Future Market Insights (FMI) in its recent report projects that the global zoned flash market will be reflecting a stellar CAGR of 36.5% across the 2020-2030 assessment period. The zoned flash devices are gaining popularity worldwide for its role in enhances drive performance as well as enable easy data collection.
The ongoing COVID-19 pandemic has registered a massive surge in cyberattacks incidences with several organizations reported incidences of compromise across online platforms and data theft. Thus, organizations have augmented their expenditure on hardware-based storage devices, offering stellar growth prospects for the zoned flash market. With the complexity of data, assimilation arises every day, prominent players are further leveraging the situation to inflate their market presence.
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Key Takeaways
- The global zoned flash market will surpass US$ 3.5 Bn by the end of the forecast period.
- In terms of the drive surface, the SATA category is anticipated to account for maximum sway in the global market.
- Based on the component, the SSD management software category will rise to reach a market valuation of over US$ 2.6 Bn towards 2030.
- In terms of end-user, business enterprises will witness impressive growth prospects, reaching at an estimation of US$ 1.2 Bn through 2030.
Zoned Flash Market – Key Trends
- The implementation of solid-state drives (SSDs) is acquiring significant traction within the global market.
- Provision of using larger capacity devices in a more cost-efficient way that enables proficient system-wide performance management has opened up impressive growth prospects for the zoned flash market.
- Non-Volatile Memory Express (NVMe) host controller interface provisions are egressing as the keystone of the global market
Zoned Flash Market – Regional Analysis
- North America is poised to register a monumental CAGR of 36.8% during 2020-2030 due to various notable developments concerning data collation.
- Europe will witness a substantial scenario shift due to favorable pricing policies introduced by governments across the region.
- East Asia will be the fastest-growing region recording a dexterous CAGR of 42.8% owing to the flexibility of operations and favorable reimbursement policies.
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Zoned Flash Market – Competitive Landscape
Prominent companies in the zoned flash market are shifting towards developing sturdy data storage solutions by dishing out the latest hardware devices incorporated with smart solutions to pull in a broader consumer base. Additionally, they are investing in acquisitions, collaborations, and partnerships to increase their market impressions.
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Major companies identified in the global zoned flash market are SAS Institute, Cactus Technologies Ltd., Radian Memory Systems Inc., IBM Corporation, Western Digital Corporation, SanBLAZE, OCZ Ltd. (Toshiba), Microchip Technology Inc, and SK Hynix.
Zoned Flash – Taxonomy
Component
- Zoned Flash SSD
- SSD Management Software
Drive Interface
- Serial Advanced Technology Attachment (SATA)
- Statistical Analysis Systems (SAS)
About Future Market Insights (FMI)
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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