Flash-based Arrays Market Outlook from (2023 to 2033)
The global flash-based arrays market size is anticipated to broaden at a CAGR of 17.8% in the review period 2023 to 2033. The market is expected to reach US$ 76.2 billion by 2023.
The global flash-based arrays market is likely to top a valuation of US$ 391.0 billion by 2033. It is estimated to formulate a definite financial opening worth US$ 314.8 billion in the assessment period.
| Attributes |
Key Insights |
| Flash-based Arrays Market Estimated Size (2023E) |
US$ 76.2 billion |
| Projected Flash-based Arrays Market Size (2033F) |
US$ 391.0 billion |
| Value-based Flash-based Arrays Market CAGR (2023 to 2033) |
17.8% |
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Key Flash-based Arrays Market Highlights
Video Streaming Platforms to Create Growth Avenues in Asia Pacific
In Asia Pacific, content delivery and video streaming are expected to augment the flash-based arrays market. Content delivery networks (CDNs) and video streaming platforms often handle huge data traffic, such as images and video files.
Ability of flash-based arrays to provide high input/output (I/O) performance to allow quick delivery and access of content to users with low latency might drive demand. These are expected to result in faster content loading times and smoother streaming. Both these factors are likely to ensure user satisfaction and retain subscribers.
For instance, the Interactive Advertising Bureau (IAB) stated that in 2018, Asia Pacific was estimated to experience a 35% global OTT subscriber growth rate record. About 1.6 hours of online video are currently watched daily by 64% of internet users in the region.
Gaming Industry to Speed Up Sales of Flash-based Arrays across North America
The gaming industry is expected to rise quickly across North America through 2033. Fast loading times might be a significant factor for gamers as they need a seamless and immersive experience. Ability of flash-based arrays to reduce the loading time of environments, models, and textures is anticipated to drive demand.
Low-latency storage is set to be another concern for gamers in the region, which gives rise to real-time response. Players, for instance, would require minimal lag and quick access to data in online multiplayer games to allow for competitive & fair gameplay. Flash-based arrays are anticipated to help ensure a top-notch gaming experience by lowering latency.
In August 2022, Netflix and Immersive Gamebox created a new multiplayer game called Squid Game in the United States. It was inspired by the extremely hit TV series from South Korea. The real-life multiplayer game features games like ‘Glass Bridge’ and ‘Red Light, Green Light.’ Launch of similar other games in the region might propel sales.
2018 to 2022 Flash-based Arrays Market Analysis Vs. 2023 to 2033
The global flash-based arrays market expanded at an astonishing CAGR of 21.8% in the historical period from 2018 to 2022. It is anticipated to witness a CAGR of 17.8% from 2023 to 2033. The market stood at US$ 63.1 billion in 2022.
| Historical Flash-based Arrays Market CAGR (2018 to 2022) |
21.8% |
| Historical Market Value (2022) |
US$ 63.1 billion |
Increasing digitization across several companies worldwide is anticipated to help innovate their IT operations and infrastructures. Demand for low-latency and high-speed storage solutions, including flash-based arrays, are expected to rise in these companies. This is attributed to surging adoption of the Internet of things, data analytics, and cloud computing.
Emergence of edge computing is another crucial factor estimated to push flash-based array demand by 2033. Edge computing often requires highly efficient storage solutions. Flash-based arrays might deliver high performance, making them ideal for distributed environments.
Rapid expansion of virtual desktop infrastructure (VDI) and remote work solutions worldwide might further augment growth. These solutions are projected to support the need for high-performance storage solutions. Hence, companies might use flash-based arrays to enable remote employees to gain access to virtual desktops with quick load times and low latency.
Several healthcare firms and hospitals are expected to adopt medical imaging tools and digital health records through 2033. These systems often generate a vast amount of data. Hence, evaluating the information manually might not be feasible for healthcare professionals. Flash-based arrays are set to enhance patient care by offering high-resolution medical images and quick access to patient records.
Strict compliance requirements and data governance are anticipated to increase investments in high-performance & safe storage solutions. General Data Protection Regulation (GDPR), for instance, controls the transfer of personal information outside the European Economic Area and European Union. Such norms are set to push flash-based array sales as they help to comply with government norms.
