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Report explores the scale-out NAS market that is projected to grow at a CAGR of +21%

IT Market Research

The scale-out NAS market in the APAC region is projected to experience extensive growth during the forecast period. With the increasing adoption of storage technologies and rising amount of data being generated by organizations, there has been a significant rise in the adoption of scale-out NAS storage solutions and services. Increasing requirement of cost-effective storage solutions is also expected to boost the adoption of scale-out NAS by SMEs in the region.

This study provides a detailed segmentation of the scale-out NAS market based on component, storage technology, deployment type, organization size, vertical, and region. Based on component, the scale-out NAS market is segmented into software and service.

Based on storage technology, the market is segmented into file storage, block storage, and object storage. Based on deployment type, the market is segmented into on-premises and cloud.

Based on organization size, the is segmented into large enterprises and small & medium enterprises (SMEs).Based on vertical type, the is segmented into banking, financial services & insurance (BFSI); consumer goods & retail; IT & telecom; energy; healthcare; government; manufacturing; and education & academics. The geographic analysis has been carried out for North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW).

The healthcare segment is estimated to grow at the highest CAGR

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Based on component, the software segment is estimated to account for the largest share of the scale-out NAS market in 2017. One of the major reasons for the increasing demand for scale-out NAS software is the growing need for storage, management, and quick access for enterprises generating these data files.

The software sub segment is further categorized into data management & integration, data protection, high performance computing, in-memory data grid, and big data.

Based on vertical, the banking, financial services & insurance segment is estimated to account for the largest share of the scale-out NAS market in 2017.” The scale-out NAS market is projected to grow at a CAGR of +21% by 2021

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Based on vertical, the banking, financial services & insurance (BFSI) segment is estimated to account for the largest share of the scale-out NAS market in 2017. The BFSI sector offers tremendous opportunities for the growth of the scale-out NAS market owing to the generation of voluminous data which creates the need for highly secure data storage.

Scale-out NAS technologies enable advanced data storage which helps BFSI industry provide better solutions and services. New and improved financial products and services are frequently introduced by the BFSI organizations to enhance their business operations and expand their customer database, which makes the industry a lucrative market for scale-out NAS technology.

The report presents a thorough analytical overview of the past and present state of the market and, with the help of present data, trends, competition, and regulatory framework gives a forward-looking perspective of the way the market will develop over the course of the next few years. Along with qualitative and qualitative details pertaining to the market’s key elements, an overview of the chief macro and micro economic factors that will enable companies to the market to surmount competition are also examined in great details.

The global scale-out NAS market is gaining pace and industry have started understanding the benefits of analytics in the present day highly dynamic environment. The market has witnessed several important developments over the past few years, with mounting volumes of data and the shift from traditional analysis platforms to self-service analytics being some of the most prominent ones.

Vendors, stakeholders, consumers, dealers. in the global scale-out NAS market are increasingly introducing a solution that allows this market to work with data collected from a number of diverse sources.

The confidence, reliability of data-driven decisions undertaken by solutions in real-time, self-service analytics solutions which will gain more prominence in the global market in the next coming years has been mentioned in this study.

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