|03-14-2019 10:00 PM CET - IT, New Media & Software||
Future Outlook of Enterprise Flash Storage Market Poised to Achieve CAGR of 13.67% by 2023 – Top Key Players (Pure Storage, Virident Systems, Violin Memory, Oracle, NetApp, EMC, Nimbus Data Systems)
Press release from: Market Prognosis
Marketprognosis.com Publish a New Market Research Report On “Global Enterprise Flash Storage Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.
Overview of the Global Enterprise Flash Storage Market:
The Global Enterprise Flash Storage Market expected to register a CAGR of 13.67%, during the forecast period (2018-2023).
A huge amount of raw data is being generated everyday, leading to data storage crisis for the companies. The enterprises storage market is presently the most active place; storage users have been subjected to repeated hype for the last couple of decades. People have shifted from hard disk drives (HDDs) to solid-state drives (SSDs); they are further expected to move towards the upcoming all-flash arrays (AFAs). Enterprises are trying to figure out a way to deploy approaches to gain maximum return on investment strategically. There has been a rapid growth in the flash drive revenues over the last few years, with enterprise storage devices recording a 50% annual growth per year.
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Growing Need for Devices That Perform Better is the Major Driver for the Market; Information is a critical business resource, and like any other critical resource, it must be properly managed and protected. Information storage and exchange needs to be secure to ensure an efficient record management. The dire need for faster and robust devices to process and store data is rising rapidly as the amount of data being generated is growing at an unparalleled rate owing to the technological advancements. The need for faster performing devices has led to the implementation of the idea of flash storage. Flash is a memory type that works efficiently and quickly as compared to the conventional HDDs, without continuous power.
IT industry is expected to Hold Major Market Share; Rapid growth in the usage of storage devices is justified by the increase of data being generated and processed by the companies. SSDs were primarily being used either in consumer devices, or to add a little boost in the performance to a server or storage array. The market has evolved considerably since then, as research proves that the usage of storage devices has moved into almost every area of the data center and penetrated into different areas within IT.
Regionally, North America is the region where most of the companies have their origin, and hence have developed a base to experiment before adopting it on a large scale all over the world. A lot of active data in the enterprise data center is moving from the legacy disk to the flash implementations. Upcoming startups in the whole of Silicon Valley are bent on developing products. Hence, they generate huge customized data sets. Moreover, as corporate espionage on any scale is dangerous, having a physical data storage device is always more helpful than storing it in cloud or online drives. Flash storage is evolving continuously and rapidly at a rapid pace and these rapid advancements will drive the price of this expensive technology lower, thus, making it a much more widely used tool by the enterprises, which cannot afford it. Small and medium sized companies rely on faster access and processing of huge amounts of raw data, which make flash storage devices the ideal solution.
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Major Key Players:
1 Pure Storage
2 Virident Systems, Inc.
3 Violin Memory
4 Oracle Corporation
5 NetApp Inc.
6 EMC Corporation
8 Nimble Storage Inc.
9 Nimbus Data Systems Inc. and More…………..
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This study answers to the below key questions:
1 What are the key market trends?
2 What will the market size be in 2023 and what will the growth rate be?
3 What are the strengths and weaknesses of the key vendors?
4 Who are the key vendors in this market space?
5 What is driving this market?
6 What are the market opportunities and threats faced by the key vendors?
7 What are the challenges to market growth?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Enterprise Flash Storage Market.
Table of Contents:
2 Executive Summary
3 Enterprise Flash Storage Market Overview
4 Enterprise Flash Storage Market Dynamics
5 Enterprise Flash Storage Market Segmentation
6 Vendor Market Share
7 Company Profiles
8 Investment Analysis
9 Future of the Market
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