Enterprise Flash Storage Market 2021 Evolving Technology and Growth Outlook - Violin Memory LLC, Oracle Corporation, Dell Inc.(Dell EMC)
The enterprise flash storage market is expected to register a CAGR of 13.67% during the forecast period 2020 to 2025.
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Top Leading Companies of Enterprise Flash Storage Market are Pure Storage, Inc., Violin Memory LLC, Oracle Corporation, Dell Inc.(Dell EMC), Hewlett Packard Enterprise Development LP (HPE Nimble Storage), Nimbus Data Systems Inc., Western Digital Corporation, IBM Corporation, LSI Corporation, Fusion-IO, Inc., Huawei Technologies Co., Ltd. and others.
Industry News and Updates
- May 2020: Dell Technologies Inc announced the introduction of new addition Dell EMC PowerStore to its midrange all-flash enterprise storage space. The solution offers new sets of features, such as its ability to run the applications on the storage hardware itself and free upgrade. It is reported to be at least seven times faster and three times low latency as compared to other Dell EMC storage arrays as it is designed with faster NVMe Protocol and, additionally, supports the storage-class memory through Intel Optane solid drives.
Key Market Trends
IT & Telecom Expected to Hold Major Market Share
The IT industry is the largest segment by market value in the flash storage market and is expected to be the highest grosser by the end of the forecast period. Demand for flash devices will remain stable in both the client and the enterprise markets for the next few years, owing to the advancements in technology, and this will likely increase the availability of better technology at a lower price. Rapid growth in the usage of storage devices is justified by the companies' increased amount of data being generated and processed. 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, and the usage of storage devices has moved into almost every area of the data center, and penetrated different areas within IT.
- HDDs are not exhausted in the market, and they still hold a considerable share. The IT industry relied immensely on the hard drives to store data before the evolution of cloud and online drives. The rate of growth of flash storage devices is significantly higher in the market. This transformation is slowly underway, but an effective solution to store data physically enables data security more than any other online database that is used for storage.
Regional Outlook of Enterprise Flash Storage Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Enterprise Flash Storage Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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