Market Overview
Market Research Future (MRFR) evaluates the value of all-flash array market 2020 to be USD 16.21 billion by 2024. The market is also anticipated to advance at a noteworthy rate of 20.56% between 2019 and 2024, which is the assessment period. We will provide COVID-19 impact analysis with the report. The COVID-19 impact on the market has been carefully studied, following which the report outlines the key developments post the coronavirus disease outbreak.
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Segmental Review
The All-Flash Array Market Share can be considered for storage pattern, flash media and end user.
The storage patterns specified in the study are block, object and file. The block storage segment has the potential to secure the leading spot in the market given its rising use in various end-use applications that demand several transactions in real time. Also, ease of management, increased scalability, high performance and built-in data protection benefits that block storage offers have made it a sought after component in the market.
Depending on flash media, the categories include solid-state drives (SSD) and custom flash modules (CFM). In 2018, the leading segment was identified to be SSD, but the highest expansion rate is expected to be clinched by the CFM segment during the conjectured period. CFM provides multiple benefits that include wide space and better power efficiency, more affordability, boosted capacity density as well as flexibility and more.
Key end users in the worldwide industry include telecom, media and entertainment, healthcare, government, BFSI, commercial institutions, and others. It is projected that the top segment in the market can be that of BFSI, thanks to the mounting consumption of these semiconductors across the BFSI industry yin emerging regions and the rising spending on development of existing traditional storage solutions by these areas.
Regional Insight
The regional segmentation of the all-flash array market comprises Europe, North America, APAC/Asia Pacific, and RoW/the rest of the world.
Between 2019 and 2024, the market leader across the globe can be APAC, as a result of the surge in automation across several industries make huge demand for all-flash array. Also, the expanding pool of data centers across India and China combined with the easy availability of lower priced raw materials encouraging large-scale production of affordable all-flash arrays boost the industry outlook of the region.
Interestingly, the MEA market (which comes under RoW market) can post the highest advancement rate in the upcoming years because of the soaring demand for all-flash arrays across industries like media and entertainment and energy. Also, the oil & gas sector has emerged as a significant end-user in the regional market, with rising need for superior data processing, storage and computing solutions to review seismic information.
Renowned Players
Renowned players recognized in the market research include Pure Storage (US), Cisco Systems, Inc. (US), Fujitsu Ltd (Japan), Vexata Inc. (US), E8 Storage (US), Hitachi, Ltd (Japan), Kaminario (US), IBM Corporation (US), Huawei Technologies Co. Ltd (China), Dell Technologies (US), Violin Systems (US), Micron Technology Inc. (US), Western Digital Corporation (US), Hewlett Packard Enterprise (US), NetApp Inc. (US), Oracle Corporation (US), and more.
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According to the new research report "All-Flash Array Market by Flash Media (Custom Flash Module (CFM) and Solid-State Drive (SSD)), Storage Architecture/Access Pattern (File, Object, and Block), Industry (Enterprise, Government, cloud, and Telecomm), and Geography - Global Forecast to 2023", The all-flash array market was valued at USD 5.9 billion in 2018 and is expected to reach USD 17.8 billion by 2023, at a CAGR of 24.53% from 2018 to 2023.
Major growth drivers are increasingly being used in data centers.
Moreover, increasing need for real-time data processing and increasing deployment of AFA storage in artificial intelligence (AI) and machine learning (ML) applications are expected to fuel the growth of the market in the coming years.
Issues related to performance and drive failure are acting as a major challenge for the growth of the all-flash array market Browse 67 market data Tables and 38 Figures spread through 145 Pages and in-depth TOC on "All-Flash Array Market - Global Forecast to 2023" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=41080938 CFM based AFA market to grow at highest CAGR during forecast period CFM currently hold less share in the AFA market; however, it is expected to grow at a faster rate.
Brazil and other Middle Eastern countries are expected to grow considerably in aerospace & defense, energy, education & research, and media & entertainment, generating demand for data storage to adopt the advanced operations through data analytics.
Key players in the AFA market include Dell (US), Hewlett Packard Enterprise (HPE) (US), NetApp (US), Pure Storage (US), IBM (US), Huawei (China), Western Digital (US), Hitachi (Japan), Kaminario (US), and Micron (US).
