Europe all flash array market follows next as various end user industry verticals are realizing the importance of all flash array.
All-flash arrays are known to provide advanced data management services that are beyond the scope of spinning media. They consume less power and produce less heat. Thus, they do not need as much cooling as standard hard disk drives.
Therefore, the need for air conditioning in data centers is reduced. All-flash arrays come incorporated with all the advanced features that an enterprise might need. Some of these features include replication, snapshots and data reduplication.
The global all flash array market is projected to reach US$ 20,545 million in 2022 and US$ 85,990 million in 2032, increasing at a CAGR of 15.4 percent.
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All Flash array is more expensive than spinning disk, but the development of multi-level cell flash has lowered the price of solid state drives. Multi-level cell flash is slower and less durable than single-level cell flash, but companies have developed software that improves its wear levels to the point where multi-level cell is acceptable for enterprise applications. Single-level cell flash still remains the choice for applications with the highest input/output requirements, however.
All Flash Array Market: Drivers and Challenges
Few of the all flash array market drivers are that they are easy to manage, hence there are no restrictions on the way logical volumes are created. All flash arrays are physically smaller in size, and thus the overall rack count is smaller.
In addition to this, all flash arrays are easy to install and maintain, which reduces the maintenance cost for the enterprise. Also, all flash arrays transfer data at a much faster rate in comparison to other hard disk drives; which is another major driving factor of all flash array market.
Few of the challenges faced by the all flash array market are that during an unexpected drive failure, it would become more difficult to recover data than with standard disks. Hence, proper backup and mitigation plans should be made by the enterprises. Further, all-flash arrays cost a bit more, simply because flash is costlier than spinning media.
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All Flash Array Market: Key Market Players
Few of the companies in all flash arraymarket are: IBM Corporation, NetApp, Inc., Kaminario, Inc., Hewlett Packard Enterprise, Dell Inc., Hitachi, Ltd., EMC Corporation, Seagate Technology LLC, SanDisk Corporation and Pure Storage, Inc. These companies are focused towards innovating and updating their existing product offerings in order to increase their market share in all flash array market.
All Flash Array Market: Regional Overview
All Flash Arraymarket is currently dominated by North America region owing to technological advancements in this region. Europe all flash array market follows next as various end user industry verticals are realizing the importance of all flash array.
Asia Pacific all flash array market is growing at a comparatively high rate owing to enterprises realizing the importance of all flash array.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
The research report provides analysis and information according to market segments such as geographies, application, and industry.
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Regional analysis includes:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
All Flash Array Market: Segmentation
Segmentation on the basis of storage system:
Segmentation on the basis of enterprise:
Segmentation on the basis of vertical:
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jul 12, 2023
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