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Solid State Drive (SSD) Market Share Estimated to Garner USD 86.5 Billion by 2030 with a CAGR of 15.2% – Report by Market Research Future (MRFR)

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New York, US, May 26, 2022 (GLOBE NEWSWIRE) — SSD Market Overview

According to a comprehensive research report by Market Research Future (MRFR),” Solid State Drive Market Research Report, By type, By Storage Interface, By Storage Capacity, By Application, By End-user – Forecast till 2030”, estimated to grow to a valuation of USD 86.5 Billion by 2030, growing at a 15.2% throughout the assessment period. 

Report Scope:

The solid state drive market is projected to witness significant revenue growth. The rise of memory-driven infrastructure and the flexibility that SSDs offer in remote edge deployments boosts the Solid State Drive (SSD) Market size. Initiatives to drive the performance of existing infrastructures contribute to the market size, increasing the interest in rolling out memory-driven infrastructures.

Report Metric Details
  Market Size USD 86.5 Billion
  CAGR 15.2%
  Base Year 2019
  Forecast Period 2020-2030
  Historical Data 2018
  Forecast Units Value (USD Million)
  Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered Type, Storage Interface, Storage Capacity, Applications and End-user
  Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors Samsung (South Korea), Intel (US), SanDisk (US), Micron Technology, Inc. (US), Toshiba (Japan), Lite-On (Taiwan), Western Digital (US), Fusion-io (US), Google (US), Kingston Technology (US), NetApp (US), OCZ (US) and IBM (US),
  Key Market Drivers In the global platform where Cloud computing is the major suitable option for organization and customers shows interest towards backup and archiving their data.

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Growing demand for gaming SSDs with PCI Express 4.0 NVMe speedsters that can connect external drives to internal ones and PCs and gaming consoles defines the market landscapeA memory-driven architecture needs advanced memory technologies to reduce data access latency and offer superior performance with enterprise-class storage capabilities, demolishing the latency bottlenecks between memory and SSDs. Rising internet uses and uptake of smart connected devices define the growing Solid State Drive Market landscape.

The growing use cases of real-time analytics, artificial intelligence (AI), machine learning (ML), and deep learning algorithms increase market revenues, fostering the demand for faster storage. With the rising use of highly scalable memory devices, the market is likely to grow significantly. Also, increasing demand for random-access memory (DRAM), conditional access security keys, and hack-resistance storage foster Solid State Drive Market growth.

Industry Trends

The market witnesses vast demand for new portable solid-state drives with a small form factor, larger storage space, and rapid write speed. Its compact design offers a great solution for consumers needing a portable drive to move files fast. SSDs can greatly enhance the performance of systems with a simple upgrade.

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Other benefits that SSDs can provide include durability & reliability, faster data processing than hard drives, lightweight & silent working features, and more practical sizes/form factors. Today, SSDs are extensively used in businesses, gaming, smartphones, servers, and smart wearable & gadgets. Their compact design, low power consumption, and high speed make SSDs an indispensable component in smart wearable devices and gadgets.

Solid State Drive Market Segments

The Solid State Drive Market is segmented into form factors, interfaces, storage, technologies, end-users, and regions. The form factor segment is sub-segmented into 5”, 2”, 8”/2.5”, 2 (SFF 8639), FHHL, HHHL, and others. The interface segment is sub-segmented into SAS, SATA, PCIe, and others.

The storage segment is sub-segmented into under 500 GB, 500 GB–1 TB, 1 TB – 2 TB, above 2 TB. The technology segment is sub-segmented into MLC planar, SLC, MLC 3D, TLC 3D, TLC planar, and others. The end-user segment is sub-segmented into clients, enterprises, industrial, automotive, and others. 

Increasing demand for SSD from the connected & wearable devices market and increasing deployment of SSDs in the banking and financial services sector escalate Solid State Drive (SSD) Market growth. Furthermore, advances in storage technologies drive the growth of the market. The rising use of high-end notebooks, desktops, and gaming systems, alongside the workstations requirements and the proliferation of data centers, substantiate market revenues. 

