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Solid State Drive (SSD) Market size is set to grow by USD 167.41 billion from 2024-2028, Enhanced performance and durability boost the market, Technavio

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NEW YORK, July 23, 2024 /PRNewswire/ — The global solid state drive (SSD) market size is estimated to grow by USD 167.41 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  35.02%  during the forecast period. enhanced performance and durability is driving market growth, with a trend towards emergence of portable SSDs. However, poor latency and endurance  poses a challenge. Key market players include ADATA Technology Co. Ltd., Corsair Gaming Inc., DataDirect Networks Inc., Intel Corp., International Business Machines Corp., Kingston Technology Co. Inc., Kioxia Corp., LITE ON Technology Corp., Maxta Inc., Micron Technology Inc., NetApp Inc., Pure Storage Inc., Samsung Electronics Co. Ltd., Seagate Technology Holdings Plc, Simms International plc, SK hynix Co. Ltd., Sony Group Corp., Toshiba Corp., Transcend Information Inc., and Western Digital Corp..

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Solid State Drive (SSD) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 35.02%

Market growth 2024-2028

USD 167419.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

26.06

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 30%

Key countries

US, China, Japan, South Korea, and Taiwan

Key companies profiled

ADATA Technology Co. Ltd., Corsair Gaming Inc., DataDirect Networks Inc., Intel Corp., International Business Machines Corp., Kingston Technology Co. Inc., Kioxia Corp., LITE ON Technology Corp., Maxta Inc., Micron Technology Inc., NetApp Inc., Pure Storage Inc., Samsung Electronics Co. Ltd., Seagate Technology Holdings Plc, Simms International plc, SK hynix Co. Ltd., Sony Group Corp., Toshiba Corp., Transcend Information Inc., and Western Digital Corp.

Market Driver

The global SSD market is experiencing significant growth due to the introduction of advanced portable SSD alternatives. For instance, Kingston Technology’s XS2000 offers USB 3.2 Gen 2×2 speeds for next-generation performance in a compact, portable external drive. Micron Technology has expanded its portable SSD portfolio, providing consumers with various options for external storage based on performance, capacity, and value. Their new offerings include a high capacity 4TB and a 500GB portable SSD. These portable SSDs deliver superior speed and performance in a convenient, on-the-go format, fueling the expansion of the SSD market. 

The SSD market is thriving with advancements in NAND technology. MLC Planar and MLC 3D are giving way to TLC 3D, offering more storage at lower costs. Smartphones and PCs are leading the demand for SSDs under 500 GB, while Enterprise, Client, Industrial, Netbooks, Ultrabooks, and Laptop systems in the 500 GB–1 TB and 1 TB–2 TB range are growing. Homes and small workplaces in the Consumer market prefer SSDs over HDDs. MnM, PCI Express, SATA, 2 (SFF 8639), FHHL, and HHHL interfaces cater to various system requirements. SLC, MLC, and TLC, with RI and NAND 3D technologies, ensure efficient data access for Single-user desktops and laptop systems. 

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Market Challenges

The Solid State Drive (SSD) market faces significant challenges, primarily in the area of latency and endurance. SSDs cannot completely mask write latency with write-back caching, but read latency cannot be concealed. SSD read latencies typically range from a few hundred microseconds, but can exceed tens of milliseconds or even seconds when access is interrupted by internal device tasks. Additionally, SSDs have a limited number of write cycles compared to hard disks, with SLC flash drives offering higher endurance at a premium price, and MLC flash being a more affordable option, but its lifespan depends on user data and internal drive activity. These factors, particularly endurance, may hinder the growth of the global SSD market.The Solid State Drive (SSD) market is experiencing significant growth, driven by the demand for faster and more reliable storage solutions. One trend shaping the market is the development of “Smart SSDs” with advanced features like hardware-based encryption and IEEE 1667 interface for high-end cloud computing. However, challenges remain, such as the need for compatibility with ATA and SATA interfaces, and the design complexity of next-generation interfaces like PCIe. Solid-state drive providers are also addressing the needs of various industries, including automotive for infotainment systems and next-generation connected cars, and data centers for cloud computing and relational analytics. TLC SSDs are gaining popularity for their cost-effectiveness in consumer applications like notebooks and tablets. Enterprises are focusing on file back-up, archiving information, and ensuring security for sensitive data on cloud platforms. In April 2021, Samsung Electronics launched the PM9A1 SSD, offering NVMe interface, NAND flash memory, and hardware-based encryption for enhanced performance, reliability, and security. Overall, the SSD market requires a balance of flexibility, temperature management, and endurance to meet the diverse needs of businesses and consumers.