Trends, Opportunities, and Challenges in Flash-based Arrays Market
The table below provides the latest trends observed in the flash-based arrays market, growth obstacles, and upcoming opportunities. Global strategy for flash-based arrays market would enable stakeholders to invest in the right area and gain profit.
| Attributes |
Key Factors |
| Latest Trends |
- Increasing adoption of 5G networks is set to propel the market as need for data processing at the edge surges.
- Growing shift from hybrid cloud models to remote work is likely to support demand amid requirement for quick access to applications.
|
| Upcoming Opportunities |
- Companies might invest in machine learning and artificial intelligence for storage management to refine data placement.
- Companies might integrate cutting-edge data analytics features in flash-based arrays to obtain real-time insights and improve business intelligence.
|
| Challenges |
- Flash-based arrays often require high investments to gain crucial benefits in terms of performance, which might not be ideal for small-scale firms.
- Unauthorized access and cyber threats are expected to be two crucial concerns across industries, which might hamper adoption.
|
Comparative Analysis of Adjacent Flash-based Arrays Markets
The global flash-based arrays market is likely to be impacted by the peer or tangential markets in the technology sector. These include other markets such as the flash calling authentication market and storage area network (SAN) market. Future market scope of flash-based arrays market can provide deeper insights that might help develop unique differentiating strategies to pursue growth and opportunity.
Out of the 3 markets, the flash-based arrays market is set to dominate, followed by the flash-calling authentication market with valuations of US$ 76.2 billion and US$ 66,792.7 million in 2023, respectively. All three markets are likely to expand amid constant innovations in the fields of artificial intelligence and machine learning.
Flash-based Arrays Market:
| Attributes |
Flash-based Arrays Market |
| CAGR (2023 to 2033) |
17.8% |
| Market Value (2023) |
US$ 76.2 billion |
| Growth Factor |
Rising demand for non-volatile memory express (NVMe) technology with need for faster data access and processing times in data analysis, healthcare, and finance industries might drive growth. |
| Key Trend |
Increasing adoption of real-time analytics, machine learning, and big data are expected to create global opportunity in flash-based arrays market. |
Flash Calling Authentication Market:
| Attributes |
Flash Calling Authentication Market |
| CAGR (2023 to 2033) |
37.9% |
| Market Value (2023) |
US$ 66,792.7 million |
| Growth Factor |
Integration of flash calling authentication systems with fraud detection platforms, biometric solutions, and authentication apps would push demand. |
| Key Trend |
Introduction of innovative features such as an added layer of security for virtual meetings and video conferencing is a key trend. |
Storage Area Network (SAN) Market:
| Attributes |
Storage Area Network (SAN) Market |
| CAGR (2023 to 2033) |
3.7% |
| Market Value (2023) |
US$ 21,400 million |
| Growth Factor |
Demand is projected to rise with surging shift of computing environments to data-centric from server-centric models worldwide. |
| Key Trend |
Emergence of artificial intelligence-based solutions for the cloud and increasing popularity of direct-attached storage (DAS) systems are expected to be significant trends. |
Country-wise Insights
The below table explains the flash-based arrays market size of the top 5 countries in the market. Global forecast of flash-based arrays industry by country states that China is anticipated to remain at the forefront by topping a size of US$ 73.5 billion by 2033.
The United States might reach US$ 66.5 billion in 2033. Japan is expected to follow China and the United States to create a moderate flash-based array demand worth US$ 53.2 billion.
| Country |
Market Value (2033) |
| United States |
US$ 66.5 billion |
| United Kingdom |
US$ 12.5 billion |
| China |
US$ 73.5 billion |
| Japan |
US$ 53.2 billion |
| South Korea |
US$ 16.6 billion |
In the below table of the global opportunity for flash-based arrays, CAGRs of the top 5 countries are provided. Out of the 5, the United States and China are likely to remain in the leading positions by exhibiting the same CAGR of 17.7% from 2023 to 2033. Followed by these, Japan and the United Kingdom are expected to witness flash-based array sales at CAGRs of 17.6% and 17.5%, respectively.
| Country |
Value-based CAGR (2023 to 2033) |
| United States |
17.7% |
| United Kingdom |
17.5% |
| China |
17.7% |
| Japan |
17.6% |
| South Korea |
17.3% |
Data-intensive Firms in the United States to Use Flash-based Storage
The United States is anticipated to construct a specific profit potential of US$ 53.5 billion from 2023 to 2033. It expanded at a CAGR of 21.6% from 2018 to 2022 in the flash-based arrays market.
