All Flash Array Market to grow by USD 31.03 billion between 2022 - 2027 | Growth Driven by Increasing Adoption of SSDs in laptops, gaming, and high-end PCs - Technavio
Saturday, September 23, 2023
NEW YORK, Sept. 20, 2023 /PRNewswire/ -- The All Flash Array Market report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the all-flash array market between 2022 and 2027 is USD 31.03 billion. The increasing adoption of SSDs in laptops and gaming and high-end PCs drives the all-flash array market. Laptop manufacturers adopt SSDs due to their several benefits such as faster booting, faster processing speed, low power consumption, and small size, as well as the growing demand for thin and compact laptops. In August 2021, Micron Technology, Inc. launched Crucial P5 Plus PCIe SSDs as an expansion of its NVMe SSD portfolio to offer high-performance internal Gen4 storage options to end-users. Also, factors like the growing demand for optimized and power-efficient laptops are also contributing to the market growth. Hence, such factors drive the growth of the all-flash array market during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
-- Market Challenge - Issues related to the reliability of all-flash arrays
challenge the growth of the all flash array market. The limited write
cycles is a major drawback associated with flash storage. High electric
fields are applied to the tunnel oxide during each P/E cycle which
increases stress. Furthermore, tunnel oxide can be referred to as a thin
oxide that leads to other effects, including erratic bits and
over-program must also generate the most effective algorithm to develop
a successful and reliable technology. Hence, such challenges impede the
growth of the all-flash array market during the forecast period. Learn
about additional key drivers, trends, and challenges available with
Technavio. Read a Sample PDF Report Now
The all flash array market is segmented by Type (Solid-state drives and Custom flash modules), End-user (Enterprises, HDCs, and CSPs), and Geography (North America, APAC, Europe, South America, and Middle East and Africa).
-- The solid-state drives (SSD) segment is significant during the forecast
period. It is a solid-state disk or an electronic disk that is used for
data storage and is manufactured using semiconductors. It uses the same
I/O interface design and store data in solid-state memory as a HDD. Such
SSDs are mainly manufactured from silicon microchips and store data
electronically. Hence, owing to such factors, the SSDs segment of the
all flash array market during the forecast period.
-- Geo Segment - North America will contribute 36% to the growth of the
global market during the forecast period. View a Sample Report for
insights into the contribution of all the segments and regional
opportunities in the report.
Key Companies in the all flash array market:
CMS Distribution, DataDirect Networks Inc., Dell Technologies Inc., Furukawa Electric Co. Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Technologies Co. Ltd., International Business Machines Corp., ionir inc., Lenovo Group Ltd., MacroSAN Technology Co. Ltd., Micron Technology Inc., NetApp Inc., Nutanix Inc., Oracle Corp., Pure Storage Inc., Quantum Corp., Veritas Technologies LLC, VIOLIN Systems LLC, Western Digital Corp.
The enterprise flash storage market size is estimated to grow at a CAGR of 13.5% between 2022 and 2027. The market size is forecast to increase by USD 7,971.55 million.
The NAND flash market size is estimated to grow at a CAGR of 6.51% between 2022 and 2027. The market size is forecast to increase by USD 24 billion.
All Flash Array Market Scope
Base year 2022
Growth momentum & CAGR Accelerate at a CAGR of 24.57%
Market growth 2023-2027
USD 31.03 billion
YoY growth 2022-2023 (%) 23.65
North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution North America at 36%
US, Canada, China, UK, and Germany
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
CMS Distribution, DataDirect Networks Inc., Dell Technologies Inc., Furukawa Electric Co. Ltd., Hewlett
Packard Enterprise Co., Hitachi Ltd., Huawei Technologies Co. Ltd., International Business Machines Corp.,
ionir inc., Lenovo Group Ltd., MacroSAN Technology Co. Ltd., Micron Technology Inc., NetApp Inc., Nutanix
Inc., Oracle Corp., Pure Storage Inc., Quantum Corp., Veritas Technologies LLC, VIOLIN Systems LLC, and
Key companies profiled Western Digital Corp.
Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment
analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis
for forecast period.
Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by End-user
Market Segmentation by Geography
Drivers, Challenges, & Trends
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With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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