All-Flash Array Market Research Report - Industry Forecast till 2027

All-Flash Array Market Research Report: By Storage Pattern (File, Object, Block), Flash Media (Custom Flash Module, Solid-State Drive), End User (BFSI, Healthcare, Media & Entertainment, Commercial Institute, Government, Others) Industry Forecast till 2027.

ID: MRFR/SEM/6185-HCR | February 2021 | Region: Global | 100 pages

All-Flash Array Market Synopsis:


The all-flash array market is expected to grow from USD 5.78 billion in 2018 to USD 16.21 billion by 2024, at a CAGR of 20.56%, during the forecast period.


All-flash array is a drive that uses flash memory to store data for an extended period. All-flash memory is gradually replacing hard disk drive storage as primary memory owing to superior performance and low power consumption. Factors such as increased flexibility, ease of installation, low maintenance, and compactness have increased its adoption across the globe. Furthermore, advances in technologies such as artificial intelligence and machine learning promote the use of all-flash array to meet the growing need for real-time data processing.


The All Flash Array Market has been segmented based on storage pattern, flash media, end user, and region.


By storage pattern, the all-flash array market has been segmented into file, object, block. All-flash array market for block storage is expected to dominate during the forecast period owing to its diverse end-use applications that require multiple transactions in real time. Furthermore, benefits such as increased scalability, ease of management, built-in data protection, and high performance offered by block storage make it the most preferred storage solution across the globe.


By flash media, the All Flash Array Market has been segregated into custom flash modules (CFM) and solid-state drives (SSD). The SSD segment dominated the market in 2018. However, the CFM segment is expected to register the highest CAGR during the forecast period owing to the benefits it offers such as superior space and power efficiency, competitive pricing, improved capacity density, and flexibility.


By end user, the All Flash Array Market has been segmented into BFSI, healthcare, media and entertainment, commercial institutions, government, telecom, and others. The BFSI segment is expected to dominate the all-flash array market during the forecast period owing to the growing adoption in the developing regions that are increasingly investing in upgrading their existing traditional storage solutions.


The key players profiled in the all-flash array market research report are 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), and Micron Technology, Inc. (US).


The players of all-flash array market primarily focus on growth strategies such as partnerships, mergers, acquisitions, and new product development to enhance their product offerings and expand their market reach. For instance, in 2018, IBM Corporation launched all-flash multi-cloud storage product models—FlashSystem 9110 and FlashSystem 9150. These products are a fusion of high-performance storage technologies that combine low latency IBM flashcore technology with multi-cloud software-defined IBM spectrum storage solutions.


All-flash Array Market All Flash Array Market


 


Source: MRFR Analysis


Segmentation



  • By storage pattern, the All Flash Array Market has been segmented into file, object, block.

  • By flash media, the market has been segmented into custom flash module and solid-state drive.

  • By end user, the market has been segmented into BFSI, healthcare, media and entertainment, commercial institutions, government, telecom, and others.

  • By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.


Regional Analysis


The all-flash array market is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographical analysis of the all-flash array market is done for North America, Europe, Asia-Pacific, and the rest of the world. 


Asia-Pacific is expected to dominate the All Flash Array Market from 2019 to 2024 owing to the increasing automation across different industry verticals that demand of all-flash array that offer benefits such as data computing, processing, and storage. Furthermore, rise in the number of data centers in the region coupled with availability of low-cost raw materials promote mass production of low-cost all-flash array in the region.


The Middle East is expected to register the highest CAGR in the all-flash array market during the forecast period owing to the growing demand for data storage to adopt advanced operations through data analytics across end-use verticals such as energy and media and entertainment. Furthermore, growing demand for all-flash array from the oil & gas industry for advanced data computing, processing, and storage solutions to analyze seismic data is expected to propel the demand for all-flash array in the region.


Competitive Analysis


The key players have adopted partnerships and new product development as a part of their organic growth strategy to further strengthen their market position. For instance, in 2018, Dell Technologies, a provider of all-flash array, launched a new non-volatile memory express storage array— PowerMax. A single array deployment delivers up to 10 million IOPS and bandwidth of up to 150GB per second.


Key players


The prominent players in the all-flash array market are 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).


Intended Audience:



  • Semiconductor product designers and fabricators

  • Application providers

  • Business providers

  • Research institutes

  • Market research and consulting firms

  • Technology investors

  • Governments and financial institutions

  • Analysts and strategic business planners



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 16.21 Billion
  CAGR   20.56%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Storage Pattern, Flash Media, End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities   Advances in technologies such as artificial intelligence and machine learning.
  Key Market Drivers

  • Increased flexibility, ease of installation, low maintenance, and compactness have increased its adoption.
  • Increasing demand for automation across different industry verticals


  • Frequently Asked Questions (FAQ) :


    Western Digital Corporation (US), Huawei Technologies Co. Ltd (China), Hitachi, Ltd (Japan), Kaminario (US), Oracle Corporation (US), Micron Technology, Inc. (US) and Cisco Systems, Inc. (US) are the notable contenders in the market.

    A CAGR of 20.56% is expected to modernize the market in the coming years.

    The Asia Pacific region is transforming the market owing to the growing automation across diverse industry verticals.

    The segments in the market are storage patterns, flash media, end-user, and regions.

    The ease of low maintenance, installation, and compactness are estimated to create a favorable momentum in the market.