The global hybrid storage arrays market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). A hybrid array is a form of hierarchical storage management that combines hard disk drives (HDDs) with solid-state drives (SSDS) for input/output (I/O) speed improvements. The major factor driving the market growth includes the advantage the hybrid storage arrays offer over an all-flash array. Hybrids have a mixture of HDDs and SSDs, while the all-flash array is equipped only with SSDs.
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The global hybrid storage arrays market growth is also attributable to the proliferation of big data and thus the big data analytics. Therefore, the all-flash array is being suitable for applications such as big data analytics that lack in providing flexibility and scalability to the organizations. Adding to this, hybrid-flash arrays offer an optimal overall balance between cost, performance, and capacity. Thus, there is expected a boom in the hybrid storage arrays in the future years owing to its added features. Some key players operating in the market include Apple, Inc., Microchip Technology Inc., Dell Technologies, Inc., and Fusion-io, Inc., among others. These players are focusing on strengthening their position in the market by adopting strategies such as mergers and acquisitions, partnerships, collaborations, new product launches and development in the existing product portfolio, etc.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Competitive Landscape: Apple, Inc., Microchip Technology Inc., Dell Technologies, Inc., and Fusion-io, Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Hybrid Storage Arrays Market Report Segmentation
By Type
- Personal Storage
- Commercial Storage
By Application
- Data Management
- Solid State Cache
- Memory Management Software
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