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?tween 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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Since the outbreak of novel coronavirus, All-Flash Array Market 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. To deal with the challenges posed by the pandemic, the players are continuously devising strategies to reimagine their business models.
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.
Primary Drivers and Main Barriers
The widespread deployment of All-Flash Array Storage Market 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.
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.
The All-Flash Array Storage Market 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.
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 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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