Cloud computing in the AFA market is expected to grow at the highest rate during the forecast period

 The All-Flash Array Market was valued at USD 5.9 billion in 2018 and is expected to reach USD 17.8 billion by 2023, at a CAGR of 24.53% from 2018 to 2023. Major growth drivers are increasingly used in data centers. Further, factors such as flexibility, installation, maintenance, and size are also driving the AFA market. Moreover, increasing need for real-time data processing and increasing deployment of AFA storage in artificial intelligence (AI) and machine learning (ML) applications are expected to fuel the growth of the market in the coming years. Issues related to performance and drive failure are acting as a major challenge for the growth of the all-flash array market.

CFM currently hold less share in the AFA market, however it is expected to grow at a faster rate. The high growth of CFM can be attributed to improved space efficiency, power, performance, price, capacity density, and flexibility. Currently, a small number of AFA vendors (such as Violin Memory and IBM) use CFMs; however, demand for CFMs is expected to increase in future because of their advantages such as less physical space, less power, and less cooling.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=41080938

Demand for object-based storage is growing at a fast rate because of applications such as big data analytics, IoT, and cloud storage technology. Object-based storage offers easy sync, share, and distribution of data. New data sources such as IoT, cloud privatization, and video surveillances are generating tremendous amount of data constantly. Object storage offers better operational efficiency for cloud by allowing back and forth data movement without application change. Through data management software, a large amount of data can be stored at low cost on a read-only basis.

Cloud computing in the AFA market is expected to grow at the highest rate during the forecast period. Cloud computing is becoming one of the preferred options for enterprises and consumers to back up and archive their data. Demand for AFA has been rapidly increasing with the emerging number of cloud platforms—from the traditional corporate private and new public clouds to personal clouds in homes.

The AFA market in RoW is expected to grow at a faster rate during the forecast period. The Middle East has high opportunities in the energy industry. Oil and gas industry requires advanced data computing, processing, and storage solutions to analyze seismic data. Africa is expected to quickly adopt the cloud storage market. Brazil and other Middle Eastern countries are expected to grow considerably in aerospace & defense, energy, education & research, and media &

entertainment, generating demand for data storage to adopt the advanced operations through data analytics.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441