LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global peripheral component interconnect express (PCIe) SSD market to grow at a CAGR surpassing 33% during the forecast period, according to their latest report.
The research study covers the present scenario and growth prospects of the global PCIe SSD market for 2016-2020. The market size is calculated on the basis of revenue generated from the sale of PCIe SSDs to the enterprise segment.
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Technavio hardware and semiconductor research analysts highlight the following four factors that are contributing to the growth of the global PCIe SSD market:
- Growing proliferation of cloud applications
- Increase in demand for cloud-based data centers
- Use of big data analytics
- Need for managed service data centers
Growing proliferation of cloud applications
Organizations are opting for cloud services to access data and analytics that assist them in making smart business decisions. Enterprise SSD technologies, especially PCIe SSD, with their improved features such as lowest latency rate and highest data throughput capability, can enhance their experience by improving web application response times. This allows business intelligence and analytics companies to deliver complex data visualizations and real-time analytics without affecting page load time. It also allows SaaS providers to scale up and meet demand cost-effectively and without compromising performance.
Furthermore, PCIe SSD technology helps improve application performance so providers can process more jobs and more complex queries in less time. I/O-intensive log files and often retrieved tables can slow down an analytics engine. A PCIe-based flash storage keeps that data near to the processor, warranting a fast response time.
Today, the IT sector requires to ensure a consistent high-standard performance, improved capacity, better availability, and low latency. SSD technology is very persistent in delivering predictable data-intensive workloads with continuous response times. With PCIe SSD technology, the sector can deliver higher performance with reduced power consumption and cooling costs. As a result, the growing proliferation of cloud applications is expected to drive the PCIe SSD market during the forecast period.
Increase in demand for cloud-based data centers
“Data centers that house infrastructure to process and store business information are the major backbone for cloud operations. Many big enterprises such as Amazon Web Service, Microsoft Azure, and Google Cloud operate cloud data centers for their daily business operations,” says Sunil Kumar Singh, a lead analyst at Technavio for research on embedded systems.
Most developing small- and medium-sized enterprises (SMEs) opt to run their business operations through CSPs, colocations, and web-hosting cloud data centers because of benefits such as scalability, reliability, and cost reduction. CSPs such as Microsoft and Google operate about 100,000 servers globally due to increasing business demand, which has generated the requirement of automation in cloud-based data centers. Several cloud-based data centers are known as mega data centers as they consume a lot of power during peak data-intensive operations. Furthermore, there is an increase in innovations over the design and deployment of micro data centers.
“The use of both cloud consumers and business applications has been contributing to the growth of Internet traffic since 2011. The demand for public cloud storage will grow during the forecast period due to a decline in cloud storage cost for consumers,” adds Sunil.
Use of big data analytics
A large number of consumer- and business-based applications (such as sensors) generate a huge amount of structured and unstructured data within 60 seconds. Several sources are involved in the architecture of data generated by a single business application. These collected data are of high volume, velocity, and variety. Big data analytics helps organizations understand the data and make business decisions.
Big data analytics is suitable for large enterprises such as e-commerce solution providers and SMEs with increasing collection of data to drive their business growth. Data analytics helps in faster analysis with an optimum utilization of computing resources. Enterprises have started procuring high-performance computing infrastructure in data centers for predictive and consumer analytics operations of big data sets. Big data infrastructure spending includes computation, storage, and network and infrastructure software. PCIe SSDs are the most sought-after storage components in data centers. This is likely to drive the global PCIe SSD market during the forecast period.
Need for managed service data centers
It is advantageous for an enterprise to operate a colocation facility rather than to build a data center. Data center colocation allows enterprises to rent computing storage, servers, and network. It enables minimal utilization of power and bandwidth and enhances the security of enterprise IT equipment.
The use of colocation facility has reduced the capital expenditure associated with building, operating, and updating a data center facility considerably. Several factors determine the choice of a colocation solution for an enterprise. Colocation facilities help SMEs operate through modern infrastructure at reduced subscription costs. The number of such facilities is expected to increase during the forecast period.
Many enterprises worldwide build and operate their cloud platforms and host them through the managed services model. These enterprises enable efficient operation of their IT infrastructure and achieve better uptime and availability of resources. The demand for PCIe SSDs is expected to increase during the forecast period due to a rise in the online presence of enterprises in different industries.
Browse Related Reports:
- Global Enterprise SSD Market 2016-2020
- Global Date Center Storage Market 2016-2020
- Global Solis State Drive (SSD) Market 2015-2019
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