Market Size of All Flash Array Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 26.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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All-flash Array (AFA) Market Analysis
The Global All-Flash Array Market is projected to rise at a CAGR of 26.3% during the forecasted period.
- The gain in data generated by the enterprise, coupled with the increasing adoption of cloud technology, is anticipated to drive the market. Moreover, with big data and analytics, data access and processing patterns demand a higher storage performance and improved concurrency (Big Data aggravates the data mobility issues).
- Flash storage adoption mainly depends on its usefulness, such as power consumption, improving performance, and ease of maintenance, which have raised the adoption rate. Moreover, mission-critical applications, including real-time analytics and demanding database systems, can be achieved easily with flash storage systems.
- SCMs will likely be deployed as a caching layer for an all-flash array. These new evolutions are expected to provide optimized workload performance while decreasing storage costs.
- Furthermore, improvements such as Non-Volatile Memory Express (NVMe) have increased the enterprise all-flash storage industry, allowing faster performance and more density than conventional protocols.
- Territories like India anticipate positive growth for enterprise flash storage from healthcare, insurance, and telecommunications verticals across 2022. India's growth is primarily due to IoT, AI, and big data innovation. Organizations are looking ahead to automation technologies and consumption-based pricing.
