COVID-19 Impact On All-Flash Array Market Driver Analysis, Material Outlook, Manufacturing Cost Analysis By 2024 | Dell Technologies, Hewlett Packard Enterprise, NetApp

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COVID-19 Impact On A

iCrowdNewswire   Dec 31, 2020  5:00 AM ET

Market Research Future (MRFR) highlights that the Global All-Flash Array Market 2020 is slated to grow exponentially over the review period, estimated to touch a valuation of USD 16.21 billion by 2024, and a healthy 20.56% CAGR over the review period

Market Research Future (MRFR) evaluates the value of all-flash array market 2020 to be USD 16.21 billion by 2024. The market is also anticipated to advance at a noteworthy rate of 20.56% between 2019 and 2024, which is the assessment period. We will provide COVID-19 impact analysis with the report. The COVID-19 impact on the market has been carefully studied, following which the report outlines the key developments post the coronavirus disease outbreak.

COVID-19 Analysis

Since the outbreak of novel coronavirus, all-flash array vendors have been working on securing their supply chains, and deal with various pressing concerns. Although the lockdown is still in place and the social distancing is still prevalent, market leaders are preparing for the time when the spread of SARS-CoV-2 diminishes the things start to recover. To deal with the challenges posed by the pandemic, the players are continuously devising strategies to reimagine their business models. 

Since the advent of COVID-19 outbreak and the consequent lockdowns imposed, people have been adopting new methods of studying, working and communicating via videoconferencing along with various advanced technologies. These trends have been beneficial for the semiconductor industry, giving way to growth possibilities for components like all-flash arrays. As a backup, several governments across the globe have been providing incentives as well as subsidies.

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Primary Drivers and Main Barriers                                   

The widespread deployment of all-flash arrays in data centers is touted to be a chief boosting factor in the worldwide market. With enterprises shifting their data to the cloud-based storage, storage infrastructure such as all-flash array has been observing massive boost since then. These semiconductors are in high demand across diverse industries such as healthcare, telecom, BFSI, and more, to facilitate better-performance computing and storage workloads.

Moreover, growing prevalence of advanced technologies such as machine learning and artificial intelligence is encouraging the use of all-flash arrays for catering to the mounting requirement for real-time data processing. 

Top Competitors:                                               

The key players profiled in the all-flash array market research report are Dell Technologies (US), Hewlett Packard Enterprise (US), NetApp, Inc. (US), Pure Storage (US), IBM Corporation (US), Huawei Technologies Co. Ltd (China), Western Digital Corporation (US), Hitachi, Ltd (Japan), Kaminario (US), and Micron Technology, Inc. (US).

Segmental Review 

The all-flash array industry can be considered for storage pattern, flash media and end user.

  • The storage patterns specified in the study are block, object and file. The block storage segment has the potential to secure the leading spot in the market given its rising use in various end-use applications that demand several transactions in real time.
  • Depending on flash media, the categories include solid-state drives (SSD) and custom flash modules (CFM). In 2018, the leading segment was identified to be SSD, but the highest expansion rate is expected to be clinched by the CFM segment during the conjectured period. CFM provides multiple benefits that include wide space and better power efficiency, more affordability, boosted capacity density as well as flexibility and more.
  • Key end users in the worldwide industry include telecom, media and entertainment, healthcare, government, BFSI, commercial institutions, and others.

Regional Insight 

The regional segmentation of the all-flash array market comprises Europe, North America, APAC/Asia Pacific, and RoW/the rest of the world. 

Between 2019 and 2024, the market leader across the globe can be APAC, as a result of the surge in automation across several industries make huge demand for all-flash array. Also, the expanding pool of data centers across India and China combined with the easy availability of lower priced raw materials encouraging large-scale production of affordable all-flash arrays boost the industry outlook of the region. 

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TABLE OF CONTENTS:

  1. Market Introduction
  2. Research Methodology
  3. Market Dynamics
  4. Executive Summary
  5. Market Factor Analysis
  6. All-Flash Array Market, By Segments
  7. Competitive Analysis

Continued…

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