Researchers at MarketsandMarkets find great hope for the all-flash memory array market. According to the company’s report, "All-Flash Array Market by Flash Media (Custom Flash Module (CFM) and Solid-State Drive (SSD)), Storage Architecture/Access Pattern (File, Object, and Block), Industry (Enterprise, Government, cloud, and Telecomm), and Geography - Global Forecast to 2023", the market was valued at $5.9 billion in 2018 and is expected to reach $17.8 billion by 2023, at a CAGR of 24.53% from 2018 to 2023. Major growth drivers are increased use in data centers. Other factors such as flexibility, installation, maintenance, and size are also driving the market.
- CFM based AFA market to grow at highest CAGR during forecast period
- AFA component market for block storage to be dominant during forecast period
- RoW is expected to grow at highest CAGR during forecast period
- Key players in the AFA market include Dell (US), Hewlett Packard Enterprise (HPE) (US), NetApp (US), Pure Storage (US), IBM (US), Huawei (China), Western Digital (US), Hitachi (Japan), Kaminario (US), and Micron (US).