According to a new report, PCIe SSD market is expected to grow significantly in the next few years, with expected growth of 33.24 percent by 2020.

With manufacturers like Intel, Micron, Samsung, Toshiba, Seagate and Western Digital focusing more and more on PCIe SSD market, the market is expected to significantly grow, according to the latest report from Researchandmarkets.com.

The main trends for market growth will be the rise in investments in emerging memory technology, like 3D NAND, which is already used by leaders like Samsung, Intel and Micron. Currently, it is expected that key players, including aforementioned companies as well as Toshiba and Sandisk, are expected to invest more than US $18 billion in the 3D NAND manufacturing by 2020.

While the consumer market is a bit more interesting, it appears that the key driver for PCIe SSDs will be managed service data centers, which need low latency, something that faster and better SSDs can certainly offer.

The report suggests that the market CAGR (Compound Annual Growth Rate) will reach a stunning 33.24 percent by 2020.

Hopefully, the consumer market will also benefit from a further focus on PCIe SSD storage as we will probably see even faster SSDs in near future.



Source: Researchandmarkets.com.