Covina, Nov. 01, 2023 (GLOBE NEWSWIRE) -- “According to the latest research study, the demand of “Flash-Based Array Market accounted for US$ 104.8 Billion in 2022 and is estimated to be US$ 290.5 billion by 2032 and is anticipated to register a CAGR of 10.8%”
What is Flash-Based Array? How Big It is Flash-Based Array Market?
Overview:
Flash-Based Array, often referred to as an all-flash array (AFA), is a type of data storage system that uses flash memory (solid-state drives or SSDs) to store and manage data. These arrays have gained prominence in the data storage industry due to their speed, reliability, and efficiency compared to traditional hard disk drive (HDD) storage solutions.
Organizations can now benefit from hybrid and multi-cloud strategies due to the growing integration of all-flash arrays with cloud services. This adaptability will spur flash-based array market expansion even more. Organizations need high-performance storage solutions because data-driven applications are becoming more and more prevalent. In order to address the growing needs for speed and capacity, all-flash array will be essential.
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Some of the Top Market Leaders Are:
- 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.
Recent Key Highlights of Flash-Based Array Market:
- In August 2022, Kalray, a leading provider of the new generation of processors and acceleration cards specialized in Intelligent Data Processing from Cloud to Edge, announced it has won the coveted Flash Memory Summit award for most innovative technology. The Flash Memory Summit Awards are an indication of how the industry values the innovation that Kalray's Flashbox solution offers to consumers. Based on Kalray's MPPA DPU processor and co-designed with Viking Enterprise Solutions, Flashbox is a novel All-Flash-Array concept.
Report Scope:
| Attribute | Details |
| Base year for estimation | 2022 |
| Forecast period | 2022 – 2032 |
| Market representation | Revenue in USD Million & CAGR from 2022 – 2032 |
| Market Segmentation | By Type - All-flash Array, Hybrid Flash Array, Large Enterprise, and SMEs By Application - BFSI, Healthcare, Media & Entertainment, IT & Telecommunication, and Others (Retail, Government, Manufacturing |
| Regional scope | North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Analyst View –
High-speed, low-latency storage systems will become increasingly necessary as the number of Internet of Things (IoT) devices increases and massive volumes of data are generated from diverse sources, such as social media and sensor data. Big data workloads are a good fit for AFAs. Fast storage is necessary for AI and machine learning systems to process data quickly. In order to support these new technologies, AFAs are crucial.
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Top Trends Influencing the Market:
- Solid-State Drives (SSDs) Dominance: Growing preference for SSDs over traditional hard drives due to speed, durability, and energy efficiency is fueling the adoption of flash-based arrays.
- NVMe Protocol Adoption: NVMe (Non-Volatile Memory Express) protocol's efficiency in handling flash memory is driving its widespread adoption, enhancing storage speed and reducing latency.
- AI and Machine Learning Integration: Increasing integration of AI and machine learning technologies for real-time data analysis, requiring high-performance storage solutions provided by flash-based arrays.
- Edge Computing: Rising demand for edge computing applications necessitates high-speed, low-latency storage solutions like flash-based arrays to process data closer to the source, enhancing efficiency and reducing data transfer times.
- Cloud-Native Flash Solutions: Emergence of cloud-native flash solutions that seamlessly integrate with cloud platforms, providing scalable and flexible storage options, catering to the evolving needs of cloud-based applications and services.
- Data Management and Analytics: Growing emphasis on data management and analytics drives the need for high-speed, reliable storage solutions, positioning flash-based arrays as vital components for businesses aiming to derive insights from vast datasets.
Market Dynamics:
The Flash-Based Array Market is driven by rapid technological advancements, exponential data growth, cost reduction in flash memory, and the need for high-speed, low-latency storage solutions for applications like AI and edge computing. Data security, cloud adoption, and the integration of AI further fuel market expansion. The competitive landscape and global business expansion contribute to the market's dynamic nature, shaping its growth trajectory.
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The Report Answers Questions Such As:
- What is Flash-Based Array?
- How big is the Flash-Based Array Market?
- Why is Flash-Based Array Essential?
- What Are the Key Trends in the Market?
- What Drives Market Dynamics?
- Who Are the Key Market Leaders?
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