According to a recently published report from Dell’Oro Group, the trusted source for market information about the telecommunications, networks, and data center IT industries, All Flash Array Systems revenue is forecast to reach almost $12 B by 2022. However, this revenue growth will cannibalize all-disk and hybrid storage systems.
“The segment of the market with the highest projected growth is All Flash Array Systems due to its technical maturity and continuous advancement in storage and networking,” said Jimmy Yu, Vice President at Dell’Oro Group. “However, we believe a large portion of the All Flash Array revenue growth will be driven by a market shift away from Disk and Hybrid Arrays. We forecast All Flash Array revenues to grow at a 13 percent five-year compound annual growth rate (CAGR) and predict that it will surpass Disk and Hybrid Array revenues by 2021,” Yu continued.
Additional highlights from the Storage Systems 5-Year Forecast Report:
- The overall Storage Systems market, consisting of Internal Storage in servers and External Storage, is forecast to decline for an additional three years before returning to growth in the later part of the forecast period.
- Internal Storage revenue is expected to grow at a three percent five-year CAGR.
- Demand for External Storage Systems will decline at an average annual rate of three percent between 2017 and 2020.
