Scale-out NAS Market Size and Share: 2021 to 2031
The Scale-out NAS Market is expected to register a CAGR of 16.4% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Components (Software, Services); Deployment (On-Premise, Cloud), Organization Size (Large Enterprises, SMEs), End-user Industry (BFSI, Healthcare, IT & Telecom, Retail, Media and Entertainment, Others); Geography (North America, Europe, Asia-Pacific, Middle East & Africa, South and Central America).
The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
The report Scale-out NAS Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Scale-out NAS Market Segmentation
Components- Software
- Services
- On-Premise
- Cloud
- Large Enterprises
- SMEs
- BFSI
- Healthcare
- IT & Telecom
- Retail
- Media and Entertainment
Strategic Insights
Scale-out NAS Market Growth Drivers- Growing Data Volumes and Unstructured Data: The exponential growth of data, particularly unstructured data generated from sources like social media, IoT devices, and enterprise applications, is a significant driver for the scale-out NAS market. Organizations need scalable storage solutions that can efficiently handle large volumes of data while providing quick access and retrieval. Scale-out NAS systems are designed to expand easily, accommodating increasing storage needs without requiring a complete overhaul of existing infrastructure.
- Increased Adoption of Cloud and Hybrid Storage Solutions: As businesses increasingly migrate to cloud and hybrid storage environments, the demand for flexible and scalable storage solutions rises. Scale-out NAS systems provide the ability to expand on-premises storage seamlessly while integrating with cloud storage services. This flexibility allows organizations to optimize their storage architecture, balancing performance and cost. The trend towards hybrid IT environments is driving the adoption of scale-out NAS solutions.
- Need for High Availability and Reliability: In today's fast-paced business environment, organizations require storage solutions that ensure high availability and reliability to support critical applications and workloads. Scale-out NAS systems are designed with redundancy and fault tolerance, allowing for continuous data access even in the event of hardware failures. This reliability is crucial for enterprises that cannot afford downtime, making scale-out NAS an appealing choice for these organizations.
- Integration of Artificial Intelligence and Machine Learning: The integration of AI and machine learning technologies into scale-out NAS solutions is a notable trend. These technologies can enhance performance by optimizing data placement, workload management, and predictive analytics. By leveraging AI and ML, organizations can automate storage management tasks, improve data access times, and enhance overall system efficiency, creating a more intelligent storage infrastructure.
- Focus on Software-Defined Storage (SDS): The trend towards software-defined storage is reshaping the scale-out NAS landscape. SDS solutions decouple storage hardware from management software, allowing organizations to manage storage resources more flexibly and cost-effectively. This approach enables easier scalability and integration with existing infrastructure while providing enhanced control over storage policies and data management strategies.
- Emergence of Edge Computing: The rise of edge computing presents significant opportunities for scale-out NAS solutions. As more data is generated at the edge (e.g., IoT devices, remote locations), organizations require storage solutions that can efficiently manage and process this data closer to the source. Scale-out NAS systems can be deployed at edge locations to provide high-performance, low-latency storage, addressing the unique needs of edge computing environments.
- Increased Focus on Data Protection and Disaster Recovery: Data protection and disaster recovery are critical concerns for organizations across various industries. Scale-out NAS solutions that offer built-in data protection features, such as snapshots, replication, and backup capabilities, present significant opportunities. By providing comprehensive data management and protection strategies, vendors can differentiate their offerings in the competitive storage market and meet the growing demand for reliable disaster recovery solutions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Scale-out NAS Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Scale-out NAS Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Integration of Artificial Intelligence and Machine Learning and Focus on Software-Defined Storage (SDS) are anticipated to play a significant role in the global Scale-out NAS Market in the coming years
Growing Data Volumes and Unstructured Data, Increased Adoption of Cloud and Hybrid Storage Solutions, and Need for High Availability and Reliability are the major factors driving the Scale-out NAS Market
The global Scale-out NAS Market is expected to grow at a CAGR of 16.4% during the forecast period 2024 - 2031
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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