Growing At A CAGR Of 29.75%, All-Flash Array Market is expected to reach USD 17.8 billion by 2023 From USD 5.9 billion
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Japan, Japan, Fri, 05 Feb 2021 10:05:54 / Comserve Inc. / — Key players in the AFA market include Dell (US), Hewlett Packard Enterprise (HPE) (US), NetApp (US), Pure Storage (US), IBM (US), Huawei (China), Western Digital (US), Hitachi (Japan), Kaminario (US), and Micron (US).
The AFA market was valued at USD 5.9 billion in 2018 and is expected to reach USD 17.8 billion by 2023, growing at a CAGR of 29.75% during the forecast period. The expected market growth can largely be attributed to increasing use in data centers and augmentation of operations in the healthcare industry, Further, factors such as flexibility, installation, maintenance, and size are also driving the AFA market. Moreover, increasing need for real-time data processing and increasing deployment of AFA storage in artificial intelligence (AI) and machine learning (ML) applications are expected to fuel the growth of the market in the coming years. Performance issues and drive failures are acting as major challenges for the growth of the all-flash array market.
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Key players in the AFA market include Dell (US), Hewlett Packard Enterprise (HPE) (US), NetApp (US), Pure Storage (US), IBM (US), Huawei (China), Western Digital (US), Hitachi (Japan), Kaminario (US), and Micron (US). The study includes an in-depth competitive analysis of these key market players, with their company profiles, recent developments, and key market strategies.
“SSD-based AFA market to hold largest size of AFA market during forecast period”
SSD based AFA market hold a larger share of the flash media market. The growth can be attributed to the increasing number of enterprise applications requires high-performance storage, constant uptime, high throughput, power efficiency, and high reliability. SSDs meet all these requirements, thereby enhancing the performance of enterprise data centers.
“AFA market for object-based storage to grow at highest CAGR during forecast period”
Demand for object-based storage is growing at a fast rate because of applications such as big data analytics, IoT, and cloud storage technology. Object-based storage offers easy sync, share, and distribution of data. New data sources such as IoT, cloud privatization, and video surveillances are generating tremendous amount of data constantly. Object storage offers better operational efficiency for cloud by allowing back and forth data movement without application change. Through data management software, a large amount of data can be stored at low cost on a read-only basis.
“North America accounted for largest share in AFA market during forecast period”
North America, being the early adopter of advanced data storage technologies, captures largest share of the AFA market followed by Europe and APAC. The adoption of smart technologies such as big data, IoT, and virtualization in North America generates a vast amount of data. To handle this data, technologically advanced IT infrastructure is needed, which is capable of storing and processing a large amount of data. Every industry in North America is being digitized and demands AFA solutions.
Breakdown of primary participants’ profile:
- By Company Type: Tier 1 – 30%, Tier 2 – 40%, and Tier 3 – 30%
- By Designation: C-Level Executives – 32%, Directors – 38%, and Others – 30%
- By Region: North America – 35%, Europe – 31%, APAC – 26%, and RoW – 8%
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Research Coverage:
The study covers the AFA market. It aims at estimating the market size and growth potential of this market, across different segments, such as by storage architecture/access pattern, by flash media, industry, and region. The study also includes an in-depth competitive analysis of key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall AFA market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
TABLE OF CONTENTS
1 INTRODUCTION 16
1.1 STUDY OBJECTIVE 16
1.2 MARKET DEFINITION 16
1.3 STUDY SCOPE 17
1.3.1 MARKETS COVERED 17
1.3.2 REGIONAL SCOPE 17
1.3.3 YEARS CONSIDERED 18
1.4 CURRENCY 18
1.5 LIMITATIONS 18
1.6 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.1.1 List of major secondary sources 20
2.1.1.2 Secondary sources 21
2.1.2 PRIMARY DATA 21
2.1.2.1 Primary interviews with experts 21
2.1.2.2 Breakdown of primaries 22
2.1.2.3 Key data from primary sources 22
2.1.3 SECONDARY AND PRIMARY RESEARCH 23
2.1.3.1 Key industry insights 23
2.2 MARKET SIZE +0000IMATION 24
2.2.1 BOTTOM-UP APPROACH 24
2.2.1.1 Approach for capturing the market size by bottom-up analysis (demand side) 24
2.2.1.2 Approach for capturing market size considering various players in value chain of all-flash array market 25
2.2.2 TOP-DOWN APPROACH 25
2.2.2.1 Approach for capturing the market size by top-down analysis
(supply side) 26
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 27
2.4 RESEARCH ASSUMPTIONS 28
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 33
4.1 ATTRACTIVE OPPORTUNITIES IN ALL-FLASH ARRAY MARKET (2018-2023) 33
4.2 CUSTOM FLASH MODULES (CFM) ALL-FLASH ARRAY MARKET, BY INDUSTRY 34
4.3 ALL-FLASH ARRAY MARKET, BY STORAGE ARCHITECTURE/ACCESS PATTERN 34
4.4 ALL-FLASH ARRAY MARKET FOR GOVERNMENT INDUSTRY, BY REGION 35
4.5 APAC ALL-FLASH ARRAY MARKET FOR BFSI, BY COUNTRY 35
5 MARKET OVERVIEW 36
5.1 INTRODUCTION 36
5.2 MARKET DYNAMICS 36
5.2.1 DRIVERS 37
5.2.1.1 Increasing use in data centers 37
5.2.1.2 Easy to manage, install, and maintain 39
5.2.2 RESTRAINTS 40
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