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Segment Overview 

This solid state drive (ssd) market report extensively covers market segmentation by  

Type 1.1 TLC1.2 MLC1.3 SLCEnd-user 2.1 Laptops2.2 PCsGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 TLC-  The TLC segment of the Solid State Drive (SSD) market is an emerging and cost-effective option for consumer applications. TLC, or Triple-Level Cell, is the least expensive form of NAND flash memory, storing three bits per cell. Despite having lower performance, less endurance, and fewer write cycles compared to SLC and MLC, TLC is ideal for consumer usage due to its high storage density and low cost. Samsung Electronics, for instance, offers a 100+ layer 250GB V6 SATA SSD, which utilizes sixth-generation V-NAND technology, 136 layers of charge trap flash cells, and TLC 3bits/cell. With better error correction requirements and a lower price point, the TLC segment is expected to drive the growth of the global SSD market, offering a cost-effective solution for consumers.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Client Solid-State Drive (SSD) market is witnessing rapid growth driven by increasing demand for high-performance storage solutions in personal computing and enterprise environments. Advances in technology and declining prices are fueling adoption rates. Meanwhile, the global All Flash Array market is expanding due to its superior speed and efficiency over traditional storage systems, making it a preferred choice for data centers and cloud services. Key players in both markets are investing heavily in innovation to cater to the rising demand for faster, more reliable data storage solutions.

Research Analysis

Solid State Drives (SSDs) are digital storage devices that use NAND flash memory instead of spinning disks like Hard Disk Drives (HDDs). SSDs offer several advantages over HDDs, including faster read and write speeds, lower power consumption, and no moving parts, making them ideal for high-performance applications. SSDs come in various interfaces such as PCI Express (PCIe), SATA, and M.2 (SFF 8639), with form factors including Full Height Half Length (FHHL) and Half Height Half Length (HHHL). TLC Planar and SLC are common types of NAND flash memory used in SSDs. SSDs are widely used in high-end cloud computing, automotive, and other applications requiring fast storage. The NVMe interface is gaining popularity due to its high bandwidth and low latency, making it a preferred choice for PCIe SSDs. Solid-state drive providers continue to innovate, offering solutions for low-cost interface designs and advanced technologies like relational analytics.

Market Research Overview

Solid State Drives (SSDs) have revolutionized the storage industry, offering faster read and write speeds compared to traditional Hard Disk Drives (HDDs). SSDs use NAND flash memory, available in various types such as TLC Planar, SLC, and MLC, and the latest 3D NAND technology. SSDs come in different interfaces including SATA, PCI Express (PCIe), and Mini-SAS (MnM), with form factors like 2.5″ (SFF 8639), Half-Height Half-Length (HHHL), and Full-Height Full-Length (FHHL). SSDs are used in high-end cloud computing, automotive infotainment systems, next-generation connected cars, data centers, and various consumer applications like notebooks, tablets, smartphones, and PCs. The market for SSDs is vast, catering to Enterprises, file back-up, archiving information, cloud platforms, compute engine, and more. In April 2021, Samsung Electronics launched the PM9A1 SSD, designed for sensitive data with security requirements. SSDs offer benefits like performance, reliability, endurance, flexibility, and security through hardware-based and software-based encryption. The market continues to grow, with advancements in NVMe, IEEE 1667, and design complexity.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeTLCMLCSLCEnd-userLaptopsPCsGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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AndX Global Unveils Manila One, a First-of-Its-Kind Tokenized Land Development With Global Access

