All-Flash Array Market Share , Growth Factors, Comprehensive Research, Analysis by Leading Companies with Forecast till 2030
All-Flash Array Market Overview
The
all-flash
array market 2020 is all set to gain a solid valuation of USD 16.21 billion
by 2024, reveals Market Research Future (MRFR). MRFR also confirms that the
global market can make fast progress at a rate of 20.56% from 2019 to 2024
(appraisal period). We will provide covid-19 impact analysis with the report,
offering an in-depth review following the coronavirus disease outbreak.
All-Flash Array Market COVID-19 Analysis
The
COVID-19 impact on various industries has been quite evident, with almost of
all them facing massive economic crisis. While many businesses are bearing the
brunt of the pandemic, the semiconductor sector seems to be most affected. Following
the SARS-CoV-2 outbreak, various firms in the all-flash array market have
encountered tough decisions, in terms of finance, which compelled them to take
strategic cost-cutting measures to help ensure continuous flow of operations
and lesser revenue loss.
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The
lockdown situation has been the short term impact that the novel coronavirus,
affecting the manufacturing sectors and resulting in a financial loss for
several semiconductor companies. The weak demand has had a domino effect
throughout the market, with the drop in the prices as well as demand. The
COVID-19 outbreak and the lockdowns that have been imposed across countries
have resulted in ceased operations, and slowing down of e-commerce as well as retail
stores. The supply chains worldwide have collapsed, creating a bigger gap
between supply and demand.
Top Drivers and Main Barriers
On
the bright side, it is anticipated that despite the onset of the novel
coronavirus, the all-flash array market can sustain a decent growth throughout
the review period, on account of the frequent technological innovations like machine
learning and artificial intelligence. ML and AI help boost the consumption of all-flash
array to cater to the escalating demand for real-time data processing, which
means better market outlook.
Various
enterprises, businesses and government worldwide are gradually shifting towards
cloud, which has boosted the number of data centers to handle the increasing
data volume. Since all-flash array systems feature a number of benefits such as
easy installation, management and maintenance, trade experts assume that their
demand among diverse verticals is projected to mount exponentially in the
coming years.
In May 2020, Nimbus Data developed ExaFlash, which is
an all-flash array with multi-protocol, multi-mode OS, and multi-function
features. It boasts of federated architecture, multi-tenant management and
versatility capabilities. This is an illustration
of how several renowned companies in the all-flash array market are either
forming strategic alliances or are developing new and more advanced products to
boost their profits and customer base.
All-Flash Array Market Segmentation
The
all-flash array industry can be segregated with respect to storage pattern,
flash media as well as end user.
The
segments in terms of storage pattern include object, file, as well as block. The
block storage market can observe maximum growth in the coming period because of
its extensive use in applications that demand several transactions in real
time. Also, better scalability, built-in data protection, efficient performance
and ease of management that block storage offers also helps boost its demand in
the market.
With
respect to flash media, the market categories are custom flash modules (CFM) along
with solid-state drives (SSD). SSD flash media had been identified as the top segment
in 2018, while it is projected that CFM flash media can record the fastest rate
in the given period. CFM offers various benefits including superior power and space
efficiency, higher capacity density as well as flexibility and affordability.
Some
of the key end users assessed in the market study are telecom, commercial
institutions, media and entertainment, government, healthcare and BFSI. BFSI is
anticipated to emerge as the top end-user in the all-flash array market, as a
result of the increasing consumption in emerging regions and the increasing
spending by these regions on development of existing conventional storage
solutions.
All-Flash Array Market Regional Outlook
The
region-wise distribution of the all-flash array market comprises Europe, North
America, Asia Pacific/APAC, as well as RoW/rest of the world.
Between
2019 and 2024, it is presumed that the APAC market could emerge as the most
profitable, following the rising prominence of automation in various industries
that extensively use all-flash array. The industry also stands to profit from
the surge in government-backed initiatives as well as multi-million dollar
deals within the banking vertical. The increasing penetration of laptops,
tablets and smartphones across fast developing countries like India, China and
Singapore also boosts business expansion in the region. Some other growth
enhancers in the regional market include the expanding pool of data centers and
the high availability of cheap raw materials that facilitate large-scale production
of affordable all-flash arrays.
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Interestingly,
MEA, which comes under the RoW market, can expand at the highest rate, on
account of the increasing demand for all-flash array for data storage and the
consequent increase in adoption of advanced operations via data analytics. The
growing demand in media and entertainment and energy and oil & gas industries
can add to the business momentum in the following years.
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