SEOUL, June 7 (Korea Bizwire) — South Korean tech giant Samsung Electronics is expected to further cement its lead in the global solid state drive (SSD) market this year, far outstripping Intel and other rivals, industry data showed Sunday.
Samsung’s revenue from the segment will likely reach US$4.57 billion this year, grabbing 35 percent of the world market, according to the data by market tracker IHS.
In comparison, Intel and U.S. SanDisk are projected to post $2.25 billion and $2.2 billion in sales, respectively, with their market shares likely to reach 17 percent each.
The researcher said Samsung will slightly widen its gap with Intel in 2016 by garnering a 35 percent share, while the U.S. firm will claim 16 percent.
A SSD is a data storage device made with a NAND flash memory chip that saves data without power present and is more durable and faster than a hard disk drive.
IHS predicted the portion of SSDs used in notebooks will exceed 50 percent in 2017, up from this year’s 30 percent.
Samsung has been tapping deeper into the global SSD market, rolling out the portable T1 lineup earlier this year. While the company has been leading the SSD market by mainly targeting business clients, it also has begun to produce lighter SSDs for mass consumers on growing demand.
Industry watchers expect global demand for SSD products to reach 220 million units in 2019, more than double the 83 million units in 2014.