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https://www.marketresearchfuture.com/reports/solid-states-drives-market-1028

Solid State Drive Market Regional Analysis 

North America is the largest market for solid state drive, accounting for a significant market share. The market increase is driven by the presence of many notable players and well-established end-user verticals in the region. The broad uptake and advances in storage technologies foster the growth of the regional market.  

Besides, the increasing investments in technology developments propel regional Solid State Drive (SSD) Market growth. Moreover, the demand for reliable backup and recovery systems supports market growth in the region. The North American solid state drive market is expected to witness rapid growth during the assessment period. 

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SSD Market Competitive Analysis 

Highly competitive, the solid state drive market appears fragmented due to the presence of several well-established players. Industry players make vast investments in research and development activities and foster their expansion plans. These market players adopt approaches such as greater commercialization of their products, promotion initiatives through competitions & trade exhibitions, and increased collaboration.

Dominant Key Players on Solid State Drive Market Covered are:

  • Intel (US)
  • Samsung (South Korea)
  • SanDisk (US)
  • Toshiba (Japan)
  • Micron Technology Inc. (US)
  • Lite-On (Taiwan)
  • Fusion-io (US)
  • Western Digital (US)
  • Google (US)
  • NetApp (US)
  • Kingston Technology (US)
  • IBM (US)
  • OCZ (US)

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Recent Developments:

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This market witnesses implementation of several strategic deals, such as collaboration, mergers & acquisitions, product launches, and expansion. The SSD market perceives increasing product developments and product launches. On May 02, 2022, electronics giant Samsung launched a new rugged portable Solid State Drive offering protection against drops, dust, and water. 

The Samsung T7 Shield Portable SSD combines high speed and convenience with rugged dependability. Samsung’s popular T-series range of portable SSDs has earned the reputation of being the best portable SSDs.

In another instance, on April 26, 2022, KIOXIA America, Inc., introduced the XG8 Series of client SSDs to bolster its comprehensive PCIe 4.0 solid-state drive (SSD) portfolio. Built with our fifth-generation BiCS FLASH 3D flash memory, the XG8 Series can be used in gaming systems, high-end notebooks, desktops, workstations, and data center boot applications. It delivers a next-generation solution for client and data center boot applications needing advanced performance.

Addition features of the XG8 Series include Forward-looking support for NVMe 1.4 feature set and basic management commands over System Management Bus (SMBus) that can enable tighter thermal management for PCs, Power loss notification is supported to protect data against forced shut-downs, and sideband signals are available in both 1.8V and 3.3V enabling support for more platforms. 

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Legal Operations Leaders and General Counsels to Discuss Business-Critical Challenges at Legal Operations Exchange 2024

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LONDON, Sept. 30, 2024 /PRNewswire/ — The Legal Operations Exchange is set to return to the Hilton Syon Park in London for its third edition this 4-5 December. Bringing together 60 Legal Operations Leaders and General Counsels for two days of learning, discussion and networking, attendees will discover new solutions to their unique challenges and gain insight on effectively leveraging data and technology for efficiency gains and positioning the legal team at the heart of the organisation.

