According to the MarkNtel Advisors' research report, "Global Solid Slate Drive Market Analysis, 2021," the market is likely to grow at a CAGR of 14.9% during 2021-26. The market growth attributes to the mounting penetration of the internet, digitalization of day-to-day activities, and the rapidly expanding online commerce industry.
Additionally, the surge in requirement of storage capacity by an individual is fueling the market growth. The increasing popularity of smartphones that have resulted in generating large volumes of digital data and images with high resolution has aided the demand for sufficient capacity for storing the data, thereby propelling the market growth.
Key questions answered in the study
Automotive Segment Attained Highest Market Share
Based on the End-user, the market bifurcates into Enterprise (Server Attached, Storage Attached), Client (Desktop PC, Notebook, Tablet, Others), Industrial, and Automotive segments. Among these segments, Automotive acquired the largest share in the Global Solid-State Drive Market in the previous year due to the surging demand for autonomous & connected cars requiring a high-performance storage solution for storing data, content, and high-resolution graphics. Further, the solid-state drive is a flash storage solution that can save a substantial amount of data in a wide range of vehicle applications, including navigation and entertainment systems. Thus, the demand for SSDs in the Automotive industry is significantly high.
"Global Solid Slate Drive Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Solid Slate Drive providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Asia-Pacific Exhibits Fastest Growth
The Asia-pacific market is likely to register the fastest growth in the Global Solid Slate Drive market during 2021-26 due to the rapid internet penetration, snowballing popularity of online platforms, and technological advancements. Further, the rising need for high-capacity storage devices and the surging budget for developing IT infrastructure in Asia-Pacific countries like India will fuel the demand for high-capacity storage solutions like SSD. Thereby, the region is likely to contribute to the growth of the Global Solid Slate Drive Market in the forecast period, reveals MarkNtel Advisors in their research report, "Global Solid Slate Drive Market Analysis, 2021."
According to MarkNtel Advisors, the major leading players in the Global Solid Slate Drive Market are Intel Corporation, Western Digital Corporation, Samsung Electronics Co., Ltd., Toshiba Corporation, Seagate Technology PLC, Micron Technology, Inc., SK Hynix, Kingston Technology Corporation, BiTMICRO Networks, Inc, and Microsemi Corporation,