The Data Center Flash Storage Market Is Expected To Reach Around $25 Billion, Growing At A CAGR Of Nearly About 17% During 2020–2024

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Shibuya Data Count

Feb 03, 2021, 04:28 EST

Shibuya-ku, Tokyo, Japan, Japan, Feb 03, 2021, 04:28 /Comserve / -- Major Vendors: Dell Technologies, Hewlett Packard Enterprise, International Business Machines (IBM), NetApp, Pure Storage

The data center flash storage market is expected to reach around $25 billion, growing at a CAGR of nearly about 17% during 2020-2024. The data center flash storage market is driven by the growing demand for flash storage solutions in the cloud environment. Investments by cloud service providers Microsoft, Google, AWS, and Alibaba and enterprise colocation of data centers to run hybrid infrastructure services will boost revenues in the global market. The market research report provides in-depth market analysis and segmental analysis of the data center flash storage market by systems, end-users, and geography.

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Major Vendors

• Dell Technologies
• Hewlett Packard Enterprise
• International Business Machines (IBM)
• NetApp
• Pure Storage

Key Vendor Analysis

Vendors in the all-flash storage market are continuing to upgrade and innovate their system efficiency to perform storage tasks such as replication, deduplication, and thin provisioning. All major players in the storage market have reinvented their portfolio to add NVMe-based storage systems, which are likely to gain a major share in the overall data center flash storage market during the forecast period. QLC NAND technology is expected to witness high adoption with the reduction in the SSD cost in the market. Leading industry players are also concentrating on offering systems that support a mix workload environment such as cloud, big data, artificial intelligence, and IoT application workloads. The report profiles the leading players in the market and provides a complete market share analysis of the data center flash storage market in terms of system revenue and SSD capacity shipment.

Data Center Flash Storage Market: Segmentation

This market research report includes a detailed segmentation of the data center flash storage market by systems, industries, and geography.

Storage Area Network (SAN), Network Attached Storage (NAS), and Direct Attached Storage (DAS) are the three significant system architecture in the data center environment. The SAN segment has dominated the market and is expected to grow at a CAGR of around 18% during the forecast period. SAN systems enable the block-level access to data and are based on the interconnection scheme such as FC SAN and iSCSI SAN. FC SAN enables communication between the server and the external storage system at a speed of 2−32 Gbps, whereas iSCSI SAN communication can be achieved over the Ethernet network. SAN is one of the most common storage networking architectures used for business-critical applications for high throughput and low latency. The advent of flash storage solutions has prompted vendors to redesign their SAN systems to support hybrid disk and all-flash-only storage systems.

Cloud/IT services, BFSI, healthcare, media and entertainment, and others are the prominent end-users of the data center flash storage market. Cloud/IT services are dominating the market and are expected to grow at a CAGR of 18% during 2018–2024. These services are offered cloud service providers (CSPs) and other managed hosting services providers. Cloud/IT services are offered as Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). Cloud service providers procure of a variety of systems that include all-flash SAN, NAS, and server-side SSD products. They are constantly innovating their systems and architecture to increase the effectiveness of flash systems in data centers. Amazon Web Services, Google, Alibaba, and Microsoft are a few leading cloud service providers worldwide.

Table of Content

1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
4.4.1 Market Segmentation by Systems
4.4.2 Market Segmentation by Industries
4.4.3 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

The report considers the present scenario of the data center flash storage market and its market dynamics for the period 2018−2024. The study covers a detailed overview of various market growth enablers, restraints, and trends. It covers both the demand and supply aspect of the market. The report profiles and examines leading companies and several other prominent companies operating in the data center flash storage market.

Request to Fill The Form To get Sample Copy of This Report:

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

Key Market Insights

• Offers market sizing and growth prospects of the data center flash storage market for the forecast period 2019–2024
• Provides comprehensive insights on the latest industry trends, market forecast, and growth drivers in the data center flash storage market.It includes a detailed analysis of market growth drivers, challenges, and investment opportunities
• Delivers a complete overview of market segments and the regional outlook of the data center flash storage market
• Offers an exhaustive summary of the vendor landscape, competitive analysis, and key market strategies to gain a competitive advantage in the data center flash storage market

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Lauren Brown

Shibuya Data Count
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