Flash-based array demand is likely to skyrocket in the United States in a highly competitive business environment. Increasing focus on innovation and technology is expected to compel organizations to adopt flash-based arrays to compete with their rivals.
The United States is also home to several sectors, such as technology, healthcare, and finance, that are mainly dependent on data. These industries often need to process vast data volumes in real-time and require high-performance storage systems. Flash-based arrays are projected to be an ideal part of these organizations to help them make data-driven decisions.
Online Retailers in the United Kingdom to Adopt Solid-state Storage Arrays
The United Kingdom is likely to generate a tangible financial prospect of US$ 10.1 billion in the review period. It grew at a CAGR of 21.1% in the historical period in the flash-based arrays market.
The United Kingdom has a well-established financial services sector. London, for instance, mainly relies on low latency and fast data access to initiate real-time risk analysis, manage trading systems, and conduct financial transactions.
Ability of flash-based arrays to refine competitiveness and operational efficiency is expected to bolster their demand in the financial sector. Ongoing expansion of online retail and e-commerce platforms is another significant factor pushing demand in the United Kingdom. These arrays help online retailers to improve customer experiences.
Government Investments in Flash Storage across China to Fuel Sales
China is projected to develop a concrete monetary potential worth US$ 59.0 billion from 2023 to 2033. It registered a considerable CAGR of 21.5% in the historical period in the flash-based arrays market.
Technological advancements and ongoing economic growth are a couple of leading factors accelerating the market in China. These have resulted in increasing digitization and data generation efforts.
Companies based in China are likely to adopt flash-based arrays to cater to the unmet needs of cloud computing, artificial intelligence, and big data analytics. Government agencies in the country might further invest in technological innovations to foster the use of flash storage equipment.
Adoption of Automation in Japan to Expand Demand for All-flash Arrays
Japan is expected to create a measurable financial benefit of US$ 42.7 billion in the assessment period. It recorded a steady CAGR of 21.4% in the historical period in the flash-based arrays market.
Industrial and manufacturing sectors in Japan are likely to be the prominent consumers of flash-based arrays. Japan-based organizations are set to invest in automation and precision manufacturing. This might make them depend mainly on high-speed data storage and access.
Leading companies in the country are anticipated to use data storage solutions for robotics, supply chain management, and quality control. They are projected to enhance the reliability and efficiency of these arrays in their production processes.
Consumer Electronics Companies in South Korea to Push Sales through 2033
South Korea is estimated to formulate a definite financial opening worth US$ 13.3 billion by 2033. Between 2018 and 2022, the country propelled at 20.8% CAGR in the flash-based arrays market.
South Korea houses several renowned technology giants such as LG and Samsung. The country is set to be at the forefront of technological advancements in semiconductor and consumer electronics manufacturing.
Companies in South Korea are anticipated to broaden their presence, thereby relying on flash-based arrays. These are set to help them to produce unique consumer electronics, initiate semiconductor fabrication, and conduct research & development. These are likely to offer high reliability to handle massive data networks and complex designs.
Category-wise Insights
The table below highlights global demand for flash-based arrays by product type. Under product type, the hybrid flash arrays segment, while smaller, is set to showcase a significant CAGR of 17.6% through 2033. It is expected to be followed by the all-flash arrays segment.
| Category |
Product Type |
| Sub-category |
Hybrid Flash Arrays |
| Value-based CAGR (2023 to 2033) |
17.6% |
Hybrid Flash Storage Arrays to be Highly Preferred among Companies
Regarding product type, the hybrid flash arrays segment is estimated to witness a CAGR of 17.6% by 2033 in the flash-based arrays market. It expanded at a CAGR of 21.6% during the historical period.
Cost-effectiveness is one of the most critical factors pushing hybrid flash-based array sales worldwide. Conventional hard disk and flash drives are conveniently blended into a hybrid flash array.
It is anticipated to provide companies with high performance and speed for accessing data consistently. This might further allow for the adoption of budget-friendly hard disk drives to create a balance between cost and performance.
Traditional hard disk drives are much slower than solid-state drives. However, incorporating flash storage options in hybrid arrays might accelerate system performance. It is expected to lead further to faster write and read speeds with the presence of a flash tier.
