The zoned flash market is expected to be worth US$ 403.5 million in 2023. Zoned flash device sales are predicted to expand at a 36.7% CAGR and achieve a market valuation of US$ 9,194.51 million by 2033.
The ongoing COVID-19 epidemic has resulted in a major increase in cyberattacks, with multiple organizations reporting compromises across online platforms and data theft. As a result, enterprises have increased their spending on hardware-based storage systems, providing excellent growth possibilities for the zoned flash industry. As data assimilation becomes more sophisticated, significant businesses are taking advantage of the circumstance to increase their market position.
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Key Takeaways from the Zoned Flash Market Report:
- 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 by 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.
- The 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.
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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Leading Key Players:
- IBM Corporation
- Radian Memory Systems Inc.
- Western Digital Corporation
- SK Hynix
- SANBlaze
- Microchip Technology Inc.
Key Segments of Zoned Flash Industry Survey
By Component:
- Zoned Flash SSD
- SSD Management Software
By Drive Interface:
- Serial Advanced Technology Attachment (SATA)
- Statistical Analysis Systems (SAS)
By End User:
- Zoned Flash Devices for Data Centres
- Zoned Flash Devices for Enterprises
- Zoned Flash Devices for Large Enterprises
- Zoned Flash Devices for SMEs
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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