Press release
Flash-Based Array: North America Projected to Remain the Dominant Regional Market Through 2024
In terms of revenue, the U.S. is projected to be the most attractive market in the North America flash-based array market during the forecast period. The market in Canada is expected to register high Y-o-Y growth rates throughout the forecast period and is expected to exhibit a CAGR of 17.3% between 2016 and 2024.
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In terms of revenue, the U.S. is projected to be the most attractive market in the North America flash-based array market during the forecast period. The market in Canada is expected to register high Y-o-Y growth rates throughout the forecast period and is expected to exhibit a CAGR of 17.3% between 2016 and 2024.
In terms of revenue, large enterprises segment is projected to be the most attractive segment in the North America flash-based array market during the forecast period. SMEs segment is expected to register high Y-o-Y growth rates throughout the forecast period and revenue is expected to register a CAGR of 18.1% between 2016 and 2024.
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In terms of revenue, more than 1PB segment is projected to be the most attractive segment in the North America flash-based array market during the forecast period. Between 100 TB to 500 TB segment is also expected to register high Y-o-Y growth rates throughout the forecast period and is expected to register a CAGR of 17.1% over the forecast period.
Growing adoption of cloud computing, mobile devices, Internet of Things, cognitive systems, artificial intelligence, and machine learning is driving the need for real-time data processing in order to enable delivery of efficient services, anytime, anywhere in the shortest time possible. This real-time data processing feature is fueling demand for high performance data storage systems that are in line with the requirement of the above-mentioned technologies.
Proliferation of big data and unstructured data requires innovative storage systems to store data for long periods of time as well as offer easy accessibility. Big data and unstructured data volumes are expected to register a high CAGR over the next five years. Currently, most all-flash arrays have addressed structured data at high performance transactional processing requirements.
In addition, the need for efficient storage systems for unstructured data and big data is creating potential market opportunities and resulting in leading flash array vendors developing and offering innovative solutions in the market. In March 2016 for instance, Pure Storage launched Flash Blade Array to target unstructured and big data, file-access workloads, while other vendors are yet to offer such solutions.
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