The growth of the solid-state array market is gaining momentum owing to the growing demand for faster and more efficient memory solutions. The huge amount of data generated in the world on a daily basis has increased the need for more efficient storage solutions with large storage capacity, which is further driving the solid-state array market.

Demand for solid-state arrays is expected to grow in order to address workloads that require performance and data management services. Additionally, utilizing solid-state arrays as backup targets to reduce backup and recovery windows is one of the factors that has significantly increased the adoption of solid-state arrays.

Solid state arrays, like a shared storage device that drives data storage in blocks to provide enhanced performance, are also attracting the attention of market players. The benefits of solid-state array are now gaining traction across all primary storage workloads, resulting in a significant increase in sales of solid-state array. Moreover, increasing demand for these devices in various enterprise applications is expected to provide more growth opportunities for the solid-state array market.

Solid-state Array market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Solid-state Array market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crises.

Recent development

• In January 2022, Western Digital introduced the new Ultrastar Edge data center storage platform with solid-state arrays that provide high-speed data access and sophisticated data management capabilities 
• In November 2021, Pure Storage and Equinix announced a partnership to provide solid-state array technology to clients utilizing Equinix's colocation data centers.
• In October 2021, Dell Technologies announced new PowerScale all-flash and hybrid storage arrays that use solid-state technology to provide enterprise applications with faster data access and enhanced performance.

Market Dynamics:

Growth Factors:

Expansion requirements for data storage:
Growing demand for high-capacity storage and storage devices is the major driver for the solid-state array market. Furthermore, the high usage of solid-state arrays in data centers for high-performance computing and big data workloads is a major factor driving the growth of the solid-state arrays market.
Big data, cloud computing, and the Internet of Things (IoT) are also likely to expand sales of solid-state arrays to some extent.

The Rise of Solid State Array Acceptance:
Solid state arrays (HDDs) are growing in popularity due to their advantages over traditional hard disk drives in terms of performance and reliability, thereby expanding the market size. They are used in a wide variety of products including storage systems, notebooks, and business servers.

HDD to SSD conversion:
The transition from HDDs to SSDs is accelerating due to falling prices, increasing capacities, and better performance characteristics of SSDs compared to HDDs, thereby expanding the overall solid-state array market size. On the other hand, high design cost is expected to act as a restraint for the growth of the solid state array market.

Demand for data storage is anticipated to increase at a CAGR of 31.5% between 2016 and 2020, reaching 8 zettabytes by 2020. The proliferation of big data, the Internet of Things (IoT), and cloud computing are responsible for this.

Solid-state arrays are becoming increasingly popular as a result of their performance and reliability advantages over conventional hard disk drives. (HDDs). They are utilized in numerous applications, including enterprise servers, storage systems, and laptops.

The transition from hard disk drives (HDDs) to solid-state drives (SSDs) is accelerating due to the declining prices, increasing capacities, and improved performance characteristics of SSDs in comparison to HDDs. This is causing SSDs to gain market share at the expense of hard disk drives (HDDs).

Furthermore, low environmental stability and rapidly changing technologies are some of the factors that may hamper the solid state array market. Furthermore, lack of device interoperability is likely to slow down the demand for solid-state arrays over the forecast period.

Drivers:

High-performance computing is becoming more popular

Solid-state arrays are becoming more popular as a storage solution for high-performance computing systems because they can read and write data faster than traditional hard disc drives. As the need for high-performance computing keeps going up, the need for solid-state arrays keeps going up, too.

Cloud computing is becoming more common in many industries, and solid-state arrays are a great way to store data for cloud-based applications because they are quick to access and have low latency. As more businesses move to the cloud, there will probably be more demand for solid-state arrays.

Need for better data management

As organizations create more and more data, the need for better data management solutions is growing. Solid-state arrays can make it easier to access and retrieve data, which makes them a good choice for companies that want to improve their data management.