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45 minutes ago

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October 29, 2026

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NEW YORK, Oct. 29, 2026 /PRNewswire/ — AndX Global today unveiled Manila One, a $100 million initiative that is the first to tokenize a large-scale, development-stage land project and open it to investors worldwide from day one.

Originated in the Philippines, structured through a U.S.-based investment framework and built for distribution to eligible investors globally, Manila One represents a new model for cross-border real estate investing. It combines a local asset, institutional structuring, global access and a path to liquidity.

Manila One applies tokenization where the most value is created, in the development of raw land, and opens it to investors around the world from the start.

“Tokenization without liquidity is simply digitized illiquidity,” said Viru Raparthi, CEO of AndX Global. “Manila One changes that model by giving global investors access at the development stage, while building toward real liquidity. This isn’t just about tokenizing real estate. It’s about creating a global market for real-world assets.”

Designed for global investors

Manila One is built to overcome the barriers that have kept private real estate closed to most investors: access, currency, minimums and exit.

Global access: open to eligible investors in more than 190 countries, subject to applicable lawUSD-denominated: priced and reported in U.S. dollarsLow minimum: tokens priced to ensure maximum participationDigital ownership: each token represents an economic interest in the development-stage project, with digital custody and blockchain-based recordkeepingBuilt for liquidity: designed for secondary trading on regulated AndX exchanges globally, so eligible holders can buy and sell their interests rather than stay locked into a multi-year private investment

Behind the offering is an end-to-end model that AndX intends to apply to other asset classes. It runs from origination through U.S. structuring, digital issuance, global distribution and custody to secondary trading. AndX Global provides the technology, tokenization, exchange, custody, payments and distribution infrastructure.

“The next generation of capital markets won’t be defined by geography,” Raparthi said. “It will be defined by access.”

The asset: 54 hectares, 5 km from Bonifacio Global City

The project centers on about 54 hectares of waterfront land roughly 5 kilometers from Bonifacio Global City (BGC), Metro Manila’s leading business district. Proceeds will fund horizontal development, including roads, utilities, drainage and other core infrastructure, to prepare the site for future residential, commercial and mixed-use construction. A later phase is planned to include affordable housing.

Manila One is sponsored by Jack Rodriguez, a Filipino entrepreneur and President of ARC Pacific Development, Inc., whose family story spans generations and two countries. His ancestry traces to passengers associated with the Mayflower and America’s earliest Pilgrim settlers, while his own roots remain deeply connected to the Philippines. Rodriguez sees the project as a bridge between the United States and the Philippines.

“Major development opportunities in the Philippines have mostly been available to a small circle of institutions, developers and wealthy families,” said Rodriguez. “Manila One opens that up, starting with Filipinos around the world and extending to investors everywhere who want a stake in transforming a major Philippine asset.”

The project is advised by Romel C. Cañete, widely regarded as one of the early visionaries behind Manhattan’s Hudson Yards transformation. Cañete evaluated developer bids for more than 40 million square feet of mixed-use development over the West Side rail yards — work that helped shape what became one of the most successful and consequential urban redevelopment projects in modern New York City.

“On Hudson Yards, the first question was whether the infrastructure could carry the vision,” said Cañete. “Manila One starts in the same place. What’s different is who gets in on the ground floor. It’s not just a handful of institutions anymore, but investors around the world.”

