NAS Market to Grow at 26% CAGR Over 2014-2019

Research and Markets has announced the Global Enterprise NAS Market 2015-2019 report (135 pages, $2,829).

The global enterprise NAS storage market to grow at a CAGR of 25.85% over the period 2014-2019.

NAS systems create a shared file based storage between enterprise users. NAS exists as an independent network node on the LAN and comprises individual IP addresses. File transfer is achieved through Ethernet connections between users and NAS. It facilitates simultaneous access to multiple users. NAS systems can be used as backup storage in enterprises for archiving and disaster recovery purposes. NAS systems with server mode can also function as a multimedia, database, or print server for SMEs. High-end NAS systems also support RAID technology, which converts multiple HDD into one logical unit. NAS systems are designed and manufactured by several global and local vendors.
The report covers the present scenario and the growth prospects of the global enterprise NAS storage market for the period 2015-2019. The global enterprise NAS market can be segmented, based on end-users, into large enterprises and SMEs.

New trends are emerging in the market related to infrastructure used on-site as well as in data centers. Data centers are being made software defined, which is achieved through advancements in NAS systems. Hybrid arrays are being developed by merging both SAN and NAS systems to improve enterprise storage efficiency. NAS systems are now connected to the cloud to transfer data to cloud storage. These systems reduce the complexity of evolving enterprise operational environments.

According to the report, enterprises worldwide are expanding their businesses to remain competitive. The market is driven by the growing amount of business data, mostly unstructured data. Many data centers are being built to store and process these data. The need for data backup and archiving along with multiple user access to files simultaneously will catapult the demand for NAS systems. These systems are being added with additional features to mitigate current business storage challenges. NAS windows server systems enhance collaborative enterprise environments.

Further, the report states that with enterprise environments evolving constantly in terms of data generation as well as increases in the number of users, storage infrastructures face challenges.

Key vendors
Buffalo Technology
Dell
EMC
Hewlett-Packard
Hitachi Data Systems
IBM
NetApp
Netgear
QNAP
Seagate Technology
Synology
Western Digital

Other prominent vendors
Asustor
Cisco
DataDirect Networks
Drobo
Fujitsu
LeCie
Lenovo
LenovoEMC (Iomega)
Nfina
Oracle
Overland Storage
Quantum
Symentec
Thecus
Unylogix