Global Solid State Drive Market 2020: Competitive Landscape, Production, Supply, Demand and Forecast to 2027
Solid-state drives (SSDs) are storage devices able to retain data without consuming power. Benefits of SSDs such as high random-access speed, high reliability, and multi-tasking ability can drive its demand among consumers. The global solid-state drive market report by Market Research Future (MRFR) covers drivers, challenges, and estimations for the period of 2018 to 2023 (forecast period). The outbreak of the COVID-19 virus and its effects on the industry have been noted and explained in a comprehensive manner. Market Scope The Global Solid State Drive Market size is expected to expand from USD 21.78 billion in 2017 to USD 50.72 billion by 2023, according to MRFR. It is expected to expand at a CAGR of 15.13% during the forecast period. It is driven by the demand for high-speed data transfer, expansion of the Internet, advances of digitalization, and growing e-commerce industry. Benefits of SSD such as high durability, multi-tasking, and high random-access speed can d...