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Enterprise Flash Storage Market Trends, Industry & Size 2030
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Enterprise Flash Storage Market Trends, Industry & Size 2030

Segments - Enterprise Flash Storage Market by Types (All-flash Array and Hybrid Flash Array), End-user Industries (IT & Telecom, BFSI, and Healthcare), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-1408 | 4.2 Rating | 69 Reviews | 171 Pages | Format : PDF Excel PPT

Report Description


The enterprise flash storage market size is expected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing penetration for digitization in the banking and IT sectors services. Moreover, rising demand for mega data centers is expected to propel the market growth.

Flash storage is also known as solid-stage drives (SSDs). It is a type of data storage technology that is based on high-speed and electronically programmable memory. It offers an alternative to hard disk drives (HDDs) or other media for storage. The enterprise flash storage solutions write data as well as perform random I/O operations at a high speed.

Global Enterprise Flash Storage Market Outlook

The enterprise flash storage solutions are utilized in various industry applications, majorly due to benefits such as accelerated application performance, future-proof infrastructure, improved performance, and capacity, among others. Enterprise flash storage offers several advantages over traditional spinning disk media. Flash storage facilitates radically faster data processing operations. It is also less prone to failure. Technological advancements in manufacturing have made it possible for all-flash storage arrays to hold more data per rack unit than HDDs.

  • Increasing data generated by the enterprise, coupled with adoption of cloud technology is expected to drive the market growth during the forecast period.
  • Growing awareness about its advantages such as power consumption, performance, scalability, and ease of management is anticipated to boost the market expansion.
  •  Over 71% of the organizations are expected to migrate to cloud data centers from on-premise data centers, by 2020, which in turn, is projected to push the market growth during the forecast period.
  • Mission-critical applications such as real-time analytics and demanding database systems can be performed easily with enterprise flash storage systems, spurring the market growth.
  • Virtual servers, financial systems, virtual desktop platforms, and data analytics applications collect a huge amount of data by use of enterprise flash storage system, driving the market growth during the forecast period.
  • Ongoing developments in non-volatile memory express (NVME) is estimated to drive the market expansion in the coming years.
  • High cost of enterprise flash storage can hinder the enterprise flash storage market growth.
  • The COVID-19 pandemic surged the data consumption due to the lockdown, which is anticipated to positively influence the market growth.
  • Increasing technological advancements led to the manufacturing of efficient devices, creating significant opportunities for the market expansion in the projected timeline.

Scope of Enterprise Flash Storage Market Report

The report on the global enterprise flash storage market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Enterprise Flash Storage Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (All-flash Array and Hybrid Flash Array) and End-user Industries (IT & Telecom, BFSI, and Healthcare)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Pure Storage, NetApp Inc., Hewlett Packard Enterprise, Dell Technologies Inc, and Huawei Technologies Co., Ltd

Enterprise Flash Storage Market Segment Insights

All-flash array segment to account a considerable market share

In terms of types, the market is bifurcated into all-flash array ?and hybrid flash array?. The all-flash array segment is expected to account for a key market share during the forecast period. This type of flash storage can store multi-terabyte databases and deliver a read or write speed that is four times greater than HDDs.

Global Enterprise Flash Storage Market Types

IT & telecom segment to grow at a significant pace

Based on end-user industries, the market is segregated into IT & Telecom, BFSI, and Healthcare. The IT& telecom segment is expected to expand at a rapid pace owing to integration of smart manufacturing, remote inspection, and intelligent security protection technologies such as 5G and artificial intelligence (AI). These technologies are transforming the traditional support tools in the IT & Telecom sector to service innovation platforms, where data storage and processing volumes are expected from T-bit level to P-bit level.

Global Enterprise Flash Storage Market End-user Industries

Asia Pacific to dominate the market

On the basis of regions, the market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to increasing number of enterprises and international storage vendors. Growing adoption of cloud computing is driving the enterprise flash storage market growth. India is one of the prominent cloud services market in the the Asia Pacific.

