As per the recent report published by Transparency Market Research, the global SSD market stood at $15.1 billion in 2014 and is predicted to reach $229.5 billion by 2022. The market is expected to expand at a 40.70% CAGR during the period from 2015 to 2022.
SSDs are storage devices that use an assembly of integrated circuits to store data. Most drives use NAND flash memory chips to retain data without using power. They are used as one of the alternatives to HDDs.
SSDs are commonly used in mobile devices, iPads, notebook PCs, and desktop PCs. They provide zero latency, reduced boot time, and reduced application load. Samsung, Intel,Toshiba, Transcend, Seagate, Lite-On, SanDisk, Micron, OCZ, and Western Digital are some of the names in the SSD market.
The global solid state drive market is classified into client and enterprise SSDs. In 2014, in terms of revenue, the global solid state drive market was dominated by the client SSDs segment. Increasing demand from data center applications is expected to propel the client SSDs segment in the years to come. Based on capacity, the market is classified into 80GB and below, 81GB-320GB, 321GB-500GB, 501GB-1TB, and 1TB and above.
In 2014, in terms of revenue, the global solid state drive market was led by the 80GB and below segment. The high prevalence of SSDs in ultra-thin mobiles with capacities below 80GB is expected to boost the 80GB and below segment till 2022.
Based on interface, the global solid state drive market is classified into SAS, PCI-E, and SATA. In terms of revenue, in 2014, the market was dominated by SATA, which held 72.4% of the total revenue. In terms of volume, the SATA segment accounted for 80.0% of the total volume.
