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India SSD Market to reach $128 Million by 2022 – 6Wresearch

64GB-120GB devices mostly shipped in 2015

India is a fast growing market for storage devices. Over the last three years, India posted augmented growth in high-end storage devices, wherein enterprise segment being the largest contributor. Surging big data and cloud computing markets played significant role in shaping overall storage device market in India. In India’s storage device market, SSD is currently at its growing stage, which accounts for marginal share in the overall market; however the segment is registering exponential growth.
 
According India Solid State Drive Market (2016-2022) by 6Wresearch, India SSD market is forecast to reach $128 million by 2022.

Until 2015, storage device market was dominated by the HDD segment acquiring nearly 90% of the share, though is witnessing year-over-year decline. Apart from external HDD which currently accounts for over 20% of overall HDD shipment, internal HDD’s demand is further projected to decline owing to market saturation and growing adoption of NAND flash memory storage devices, predominantly SSDs.
 
According to Rajat Kharbanda, senior consultant, research and consulting, 6Wresearch, “Entry-level SSDs accounted for majority of SSD unit shipments in 2015, wherein 64-120GB capacity based SSDs were mostly shipped, followed by 256-500GB, 512GB and above.”
 
In the forecast period, enterprise end user segment is expected to record key growth owing to rising penetration of eMLC SSDs. Also, increasing penetration and declining prices would spur the growth of the market,” he added.
 
According to Prijo Samuel, senior research analyst, research and consulting, 6Wresearch, “TLC 3D NAND, a new technology in SSD market registered exponential growth in India; Samsung being the largest supplier.”
 
Additionally, other players such as Intel, Micron, SanDisk and Toshiba are expected to introduce their first TLC 3D NAND technology based SSDs by 2016 resulting further growth in SSD market.” he concluded.
 
The major companies in India SSD market include ADATA, HP, IBM, Intel, Kingston, Lite-On, Crucial (Micron), Samsung, SanDisk, Seagate and Transcend.

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