Press release
Flash Based Array Market Key Trends and Opportunities | Key Players | IBM Corporation, Oracle Corporation, Pure Storage, Inc., Hewlett Packard Enterprise Development LP, Fujitsu Limited, Hitachi Data Systems Corporation, Huawei Technologies Co. Ltd., Dell
Key Driver Insights
• Shrinking cost and impressive performance capabilities of flash arrays have emerged as the two most favourable growth factors providing an impetus to the global flash-based array market.
• Widespread use of flash-based arrays for high-intensity transactional workloads and development of virtual storage infrastructure is likely to drive the sales of flash-based array worldwide.
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Key Trends and Opportunities
Robust adoption of mobile devices, cognitive systems, machine learning, cloud computing, Internet of Things (IoT), and artificial intelligence is necessitating real-time data processing to enable resourceful service delivery along with the flexibility of time. Another significant trend identified was that star-ups hold an important position in the market as these enterprises provide cutting edge storage solutions through flash-based SSD capable of storing data on a solid-state flash memory.
Highlights: Segment Analysis
• In terms of volume, the hybrid flash array is expected to remain the largest product type segment throughout the assessment period. Whereas, the all-flash array segment is anticipated to witness a stout CAGR of 27.9% to reach a market valuation of US$ 17,882.4 Million by 2024-end
• Based on storage capacity, flash arrays between 100 and 500 TB held nearly 24.2% share of the market in 2015 and is anticipated to register the highest CAGR during the forecast period.
• Demand for flash based arrays was notably high from the BFSI sector in 2016 and the sector is expected to maintain similar stance throughout the forecast period. Media and entertainment is one of the other fastest growing end-user segments in flash based array market owing to increasing adoption of flash based arrays in media and entertainment industry spread across North America, Europe and Latin America region.
• Based on enterprise type, in 2015, large enterprises segment accounted for over 68% revenue share of the market and is expected to remain at the top spot through 2024. Meanwhile, the SMEs segment is projected to increase at a CAGR of 22.3% over the forecast period.
“Global flash-based array market is expected to witness significant revenue growth during the forecast period. This growth is attributed to increasing demand for cost-effective and high-performance flash array in data centre and enterprises data services” ---- PMR
Company Profiles
• Products/Brand Offerings
• Key Financial Indicators
• Key Developments
• Key Strategies
• SWOT Analysis
Regional Market Analysis
On the Basis of regions, the market in North America is expected to remain dominant over the forecast period, commanding for a massive revenue share by the end of the forecast period. Similarly, Latin America market is also expected to register a healthy CAGR of 22.8% in terms of revenue during 2016 to 2024. This is primarily attributed to the rapid adoption of flash-based array systems in healthcare BFSI, media entertainment and telecom sector in the region. The Middle East & Africa (MEA) is another region set to witness strong growth of its flash-based array market, expanding at over 22% CAGR during the forecast period.
Flash Based Array Market : TOC
1.Executive Summary
2.Assumptions & Acronyms Used
3.Research Methodology
4.Market Overview
4.1.Introduction
4.1.1.Market Definition
4.1.2.Market Taxonomy
4.2.Flash Based Array Market Dynamics
4.2.1.Drivers
4.2.2.Restraints
4.2.3.Trends
4.2.4.Opportunities
4.3.Value Chain
4.4.Global Flash Based Array Market Forecast, 2016-2024
4.4.1.Flash Based Array Market Size (Value) Forecast
4.4.1.1.Y-o-Y Growth Projections
4.4.1.2.Absolute $ Opportunity
4.5.Flash Based Array Market Snapshot (2015)
4.5.1.Market overview By Product Type
4.5.2.Market overview By Enterprise Type
4.5.3.Market overview By Storage Capacity
4.5.4.Market overview By End-user Vertical
4.5.5.Market overview By Region
5.Global Flash Based Array Market Analysis, By Product Type
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This research report provides detailed analysis of the global flash-based array market and offers insights on the various factors driving popularity of these products and solutions. The market study provides comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on flash-based array products across different regions globally. The report starts with an overview of the global flash-based array market. In addition, this section includes an analysis of the value chain, key drivers, and challenges influencing the flash-based array market globally.
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ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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