The global all flash array market is anticipated to be valued at USD 20,545 Million in 2022, growing at a CAGR of 15.4% from 2022 to 2032, to be valued at USD 85,990 Million. Growth is attributed to increased demand for all flash drives for their miniature size and high data transfer rates coupled with low heat dissipation which justifies its usage in data centers over the traditional hard disk drives (HDD).
| Report Attribute | Details |
|---|---|
| Expected Market Value (2022) | USD 20,545 Million |
| Anticipated Forecast Value (2032) | USD 85,990 Million |
| Projected Growth Rate (2022 to 2032) | 15.4% CAGR |
All flash array is an advanced data storage and retrieval device which is beyond the scope of spinning media. The advantages of all flash arrays include their relevant cooling quotient that dissipates less heat and helps save on power. Hence they are more adaptive in data centers where they dot draw substantially less air-conditioning power.
All flash arrays come pre-installed with features that include replication, snapshots and reduplication. All flash drives are more expensive than their counterpart spinning disks, though with multi-level flash, the solid state drives prices have nosedived.
Though multi-level flash is priced lower, it does not feature a wear-resistance as low as single-cell flash and is also considerably slower than the single-cell flash. However, the anomaly has been set right with software taking care of this little bit, making it suitable for enterprise applications. Single-cell flash still remains as the most deployed flash drive in industrial applications amidst high input/output requirements.
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
Flash drives are small in size and attributed with lower disk space and rack requirements, hence lending for easy device management. They have high data transfer rates in comparison to HDDs which is another factor in favor of the product. All Flash arrays score over their opponents, with their relevant cooling quotient that dissipates less heat and helps save on power. Hence they are more adaptive in data centers where they dot draw substantially less air-conditioning power.
All flash drives have a restraining feature that includes its non-volatile structure which fails to retain data in times of a power failure, as also with data recovery which in comparison with standard disks is even more difficult. Thus proper back-up of data is required in the event of power failure with subsequent data loss. Flash drives are also costlier than spinning media.
North America and Europe are geared for growth in the all flash array market. The market is concentrated in North America due to technological advancements in the region. A market share worth 30.5% is expected for the all flash array market in North America.
Besides, North America is attributed with high growth because of proliferating data centers in the region. Europe is next ranked for growth due to the significance of the all flash arrays in the industry verticals with an all-encompassing growth for the industry. Across Europe, all flash array is expected to yield 22.4% revenue in 2022.
Some of the key participants present in the global all flash arrays market include IBM Corporation, NetApp., Hewlett Packard Enterprise, Dell Inc., Hitachi Ltd., Seagate Technology LLC, SanDisk Corporation and Pure Storage, Inc. among others.
Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as IBM Corporation and NetApp, Inc. account for a considerable market size, several regional level players are also operating across key growth regions.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 15.4% from 2022 to 2032 |
| Market Value in 2022 | USD 20,545 Million |
| Market Value in 2032 | USD 85,990 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Storage System, Enterprise, Vertical, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC, South Africa, Israel |
| Key Companies Profiled | IBM Corporation; NetApp.; Hewlett Packard Enterprise; Dell Inc.; Hitachi Ltd.; Seagate Technology LLC; SanDisk Corporation; Pure Storage, Inc. |
| Customization | Available Upon Request |
FMI projects the global all flash arrays market to expand at a 15.4% value CAGR by 2032.
North America is expected to be the most opportunistic all flash arrays market, with a market share at 30.5%.
IBM Corporation, NetApp, Inc., and Hewlett Packard Enterprise are some prominent all flash array service providers.
| Valuation for 2024 | USD 28,432.53 million |
|---|---|
| Projected Valuation for 2034 | USD 151,354.01 million |
| CAGR for 2024 to 2034 | 18.2% |
| Market Valuation (2023) | USD 12,295.4 million |
|---|---|
| Market Valuation (2033) | USD 53,006.0 million |
| Market CAGR (2023 to 2033) | 15.7% |
| Market Size (2023) | USD 66,792.7 million |
|---|---|
| Market Projected Size (2033) | USD 1,6454,800.0 million |
| Value CAGR (2023 to 2033) | 37.9% |
Explore Electronics & Components Insights
View Reports
All Flash Array Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
