- The key vendors in the global SSD market 2015-2019 are Intel, Micron, Samsung Electronics, SanDisk and Toshiba.
London, 06 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global SSD market 2015-2019. The decreasing prices of SSDs is one of the major trends being witnessed in this market. The fall in price can be attributed to a density increase due to die shrinkage. SSD memory has been reduced to below 20 nm from 25 nm. This allows manufacturers to add more cells in the same amount of space, thereby increasing density. The global SSD market is anticipated to grow at a CAGR of 9.69% during the forecast period of 2014-2019.
North America and Western Europe account for a major share of the consumption volume in the market. However, the SSD market in APAC is forecast to generate the highest demand, thereby contributing to revenue growth. A growing focus on the production of 3D NAND, which is a major component of SSDs, is a trend that is expected to drive market growth.
“NAND flash device architectures are one-dimensional, therefore they can store more data by increasing density, thus enabling an increase in SSD capacity and a fall in SSD prices,” says Faisal Ghaus, Vice President of Technavio Research.
“3D NAND has 32 or 64 times the capacity per die, allowing SSDs to increase capacity well beyond hard drive sizes. For instance, SanDisk is planning to launch 8 TB drives in 2015 and 16 TB drives in 2016.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global SSD Market 2015-2019, please send an e-mail to media@TechNavio.com
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