Flash-Based Array Market to Grow with a High CAGR and Forecast to 2033
The "Flash-based Array
Market: Global Industry Analysis and Forecast" report from
Persistence Market Research (PMR) projects that the market for flash-based
arrays will expand quickly, with a CAGR of 18%, and will reach US$ 62,840.2
Million by the end of 2024.
Key
Driver Insights
Shrinking cost and impressive performance
capabilities of flash arrays have emerged as the two most favourable growth
factors providing an impetus to the global flash-based array market.
Widespread use of flash-based arrays for
high-intensity transactional workloads and development of virtual storage
infrastructure is likely to drive the sales of flash-based array worldwide.
Key
Trends and Opportunities
Robust adoption of mobile devices, cognitive
systems, machine learning, cloud computing, Internet of Things (IoT), and
artificial intelligence is necessitating real-time data processing to enable
resourceful service delivery along with the flexibility of time. Another
significant trend identified was that star-ups hold an important position in
the market as these enterprises provide cutting edge storage solutions through
flash-based SSD capable of storing data on a solid-state flash memory.
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more info @ https://www.persistencemarketresearch.com/market-research/flash-based-array-market.asp
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