Global SSD Caching Market Analysis, Growth, Trends & Forecast 2018-2023, With an Expected CAGR of 15.11% - ResearchAndMarkets.com
Aug. 02, 2018
DUBLIN--(BUSINESS WIRE)--Aug 2, 2018--The "Global SSD Caching Market - Segmented by Application (Server, Client Storage, Client Computing) and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The SSD caching market was valued at USD 17.95 billion in 2017 and is expected to reach USD 41.77 million by 2023, at a CAGR of 15.11% over the forecast period.
SSDs have no moving parts as in the traditional HDDs, and hence, work faster with lessened boot times and latency reduced to the minimum. In order to offer the benefits of the SSD technology with high storage, Intel came up with a technology called SSD caching or Smart Response Technology.
This technology offers flexibility of high-capacity storage coupled with faster access speeds of SSD, ultimately resulting in a better user experience. The usual time-consuming tasks can be accomplished much faster, and all these can be made available to the user at a little additional cost. The fractional cost of SSD cache drives as compared to the full SSD storage drives is expected to make SSD caching an attractive alternative for budget users requiring faster rates of data access, till the price of SSDs comes at par with HDDs.
When smartphones evolved and desktop sales declined, the SSD market helped the personal computer market through laptops. SSDs are not made up of mechanical parts such as platter and actuator, making SSDs more durable than HDDs. SSDs can withstand more shock and damage, helping keep data safe. One of the many advantages that SSD offers the users is that it consumes less power.
Companies MentionedAdaptec ADATA Technology Co. LTD Advanced Micro Devices Inc. Corsair Components Inc. EDGE Memory HGST Inc. Intel Corporation LSI Corporation Micron Technology Inc. Mushkin MyDigitalSSD OCZ Synapse Plextor Proximal Data Inc. Samsung Electronics Co. Ltd SanDisk Super Talent Technology Transcend Information Inc.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Global SSD Caching Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Outlook of Global Caching Market
For more information about this report visit https://www.researchandmarkets.com/research/5wjjdp/global_ssd?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180802005484/en/
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Data Storage and Management
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 08/02/2018 09:33 AM/DISC: 08/02/2018 09:33 AM