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.

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Market Segmentation 

The All-Flash Array Storage Market 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.

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.

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.

Top Vendors 

Top vendors in the all-flash array industry include Micron Technology, Inc. (US), Vexata Inc. (US), Western Digital Corporation (US), Hewlett Packard Enterprise (US), Hitachi Ltd (Japan), Dell Technologies (US), Oracle Corporation (US), IBM Corporation (US), Cisco Systems, Inc. (US), Huawei Technologies Co. Ltd (China), Pure Storage (US), Kaminario (US), Fujitsu Ltd (Japan), NetApp, Inc. (US), Violin Systems (US), E8 Storage (US), and more.

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