The global data center flash storage market by SAN systems is expected to grow at a CAGR of around 18% during the forecast period.
Arizton’s recent market research report on the global data center flash storage market provides a detailed industry analysis, trend forecasts, and competitive assessment. This research report provides a detailed analysis of market segmentation by systems (direct attached storage, storage area network, and network attached storage), end-users (cloud/IT services, BFSI, healthcare, retail, and others), and geography (APAC, Americas, Europe, and MEA). Dell Technologies, Hewlett Packard Enterprise (HPE), IBM, NetApp, and Pure Storage are identified as the leading vendors that are likely to dominate the market during the forecast period.
The global data center flash storage market is expected to reach over $24 billion by 2024, growing at a CAGR of more than 16.5% during 2018–2024.
The inefficiency of traditional HDD-based drivers to support demanding applications in the modern data center environment is driving service providers to replace them with high performance and low latency all-flash storage solutions. All-flash storage solutions have proven effective in reducing space and power consumption and increasing the performance of data center infrastructure.The big data analytics, artificial intelligence, and IoT technology adoption is to be a major driver for the growth of the market during the forecast period.The market is divided into three major segments - systems, end-users, and geography.
SAN to grow at the fastest incremental rate in the flash storage market
The storage area network (SAN) enables a block-level access to data. The SAN is based on the interconnection scheme such as FC SAN and iSCSI SAN. The global data center flash storage market by SAN systems is expected to grow at a CAGR of around 18% during the forecast period. In terms of adoption, the deployment of SAN/Unified storage systems is higher than NAS/Object storage systems and server-based SSD systems. SAN systems are the most common storage networking architecture used for business-critical applications with high throughput and low latency. Modern SAN deployments are being carried out with all-flash storage for high performance and low latency. The use of SAN storage systems in data centers includes database, virtualization, and VDI deployments, ERP, and CRM. SAN systems will increase their dominance as their price is expected to decline over the forecast period.
The penetration of IoT technology in the healthcare sector has increased data growth by over 50%
The use of all-flash storage solutions has grown significantly in the healthcare sector. Many healthcare organizations in developed countries have migrated from paper-based medical records to electronic medical records (EMR). In addition, regulatory compliances are driving the demand for efficient and scalable storage systems among healthcare data center operators. The increase in big data analytics and AI in the healthcare sector helps in preventing medication errors, identifying high-risk patients, reducing hospital costs and wait times, thereby enhancing patient care is driving storage investment in the market. All-flash storage systems are predominantly used for faster access to patients records. This speedy data access helps to improve diagnosis and enable effective treatment with minimal complications. The increasing penetration of IoT technology in the healthcare sector has increased data growth by over 50%.
The Americas region is the largest contributor to the IT infrastructure and flash storage market
In the Americas, the US dominates with over 95% market share, followed by Latin America and Canada. The Americas market is witnessing investments from colocation providers, hyperscale data center operators, enterprises, and government agencies. In 2018, the data center market in Americas witnessed around 160 facilities development that include investment in new facilities as well as the expansion of existing data center space. The Americas is the largest contributor to the overall IT infrastructure revenue with an estimated investment of around $50 billion, with around 35% is contributed by storage infrastructure solutions. In the all-flash storage market, the Americas generate over 45% of revenue, with over 40% revenue contribution from the US. The data center flash storage market in Americas is expected to reach revenues of over $10 billion by 2024. In January 2018, Microsoft acquired storage infrastructure provider, Avere Systems. The company provides flash-based NAS storage systems, and the virtual instance of the appliance is available in Microsoft,AWS, and Google. Manufacturing, automotive, media and entertainment, and heavy industries sectors will add more revenue with sizable contribution from developed all-flash markets such as BFSI and healthcare.
The complete overview of the latest market research report on the global data center flash storage market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges, and provides the market size and forecast for major geographical regions and key countries.
Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
+1 302 469 0707
Jun 25, 2021
What are the Factors Impacting the Growth of the Global Smart Coatings Market?
Sherwin-Williams, AkzoNobel, PPG Industries, 3M, and Axalta Coating Systems are the major players an...
Jun 25, 2021
Is Cloud Based Service the Big Thing in the Data Center Market in US?
South East is the developed data center market in US. Recently, more than 35 data centers were devel...
Jun 24, 2021
Digital Health Technologies are on the Rise During the COVID-19 Pandemic – Arizton
The search volume for COVID-19 related healthcare products has increased by 200% during the pandemic...