Lucintel Forecasts Flash Based Array Market to Grow at a CAGR of 17%-19%

According to the recent study the flash based array market is projected to grow at a CAGR of 17%-19% from 2020 to 2025. Growth in this market is primarily driven by increasing adoption of cloud computing, mobile devices, Internet of things, cognitive systems, artificial intelligence, and machine learning.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in flash based array market by product type (all-flash array and hybrid flash array), end use industry (BFSI, healthcare, media & entertainment, IT & telecommunication, retail, governments, manufacturing, and others), storage capacity (less than 100 TB, between 100 TB to 500 TB, between 500 TB to 1 PB, and more than 1 PB ), enterprise type (large enterprise and SMEs), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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 “Hybrid flash array market is expected to remain the largest segment during the forecast period.”

Based on product type, the flash based array market is segmented into all-flash array and hybrid flash array. Lucintel forecasts that the hybrid flash array market is expected to remain the largest segment over the forecast period due to increasing use in data centers.

“North America will dominate the flash based array market in near future.”

North America is expected to be the largest region over the forecast period due to growth in data centers and internet of things.

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Major players of flash based array market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. IBM, Oracle, Pure Storage, Hewlett Packard Enterprise Development, NetApp, Fujitsu Limited, Hitachi Data Systems Corporation, Huawei Technologies, Dell EMC, and Kaminario are among the major Flash based array providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/flash-based-array-market.aspx or helpdesk@lucintel.com.

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