Global all-flash array market is expected to grow at a significant CAGR of 13.23% in the upcoming period as the scope and its applications are rising enormously across the globe. An all-flash array (AFA) is also termed as a solid-state storage disk system, is an exterior storage array that uses flash media for persistent storage. Flash memory is exclusively used instead of the spinning hard disk drives (HDDs). Vendors allow consumers to mix flash and disk drives in the similar chassis, an outline termed as a hybrid array.
The factors that are playing a major role in the growth of all-flash array market are they are easy to maintain and install, the high-performance computing, the rising demand of all-flash array in the data center, and enhance the efficacy of primary storage array workloads. However, the high cost and unexpected drive failure may restrain overall market growth in the years to come. All-flash array market is segmented based on the storage system, enterprise, industry vertical and region.
Software-defined storage, direct-attached storage, storage area network, network-attached storage, unified storage, and cloud storage are the storage system that could be explored in an all-flash array market in the forecast period. Based on organization size, small and medium enterprises (SMEs) and large enterprises could classify the market in the forecast period. The market may be categorized based on industry verticals like energy & utilities, BFSI, retail, IT & telecommunication, healthcare, government & defense, manufacturing, transportation, and others could be explored in the forecast period.
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Globally, North America accounted for the substantial market share of the all-flash array and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the rising use of enhanced technology and the presence of key manufacturers in this region. The United States is a major consumer of the all-flash array in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The reason behind the overall market growth could be the growing awareness among end-users regarding the advantages of flash-array. The developing countries like India and China are the major consumers of the all-flash array in this region.
The key players of all-flash array market are IBM Corporation, Pure Storage, Inc., NetApp Inc., SanDisk Corporation, Kaminario Inc., Seagate Technology LLC, Hewlett Packard Enterprise, EMC Corporation, Dell Inc., and Hitachi Ltd. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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