Segments

The global enterprise flash storage market has been segmented on the basis of

Types

  • All-flash Array​
  • Hybrid Flash Array​

End-user Industries

  •  IT & Telecom
  • BFSI
  •  Healthcare

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the enterprise flash storage market include Pure Storage, NetApp Inc., Hewlett Packard Enterprise, Dell Technologies Inc, and Huawei Technologies Co., Ltd.

Global Enterprise Flash Storage Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Enterprise Flash Storage Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Enterprise Flash Storage Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Enterprise Flash Storage Market - Supply Chain
  4.5. Global Enterprise Flash Storage Market Forecast
     4.5.1. Enterprise Flash Storage Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Enterprise Flash Storage Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Enterprise Flash Storage Market Absolute $ Opportunity
5. Global Enterprise Flash Storage Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Enterprise Flash Storage Market Size and Volume Forecast by Types
     5.3.1. All-flash Array​ Hybrid Flash Array​
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Enterprise Flash Storage Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Enterprise Flash Storage Market Size and Volume Forecast by End Users
     6.3.1.  IT & Telecom BFSI  Healthcare
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Enterprise Flash Storage Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Enterprise Flash Storage Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Enterprise Flash Storage Demand Share Forecast, 2019-2026
8. North America Enterprise Flash Storage Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Enterprise Flash Storage Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Enterprise Flash Storage Market Size and Volume Forecast by Types
     8.4.1. All-flash Array​ Hybrid Flash Array​
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Enterprise Flash Storage Market Size and Volume Forecast by End Users
     8.7.1.  IT & Telecom BFSI  Healthcare
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Enterprise Flash Storage Demand Share Forecast, 2019-2026
9. Latin America Enterprise Flash Storage Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Enterprise Flash Storage Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Enterprise Flash Storage Market Size and Volume Forecast by Types
     9.4.1. All-flash Array​ Hybrid Flash Array​
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Enterprise Flash Storage Market Size and Volume Forecast by End Users
     9.7.1.  IT & Telecom BFSI  Healthcare
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Enterprise Flash Storage Demand Share Forecast, 2019-2026
10. Europe Enterprise Flash Storage Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Enterprise Flash Storage Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Enterprise Flash Storage Market Size and Volume Forecast by Types
     10.4.1. All-flash Array​ Hybrid Flash Array​
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Enterprise Flash Storage Market Size and Volume Forecast by End Users
     10.7.1.  IT & Telecom BFSI  Healthcare
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Enterprise Flash Storage Demand Share Forecast, 2019-2026
11. Asia Pacific Enterprise Flash Storage Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Enterprise Flash Storage Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Enterprise Flash Storage Market Size and Volume Forecast by Types
     11.4.1. All-flash Array​ Hybrid Flash Array​
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Enterprise Flash Storage Market Size and Volume Forecast by End Users
     11.7.1.  IT & Telecom BFSI  Healthcare
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Enterprise Flash Storage Demand Share Forecast, 2019-2026
12. Middle East & Africa Enterprise Flash Storage Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Enterprise Flash Storage Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Enterprise Flash Storage Market Size and Volume Forecast by Types
     12.4.1. All-flash Array​ Hybrid Flash Array​
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Enterprise Flash Storage Market Size and Volume Forecast by End Users
     12.7.1.  IT & Telecom BFSI  Healthcare
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Enterprise Flash Storage Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Enterprise Flash Storage Market: Market Share Analysis
  13.2. Enterprise Flash Storage Distributors and Customers
  13.3. Enterprise Flash Storage Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Pure Storage NetApp Inc. Hewlett Packard Enterprise Dell Technologies Inc Huawei Technologies Co., Ltd

Methodology

Our Clients

Deloitte
General Mills
Pfizer
Microsoft
Siemens Healthcare
Nestle SA
FedEx Logistics
The John Holland Group