Global Enterprise SSD Market 2016-2020
Market outlook of the enterprise SSD market
Technavio’s research analyst predicts the global enterprise SSD (solid state drive) market to grow steadily at a CAGR of 17% during the forecast period. The growing proliferation of cloud applications across organizations is the primary growth driver for this market. Enterprise SSD technology assists businesses by enhancing their web application response time. This allows companies in business intelligence and analytics to deliver complex data visualizations and real-time analytics without affecting page load time. Moreover, it allows SaaS (Software as a Service) providers to scale up and meet demand, cost-effectively without compromising on performance.
The emergence of 3D NAND is also expected to aid the market growth during the forecast period. NAND flash device architectures are one-dimensional and can store more data by increasing density. 3D NAND technology consumes less power and has better endurance compared to a planner architecture. 3D NAND packs 32 or 64 times the capacity per die, allowing SSDs to increase capacity well beyond hard drive sizes. This has also helped vendors in the flash memory industry to do away with two process node levels and obtain excellent die yields.
Product segmentation and analysis of the enterprise SSD market
- Single level cell (SLC)
- Multi-level cell (MLC)
- Triple level cell (TLC)
The MLC segment dominated the market during 2015, with a market share of 75%. However, this market research report anticipates this segment to witness a decline in market shares during the forecast period as a result of the growing adoption of TLC products.
Geographical segmentation and analysis of the enterprise SSD market
The APAC region accounted for the largest market share during 2015. The presence of key vendors operating in this region has been propelling the market growth. South Korea and Japan are the key contributors in this region, followed by Taiwan, China, and India. It is estimated that by the end of 2020, APAC would be contributing nearly 66% towards the global market revenue.
Competitive landscape and key vendors
The global enterprise SSD market is highly concentrated with a handful of vendors enjoying the majority of the market share. Vendors compete on the basis of price, innovation, quality and performance, and support services. The high vendor competition has led to an increased number of mergers and acquisitions, wherein smaller entities are being acquired by or are being merged with, major players.
The leading vendors in the market are -
- Western Digital
Other prominent vendors in the market include ADATA, Apacer, Cactus Technologies, Dell, HGST, IBM, Kingston Technology, LSI, Maxta, Memblaze Nimbus Data Systems OCZ, Pure Storage, Recadata, Transcend Information, and Violin Memory.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global enterprise SSD market?
- What are the key market trends impacting the growth of the global enterprise SSD market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global enterprise SSD market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global enterprise SSD market?
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