Flash-based Array Market Size, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis 2024-2031 | Tegile Systems, Inc., Oracle Corporation

Flash-based arrays store data using NAND flash memory and are primarily used for data storage in data centers. They provide higher input/output performance, lower power consumption, and lower acquisition costs compared to hard disk drives.

Market Dynamics:

The growth of the flash-based array market is driven by the growing demand for data storage owing to increasing digitalization across industries. The evolution of technologies such as cloud computing, big data analytics, and IoT is generating massive volumes of unstructured data on a daily basis. According to the report by Cisco, global data center IP traffic will reach 20.6 ZB per year by 2023, up from 11.2 ZB in 2021. Moreover, the advancement in cloud-based services is also augmenting the demand for flash storage as it provides higher storage density, capacity, and scalability compared to traditional hard disk drives. Rapidly growing volumes of data and the need for faster data access are expected to propel the flash-based array market growth over the forecast period.

The Global Flash-based Array Market size was valued at USD 95.42 Bn in 2023 and is anticipated to witness a compound annual growth rate (CAGR) of 10.7% from 2023 to 2030.

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Major Key Players:

Tintri, Inc., Hitachi Data Systems Corporation, IBM Corporation, Tegile Systems, Inc., Oracle Corporation, Kaminario Inc., Fujitsu Limited Pure Storage, Inc., Dell EMC, Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., and NetApp, Inc.

Detailed Segmentation:

By Product Type
All-flash Array
Hybrid Flash Array
By Enterprise Type
Large Enterprises
SMEs

By Storage Capacity
Less than 100 TB (Less than 5 TB, and Between 5 to 100 TB)
Between 100 to 500 TB
Between 500 TB to 1PB
More than 1 PB

By End-use Vertical
BFSI
Healthcare
Media and Entertainment
IT and Telecommunication
Retail
Government
Manufacturing
Other
Flash-based Array Market Drivers

Increasing Demand for Data Center Consolidation and Server Virtualization

The rapid adoption of cloud computing services has led to massive data growth across the globe. As a result, data centers are facing challenges to efficiently manage and store large volumes of data. Flash-based array solutions are playing a pivotal role in helping data centers overcome these challenges. They offer higher storage density, lower power consumption, faster performance, and lower latency compared to traditional hard disk drive arrays. This has increased their demand for enabling server virtualization and data center consolidation.

Rise in Big Data Analytics and Internet of Things (IoT) Applications

The exponential growth in business data from various sources such as customer transactions, social media, sensors etc. has increased the need for powerful analytics. At the same time, the proliferation of IoT devices is generating huge volumes of time-sensitive data that requires real-time analysis. Flash-based arrays perfectly meet the performance requirements of such big data and IoT projects through their capabilities like fast random access speed, low latency, high input/output operations per second (IOPS). This market driver is expected to bolster the demand for flash solutions over the coming years.

Flash-based Array Market Restrain

High Initial Cost of Flash Storage

Despite the several benefits of flash storage, its higher price per gigabyte compared to hard drives has been a major constrain for widespread adoption, especially for cost-sensitive applications requiring massive capacity. For instance, enterprise SSDs currently cost around 10 times more than equivalent hard disk drives on a per-gigabyte basis. Although SSD prices are declining at a steadier rate, the upfront expenditure remains a hampering factor, forcing organizations to stick to hard drives for general-purpose and archival storage. This acts as a restraint on the potential growth of flash-based arrays market.

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Flash-based Array Market Opportunity

Growing Adoption of All-Flash Arrays (AFAs)

With performance and scalability becoming crucial for modern data centers, the demand for purpose-built all-flash arrays (AFAs) is surging. As opposed to hybrid storage platforms, AFAs completely rely on flash chips and deliver consistently high IOPS, low latency, and other benefits regardless of capacity usage. They are more suited for business-critical applications such as online transaction processing, virtual desktop infrastructure, and database management that require consistent low-latency performance. This growing requirement for consolidated, simplified and high-performance storage infrastructure presents a major growth opportunity for AFA vendors in the flash-based arrays industry.

Flash-based Array Market Trends

Rise of Hyperconverged Infrastructures (HCI) and Composable Infrastructure

Hyperconverged infrastructure and composable infrastructure are emerging as innovative architectures that seamlessly integrate computing, storage, networking, and virtualization resources into scalable building blocks or "nodes". These new paradigms help achieve elevated levels of agility, efficiency and utilization compared to conventional infrastructure silos. Flash storage is an integral component of HCI and composable solutions, providing high performance to power demanding virtualized/containerized workloads. The increasing adoption of hyperconverged and composable infrastructures in data centers will likely dictate long-term demand and technical evolution of flash-based arrays.

𝗙𝗔𝗤'𝗦:

What is the projected size of the Flash-based Array Market by 2031?
Which major countries will experience the greatest impact from the Flash-based Array Market?
Which regional market in the Flash-based Array Market is the largest?
Which leading companies dominate the majority of the Flash-based Array Market?
Which geographic market within the Flash-based Array Market industry is expected to exhibit the most significant growth potential?
What are the primary drivers of the Flash-based Array Market?
What are the current trends and future predictions for the global Flash-based Array Market industry?
What are the key strategies employed in the Flash-based Array Market?
What are the main growth prospects for the Flash-based Array Market?

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