Enterprise Flash Storage Market
Segments - 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
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.
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.
Market Trends, Drivers, Restraints, and Opportunities
- 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 |
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Segmentation |
Types (All-flash Array and Hybrid Flash Array) and End-user Industries (IT & Telecom, BFSI, and Healthcare) |
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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.
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.
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
- Pure Storage
- NetApp Inc.
- Hewlett Packard Enterprise
- Dell Technologies Inc
- Huawei Technologies Co., Ltd
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.
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
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
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