Press release
The Global Flash-Based Array Market was valued at nearly US$ 15 Bn in 2015 and is expected to reach nearly US$ 63 Bn by 2024 end
The Persistence Market Research (PMR)'s outlook on "Flash-based Array Market: Global Industry Analysis and Forecast, 2016-2024" indicates that the global market for flash-based arrays is set to ride on a robust CAGR of 18% between 2016 and 2024 to reach US$ 62,840.2 Million by 2024-end.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.
Request For Report Sample - https://www.persistencemarketresearch.com/samples/12682
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.
For in-depth competitive analysis, buy now - https://www.persistencemarketresearch.com/checkout/12682
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
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.
Request For Report Customization - https://www.persistencemarketresearch.com/request-customization/12682
Competitive Dashboard
The PMR report delivers key insights on the current position and recent undertakings of leading vendors in the global flash-based array market. Some of the prominent players in the market include IBM Corporation, Oracle Corporation, Pure Storage, Inc., Hewlett Packard Enterprise Development LP, NetApp, Inc., Fujitsu Limited, Hitachi Data Systems Corporation, Huawei Technologies Co. Ltd., Dell EMC, Kaminario Inc., Tegile Systems, Inc., and Tintri, Inc.
More Related Link -
Consumer Mobile Payments Market - https://www.persistencemarketresearch.com/market-research/consumer-mobile-payments-market.asp
Torque Sensors Market - https://www.persistencemarketresearch.com/market-research/torque-sensors-market.asp
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release The Global Flash-Based Array Market was valued at nearly US$ 15 Bn in 2015 and is expected to reach nearly US$ 63 Bn by 2024 end here
News-ID: 2662419 • Views: …
More Releases from Persistence Market Research
Decor Paper Market Size to Reach US$7.5 Billion by 2033 - Persistence Market Res …
The decor paper market has evolved into a vital segment of the global specialty paper and interior surface materials industry, serving as a key enabler of modern aesthetic design across furniture, laminates, flooring, and interior decorative applications. Decor paper is primarily used as a printed base layer in laminates and surface finishes to enhance visual appeal while offering durability and resistance to wear. With rapid urbanization, growth in residential and…
Middle East & Africa Generator Market to Reach US$5.2 Billion by 2033 - Persiste …
The Middle East & Africa Generator Market is witnessing sustained expansion as countries across the region continue to grapple with grid unreliability, rising electricity consumption, and large scale infrastructure development. Generators remain a critical component of the regional power ecosystem, serving as both primary and backup power sources across residential, commercial, industrial, and utility sectors. In many African nations, limited grid penetration and frequent power outages make diesel and gas…
Resin Moulds Market Size to Reach US$6.3 Billion by 2032 - Persistence Market Re …
The resin moulds market has emerged as a vital segment within the broader manufacturing and materials industry, driven by the rising need for precision shaping, customized designs, and flexible production processes. Resin moulds are widely used in industries such as jewelry, automotive, crafts, construction, consumer goods, and industrial components due to their durability, dimensional accuracy, and adaptability to complex shapes. With the rapid adoption of advanced manufacturing techniques and growing…
Power System Simulator Market to Reach US$2.6 Billion by 2033, Growing at 6.1% C …
According to the latest study by Persistence Market Research, the global power system simulator market is expected to be valued at US$ 1.7 billion in 2026 and is projected to reach US$ 2.6 billion by 2033, expanding at a CAGR of 6.1% between 2026 and 2033. Market growth is primarily driven by rising global electricity demand, increasing grid complexity due to renewable energy integration, and substantial investments in smart grid…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
