From 2022 to 2030, it is anticipated that the Zoned Flash Market would grow at an astronomical CAGR of 36.7 percent.

The global zoned flash market is currently valued at US$ 296 million, and by the end of 2032, it is expected to grow at an astounding CAGR of 36.7 percent to reach US$ 3.59 billion. The zoned flash market has undergone substantial expansion as a result of the adoption of solid state drives (SSDs). SSDs have significantly improved file-transfer speeds and access times for enterprises dealing with huge volumes of data, such as programming environments or analysis.

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Key Takeaways

  • A staggering 36.5% CAGR – at which the market is likely to grow
  • East Asia is anticipated to emerge as a major hub, attributed to surging business volumes
  • SMEs to acquire significant pace, expanding at a noteworthy CAGR of 41.3% due to expanding scope of operations
  • SSD management software solutions shall experience major traction, reach a value of US$ 2.6 Bn by 2030
  • Non Volatile Memory Express (NVMe) host controller specifications are touted to be the frontrunners of the zoned flash market in coming years

COVID-19 Impact Analysis

There are some industries that are projected to survive when the world enters a recessionary crisis, like the segmented flash market.

While major growth restraints in infrastructure and budgets are anticipated, there is a negligible chance that there will be insufficient storage to meet the demands of the digital universe. The demand for digital data storage facilities is multiplying as businesses increasingly permit remote working arrangements.

Incidences of cyberattacks skyrocketed as the epidemic spread over the past several months, with many firms reporting multiple instances of data theft and compromise across internet platforms. Companies have increased their investment in hardware-based storage devices as a result, creating growth opportunities for the zoned flash industry.

As a result, in the near future, it is expected that the zonal flash market would follow a favourably sloped curve.

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Competitive Intelligence

Prominent players within the zoned flash market are striving towards developing robust data storage solutions by doling out new hardware devices integrated with smart solutions to capture a broader customer base. In addition, they are investing in partnerships, collaborations and acquisitions to expand their market footprint.

IBM Corporation and Radian Memory Systems have made significant strides with regard to zoned flash systems. In February 2020, both corporations undertook a live demonstration of Radian Zoned Flash SSDs with IBM’s software defined log-structured array storage management stack at the USENIX FAST Conference.

Western Digital is another prominent player within the global zoned flash market. Its Open Flex Solution was recently selected by the ICM Brain and Spine Institute to streamline critical cures and treatment options. The solution helps doctors capture, share and analyze patient data from multiple clinical imaging tools across different labs.

Valuable Insights on the Zoned Flash Market

A recent market study published by Future Market Insights (FMI) on the zoned flash market includes a global industry analysis for 2019 and opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. The report includes a detailed segmentation based on component (zone flash SSD and SSD management software), drive interface (SATA and SAS), end-user (data centre, enterprise and others) and region (North America, Europe, Latin America, East Asia, South Asia & Pacific and Middle East & Africa).

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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