Given the progress in data analytics and generative AI solutions, the call to modernise and innovate in-house legal departments has never been more pressing. As the stewards of this shift to a more efficient and future-facing legal department, legal operations teams must both understand the legal technology landscape while also mastering the softer skills needed to implement and manage change successfully.
The Legal Operations Exchange has been designed to address the complexities of improving in-house legal operations from all angles. Confirmed attendees at this year’s event include Legal Operations Directors, General Counsels and Heads of Legal from top-tier organisations such as The Access Group, L’Oreal and Arla. All participants have been selected to attend this invitation-only gathering based on their active requirements to innovate their legal department’s operations.  
A hallmark of the Legal Operations Exchange is its one-to-one business meetings which allow decision-makers who have pre-identified their specific challenges and investment areas to meet with relevant solution providers. With analysis by the Legal Operations Exchange revealing risk management, contract review and analytics, and document automation and generation as the top investment priorities of attendees so far, these bespoke, pre-scheduled meetings provide a dedicated platform for solution providers to demonstrate their capabilities to those actively seeking new solutions.
With nearly 10 hours of time dedicated to organic networking and pre-scheduled business meetings over the course of the two days, the event provides the opportunity for end users and solution providers alike to form new and lasting relationships. One previous attendee from Red Bull commented that: “The Legal Operations Exchange event was an excellent opportunity for networking. Its size was perfect – not too large, so you didn’t feel lost in the crowd, and not too small, so there was a diverse group of professionals to connect with. I found it incredibly easy to engage in meaningful conversations and build connections.”
The Legal Operations Exchange’s world-class, cross-industry speaker faculty is comprised of leading figures in the legal operations world, including Silke Engel, Director of Legal, Legal Operations and Technology at Coca Cola Europacific Partners, and Niklas Rahlmeyer, Head of New Business, Legal Operations and Services at E.ON.
For Legal Operations professionals, General Counsels and solution providers, the Legal Operations Exchange provides an unparalleled opportunity to form meaningful connections and share best practices for enhancing legal operations in today’s complex landscape. To secure your place or for more information on sponsorship opportunities, contact the Legal Operations Exchange team at [email protected] or visit our website here.
Contact: Kazia [email protected] 

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Tyne and Wear Fire and Rescue Service U.K. to Deploy Motorola Solutions’ Cloud-Hosted Control Room Solution

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New response system helps streamlining workflows, strengthening resilience and improving safety for more than 1 million people in Northeast England
LONDON, Sept. 30, 2024 /PRNewswire/ — Tyne and Wear Fire and Rescue Service has announced that it is strengthening its emergency response capabilities through a cloud-hosted Control Room Solution (CRS) from Motorola Solutions (NYSE: MSI). This move will foster digitalisation, streamline workflows and offer the agency the ability to better scale operations in critical situations such as flooding and wildfires, which have increased in frequency in the U.K. in recent years.

“Our objective is to create one of the safest communities in the country,” said Phil Clark, Area Manager for mobilising and digital transformation at Tyne and Wear Fire and Rescue Service. “We are amongst the fastest responding fire and rescue services in the U.K. for dwelling fires with an average response time of 5 minutes 58 seconds.”
“We will continue to invest in new technologies and plan to offer other fire and rescue services the opportunity to join our newly created control room solution,” said Area Manager Clark. “In doing so, we’ll be able to seamlessly exchange information during joint operations, increase scalability to accommodate varying demand levels, and foster greater cooperation and faster responses in critical situations. Our relationship with Motorola Solutions will enable us to realise and deliver our operational vision, which will ultimately help to save lives and put Tyne and Wear Fire and Rescue Service at the forefront of Control Room technology in the U.K.”          
Every day, more than 1 million people rely on Tyne and Wear Fire and Rescue Service, who operate 17 community fire stations in Northeast England. Their responsibilities across the community include responding to primary and secondary fires, road traffic collisions, civil emergencies, water and structural rescues and delivering fire safety advice to residents and businesses.
The browser-based CRS enables staff to access the control room by securely logging on from any location to set up mobile command posts or provide remote support for incidents. The new platform will integrate Motorola Solutions’ CommandCentral Evidence software for storing and securely handling control room voice recordings, unifying critical communications and data in one platform, while also linking to the appropriate cases.
“Demand on the fire and rescue service has evolved over the years, and emergency services continue to respond to a wide range of complex incidents,” said Fergus Mayne, U.K. and Ireland country manager at Motorola Solutions. “Our cloud-hosted CRS solution benefits Tyne and Wear Fire and Rescue Service with an intuitive and unified response system that integrates all communications into one efficient and resilient work environment.”
About Motorola Solutions
Motorola Solutions is solving for safer. We build and connect technologies to help protect people, property and places. Our solutions enable the collaboration between public safety agencies and enterprises that’s critical for a proactive approach to safety and security. Learn more about how we’re solving for safer communities, safer schools, safer hospitals, safer businesses – safer everywhere – at www.motorolasolutions.com.
Tyne and Wear Fire and Rescue Service
Tyne and Wear Fire and Rescue Service leads the operational delivery of fire and rescue, including public protection, emergency prevention and resilience for the five local authority areas of Gateshead, Newcastle, North Tyneside, South Tyneside and Sunderland. 
The fire service operates from 17 community fire stations across Tyne and Wear, with our stations, employees and appliances strategically placed across the region to ensure efficient and effective response to fire and rescue emergencies. www.twfire.gov.uk 
Photo – https://mma.prnewswire.com/media/2517802/TWFRS_Control_Room.jpg
 