Market OverviewAccording to Market Research Future, the market for all-flash array market has been segmented on the basis of storage pattern, flash media, end user, and region.All-Flash array is a storage drive that uses flash memory to store data for an extended period.
The key benefits offered by all-flash array are high performance, low power consumption, increased flexibility, easy installation, low maintenance, and reduced size among others.
In the same year, Dell Technologies launched a new non-volatile memory express storage array— PowerMax.Based on the storage pattern, the market has been segmented into file, object, block.
The growth is attributed to its benefits which include increased scalability, ease of management, built-in data protection, and high performance offered by block storage which makes it the most preferred storage solution across different end-use verticals.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/7654Based on flash media, the market has been segregated into custom flash modules (CFM) and solid-state drives (SSD).
SSD segment held the highest market share in 2020 whereas the CFM segment is expected to register the highest CAGR during the review period.
The growing adoption of CFM is owing to the benefits it offers which include improved space efficiency, better power performance, competitive pricing, improved capacity density, and flexibility among others.Based on end user, the market has been segmented into BFSI, healthcare, media and entertainment, commercial institutions, government, telecom, and others.
All-Flash Array Market 2021-2027New Study Reports " All-Flash Array Market 2021, Global Key Players Analysis, Share, Trends, Future Opportunities Forecasts 2027" has been Added on MarketResearchFuture.Report OverviewThis published report for the All-Flash Array Market analyzes and forecasts the marketing statistics of the product/service market on a global as well as the regional level.
In addition to this, the report also studies the opportunities that are available in the report at the global level.
Drivers & ConstraintsThe All-Flash Array Market introduces the building blocks of the report with the influence of market dynamics and functioning and a need to understand customer behavior.
The growth is attributed to its benefits which include increased scalability, ease of management, built-in data protection, and high performance offered by block storage which makes it the most preferred storage solution across different end-use verticals.Key PlayersThe report has profiled some of the Important players prevalent in the global like – Dell Technologies (US), Hewlett Packard Enterprise (US), NetApp, Inc. (US), Pure Storage (US), IBM Corporation (US), Huawei Technologies Co. Ltd (China), Western Digital Corporation (US), Hitachi, Ltd (Japan), Kaminario (US), Micron Technology, Inc. (US), Oracle Corporation (US), Cisco Systems, Inc. (US), E8 Storage (US), Violin Systems (US), Fujitsu Ltd (Japan), and Vexata Inc. (US) and more.This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the All-Flash Array.Complete Report Details@ https://www.marketresearchfuture.com/reports/all-flash-array-market-7654 Based on flash media, the market has been segregated into custom flash modules (CFM) and solid-state drives (SSD).
SSD segment held the highest market share in 2018 whereas the CFM segment is expected to register the highest CAGR during the review period.
The BFSI segment is expected to dominate the All-Flash Array Market during the forecast period owing to growth in the adoption of all-flash arrays in developing nations that are increasingly investing to upgrade their existing storage solution.
The market is also anticipated to advance at a noteworthy rate of 20.56% between 2019 and 2024, which is the assessment period.
The COVID-19 impact on the market has been carefully studied, following which the report outlines the key developments post the coronavirus disease outbreak.COVID-19 AnalysisSince the outbreak of novel coronavirus, all-flash array vendors have been working on securing their supply chains, and deal with various pressing concerns.
Although the lockdown is still in place and the social distancing is still prevalent, market leaders are preparing for the time when the spread of SARS-CoV-2 diminishes the things start to recover.
As a backup, several governments across the globe have been providing incentives as well as subsidies.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/7654 Primary Drivers and Main Barriers The widespread deployment of all-flash arrays in data centers is touted to be a chief boosting factor in the worldwide market.
With enterprises shifting their data to the cloud-based storage, storage infrastructure such as all-flash array has been observing massive boost since then.
These semiconductors are in high demand across diverse industries such as healthcare, telecom, BFSI, and more, to facilitate better-performance computing and storage workloads.Moreover, growing prevalence of advanced technologies such as machine learning and artificial intelligence is encouraging the use of all-flash arrays for catering to the mounting requirement for real-time data processing.
