Solid State Drives and Smartphones are Still Big Business

Solid State Drives and Smartphones are Still Big Business

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Solid State Drives are going to be big and Smartphones will still be huge in the coming years.

According to , a research intelligence firm,  solid state drive market is expected to reach USD 25.30 Billion by 2022, at a CAGR (compounded annual growth rate) of 9.5% between 2016 and 2022.

Solid State Drive

Solid State Drives (SSDs)  don’t contain an actual disk nor a drive motor to spin a disk. It uses an integrated circuit assemblies as memory to store data persistently.  The result is faster loading times and access to data on the drive.

The report says that  small to large companies with high IT infrastructure expenditures will largely drive the SSD growth but so will consumer electronics such as notebooks/laptops, tablets, and desktop PCs.

With that kind of growth, we’ll likely see a drop in solid state drives.  Currently a 320GB SSD drive costs P3,995 but in the near future, we’ll be able to get a 1TB for probably less than that.

Check the rest of the report here

As for smartphones, well, GfK, a market intelligence firm, says that global smartphone demand hit 368m units in Q4 2015. That’s  up 14% quarter-on-quarter and up six percent year-on-year. We reported back then smartphone uptake could be slowing down. And it happened. Smartphone revenues plateaued year-on-year at US$115 Billion due to average selling price (ASP) declines of six percent year-on-year for Q4 2015.

Lenovo PHAB Plus Phablet

Still it’s not gloom and doom. While the rest of the world is getting a little cold on smartphones, the Asia Pacific region (that includes us in the Philippines) will still be growth market. The GfK report says taht APAC remains the primary growth driver in the global smartphone market, with 21 percent year-on-year unit growth in Q4 2015.

That only means that we’ll get more smartphone models and it will get cheaper.

For more information on the report, click here.

These reports will only mean one thing for Smart Homes owners. They’ll have access to better drives and smartphones. And getting one won’t cost an arm or a leg.

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