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Heimdal and emt Distribution Aim to Dominate the Middle East Cybersecurity Market

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COPENHAGEN, Denmark and DUBAI, UAE, Sept. 30, 2024 /PRNewswire/ — Heimdal and emt Distribution announce a strategic partnership that combines Heimdal’s advanced cybersecurity solutions with emt Distribution’s deep market expertise.

The collaboration will deliver sophisticated yet user friendly products to the Middle East. With Heimdal offering the widest cybersecurity stack in the world, and emt Distribution being the region’s leading distributor, the partnership is well-positioned for success.
Together, they are committed to educating the market on how strategic consolidation, training, and strong vendor relationships will maximize value.
Bringing a new dynamic to the market
Under this partnership, the two parties have promised to:
Roll out Heimdal’s Patch Management solution right away, as it’s a clear improvement over existing tools in the market.Provide local hosting in the United Arab Emirates by 2025, offering compliant, high-performance cloud services tailored to regional needs.Drive new technology adoption with pioneering tools, like the Threat Hunting and Action Center, along with emt Distribution’s market know-how.Offer easy-to-use technology, hands-on training, and show how a SOC can close security gaps while boosting profits.M Mobasseri, Co-Founder and CEO of emt Distribution META: “As we work closely with many cybersecurity experts and CISOs, we consistently encounter a range of challenges, particularly the complexity of managing numerous platforms. These platforms not only require specialized expertise but are also resource-intensive and costly.”
“Having known Heimdal for many years, I’ve witnessed their substantial investments in addressing these challenges and their development of a comprehensive cybersecurity platform that meets the critical needs of customers in the region.”
“Together with Heimdal, we are striving to integrate best-of-breed technologies into a unified platform, with plans for local hosting in 2025 to ensure compliance for businesses of all sizes. In addition, we are excited to announce special terms for our channel partners, aimed at maximizing their growth and profitability.”
Jesper Frederiksen, CEO of Heimdal, commented on the announcement: “Heimdal is pleased to announce a strategic partnership with emt Distribution, the leading security distributor in the Middle East. This collaboration comes in response to the rapidly growing demand for advanced cybersecurity solutions across the region.”
“By joining forces with emt Distribution, Heimdal aims to leverage their extensive network of resellers to provide cybersecurity solutions to organizations throughout the Middle East. Our joint initiative will focus on empowering organizations to significantly reduce their cyber risk exposure through Heimdal’s easy-to-use and cost-effective security solutions and emt Distribution’s unparalleled market reach.”, he added.
About emt Distribution META
emt Distribution META is a channel company with over 30 years of experience in security distribution, offering cyber threat mitigation solutions for Enterprises, SMBs, and MSPs. Committed to selling through channel partners, emt supports a large reseller base and provides technical support and professional services.
For more information, visit emt Distribution.
About Heimdal
Established in Copenhagen in 2014, Heimdal® empowers CISOs, security teams, and IT administrators to improve their security operations, reduce alert fatigue, and implement proactive measures through a unified command and control platform.
Heimdal’s award-winning cybersecurity solutions span the entire IT estate, addressing challenges from endpoint to network levels, including vulnerability management, privileged access, Zero Trust implementation, and ransomware prevention.
For more information, visit Heimdal.
For further press information:
Madalina PopoviciMedia Relations [email protected] 
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/heimdal-security/r/heimdal-and-emt-distribution-aim-to-dominate-the-middle-east-cybersecurity-market,c4044480
The following files are available for download:
https://mb.cision.com/Main/22623/4044480/3028629.pdf
Heimdal and emt Distribution Partnership – Press Release
https://news.cision.com/heimdal-security/i/heimdal-and-emt-distribution-partnership,c3338145
Heimdal and emt Distribution Partnership
 

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