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Enterprise flash storage is mainly used in enterprise infrastructures as centralized caching solutions, file servers and remotely. The most common solution uses Xpoint 3D readers. Other technologies such as memory drives have been used to provide better access between solid-state and magnetic storage, but this remains a niche market due to its high failure rates.
Enterprise flash storage markets have been the fastest growing market segments, with a projected growth of 6.99% CAGR from 2019 to 2022. The fastest growing segment is SAN servers , with a faster performance rate than disk-based models. However, disk storage will still dominate most of the market within product type as enterprise storage arrays are not as expensive as needed with a range of hardware and software support required for efficient operation of the bay. White boxes (service providers) hold a large share of the SAN server market. A player fulfills most of these requirements; global competition has driven prices down, so White Box vendors can get away with it easily.
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Overview of Global Enterprise Flash Storage Market Growth
In the global enterprise flash storage market, product type plays a vital role in industry trends and revenue share. For more than 15 years, mechanical drives have been the dominant product category. However, in 2017, hard drives accounted for more than 50% of global enterprise storage system revenue. In addition to mechanical drives and hard drives, solid-state drives vary in size and cost, with performance varying rapidly as prices drop.
Key Industry Drivers
Major industry drivers, such as the popularity of apps and the growing penetration of smartphones, are fueling the need for new innovations in enterprise storage. The push to flash is a no-brainer, but what will differentiate a vendor over time is whether they can deliver solutions that address these key industry drivers better than their competitors.
Enterprise flash storage industry dynamics
The global enterprise flash storage market is expected to reach a valuation of US$30.1 billion in 2021, with the fastest growth rates seen between 2011 and 2017. software.
Factors Affecting Market Growth
The rise of the TCM bespoke compute module and the rise of shared storage are two factors influencing product design. Storage should also be more tightly coupled to applications, maximizing performance and reducing costs. These converging trends will help shape the value of vertically oriented markets such as financial services and big data analytics over the next few years.
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2019 2027 Global Enterprise Flash Storage Market Size, Share, Trends and Forecast
Enterprise flash storage is essentially highly dense and resilient non-volatile memory that powers all enterprise systems. Moreover, the flash storage capacity can range from 15 GB to 1 TB, which influences the IT infrastructure. This can be achieved by hardware (chips) or software.