Enterprise Flash Storage Market Astonishing Growth with Top Influencing Key Players like Pure Storage, Inc., Violin Memory LLC, Oracle Corporation

Latest research on Enterprise Flash Storage Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2022 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Enterprise Flash Storage market. This report included a special section on the Impact of COVID19. Also, Enterprise Flash Storage Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Enterprise Flash Storage industry.

Enterprise Flash Storage Market is growing at a CAGR of 13.67% during the forecast period (2021-2026).

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The Enterprise Flash Storage market is highly competitive and consists of a number of major players. Top Companies like 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. (Huawei Enterprise

Industry News And Developments:

- 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.

Regional Analysis:

Furthermore, to broaden the understanding, researchers have studied the global Enterprise Flash Storage market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.

Enterprise Flash Storage Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.

Scope of the Report

- The growth in data generated by the enterprise, coupled with the growing adoption of cloud technology, is expected to drive the market. The adoption of flash storage is continuing to grow in enterprise data centers across the world, added with the advantages in terms of power consumption, performance, scalability, and ease of management are boosting the adoption rate. It is projected that by 2022, over 72% of the organizations are expected to migrate to cloud data centers from on-premise data centers.

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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.

Asia-Pacific Region Expected to Witness Significant Growth

Asia-Pacific is expected to witness the highest adoption rate, owing to a growing number of enterprises and international storage vendors entering the market. The ever increasing adoption of cloud computing drives the region in the enterprises and the growth in the data generated and data centers in the region.

- The region is poised to witness the fastest growth rate, owing to developments in India and China. Over the years, with the rise in internet penetration in India. The region is seeking cloud adoption to leverage the increasing need for business innovation and agility, and the ability to scale in the competitive market followed by government thrust towards digital India.

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.

–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.

–Analytical Tools: 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, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

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