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.
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Primary Drivers and Main Barriers
The widespread deployment of All-Flash Array Market Share 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.
The rising focus on product innovation and customer base expansion are some of the top marketing strategies being employed by the leading vendors in the all-flash array market, which can also induce major business growth in the coming years. To draw in more number of customers, several firms are developing and launching products with better features, offering software solutions and upgrades that ease storage migration. For instance, in June 2020, StorOne launched All-Flash Array.next/AFAn, which combines cheaper priced capacity quad-level cell SSDs with high-performance Optane drives.
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.
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.
Since the advent of COVID-19 outbreak and the consequent lockdowns imposed, people have been adopting new methods of studying, working and communicating via videoconferencing along with various advanced technologies. These trends have been beneficial for the semiconductor industry, giving way to growth possibilities for components like all-flash arrays. As a backup, several governments across the globe have been providing incentives as well as subsidies. Although there has been decline in spending by semiconductor customers, the demand for all-flash arrays can remain strong, given the rising need for innovative products that are easy to install, require less maintenance, and are compact.
Latest News
June 2020
Product development seems to be the most favored strategy adopted by market vendors. A case in point being Pure Storage, a renowned all-flash storage array developer, who has recently upgraded the storage software of its FlashArray range of storage systems, adding to its unified block and file features. The company has also boosted its ability to conduct consistent data replication for active disaster recovery.
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