Large Enterprises Might See a Dip in Disk Storage Array Adoption
The table below highlights the global demand for flash-based arrays by organization size. Under organization size, the large enterprise segment, while smaller, is set to showcase a significant CAGR of 17.4% through 2033. It is expected to be followed by the SME segment.
| Category |
Organization Size |
| Sub-category |
Large Enterprises |
| Value-based CAGR (2023 to 2033) |
17.4% |
Based on organization size, the large enterprises segment is expected to witness a CAGR of 17.4% from 2023 to 2033 in the flash-based arrays market. It showcased a considerable growth at 21.4% CAGR from 2018 to 2022. This shows that growth of this segment might decline at a rate of 4% per year.
Large enterprises are expected to deal with demanding and complex computing programs. Ability of flash-based arrays to boost processing, application loading, and data retrieval times might spur demand. These are anticipated to accelerate employee productivity by reducing wait times.
Large enterprises are also set to invest in big data and data analytics programs to gain in-depth insights into the latest market trends, clients, and operations. Flash-based arrays might be used to analyze, process, and evaluate confidential data. These will likely ensure that business intelligence and analytics are performed in real-time.
The 4% decline in growth of the segment, however, might result from rising demand from small and medium enterprises (SMEs). These companies are projected to deal with e-commerce, customer relationship management (CRM), and data analytics. They are expected to use flash-based arrays to maintain their workload and push customer engagement.
Competitive Landscape
Flash-based array providers are expected to invest considerable sums in research and development initiatives to enhance the software & hardware components of their products. They are anticipated to develop reliable and faster NAND flash memory for refining data management algorithms.
As non-volatile memory express (NVMe) technology has become prevalent globally, companies are set to integrate it into their portfolio. This would enable them to provide their clients quick data access speeds and superior performance.
A handful of companies might improve their existing range of flash-based arrays. They can launch new analytical capabilities and unique data management characteristics. This includes encryption, compression, analytics tools, and built-in data deduplication. Such features are expected to help data centers gain insights into their storage and data efficiency.
For instance,
- In June 2023, Pure Storage, Inc. a United States-based company, launched FlashArray//E and FlashArray R4 platforms. These are considered the ideal solutions for data centers looking for innovative storage systems for handling massive workloads.
- In May 2023, NetApp, Inc., a United States-based data and storage management firm, revealed its debut block storage-only appliance. It aims to make its storage portfolio simple for SAN customers, who now use the company's universal arrays of storage for block storage.
- In April 2023, Hewlett Packard Enterprise (HPE), a multinational IT company based in the United States, improved its storage-as-a-service (SaaS) portfolio by joining hands with Greenlake. The SaaS platform would help to protect data, block storage, recover offerings, and store files.
Scope of the Flash-based Arrays Market Report
| Attribute |
Details |
| Estimated Flash-based Arrays Market Size (2023) |
US$ 76.2 billion |
| Projected Flash-based Arrays Market Valuation (2033) |
US$ 391.0 billion |
| Value-based Flash-based Arrays Market CAGR (2023 to 2033) |
17.8% |
| Historical Data |
2018 to 2022 |
| Forecast Period |
2023 to 2033 |
| Quantitative Units |
Value (US$ billion) |
| Segments Covered |
- Product Type
- Organization Size
- End-Use
- Region
|
| Regions Covered |
North America, Latin America, East Asia, South Asia Pacific, Western Europe, Eastern Europe, Middle East & Africa |
| Key Countries Covered in Flash-based Arrays Market |
United States, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, Russia, GCC Countries, India, China, Japan and Australia |
| Key Companies Profiled in Flash-based Arrays Market |
- Dell EMC
- Fujitsu Ltd.
- Hewlett Packard Enterprise Development LP
- Hitachi Data Systems Corporation
|
Flash-based Arrays Market Outlook by Category
By Product Type:
- Hybrid Flash Arrays
- All Flash Arrays
By Organization Size:
By End-Use:
- BFSI
- IT & Telecom
- Industrial
- Other End-Uses
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
Frequently Asked Questions
What is the size of the flash-based arrays market?
The flash-based arrays market size is set to reach US$ 391.0 billion by 2033.
Who are the leaders in the flash-based arrays market?
Dell EMC, Fujitsu Ltd, and Hitachi Data Systems Corporation are leading players.
What are the future trends for flash-based arrays?
Shift toward remote work and adoption of 5G are the future trends of flash-based arrays.
Which country would dominate the flash-based arrays market?
China is set to dominate the flash-based arrays market by 2033.
What are the two types of flash-based arrays?
Hybrid flash arrays and all-flash arrays are the two types of leading products.
