Press release
All Flash Storage Market Segmented By component Solution, Services; By storage capacity Less than 15TB, 15TB-30TB, Greater than 30TB; By enterprise type Large Enterprises, Small- and Medium-sized Enterprises
With increasing digitalization and establishment of various new enterprises, the demand for enhanced, secured, and faster storage devices has been witnessed in the IT industry vertical. Owing to this demand and continuous advancements in innovation technology, the introduction of flash memory was witnessed in the market. Since their inception, a considerable adoption rate of flash memory storage devices has been witnessed, especially in technologically advanced and developed regions such as North America and Europe.
With an intention of catering to various types of enterprises, different types of flash memory arrays are now available in the market, i.e. hybrid flash storage arrays and all flash storage arrays. A transition from conventional hard disk drives has been witnessed since the introduction of all flash storage arrays in various enterprises, especially large enterprises. All flash storage arrays make use of only flash media for data and information storage, and enable a user to perform data management and data protection directly on the array hardware for offering an enhanced experience to the end user.
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The all flash storage market has witnessed considerable traction in the past four years, in terms of value. In addition to this, all flash storage is, furthermore, expected to exhibit a double digit growth rate during the forecast period, owing to the increasing demand and adoption witnessed for the same, especially from small- and medium-sized enterprises.
All Flash Storage Market: Market Dynamics
Increasing awareness about all flash storage and the establishment of various IT infrastructure and enterprises across the globe has posed a high demand for the same across various industry verticals. In addition to this, an affinity for adopting technologically advanced products is also a factor impelling the demand for all flash storage. The advantages associated with all flash storage arrays such as low latency rate, faster speed, low energy consumption, enhanced (offers full bandwidth performance) performance, low latency, etc., are also some of the factors boosting the growth of the all flash storage market in terms of revenue.
Besides these, continuous investments in research and development activities of all flash storage is being witnessed across the globe by major vendors in the global all flash storage market.
However, the high cost associated with all flash storage is considered to be a major factor challenging the adoption of the same across some countries. As a result, this is expected to be the primary restraining factor for the global all flash storage market.
The small- and medium-sized enterprises sub-segment of the enterprise type segment in the global all flash storage market is expected to exhibit the highest growth rate during the forecast period. However, the large enterprises sub-segment of the enterprise segment is expected to dominate the global all flash storage market in terms of value throughout the forecast period.
All Flash Storage Market: Key Players
Some of the key players in the all flash storage market are Dell EMC, Hewlett Packard Enterprises, Hitachi, IBM Corporation, Kaminario, NetApp, Nimbus Data, Pure Storage, Inc., Skyera, Inc., Violin Systems LLC, Tegile (Western Digital Corporation), and a few others.
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All Flash Storage Market: Regional Overview
By geography, the all flash storage market can be segmented across North America, Latin America, Western Europe, Eastern Europe, China, Japan, SEA and Others in Asia Pacific, and Middle East & Africa. Among these regions, North America is expected to dominate the global all flash storage market during the forecast period, owing to the presence of various all flash storage solution providers and high adoption of the same in the region.
Asia Pacific and Europe are expected to follow North America in the global all flash storage market in terms of revenue, owing to increasing industrialization, economic growth, and establishment of various small- and medium-sized enterprises in these regions. China is however expected to exhibit the highest growth rate during the forecast period in the global all flash storage market. Besides this, Latin America and MEA are also expected to witness considerable growth rates during the forecast period in the global all flash storage market.
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