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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 growth of the market depends on several factors, including the increasing demand for high-performance storage solutions, the growing adoption of virtualization and cloud computing, the rapidly expanding digitalization, and the need for faster data access and processing.
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The increasing demand for high-performance storage solutions is driving growth in the market. The growing demand for dynamic storage systems that can handle large volumes of data and analytical applications has been a major factor behind the worldwide EFSRS market. To extract useful insights from big data and analytics, data processing must be quick and effective. Due to its high input and output operations per second (IOPS), as well as low latency, this is highly suited for managing significant amounts of data in real time.
Moreover, the efficiency of big data processing is increased by the capacity of the system to manage multiple workloads simultaneously and provide stable performance. If businesses keep increasing the volume of data, which constitutes a fundamental resource for enabling big data analysis, this will remain in high demand. This, in turn, will drive the growth of the market focus during the forecast period. The market growth analysis underscores the significance of innovative solid-state drives and data storage solutions in meeting the evolving demands of enterprise IT infrastructure.
The adoption of Non-Volatile Memory Express (NVMe) technology is a primary trend in this market. Non-Volatile Memory Express (NVMe) technology adoption represents an important trend in the worldwide market for EFSRS as storage capabilities become more complex. Faster data transfer rates and lower latency made possible by NVMe allow this technology to reach its full potential. The performance of these solutions is significantly improved as a result of addressing bottlenecks and introducing parallel processing, which decreases the time it takes to access data. Enterprises are experiencing an increase in workloads as a result of data analysis and real-time applications.
However, NVMe offers the necessary speed and responsiveness to satisfy these demands. Flash storage is still the leading enterprise data center solution thanks to its ability to perform extremely quickly and has the lowest latency capabilities because of the trend of adopting NVMe technology which is expected to drive the growth of the market in focus during the forecast period. The solid-state drives market and enterprise systems are evolving rapidly, leveraging advanced data centre technology and storage arrays, including hybrid arrays, to meet the escalating demands of modern enterprises.
The high initial investment costs associated with flash storage systems is a major challenge in this market. The large initial investment costs of this systems are a major problem for the global EFSRS market. Flash storage technology is a popular choice for businesses because it provides better performance and efficiency than conventional storage options.
In any case, the cost of this may be high toward the start to develop a glimmer stockpiling foundation, including obtainment of required equipment, programming, and embellishments. The dynamic cycle for endeavors is additionally confounded by monetary restrictions and the necessity to exhibit a profit from speculation (return on initial capital investment), which could postpone the reception of glimmer stockpiling arrangements on the lookout, consequently impeding the development of the market in the center during the figure time frame. Market research and growth, market growth and forecasting, and market forecasting play pivotal roles in understanding and predicting the trajectory of the market trends and advancements in data center technology.
The market share growth by the telecom and IT segment will be significant during the forecast period. The market for EFSRS is experiencing widespread adoption in the telecommunications and IT industry, which means that it is a leading application area on the global market. Large-scale data generation and processing by telecommunication and IT organizations necessitate the use of high-performance solutions that can handle demanding workloads. As a result of its enormous benefits in speed, dependability, and scalability, is the most suitable solution for these industries.
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The telecom ad IT segments showed a gradual increase in the market share of USD 2,019 million in 2017 and continued to grow by 2021. As additional advances, for example, distributed computing, enormous information examination, and virtualization become accessible, the need to store venture streak memory in broadcast communications and data innovation will keep on developing. The particular stockpiling prerequisites of telecom and IT endeavors, including server farms, network foundations, and application servers, make critical possibilities for streak capacity sellers to serve the market in concentration and drive its development during the estimated time frame.
Based on the type, the market has been segmented into Single-level cell (SLC), Multi-level cell (MLC), Triple-level cell flash (TLC), and Serial NAND. The single-level cell (SLC) segment will account for the largest share of this segment. SLC is an ideal alternative solution for enterprise-level applications due to its high performance and endurance. SLC is also more durable, enabling it to maintain intensive writing operations while not degrading. Due to its reliability and durability, SLC is very desired by key applications such as databases, virtualization, or much more intensive computing. SLC flash storage can be more costly, but it's the most preferred choice for enterprises looking for a solution with much higher capacity and durability because of its unrivaled performance and reliability. Owing to its significant advantages, SLC is expected to maintain its leading position in the market in focus while driving its growth during the forecast period.
The market encompasses a range of cutting-edge technologies and solutions designed to meet the growing demands of modern data storage environments. With the rise of data-intensive applications and the need for high-performance storage solutions, enterprises are increasingly adopting Solid State Drives (SSD) and flash-based storage systems.
These solutions offer significant advantages over traditional spinning disk drives, including improved storage performance and higher storage capacity in compact form factors. Leveraging flash memory and NAND flash technology, systems deliver enhanced storage efficiency and reliability for mission-critical data center operations.
Moreover, enterprises benefit from advanced storage management software and storage virtualization techniques, which optimize storage resources and streamline data management processes. As the demand for efficient and scalable enterprise storage solutions continues to rise, market stakeholders conduct thorough market growth analysis, research, and forecasting to capitalize on emerging opportunities in the storage networking technologies sector.
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APAC is estimated to contribute 55% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In APAC, the market is expanding significantly and transforming the method by which storage options are generally conceived. A number of factors are driving the market in focus such as the increasing use of cloud technologies, Big Data Analytics, and demand for high-performance systems in sectors such as finance, healthcare, or manufacturing. Rapid digital transformation is taking place in APAC countries, which has increased the need for storage and data generation. The need for these solutions in APAC is also being boosted by government programs that support the development of digital infrastructure and data localization.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Broadcom Inc. - The company offers enterprise storage which requires sophisticated IT systems, from the data center to the desktop, to provide insights into customer behavior, run billing systems and allow employees to communicate.
Dell Technologies Inc. - The company offers products such as Dell storage SC9000 array controller, Dell storage SC4020, and Dell Compellent SC8000.
Hewlett Packard Enterprise Co. - The company offers products such as HPE Greenlake for file storage, HPE Greenlake for block storage, and HPE Alletra storage.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Enterprise Flash Storage Market Scope |
|
Report Coverage |
Details |
Page number |
166 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.5% |
Market growth 2023-2027 |
USD 7,971.55 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
13.0 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 55% |
Key countries |
US, China, Japan, South Korea, and UK |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Broadcom Inc., Cisco Systems Inc., Datrox Computer Technologies Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Technologies Co. Ltd., International Business Machines Corp., Lenovo Group Ltd., Micron Technology Inc., NetApp Inc., Nimbus Data Inc., Nutanix Inc., Oracle Corp., Pure Storage Inc., Samsung Electronics Co. Ltd., StorCentric Inc., VIOLIN Systems LLC, Western Digital Corp., and Intel 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, and Market condition analysis for the 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 segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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