Offering at a glance

Offering size: $100 millionUnderlying asset: about 54 hectares of waterfront land near BGC, Metro ManilaIndicated land value: more than $200 million, per Cuervo Valuers & Advisory, Inc. (appraisal dated February 3, 2026)Term: three yearsPreferred return: 8% per year, simple and non-compounding (24% over the three-year term)Additional upside: 100% return on investment tied to appreciation of the underlying land, subject to offering termsEligible investors: retail and institutional, in more than 190 countriesOffering documents and eligibility: andx.ai/m1

About Manila One

Manila One is a tokenized real estate offering tied to the horizontal development of about 54 hectares of waterfront land near Bonifacio Global City in Metro Manila. ARC Pacific Development, Inc. is the sponsor, and AndX Global provides the tokenization and distribution infrastructure. Learn more at andx.ai/m1. 

About AndX Global

AndX Global is a financial technology company expanding global access to financial markets and real-world assets. Its infrastructure spans licensed digital-asset trading, payments, tokenization, custody and liquidity. Its mission is to let investors trade any asset, anywhere, anytime. Learn more at andx.ai. 

Important disclosure

This communication is for informational purposes only. It is not an offer to sell, or a solicitation of an offer to buy, any security or investment product. Any offering will be made only under applicable securities laws and through definitive offering documents containing material information about the investment, its risks and its terms. Investing involves risk, including possible loss of principal. The preferred return is not guaranteed. Statements about liquidity, secondary trading, returns, appreciation or future value are forward-looking and not guaranteed. Secondary trading, if available, will be subject to securities laws, regulatory approvals, transfer restrictions and the availability of an appropriate venue. Securities-related activities in the United States, where applicable, will be conducted through appropriately registered entities.

Media contacts

United States

Roxanne Rittberg

roxanne@andx.ai

+1 (561) 544-7172

Philippines

Mikel Cañete

mikel@andx.ai 

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SOURCE Andx Global

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Veridian Credit Union adds Allstate Identity Protection to free credit monitoring tool

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45 minutes ago

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October 29, 2026

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New benefit gives members access to professional identity restoration support and monitoring tools

WATERLOO, Iowa, Oct. 29, 2026 /PRNewswire/ — Veridian Credit Union members now have complimentary access to Allstate Identity Protection through Credit Central, Veridian’s free credit monitoring tool within online banking.

The added support comes as identity theft is making a growing financial impact on U.S. consumers. Identity theft losses reached an all-time high of $27.3 billion in 2025, according to the 2026 Identity Fraud Study from Javelin Strategy & Research.

Veridian members who are enrolled in Credit Central and believe they are experiencing identity theft can now use identity fraud finder tools and work with a professional restoration specialist on monitoring high-risk transactions, dark web exposure and more. Monitoring for additional fraud continues for at least three months after a restoration case is resolved.

“Providing identity restoration support through a tool members already have access to is another way we can help them protect their financial lives and move forward with confidence,” said Mallory Paeper, Veridian’s manager of fraud and disputes. “Your financial well-being includes more than knowing your credit score. It also means having support when your personal information is compromised.”

The identity protection benefit expands the resources already available to Veridian members through Credit Central, Veridian’s free credit monitoring tool within online banking. Credit Central gives members access to their credit score and credit report, credit monitoring alerts and personalized tools designed to help them better understand and manage their credit. Credit Central is available to Veridian members within online banking at no cost, giving members easier access to credit information and identity protection as part of their everyday banking experience.

About Veridian Credit Union
Veridian Credit Union, founded in 1934 in Waterloo, Iowa, is a not-for-profit financial cooperative owned by the people who use its products and services – its members. Nationally recognized among the top credit unions in the U.S. for returning value, Veridian offers a full range of business and consumer financial services with 32 branches across Iowa, eastern Nebraska and the Minneapolis-St. Paul metro area. For details, visit veridiancu.org or call (800) 235-3228.

About Allstate Identity Protection
Allstate has been protecting what matters most for 90 years. Allstate Identity Protection provides identity restoration services and related support for users who experience identity fraud.

