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Competition from the Cloud Forcing Evolution of Enterprise NAS Market: TechNavio Research

Hybrid systems are becoming more common, as enterprises seek bigger and better storage solutions

 
PRLog - Apr. 9, 2014 - LONDON, U.K. -- TechNavio, an independent tech-focused global research firm, reports that cloud-based storage is keeping network-attached storage (NAS) on its toes, but increased isn’t crippling f the Enterprise NAS Market, which is projecting moderate growth at a CAGR of 25.44 percent from 2014-2018.

The volume of unstructured data, which includes documents, audio and video files that organizations need to leverage for the running of their business is at an all-time high, begetting the need for fast, reliable, enterprise wide network storage.

“The majority of corporate data sources include the data generated from enterprise applications, along with newly generated cloud-based data and social network data. This data must be accessible as part of or as an extension of the corporate information framework, and it should be made available for analysis and decision-making in an easy and secure way. This results in an increase in the significance of effectively managing storage resources, such as NAS,” says Faisal Ghaus, Vice President of TechNavio research.

A major challenge currently faced by the market is the increasing popularity of cloud-based network storage solutions. Cloud-based network storage solutions offer flexibility, scalability and other options not always available in NAS-based solutions. They can also present a more cost-effective approach to manage fluctuating enterprise storage needs.

But competition from the cloud won’t spell the end for NAS. In fact, the increased competition has forced NAS to evolve, and NAS/SAN hybrid solutions are becoming more and more common.

NAS technology is being integrated into SAN environments, forcing the formerly competing technologies to play nice in the interest of easy-to-manage, simplified storage.

“Hybrid solutions are used in data centers to keep the pace of data flow at its normal rate. The hybrid SAN and NAS solution also provides a more effective disaster recovery process. The Fiber Channel over IP and iSCSI protocols has been developed to support this hybrid solution over IP networks. Hence, along with the NAS market, the SAN market is also being influenced by this hybrid solution,” says Ghaus.

To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

If you are interested in more information on this topic and our upcoming research on the Global Enterprise NAS Market (http://www.technavio.com/report/global-enterprise-nas-mar...) please send an e-mail to media@TechNavio.com

About TechNavio

TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.

TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Global Enterprise NAS Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.

Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.

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TechNavio Media Relations
***@technavio.com

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Source:TechNavio
City/Town:London - London - United Kingdom
Industry:Computers, Technology
Tags:cloud computing, NAS, market research, enterprise NAS
Shortcut:prlog.org/12307542
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