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Scale-Out NAS Market Growing at CAGR of 21% From 2017 to 2022 – ReportsnReports

Or $12.6 billion to $32.7 billion

Scale-out NAS market report provide insights of top 12 vendors and companies’ business overview, product offerings, business strategies, recent developments with key Innovators.

This report (125 pages) from ReportsnReports (125 pages) analyzes Scale-out NAS Industry by Component, Storage Technology, Deployment Type, Organization Size, Vertical and Region from 2017 to 2022.

The scale-out NAS market is projected to grow at a CAGR of 21.05% between 2017 and 2022.”
The scale-out NAS market is estimated to grow from $12.58 billion in 2017 to $32.68 billion by 2022, at a CAGR of 21.05% between 2017 and 2022.

Organizations rely heavily on storage systems as per their need of storing data. Increasing amount of voluminous data files within enterprises lead to the requirement of scale-out NAS technology. However, lack of technically skilled personnel is restraining the growth of the scale-out NAS market.

“Based on component, the software segment is estimated to account for the largest share of the scale-out NAS market in 2017.”
Based on component, the software segment is estimated to account for the largest share of the scale-out NAS market in 2017.One of the major reasons for the increasing demand for scale-out NAS software is the growing need for storage, management, and quick access for enterprises generating these data files. The software sub segment is further categorized into data management & integration, data protection, HPC, in-memory data grid, and big data.

“Based on vertical, the banking, financial services and insurance segment is estimated to account for the largest share of the scale-out NAS market in 2017.”
Based on vertical, the banking, financial services and insurance (BFSI) segment is estimated to account for the largest share of the scale-out NAS market in 2017. The BFSI sector offers opportunities for the growth of the scale-out NAS market owing to the generation of voluminous data which creates the need for highly secure storage. Scale-out NAS technologies enable advanced storage which helps BFSI industry provide better solutions and services. New and improved financial products and services are frequently introduced by the BFSI organizations to enhance their business operation and expand their customer database, which makes the industry a lucrative market for scale-out NAS technology.

“The AsiaPac scale-out NAS market is projected to grow at the highest CAGR between 2017 and 2022.”
The scale-out NAS market in the APAC region is projected to experience extensive growth during the forecast period. With the increasing adoption of storage technologies and rising amount of data being generated by organizations, there has been a significant rise in the adoption of scale-out NAS storage solutions and services. Increasing requirement of cost-effective storage solutions is also expected to boost the adoption of scale-out NAS by SMEs in the region.

The North America region is expected to contribute the largest share to the scale-out NAS market in 2017. The U.S., being a major economy, holds a significant market share owing to the technological advancements and willingness towards innovation and adoption of new technologies.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with the key people.

Markey by company type: tier 1 (17%), tier 2 (33%), and tier 3 (50%)

Market by by designation: C-level (35%), director level (60%), and others (5%)

Market by region: North America (48%), Europe (35%), AsiaPac (17%)

Key vendors: Dell, Inc. (US), Hewlett Packard Enterprise (US), Nasuni Corporation (US), NetApp, Inc. (US), Hitachi Data Systems Ltd (US), IBM Corporation (US), Panasas, Inc. (US), Pure Storage, Inc. (US), Tintri, Inc. (US), Scality, Inc. (US), Nexenta Systems, Inc. (US), Quantum Corporation (US).

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