SAS and SSD Market to Grow at 4.14% CAGR During the Period 2017-2021

Marketsizeforecasters.com adds new global sas and ssd market report that lists top companies as Kingston Technology, Micron, Samsung, Toshiba, and Western Digital. Commenting on the report, an analyst team said: ?One trend in market is emergence of 3D NAND. The arrival of 3D NAND has revolutionized the storage industry. NAND flash device architectures are one-dimensional, because of which they can store more data by increasing density, thus leading to the increase in SAS SSD capacity. 3D NAND technology has several advantages such as it consumes less power.? According to the report, one driver in market is growing enterprise storage market. Growing internet penetration worldwide for both professional and personnel uses has led to the growth of digital data. This has increased the demand for efficient storage infrastructure to store and process data. There are several innovations being carried out by the vendors in the storage market that have brought storage infrastructure offerings that match the growing requirement for different types of enterprises across several business verticals such as the banking, financial service, and insurance (BFSI); healthcare; manufacturing; and retail. By 2020, it is expected that at least 35 Exabyte of data will be generated by the devices connected to the internet, out of which 85% will be unstructured. These generated data include both B2B and B2C that are stored and processed by enterprises worldwide in their on-premise server room or off-campus data center. Further, the report states that one challenges in market is growing popularity of in-memory computing devices. In-memory computing is defined as a database management technology, which stores data in the RAM of servers rather than in traditional disk storage, as it is estimated to be 3,000 times faster than rotating disks. This performs faster database management as most of the data that undergoes processing is already present in the computer's main memory, allowing faster access. In-memory computing helps business customers to detect and analyze the massive volume of data in order to perform their business operations quickly across several industry verticals. One of the main benefits of in-memory applications is that it can easily integrate with not only structured query language (NoSQL) in order to reduce the cost per gigabyte of data. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Technavio Analyst

Analysts from Technavio regularly contribute to the news section on MarketSizeForecasters.com. Technavio is a leading market research company with global coverage. Their research and analysis focus on emerging market trends to help businesses identify market opportunities and develop effective strat...

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