Flash-Based Array Market : All-flash array segment to Account US$ 17,882.4 Million by 2024
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.
A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/12682
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.
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.
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.
Browse Complete Report @ https://www.persistencemarketresearch.com/market-research/flash-based-array-market.asp
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.
Request to view table of content @ https://www.persistencemarketresearch.com/market-research/flash-based-array-market/toc
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.
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.
Global Market Study on Flash-Based Array is available for US$4,900 https://www.persistencemarketresearch.com/checkout/12682
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Persistence Market Research
7th Floor, New York City,
NY 10007, United States,
USA Canada Toll Free: 800-961-0353
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Flash-Based Array Market : All-flash array segment to Account US$ 17,882.4 Million by 2024 here
News-ID: 691620 • Views: 421
More Releases from Persistence Market Research Pvt. Ltd
Silicone Sealants Market is anticipated to register a CAGR of around 4% over 2 …
Silicone Sealants Market Increasing substitution of organic sealants by silicone sealants, miniaturization of electrical components, and rising trend towards the use of energy-efficient glass in construction are some of the factors that are expected to contribute toward the growth of the silicone sealants market over the estimated time period. The global silicone sealants market is anticipated to register a CAGR of around 4% over the forecast period. Click Here to Get Free Sample Copy
Sodium Alginates Market 2023 Industry Trends, Sales, Supply, Demand, Analysis & …
Sodium Alginates Market Sodium Alginates are naturally occurring polysaccharides derived from brown seaweeds. They are widely used as thickening agents, stabilizers, and gelling agents in various food, pharmaceutical, and industrial applications. The global sodium alginates market is expected to grow at a substantial rate during the forecast period, driven by the increasing demand for processed foods and the growing pharmaceutical industry. Request For Free Sample Report of Sodium Alginates Market @ https://www.persistencemarketresearch.com/samples/4375 Market Segmentation: The
Industrial Combustion Control Components and Systems Market is reflecting a CAGR …
Industrial Combustion Control Components and Systems Market As per the numbers given in this research report, the global industrial combustion control components and systems market is estimated to be valued at US$ 17.13 Bn in 2018 and is forecasted to reach a revenue of US$ 27.6 Bn in 2028 end, reflecting a CAGR of 6.1% during the period of assessment 2018-2028. Click Here to Get Free Sample Copy of this Report @ https://www.persistencemarketresearch.com/samples/22753 The
Servo Press Market is estimated to be worth around $6 billion by 2029-end
Servo Press Market Currently the Servo Press Market is estimated to be worth around $6 billion globally with projections pointing to further growth in the coming years. This growth is driven by increased demand from various industries such as automotive manufacturing and electronics assembly. Servo press technology has become increasingly sophisticated as more manufacturers adopt them in their production processes. For example, modern Servo Presses offer advanced features such as programmable motion
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn. Predictive analytics is segmented into: Risk management:
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population. ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and