Report Ocean is a comprehensive analysis of the “Scale-out NAS Market” that includes both qualitative and quantitative data. The report covers various regions and provides insights into major industry changes, challenges faced by businesses and competitors, and potential new opportunities in the market. It also includes a SWOT analysis, Porter’s Five Forces model, and a value chain review to help readers understand the industry’s position in the market and the stakeholder positions.
The Global Scale-out NAS Market, currently valued at approximately USD $$ billion in 2022, foresees a robust growth rate exceeding 21% over the forecast period from 2023 to 2030. Scale-out Network Attached Storage (NAS) is a storage structure designed to enhance storage capacity by seamlessly adding and configuring NAS units as needed. A sophisticated solution, it is witnessing increasing adoption due to a trend towards lower prices, greater features, and scalability sought by end-users, steering away from traditional storage solutions. The market’s growth is fueled by factors such as the rising adoption of cloud-based solutions, increased demand for new technologies, and the integration of Artificial Intelligence.
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As per Statista, the cloud security software market, estimated at USD 29.5 billion in 2020, is projected to surpass USD 37 billion by 2026. North America leads this market, while Asia Pacific demonstrates the fastest growth pace. The surge in cloud use necessitates advanced cloud security solutions, with companies working on managed security services partnering with security solution providers. Amazon Web Services (AWS) dominates the cloud infrastructure services market with a 32% market share, followed by Microsoft Azure and Google Cloud. The combined spending of these three major cloud suppliers constitutes 65% of the total market. Despite market opportunities such as increased demand for High Throughput Rate, Increased I/O Capacity, Low Latency, and the growth of Advanced Parallel Storage Platforms Due to Big Data Analytics, the market faces challenges from advanced utility costs with substantial licensing fees, hindering growth throughout the forecast period of 2023-2030.
Key Regions and Market Players:
The key regions considered for the Global Scale-out NAS Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America takes the lead in global market share due to the early adoption of advanced analytics solutions with substantial data storage requirements. Asia Pacific is poised to be the fastest-growing region, driven by the escalating volume of data generation and the high adoption of advanced storage technologies.
Major Market Players:
- Quantum Corporation
- Dell EMC
- Hewlett Packard Enterprise
- Nasuni Corporation
- NetApp, Inc.
- International Business Machine Corporation
- Panasas Inc.
- Pure Storage Inc.
- Scality, Inc.
- Nexenta by DDN Inc
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- Nov 2019 – IBM introduces the Elastic Storage 3000 innovation, combining NVMe technology with IBM’s Spectrum Scale parallel file system for a highly efficient scale-out NAS device targeting business applications centered around unstructured data.
- Jun 2019 – WekaIO announced corporate capabilities, including encryption and LDAP access control, for its scale-out NAS device. These upgrades are deemed essential for the parallel file system, capable of expanding to trillions of files and spanning on-premise and cloud locations.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also provides detailed information about crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest in, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:
By Organization Size:
- Large Enterprises
- Small & Medium Enterprises
By End User Industry:
- IT & Telecom
- Media and Entertainment
- Other End-user Industries
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- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Global Scale-out NAS Market Report Scope:
- Historical Data: 2020 – 2021
- Base Year for Estimation: 2022
- Forecast Period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Deployment, Organization Size, End User Industry, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
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Key Questions Answered by the Report:
- What are the driving factors for market growth?
- What challenges and limitations does the market face?
- What emerging opportunities exist in the market?
- What potential threats and risks could impact the market?
- What is the current market size and growth rate?
- What are the market segments and their sizes?
- Which regions are projected to experience the highest growth and market share?
- What variables affect different geographical areas?
- Who are the major players in the market and their rankings?
- What recent partnerships, launches, expansions, or acquisitions have occurred among the companies profiled?
- What are the comprehensive profiles of the top market players, including business overview, insights, product benchmarking, and SWOT analysis?
- What is the present market outlook, considering recent changes and growth possibilities?
- What are the drivers, obstacles, and restrictions in both developing and emerging regions?
- How does the market analysis utilize Porter’s five forces analysis?
- How does the Value Chain provide insights into market dynamics?
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