October 09, 2017
WELLESLEY, Mass., Oct.09, 2017 – Growing demand for laptops, netbooks and tablets will help spur growth of the solid-state drive (SSD) industry, according to a report by BCC Research. Due to their speed, stability, quiet operation and suitability for portable devices, SSDs are rapidly replacing traditional hard disk drives.
The SSD market is expected to increase by a compound annual growth rate (CAGR) of 14.4% through 2022, with the largest market being North and South America. The total market is forecast to reach $52.5 billion by 2022, with the largest segment and most growth coming from SSDs with more than 1 terabyte of storage, according to the report Solid-state Drives (SSD) Technology: Global Market Analysis.
“Said to have lost to SSD in terms of growth prospect, the HDD market is still not completely dead,” said Kevin Fitzgerald, BCC Research editorial director. “SSDs have many performance advantages when compared to hard disks, but at the moment, they come with cost and supply limitations that can restrict their wider acceptance for certain applications.”
North and South America Overtake Asia as a Lucrative Manufacturing Hub
The largest market for SSDs through 2022 will be the Americas, as device manufacturers there continue to integrate SSDs into their products. Many market leaders are also choosing to manufacture electronic devices in the Americas as they see cost benefits to regional production. Market growth in the Americas will come primarily from SSDs with more than 500 GB of storage—vendors are targeting the 500 GB to 1 TB storage range for smartphones, tablets and basic laptops.
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Solid-state Drives (SSD) Technology: Global Market Analysis( IFT137A )
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