AI and machine learning are becoming more popular. Applications that use AI and machine learning need to process a lot of data quickly. Solid-state arrays work well for these kinds of applications because they can access data quickly. This makes them a great way for AI and machine learning systems to store data.

Restraints:

High price

 Solid-state arrays tend to be more expensive than traditional hard disc drives, which could stop some industries from using them.

Solid-state arrays usually have less space for storing data than traditional hard disc drives, which could be a problem for organizations that need to store a lot of data.

Compatibility problems

Some applications might not work with solid-state arrays, which could stop them from being used in some fields.

Challenges:

Competition from other storage solutions 

Hard disc drives, tape storage, and cloud-based storage are all alternatives to solid-state arrays. The challenge for solid-state array vendors is to make their products stand out and show potential customers how valuable they are.

Integration with existing infrastructure

It can be hard to connect solid-state arrays to an organization's existing infrastructure, especially if the IT environment is complicated.

Data security

Solid-state arrays can be hacked, and keeping data secure is one of the biggest challenges for companies that use these systems.

Market segmentation

On the Basis of Type:

• MLC

MLCD is a technology for the construction of large solid-state displays. It has superior resolution and frame rates compared to conventional LCDs, but it is more expensive due to the use of more costly materials such as amorphous silicon. The market was worth USD 1,078 million in 2015 and is anticipated to expand at a CAGR of XX% between 2016 and 2024.

• eMLC

Electronic MLC (eMLC) is a type of flash memory that was devised to replace magnetic disks. It employs charged coupled devices (CCD) instead of magnetism to store data. The data is stored as minuscule charges on silicon nitride particles, which are then moved by electric fields to read/write heads.

• SLC

SSAs are a form of computer storage that employs solid-state drives. (SSDs). SSDs are quicker and more reliable than conventional hard drives, so they can store larger files in a smaller amount of space.

On the Basis of By Application:

In 2015, enterprise applications held the greatest market share, and this trend is anticipated to continue over the forecast period. Enterprise applications include data centers, infrastructure in the cloud, financial institutions, government agencies, and healthcare organizations, among others. The demand for high-performance storage fuels the expansion of enterprise applications, which are frequently used by multiple business units to store large amounts of data requiring rapid access. The widespread adoption of solid-state arrays in industrial applications can be attributed to their ability to provide high performance at a lower cost than traditional hard disk drives or rotating magnetic disks. Increasing demand from manufacturing sectors such as automotive, aerospace & defense, and energy is anticipated to drive industry growth over the forecast period, thereby accelerating the adoption of SSA across all industrial segments.

On the Basis of Region:

Geographically, the global Solid-state Array market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Solid-state Array region is dominating this market in the upcoming future.

Asia Pacific is expected to be the fastest growing region during the forecast period. The regional market is expected to be driven by rising demand for mass storage devices in emerging economies such as China and India. Factors such as increasing industrialization, increasing urbanization, and growing IT sector are also expected to drive growth in the region. Moreover, rising investments in data centers in Asia Pacific is expected to drive industry expansion in the coming years. The North American solid state array market accounted for more than 25% of the global revenue share in 2015 owing to the early adoption of technology by major manufacturers coupled with the presence of a large number of key players operating in the United States, making it the largest segment since the past few years (2012), we have been a major consumer and producer of SSA products based on MLC flash memory chips worldwide.

Market Key Players

Dell Technologies, Hewlett Packard Enterprise (HPE), Pure Storage, IBM, NetApp, Hitachi Vantara, Toshiba Memory Corporation, Kioxia Corporation, Cisco Systems, Fujitsu, Oracle Corporation, Huawei Technologies Co. Ltd., NEC Corporation, Lenovo, Western Digital Corporation, and others.

• Dell Technologies

Dell Inc. is a tech company based in the United States. It makes, sells, fixes, and supports computers and other products and services that are connected to them. Dell is owned by Dell Technologies, which is also Dell's parent company.

