Zoned Flash Market is Expected to Grow US$ 3.59 Billion by 2030 | Report by Future Market Insights, Inc.

Zoned Flash Market is expected to grow from US$ 296 Million to US$ 3.59 Billion by 2030. The market is exhibiting a remarkable 36.7% CAGR between 2022 and 2030.

The adoption of solid-state drives (SSDs) has led to significant developments within the zoned flash market. SSDs have offered immense benefits to businesses working with immense volumes of data, such as programming environments or analysis, enhancing file-transfer speeds and access times.

The zoned flash market refers to the market for flash memory storage devices that use a zoned architecture to increase the efficiency and performance of the storage device. Zoned flash storage divides the storage into zones that are optimized for different types of data and workloads, which allows for more efficient use of the underlying flash memory.

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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 Billion by 2030
• Non Volatile Memory Express (NVMe) host controller specifications are touted to be the frontrunners of the zoned flash market in coming years

“Increasing incidences of cybercrimes have prompted business organizations to adopt hardware-based data collection systems, providing much needed impetus to zoned flash manufacturers,” infers the FMI analyst.

COVID-19 Impact Analysis

As the world heads towards a recessionary downturn, there are certain industries which are anticipated to stay afloat, including the zoned flash market.

While significant growth restrictions are expected in budgets and infrastructure, an infinitesimal possibility exists with regard to a constrained supply of storage to meet the requirements of the digital universe. As companies increasingly facilitate remote working arrangements, demand for digital data storage facilities is surging multifold.

As the pandemic unfurled in the past few months, incidences of cyberattacks registered a massive surge, with many organizations reporting several incidences of data theft and compromise across online platforms. Thus, companies have accelerated their spending on hardware-based storage devices, providing green spaces for the zoned flash market.

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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 OpenFlex 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 2022-2030, 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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