Press release
The Market for Flash-Based Arrays is Predicted to Grow at a Strong 18% CAGR by 2024
Flash-Based Array Market
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 Sample Copy @ 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.
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
Buy Report Now @ https://www.persistencemarketresearch.com/checkout/12682
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%.
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.
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.
Market Segmentation
By Product Type
All-flash Array
Hybrid Flash Array
By Enterprise Type
Large Enterprise
SMEs
By Storage Capacity
Less than 100 TB
Between 100 TB to 500 TB
Between 500 TB to 1 PB
More than 1 PB
By End-user Vertical
BFSI
Healthcare
Media and Entertainment
IT & Telecommunication
Retail
Government
Manufacturing
Others
By Region
North America
Latin America
Europe
APAC
MEA
Request for Customization @ https://www.persistencemarketresearch.com/request-customization/12682
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
Website - https://www.persistencemarketresearch.com
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.
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 Market for Flash-Based Arrays is Predicted to Grow at a Strong 18% CAGR by 2024 here
News-ID: 2831686 • Views: …
More Releases from Persistence Market Research
Libya Baby Diapers and Wipes Market Set to Reach US$ 392.2 Mn by 2033 Says Persi …
The Libya baby diapers and wipes market is projected to expand at a 4.5% compound annual growth rate (CAGR) from 2023 to 2033, reaching an estimated value of US$ 392.2 million by 2033. The market was valued at US$ 242.9 million at the end of 2022.
Request a Sample: https://www.persistencemarketresearch.com/samples/33030
Key Market Drivers
Several factors are underpinning the growth in the Libyan market for baby diapers and wipes:
• Growing awareness of infant hygiene: As…
Foodservice Packaging Market Worth 522.4 Billion by 2032 - Persistence Market Re …
The foodservice packaging market is undergoing significant transformation, driven by evolving consumer preferences, technological innovations, and rising sustainability demands. Foodservice packaging encompasses a wide range of products including containers, trays, cups, lids, bags, and cutlery used across quick-service restaurants, full-service dining, catering, and delivery platforms.
Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): https://www.persistencemarketresearch.com/samples/22354
As global food consumption habits shift toward convenience and on-the-go…
BOPP for Labels Market to Reach US$ 31.2 Billion by 2032 with 6.1% CAGR, Reports …
The packaging and labelling industry has witnessed significant transformation over the past decade, with brands increasingly seeking materials that are cost-effective, durable, and visually appealing. One material that has gained substantial traction in this context is biaxially oriented polypropylene, commonly known as BOPP. BOPP films are widely recognized for their versatility, excellent printability, and resilience against moisture and chemicals. These characteristics make BOPP an ideal choice for labels across various…
Emulsion Explosives Market to Grow from US$ 2.57 Billion in 2024 to US$ 3.57 Bil …
The global emulsion explosive market has witnessed substantial growth over the past few years, driven by increasing demand from the mining, construction, and infrastructure sectors. Emulsion explosives are considered a safer, more efficient alternative to traditional blasting agents due to their improved performance, water resistance, and enhanced safety profile. Their adoption is growing steadily as industries seek higher productivity, better control, and environmentally safer solutions for blasting operations.
Get a Sample…
More Releases for Array
Flash Field Programmable Gate Array Market
Flash Field Programmable Gate Array Market Overview
Flash field programmable gate array is a combination of field programmable gate array with flash memory. Field programmable gate array architecture is a semiconductor device which is built around a matrix of configurable logic blocks (CLBs) linked through programmable interconnects. This is an integrated circuit which can be programed later in the field after manufacturing.
This report provides a deep insight into the global Flash…
Field-Programmable Gate Array (FPGA) Market
Field-Programmable Gate Array (FPGA) Market Overview
Field-Programmable Gate Array (FPGA) is a programmable integrated circuit (IC) or semiconductor device. The device could be reprogrammed as per preferred functionality or application requirement such as Application Specific Integrated Circuits (ASICs) that are function-specific. FPGAs offer several advantages such as rapid prototyping, easy debugging, low cost and lower the danger of product annihilation. Increasing need for customizable integrated is expected to drive the FPGA…
Array Innovative Services celebrates 15 years, Launches Array Ventures
Array Innovative Services Pvt. Ltd., a pioneer in promoting and investing in innovative products and services, is celebrating its remarkable 15-year journey with an extraordinary milestone: the launch of Array Ventures. The launch event coincides with the company's anniversary and marks a significant step forward in its commitment to fostering innovation within the startup ecosystem.
Over the past 15 years, Array Innovative Services Pvt Ltd has played a pivotal role in…
Phased Array Beamforming ICs Market: Advanced ICs Enabling Precise Beamforming i …
Global Phased Array Beamforming ICs Market Overview:
The Phased Array Beamforming ICs market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Phased Array Beamforming ICs market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and…
Global Active Phased Array Radar (APAR) Market Global Active Phased Array Radar …
Global Active Phased Array Radar (APAR) Market 2021
Active Phased Array Radar (APAR) is a ship carrying a multifunction 3D radar. The APAR consists of four fixed structures of the vertical nerve (face), located in a pyramidal structure. Each surface has 3424 transmit / receive (TR) modules that operate at X band frequencies. APAR has a wide range of applications in the military and defense sector.
The main area to apply for…
Global Array microphone Market Growth
Market Research Mentor Data has launched a research report on the Global Array microphone Market that predicts future market trends and current market trends. It includes analytic data of the array microphone Market about growth rate, size, market trends, profitability, manufacturers, applications, historical data, popular regions, etc. The valuable detailed research report created by skilled industry experts, who are experienced in this research industry. This report on the Global array…