Dell sells personal computers (PCs), servers, data storage devices, network switches, software, computer peripherals, HDTVs, cameras, printers, and other products made by other companies. People know the company for how it runs its supply chain and does business online. This means that Dell will sell straight to customers and send them the PCs they want. Before 2009, Dell only sold computers. Then it bought Perot Systems. Then Dell started offering IT services. The company has added more store space and networks. It used to only sell computers, but now it offers a wide range of technology for business users.

• Hewlett Packard Enterprise (HPE)

The Hewlett Packard Enterprise Company (HPE) is an American global IT company with headquarters in Spring, Texas.

As part of the split of the Hewlett-Packard company, HPE was started on November 1, 2015, in Palo Alto, California. It is a business-oriented company that works with servers, storage, networking, tools for containerization, consulting, and support.

The way the split was set up, the old Hewlett-Packard business would become HP Inc., and Hewlett-Packard Enterprise would become a new business. HP Inc. kept the old HP's personal computer and printing business, as well as its stock price history and original NYSE ticker symbol for Hewlett-Packard. Enterprise trades under its own ticker symbol, HPE. At the time of the split, HPE had slightly less money coming in than HP Inc.

In 2017, HPE split off its Enterprise Services business and combined it with Computer Sciences Corporation to make DXC Technology. Also in 2017, it split off and combined its software business with Micro Focus.

• Pure Storage

Pure Storage is an American technology company with its headquarters in Mountain View, California, United States. It is a publicly traded company. It makes hardware and tools for all-flash data storage. Pure Storage was started in 2009, but its goods were not ready to be shown to the public until 2011. The company's sales grew by about 50% per quarter after that, and it raised more than $470 million from venture capitalists before going public in 2015. At first, Pure Storage made the software for storage devices and used generic hardware for flash storage. In 2015, Pure Storage finished making its own hardware for flash storage.

• NetApp

NetApp, Inc. is an American company based in San Jose, California that provides mixed cloud data services and manages data. From 2012 to 2021, it was one of the Fortune 500. NetApp was started in 1992, and it went public for the first time in 1995. It offers cloud data services for managing applications and data both online and in person.

• Kioxia Corporation

Kioxia is the world's leader in memory solutions. It develops, makes, and sells flash memory and solid-state drives. (SSDs). Its predecessor, Toshiba Memory, was split off from Toshiba Corporation in April 2017. Toshiba Corporation was the company that came up with NAND flash memory in 1987. The company comes up with new ways to use memory that make people's lives better and help society grow. Kioxia's innovative 3D flash memory technology, BiCS FLASHTM, is changing the future of storage in high-density uses like advanced smartphones, PCs, SSDs, automotive, and data centers.

The Solid-state Array market research report is categorized based on type, applications and region.

On the Basis of Type:

• MLC
• eMLC
• SLC

On the Basis of By Application:

• Enterprise
• Personal Computers
• Distribution and Retail Channel
• Consumer Electronics
• Telecommunication and Networking
• Medical Equipment
• Others

Further the regions are divided into countries as follows

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Scope of Report

Conclusion

A solid-state array, or SSA, is a system that stores data using solid-state memory. SSAs can be used for corporate storage, cloud storage, and big data, among other things. SSAs have many benefits, such as high speed, low energy use, and high reliability. The global solid-state array market is being driven by the growing demand for cloud-based storage. Cloud storage is a service that you can use whenever you want. It gives businesses high-performance computing by using high IOPS SSD. The solid-state array is used in cloud-based storage because it lowers the cost of power and eases the stress on the computer caused by too much wattage. As the use of cloud-based storage grows, so does the need for solid-state array, which is what drives the market. In 2021, the global solid-state array market was worth $4.09 billion dollars. By 2030, it is expected to be worth $14.38 billion dollars, which is a 14.0% compound annual growth rate (CAGR) during the forecast period. As the amount of work that needs performance and data management services grows, solid-state arrays are likely to become more common. Solid-state arrays have also become very common because they can be used as backup targets to cut down on the time it takes to do backups and get data back.