NAS Market to Grow at CAGR of 23% Over 2012-2016 – Research and Markets

Research and Markets announced the addition of the Global Enterprise NAS Market 2012-2016 report ($2,500) to their offering.

The analysts forecast the market to grow at a CAGR of 22.85% CAGR over the period 2012-2016.

One of the key factors contributing to this market growth is the improved cost-efficiency caused by the adoption of NAS solutions. The market has also been witnessing increased adoption of NAS solutions from small and medium-sized enterprises. However, availability and reliability issues could pose a challenge to the growth of this market.

The key vendors dominating this space include EMC Corp., HP Co., IBM Corp., and NetApp Inc.

The other vendors mentioned in this report are BlueArc Corp., Dell Inc., Fujitsu Ltd., Hitachi Ltd., Oracle Corp., Panasas Inc., SolarWinds Inc., and Symantec Corp.

Commenting on the report, an analyst from the team said: "The main trend witnessed by the global enterprise NAS market is the increased adoption of NAS devices/solutions from SMEs. There is an increasing demand for low-end NAS solutions and for backup and file sharing services without incurring additional overhead costs. NAS products are inexpensive, very powerful, and have lower installation and maintenance costs, and thus help end-users meet these and other storage requirements. Enterprises in developing countries are also interested in adopting these solutions. The increased adoption of NAS solutions by SMEs is expected to increase in the coming years, which will add to the growth of the global enterprise NAS market."

According to the report, the main factor which is driving the market is the improved cost-efficiency of NAS solutions. Profitability is vital for any business in any sector, and companies need to make cost reductions to achieve this profitability. This can be achieved by using NAS servers/solutions. A NAS server can be accessed through the TCP/IP linkage in GUI mode. It also requires lesser number of IT professionals for its management and configuration.