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Growing Demand for Data Security Driving Global All Flash Storage Market

News   •   Jan 17, 2018 08:06 EST

ALBANY, New York, January 2, 2017 – The analysts at Transparency Market Research (TMR) has notified that while the market for cloud-based storage is flourishing, the demand for enterprise data storage hardware is shrinking and the pattern will continue in the near future too. However, the all flash storage segment is performing well and the demand for the same will proliferate during the forecast period of 2016 to 2024, gaining from the increasing need for data security as well as measures that enable faster transfer of data. The report, titled “All Flash Storage Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024,” targets audiences such as manufacturers of hardware storage devices, small and medium enterprises (SMEs), investment banks, and suppliers and distributors of these hardware, aspiring to aid them as a reliable decision making business tool.

The analysts of this report have developed a comprehensive study regarding the commerce of the market for all flash storage, beginning with an elaborative executive summary of the current condition and its future prospects. Then, there is a dedicated analysis chapter on various factors that may define the demand going forward, such as trends, drivers, challenges, and opportunities. Strong impetus has also been put on the segmentation of the market as it is essential for any business to identify which aspects have stronger demand rather than concentrating on a tradition. To complete a through business study, the report finishes off with a featured section on the competitive landscape of the global all flash storage market, wherein top three and top five companies have been identified for their market shares, recent strategic decisions, product portfolio, and geographical presence.

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Primarily in the form of solid state storage disks, all flash storage not only ensure the security of data but also goes a long way towards decreasing power consumption. All-flash storage systems are strikingly faster than hard drives and offer enhanced performance abilities especially in terms of speed. To achieve a complex data operation, flash storage can ease the workloads and as a number of businesses are dependent on quick processing of input data, the demand in the global all flash storage market is augmenting. In addition to that, rapid ubiquity of devices that are integrated with flash storage such as smartphones and laptops in the recent past, technological advancements, and scalability offered that can provide flexibility to enterprises are some of the other factors augmenting the demand in the global all flash storage market. On the other hand, high cost of these storage devices is foreseen as the primary restraint over the prosperity of the market. That being said, ongoing technological advancements are expected to lead to the development of more affordable all flash storage and open new opportunities for the stockholders connected to the market for the same.

Application-wise, the global all flash storage market can be segmented into consumer data storage and enterprise data storage, whereas end use bifurcation of the market can be done into data centers, small and medium enterprises (SMEs), large enterprises, and others. Geographically, the report gauges the potential of demand that can be expected from the important countries in every important region such as Asia Pacific, Europe, North America, South America, and the Middle East and Africa. For each of these regions, the report provides insights on how the demand has evolved in the recent past and how it can be expected to spread during the course of the forecast period.

IBM Corporation, Dell EMC, Oracle Corporation, Hewlett Packard Enterprises, NetApp (SolidFire), Nimbus Data, Pure Storage, Inc., Hitachi Data Systems, Violin Memory, Inc., SanDisk (Western Digital Corporation), Kaminario, and Cisco Systems, Inc. are some of the key companies currently ahead of the curve in the global all flash storage market.