Global Solid State Drive Market on the basis of capacity as <250 GB, 250 GB to <500 GB, 500 GB to <750GB, and >750 GB. A type of storage instrument that is employed for safekeeping of the data permanently is known as a solid-state drive. It generally utilizes an assembly of incorporated circuits as memory. It is also popularly known in its abbreviated form as SSD. It is said that there are no moving components in these devices. In order to keep hold of the data devoid of any power, the tool makes use of NAND-flash memory chips. It is generally faster in nature and offer enhanced performance than HDDs. It has been observed that the product is gaining huge recognition in mobile and handheld instruments like notebooks as primary storage across the globe due to its augmented applications and benefits. Due to burgeoning demands and prerequisites, the manufacturers are emphasizing on progressing the devices with enhanced competence.
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The key factors that are playing a major role in raising the market share may include rise in the industrialization, urbanization, technological advancements, rise in the investments by the leading manufacturers, advanced benefits of SSDs over HDDs, rise in the frequency of data centers, increase in the production of cloud computing, and burgeoning big data functions across various sectors. Besides, the initiation of the cloud technology is also contributing to a great extent in the market growth. The only factor that is hampering the market growth entails soaring costs of the product. Owing to all the above-mentioned factors, it has been estimated that the Solid State Drive Market will witness a huge upsurge in the upcoming years.
The key players operating in the Solid State Drive Market are recognized as SanDisk Corp., Toshiba Corp., Micron Technology, Inc., Microsemi Corp., Kingston Technology Corp., Intel Corp., Hitachi Global Storage Technology (HGST) Inc., Samsung Electronics, Lite-On Technology Corp, and Seagate Technology plc.
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