Flash Based Array Market Size and Trends

Flash-based Array Market, By Product Type (All-flash Array, and Hybrid Flash Array), By Enterprise Type (Large Enterprises, and SMEs), By E Storage Capacity (Less than 100 TB (Less than 5 TB, and Between 5 to 100 TB), Between 100 to 500 TB, Between 500 TB to 1PB, and More than 1 PB), By End-use Vertical (BFSI, Healthcare, Media and Entertainment, IT and Telecommunication, Retail, Government, Manufacturing, and Other), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Sep 2023

Code : CMI3382

Pages :130

Formats :

Excel and PDF

Industry : Semiconductors

Flash Based Array MarketSize and Trends

The Global Flash-based Array Market size was valued at USD 95.42 Bn in 2023 and is anticipated to witness a compound annual growth rate (CAGR) of 10.7% from 2023 to 2030.

Figure 1: Global Flash-based Array Market Share (%), By Region, 2022

Global Flash-based Array Market Trends:

Technological Advancements: Flash-based storage technology had been advancing rapidly, with improvements in both performance and capacity. Vendors were constantly releasing new generations of flash-based arrays that could accommodate more data, deliver faster read and write speeds, and offer better data deduplication and compression techniques to optimize storage efficiency. For instance Pure Storage. Pure Storage is a well-known vendor in the flash-based array market that has been at the forefront of driving innovation in this space. The company focuses on developing all-flash storage arrays designed to deliver high performance, reliability, and efficiency to meet the growing demands of modern data-intensive applications.
Storage Virtualization: Software-defined storage and storage virtualization were gaining traction in the flash-based array market. These technologies enabled businesses to abstract storage resources from the underlying hardware, providing greater flexibility and scalability. Organizations could pool resources and manage storage more efficiently, making flash-based arrays an integral part of their virtualized infrastructure. For instance VMware. VMware is a leading global provider of virtualization and cloud computing solutions. They offer a range of software-defined storage products that enable organizations to abstract and pool storage resources from various underlying hardware devices, providing greater flexibility and efficiency in managing storage. One of VMware's prominent storage virtualization products is VMware vSAN (Virtual SAN). VMware vSAN is a hyper-converged infrastructure (HCI) solution that integrates compute, storage, and networking resources into a single software-defined platform.

Figure 2: Global Flash-based Array Market Share (%) By Product Type, 2022