By adding more storage nodes to the current infrastructure, scale-out NAS (Network Attached Storage), a form of distributed storage system, enables horizontal scaling. Data-intensive industries like media and entertainment, healthcare, scientific research, and cloud-based applications frequently adopt scale-out NAS solutions. Scale-out NAS market size is often expressed in terms of revenue and storage capacity and comprises hardware, software, and support services.
The demand for high-performance storage options that can accommodate the rising volume of data generated by businesses is what is driving the growth of the scale-out NAS industry. Yet, for some businesses, the substantial upfront cost and implementation complexity may serve as entry hurdles. The industry is fiercely competitive, with major competitors concentrating on innovation and business alliances to preserve their market share.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion). |
| Segmentation | By Component, By Storage Technology, By Deployment Model, By Organization Size, By Vertical, By Region. |
| By Component |
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| By Storage Technology |
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| By Deployment Model |
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| By Organization Size |
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| By Vertical |
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| By Region |
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The need for storage options that can accommodate massively data-intensive workloads, such as Big Data analytics, AI/ML, and IoT applications, is one of the key factors for scale-out NAS. Scale-out NAS solution popularity is also being fueled by the demand for scalability, flexibility, and high-performance storage. Scale-out NAS systems are also in demand due to they are necessary in a number of sectors, including healthcare, media and entertainment, and scientific research, where there is a need for affordable and dependable storage solutions.
The high initial investment and complicated implementation are two factors that limit the growth of the Scale-Out NAS industry and could prevent certain businesses from entering. Other difficulties facing the market include worries about data security and the requirement for regulatory compliance. Scale-up NAS and cloud-based storage are two alternatives to traditional NAS that may constrain the growth of the scale-out NAS industry.
The demand for storage solutions that can accommodate the expanding volume of data generated by businesses is one of several potential prospects presented by the Scale-Out NAS industry. High-performance storage solutions are in high demand due to the development of technologies like AI/ML, Big Data analytics, and IoT. Additionally, it is anticipated that the market will see new opportunities due to the growing demand for software-defined storage and data virtualization solutions. Furthermore anticipated to fuel market growth is the requirement for scalable and affordable storage solutions.
The COVID-19 pandemic had an effect on the Scale-Out NAS market due to it slowed down economic activity and caused supply chain problems. Though more companies embraced remote work rules and digital transformation plans as a result of the pandemic, this also raised demand for data storage solutions. As a result, the market noticed a surge in demand for software-defined storage solutions and scale-out NAS solutions that could be operated remotely.
The scale-out NAS market is expected to grow at 21.05 % CAGR from 2022 to 2029. It is expected to reach above USD 124.53 Billion by 2029 from USD 22.31 Billion in 2020.
North America held more than 40% of the scale-out NAS market revenue share in 2021 and will witness expansion in the forecast period.
The need for storage options that can accommodate massively data-intensive workloads, such as Big Data analytics, AI/ML, and IoT applications, is one of the key factors for scale-out NAS. Scale-out NAS solution popularity is also being fueled by the demand for scalability, flexibility, and high-performance storage.
The scale-out NAS market key players includes Dell Technologies Inc., Hewlett Packard Enterprise Development LP, IBM Corporation, Hitachi Vantara Corporation, Pure Storage, Inc., NetApp, Inc., Fujitsu Limited, Qumulo, Inc., Nutanix, Inc., Panasas, Inc.
The scale-out network attached storage (NAS) market is divided into two categories based on component: software and service. High performance computing, data integration, data management, big data, and in-memory data grid are sub-segments of the software segment. Professional services and system integration are sub-segments of the service segment.
The scale-out NAS market is segmented based on component, storage technology, deployment model, organization size and Vertical.
The scale-out network attached storage (NAS) market is divided into two categories based on component: software and service. High performance computing, data integration, data management, big data, and in-memory data grid are sub-segments of the software segment. Professional services and system integration are sub-segments of the service segment.
The file storage, block storage, and object storage segments of the worldwide scale out NAS market are separated based on storage technology. The market segment with the biggest share in recent years is predicted to continue dominating during the forecast period. The segment for block storage is predicted to experience the largest CAGR growth during the projection period. During the course of the projection period, object storage is anticipated to grow at a sizable CAGR.
The global scale out NAS market may be divided into two categories based on deployment type: on-premises and cloud. With a remarkable CAGR of 20.0% over the course of the projected year, the cloud-based segment is predicted to reach significant revenue levels. The advantage of cloud technology is its low-cost integration into the existing business environment. The scalability and flexibility of cloud-based systems are well known.
The global scale out NAS market is segmented based on organization size into large and small & medium-sized businesses. Throughout the projection period, market growth is anticipated in the big enterprise sector. Big businesses can buy just a software license or software copy to operate the platform due to they have dedicated servers and computer equipment. They are then able to lower the costs associated with implementation, total ownership, and other relevant expenses.
The BFSI, healthcare, and government segments make up the worldwide scale out NAS market. The BFSI sector is anticipated to have the greatest CAGR over the projection period. Consumers may now conduct smooth banking through the mobile channel thanks to the rising use of smartphones for financial transactions. This has resulted in more personalized engagement. The possibility and complexity of managing to provide a great client experience have both expanded with this new trend.
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The scale-out NAS market key players includes Dell Technologies Inc., Hewlett Packard Enterprise Development LP, IBM Corporation, Hitachi Vantara Corporation, Pure Storage, Inc., NetApp, Inc., Fujitsu Limited, Qumulo, Inc., Nutanix, Inc., Panasas, Inc.
Recent Developments 20 March 2023: Hewlett Packard Enterprise announced that it had entered into a definitive agreement to acquire OpsRamp, an IT operations management (ITOM) company that monitors, observes, automates and manages IT infrastructure, cloud resources, workloads and applications for hybrid and multi-cloud environments, including the leading hyperscalers. 26 February 2023: Hewlett Packard Enterprise and Nokia announced the expansion of their existing partnership by signing a Memorandum of Understanding (MoU) to jointly offer an open and competitive Cloud RAN solution to Communication Service Providers (CSPs) and enterprises worldwide.The scale-out NAS market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
North America held more than 40% of the scale-out NAS market revenue share in 2021 and will witness expansion in the forecast period. Due to to the widespread use of digital transformation technologies and the concentration of some of the most significant market participants in North America, this region accounted for the largest market for Scale-Out NAS systems. Due to reasons including the rising use of cloud-based services, the rising popularity of big data analytics, and the presence of numerous expanding economies like China and India, the Asia Pacific area was predicted to have considerable growth throughout the projection period.
Another key market for Scale-Out NAS systems was Europe, which was fueled by the presence of numerous well-known players there and the growing adoption of digital transformation technologies across different industries.Want to know more about the report or any specific requirement?
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