Viking
· Intel Corporation
· Western Digital Corporation
· Kingston Technology Corporation
· Micron Technology Inc.
· Samsung Electronics Co. Ltd.
· Lite-On
· Mushkin
· NetApp
· Crossbar
· Violin Memory
· Corsair Components
· Other Players

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