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SOURCE Veridian Credit Union

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SAJ Electric Honoured with EUPD Top Innovation Award at All-Energy

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45 minutes ago

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October 29, 2026

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The EK70 HS5 Series and EK90 HS5 Series were recognised in the Storage category

MELBOURNE, Australia, Oct. 30, 2026 /PRNewswire/ — SAJ Electric has received the EUPD Research Top Innovation Australia 2026 award in the Storage category for its EK70 HS5 Series and EK90 HS5 Series all-in-one home energy storage systems. The award was presented on SAJ Electric’s stand at All-Energy Australia 2026 at the Melbourne Convention and Exhibition Centre.

EUPD Research recognises products for technology advancement, innovation uniqueness, environmental impact, market disruption and practical applicability.

The EK70 HS5 and EK90 HS5 combine a hybrid inverter, LFP battery storage and backup in one modular system. Blind-mate connectors and a wireless meter cut installation cabling, and three-step app commissioning speeds setup. A built-in 63A bypass delivers whole-home backup without a separate backup box, switching in 10 ms or less. An independent DC/DC battery optimiser supports flexible expansion, and the elekeeper 5.0 platform coordinates solar, storage, EV charging and household loads. Both are available in single-phase and three-phase.

The award headlined two busy days for SAJ Electric across Stand M143 and a dedicated Strongman booth at E01. SAJ Electric ran live product demonstrations, partner sessions with its three national distributors, and a public strength challenge against Bradman Houston, Australia’s Open-weight Strongest Man of 2026. Bradman’s lifts include a 380 kg deadlift, 340 kg squat and 180 kg overhead press.

Highlights

CEC certification: DEKRA and CCS presented Clean Energy Council certificates for the EK70 HS5 and EK90 HS5 on stand, making them the first products approved under Australia’s new SA TS 5398 battery safety standard.CEO roundtable: SAJ Electric Chairman and CEO Samil Ouyang and Smart Energy Council CEO David McElrea discussed the direction of Australia’s home battery market and how manufacturers can better support installers.Beat the Strongest Man: Booth E01 drew some of the biggest crowds of the show as visitors stepped up to the high striker against Bradman. Anyone who out-hit him took home a pair of Shokz headphones.Nine live demos: SAJ Electric’s technical team ran scheduled sessions across both days on residential storage, the elekeeper energy management platform, and commercial and industrial solutions.Distributors on board: One Stop Warehouse, Supply Partners and Tradezone showcased SAJ Electric products on their own stands, with SAJ Electric technical staff at each throughout.Media on stand: SAJ Electric hosted briefings, interviews and content capture with RenewEconomy, pv magazine, EcoGeneration, SunWiz, Solar Cutters, OpenSolar, Your Energy Media, Techmanpat and the Smart Energy Council, plus a booth tour and interview with Glenn Morris, founder of Smart Energy Lab, who recently installed and tested the EK70 HS5 on his YouTube channel.

The Strongman activation built on SAJ Electric’s ongoing work with Bradman, who earlier this year fronted an SAJ Electric video series with the Sydney Solar & Electrical crew on stretching, lifting technique and health tips for installers who move heavy batteries and panels every day.

SAJ Electric thanks every installer, partner and visitor who came by Stand M143 and the Strongman booth.

About SAJ Electric

Guangzhou Sanjing Electric Co., Ltd. (SAJ Electric) is a global manufacturer of solar inverters, energy storage systems and smart energy management solutions. In Australia, SAJ Electric products are available through One Stop Warehouse, Supply Partners and Tradezone. Learn more at au.saj-electric.com.

Media contact

Bella He
APAC & MENA Regional Head of Marketing
Guangzhou Sanjing Electric Co., Ltd.
No.9 Lizhishan Road, Guangzhou Science City, Guangdong, P.R. China 510663
Mobile: +86 188 2508 2693
www.saj-electric.com

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