According to the latest research report by Technavio, the global enterprise SSD (solid-state drive) market is predicted to grow at a CAGR of over 7%.

In this report, Technavio covers the present scenario and growth prospects of the global enterprise SSD market for 2016-2020. Based on product types, the market is divided into the following segments: single-layer cell (SLC), triple layer cell (TLC), multi-layer (MLC) and enterprise multi-layer MLC (eMLC).

Technavio’s senior researcher on the semiconductor equipment industry, Navin Rajendra, says, “As per the key findings of this market study, the demand for enterprise SSD is anticipated to grow substantially over the next four years. Technological upgrades have resulted in a substantial fall of price per GB of storage space which has increased performance and lowered the total cost of ownership. Hence, enterprise SSDs are gaining significant traction in data centers and cloud storage applications.”

Most organizations use cloud services to access data and analytics that assist in making smart business decisions. Enterprise SSD technology can enhance their experience by improving web application response time.

“This technology allows companies operating in the space of business intelligence and analytics to deliver complex data visualizations and real-time analytics without affecting page load time. It also allows software-as-a-service (SaaS) providers to scale up and meet demand cost-effectively without compromising on performance,” adds Rajendra.

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Some of the key leading players contributing to the growth of this market include Intel, Micron, Samsung, Seagate, SanDisk, and Western Digital. Some other prominent vendors outlined in this research report are ADATA, Apacer, Cactus Technologies, Dell, HGST, IBM, Kingston, LSI, Maxta, Memblaze, Nimbus Data Systems, OCZ, Pure Storage, Recadata, Transcend Information, and Violin Memory.

The enterprise SSD market is predicted to witness growing consolidation and tougher competition through 2020. With this, many large companies are expected to make fast inroads in the enterprise SSD space through acquisition of smaller players.

APAC: largest enterprise SSD market

Our research believes APAC will continue to lead the enterprise SSD market during the forecast period. The region is estimated to improve its contribution to the global enterprise SSD market, with a 66% share by 2020.

Many of the major vendors operating in the global enterprise SSD market are present in APAC. South Korea along with Japan emerged as the major revenue contributor for APAC, while Taiwan, China, and India are expected to become significant contributors during the forecast period. The availability of low-cost manufacturing coupled with the emergence of several R&D centers in India is predicted to become a key advantage for vendors during the forecast period.

Green packaging market in North America

The Americas emerged as the second-largest region for this market in 2015. The market in the region is driven by the presence of a large number of manufacturers and the demand for higher storage density coming from enterprises. However, the revenue contribution of this region is expected to fall steadily during the forecast period owing to the emergence of APAC as a key manufacturing HUB of SSDs.

Browse Related Reports:

  • Global Solid State Drive (SSD) Market 2015-2019
  • Global 3D NAND Flash Market 2015-2019
  • Global Enterprise Storage Market 2015-2019

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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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