All-flash array storage disk systems have been observing high demand across several industrial verticals in the recent times. These systems allow data to be shared and retrieved across functions and significantly helps with unparalleled data mobility speeds. An all-flash array is defined as the solid state storage disk system integrated with multiple flash memory drives.
Flash memory is a type of nonvolatile memory which can be reprogrammed and expunged in units of memory known as blocks. Rising adoption of cognitive systems, Internet of things, artificial intelligence, and mobile devices is necessitating real-time data processing in order to facilitate flexibility of time and resourceful service delivery, eventually boosting the demand for flash-based arrays.
According to a recent publication, several health organizations that collect data from connected mobile devices are looking for more effective storage solutions to manage the flood of data in order to meet up their forthcoming health IT infrastructure demands. Flash-based arrays, in healthcare market, will witness growth further. Though, it will grow at the sluggish pace.
The Recent Innovations
According to the recent news, Nimble Storage, the leading company providing hybrid flash and all-flash storage array have lately launched a new all-flash storage array with the initial cost of $40,000. The product has 11 TBs of raw capacity. The company has entirely refreshed this novel hybrid flash array line with lower cost and greater performance. Recently, IBM had expanded its highest-end all-flash storage array family with the novel models. These models aim the mainframe consumers along with the other users with stringent uptime requirements.
As stated by Eric Herzog, the VP of marketing and management in IBM storage and software defined infrastructure, the expanded family of all-flash arrays (DS8880) hold true high availability to the flash storage. As the need for flash storage has now become abundant in industries from entry level to the mainframe, the top most manufacturers in the global market are focusing on generating flash-based arrays with more advanced and effective properties.
The Upcoming Analysis
North America is likely to experience the high demand for flash- based arrays, mainly for all flash-based segment. The segment is expanding at the significant pace and is likely to record a CAGR of over 24% during the forecast period (2016-2024). On the other hand, the hybrid flash segment contributed for high revenue share of around US$ 5,000 million in 2015 and is expected to dominate in the near future. Revenue of large enterprises segment in North America is projected to lead during the assessment period. Small to medium enterprise (SMEs) will grow lucratively with the strong CAGR of over 18% over the aforesaid period of time.
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Large enterprises collected the revenue of more than US$ 1,500 million in 2015. The intensifying need for innovative storage systems has augmented promptly owing to the rapid expansion in unstructured and big data. The key market players look for the processes that can be easily accessible and implemented. Further, the accelerating need for storage systems that are highly efficient for big data and unstructured data will build positive market avenues in the near future. This will encourage the top most participants to produce more innovative solutions in the global market.