PRLog (Press Release) – 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
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