Peripheral interconnect express (PCIe) SSD: Key market research findings
- Rise in demand for cloud-based data centers drives market growth
- Increasing investments in memory technology
- Key vendors – Intel, Micron, Samsung, Seagate, Western Digital, and Toshiba
Technavio’s market research analysts predict the global PCIe SSD market to post a revenue of around $1836 million by 2020. The growth of this market is spurred by the rise in the demand for cloud-based data centers. CSPs such as Microsoft and Google operate about 100,000 servers globally due to the increasing business demand, which has generated the requirement for automation in cloud-based data centers. In 2015, the global PCIe SSD market was dominated by the Americas by accounting for almost 41% of the overall market share. The adoption of containerized data centers in the region is expected to fuel further growth in the PCIe SSD market over the next four years.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The rise in investments in the emerging memory technology is expected to have a positive influence on the market’s growth during the forecast period. The 3D NAND flash memory market is relatively new, which has prompted manufacturers to invest lots of capital in this innovative technology. Few companies such as Samsung, Micron, and Intel have already made investments to extend their product portfolios. Toshiba, in collaboration with SanDisk, is investing huge funds to develop 3D NAND,” says Sunil Kumar Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research.
Data analytics helps in faster analysis with an optimum utilization of computing resources. Big data infrastructure spending includes computation, storage, and network and infrastructure software. PCIe SSDs are the most sought-after storage components in data centers. This is likely to drive the global PCIe SSD market during the forecast period.
The key vendors in the global PCIe SSD market include Intel, Micron, Samsung, Seagate, Western Digital, and Toshiba. The market is still in its infancy, with the adoption of this technology being largely restricted to developed regions such as Western Europe, North America, and Asia (especially in Japan and China). The majority of the vendors are based out of North America, Taiwan, Japan, and China. The competition is low in the market as it is dominated by few major players.
A more detailed analysis is available in the Technavio report, Global PCIe SSD Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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