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LONDON, UK – July 12, 2016 — /BackupReview.info/ — Technavio’s latest report on the global enterprise network-attached storage (NAS) market provides an analysis on the most important trends expected to impact the market outlook from 2016-2020. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
Rakesh Kumar Panda, a lead analyst from Technavio, specializing in research on data center, says, “The global enterprise NAS market is expected to exceed USD 17 billion by 2020, growing at a CAGR of more than 21%. The cost-effectiveness of the NAS system makes it the preferred choice among enterprises. The adoption of NAS systems is high in enterprise environments. Vendors of NAS have begun to create customized NAS solutions for large businesses that are looking at NAS as a full-fledged information management solution. Such factors are expected to contribute significantly to the growth of the market in the coming years. Large enterprises are likely to adopt NAS systems that are capable of storing data at petabyte levels.”
The top three emerging trends driving the global enterprise NAS market according to Technavio ICT research analysts are:
Increased traction for cloud-based NAS
There are several vendors involved in integrating the existing NAS system with the popular cloud storage service Amazon S3. NAS systems are also used in cloud data centers for storage provisioning purposes. The integration of on-premise NAS with cloud storage will gain traction in the future as it allows overall control over the latest data in the NAS and facilitates the backing up and archiving of data in the cloud.
Evolution of big data analytics
Data is continuously getting fed into storage systems. This data is generated through multiple devices and users can gain useful insights using big data analytics. Traditional storage systems are not feasible to run analytics on massive sets of complex data. Vendors in the market offer storage systems that are suitable for analytical purposes and are likely to trigger a spate of product innovations during the forecast period.
Increased use of flash storage
With the increased user access needs, flash-based NAS storage arrays offer 40-45 times better performance than hard disk input/output (I/O) performance. Because of the higher cost involved in procuring flash-based NAS storage systems, these systems will experience a higher growth in large and mega data centers.
However, the price of these systems is likely to drop by 5%-10% year-over-year due to which their adoption rate will increase in 2017-2020. “The overall market will experience steady growth with the adoption of flash and traditional storage systems, where flash is likely to add more revenue in the upcoming years,” says Rakesh.
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