All Flash Array Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028)

Key Highlights

• The gain in data generated by the enterprise, coupled with the increasing adoption of cloud technology, is anticipated to drive the market. Moreover, with big data and analytics, data access and processing patterns demand a higher storage performance and improved concurrency (Big Data aggravates the data mobility issues).
• Flash storage adoption mainly depends on its usefulness, such as power consumption, improving performance, and ease of maintenance, which have raised the adoption rate. Moreover, mission-critical applications, including real-time analytics and demanding database systems, can be achieved easily with flash storage systems.
• SCMs will likely be deployed as a caching layer for an all-flash array. These new evolutions are expected to provide optimized workload performance while decreasing storage costs.
• Furthermore, improvements such as Non-Volatile Memory Express (NVMe) have increased the enterprise all-flash storage industry, allowing faster performance and more density than conventional protocols.
• Territories like India anticipate positive growth for enterprise flash storage from healthcare, insurance, and telecommunications verticals across 2022. India's growth is primarily due to IoT, AI, and big data innovation. Organizations are looking ahead to automation technologies and consumption-based pricing.

All Flash Array Market Trends

Data centers is Expected to Hold Significant Share

• Growing data center workloads create new storage performance requirements that are very difficult to address with hard disk drives (HDDs). Using flash as a persistent storage technology resolves these challenges.
• According to NASSCOM, India's data center market investment is expected to reach USD 4.6 billion by 2025, mainly due to India's growing internet usage, increased cloud computing demands, digitalization initiatives by the government, and localization by digital service providers. India's higher cost efficiency in development and operation is its biggest advantage compared to more mature markets.
• Moreover, as per CloudScene, with 110 countries' available information, as of 2021, there were around 8,000 data centers globally. Among these, six countries hold a majority of data centers: the United States (33% of total), the UK (5.7%), Germany (5.5%), China (5.2%), Canada (3.3%), and the Netherlands (3.4%).
• According to WSTS, in 2021, revenue from memory component sales was about USD 153.8 billion, an increase from the USD 117.5 billion in revenue recorded in 2020, which shows an approximately 31% increase in revenue.

North America is Expected to Hold Major Market Share

• Multiple product launches suggest that North America holds a significant market share. Moreover, the United States acts as headquarters for other prominent players in the market, such as Dell Inc., IBM Corporation, Net App Inc., etc. Adopting the all-flash array enhances the growth of this region, fueled by increased expenditures in big data and related applications.
• The region holds a significant share of the all-flash array market due to the presence of the highest number of data centers and booming healthcare, information technology, BFSI, retail, and media industries. According to Cloudscene, the number of data centers in the US and Canada is 3029, the highest in the world, and expected to drive the demand for the all-flash array market.
• North America spends a significant amount on IT infrastructure, owing to the presence of prominent information technology industry and key vendors' companies. The region is home to a thriving BFSI industry where organizations are ready to spend on IT infrastructure to cater to the needs of their customers.
• The region also accounts for significant global spending on cloud solutions. According to Economic Strategy Institute (ESI), the US economy will benefit from corporation spending on cloud services (cloud computing, data analysis, and the Internet of Things). It is expected to contribute USD 1.7 trillion in new spending, add USD 3 trillion to GDP, and create 8 million jobs for the US economy by 2025.

All Flash Array Market Competitor Analysis

• February 2022 - IBM introduced IBM FlashSystem Cyber Vault to support companies in better detecting and recovering quickly from ransomware and other cyberattacks. In addition, the company also revealed new FlashSystem storage models, based on IBM Spectrum Virtualize, to deliver a single and consistent operating environment designed to improve cyber resilience and application performance within a hybrid cloud environment.
• March 2022 - NetApp and Cisco announced the evolution of FlexPod with the introduction of FlexPod XCS, providing one automated platform for modern applications, data, and hybrid cloud services. FlexPod comprises pre-validated storage, networking, and server technologies from Cisco and NetApp. Moreover, the new FlexPod XCS platform is designed to accelerate the delivery of modern applications and data in a hybrid cloud environment.

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