Press release
Flash Based Array MarketStructure And Overview Of Key Market Forces Propelling 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: 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.
Download TOC: https://www.persistencemarketresearch.com/toc/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
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.
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.
Latest Report:
Iot Analytics Market
https://www.persistencemarketresearch.com/market-research/iot-analytics-market.asp
Security As A Service Market
https://www.persistencemarketresearch.com/market-research/security-as-a-service-market.asp
Datacenters Market
https://www.persistencemarketresearch.com/market-research/datacenters-market.asp
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.
305 Broadway,7th Floor
New York City, NY 10007
United States
+1-646-568-7751
+1 800-961-0353 (USA-Canada Toll free)
Email: sales@persistencemarketresearch.com
Website: https://www.persistencemarketresearch.com
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 Flash Based Array MarketStructure And Overview Of Key Market Forces Propelling Market here
News-ID: 832700 • Views: …
More Releases from Persistence Market Research
Green Power Transformer Market Witnesses Steady Growth with Expanding Renewable …
Introduction
The green power transformer market is gaining strong momentum as global energy systems transition toward sustainability, efficiency, and low-carbon power infrastructure. Green power transformers are designed to minimize energy losses, reduce environmental impact, and enhance operational efficiency through the use of eco-friendly insulating materials, biodegradable fluids, and advanced energy-saving designs. These transformers play a critical role in modern power grids, renewable energy integration, smart grids, and electrification projects.
➤ Download Your…
Garbage Bags Market Size to Expand at 6.1% CAGR Through 2032 - PMR Reports
Introduction
The global garbage bags market has experienced consistent growth over the past decade, supported by rising urbanization, increasing awareness of hygiene and sanitation, and the steady expansion of residential, commercial, and industrial waste generation. Garbage bags play a critical role in efficient waste containment, handling, and disposal across households, offices, healthcare facilities, hospitality establishments, and municipal systems. With growing emphasis on cleanliness, waste segregation, and environmental responsibility, garbage bags have…
Vehicle Recycling Market to Reach US$ 286.8 Bn by 2032 as Key Players Schnitzer …
The Vehicle Recycling Market has emerged as a critical pillar of the global automotive and sustainability ecosystem, driven by the rising volume of end-of-life vehicles and increasing awareness around resource conservation. As global vehicle ownership continues to expand, the accumulation of obsolete and damaged vehicles has intensified the need for structured recycling systems. Governments, manufacturers, and consumers are increasingly aligning toward circular economy models, where vehicle recycling plays a central…
Personal Care Ingredients Industry Outlook Highlights Steady Growth Through 2033
Introduction
The global personal care ingredients industry is experiencing consistent expansion, supported by rising consumer awareness around personal hygiene, grooming, and wellness, along with rapid innovation in cosmetic and personal care formulations. Personal care ingredients-including surfactants, emollients, conditioning agents, preservatives, fragrances, and active ingredients-play a vital role in enhancing product performance, safety, texture, and shelf life across skincare, haircare, oral care, and hygiene products.
➤ Download Your Free Sample & Explore Key…
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…
