Continuous Data Proliferation to Push Enterprises Towards Cloud Storage Models – Frost & Sullivan

28 Jan-2016:  With the number of connected devices likely to reach 26 billion by 2020, the megatrend of big data is solidifying.

 

The data boom in AsiaPac has placed the region among the fastest-growing markets for enterprise storage in the world. Enterprises in AsiaPac are particularly turning to the increasingly affordable cloud computing storage solutions.

 

New analysis from Frost & Sullivan, Inc., Enterprise Storage Market Insights ($2,450), expects the market to expand at a CAGR of 3.2% during the 2014-2018 period to reach revenues in excess of $41.40 billion, from $36.4 billion in 2014.

 

As the world is moving towards virtualised environments, vendors are making storage systems easy to manage and scale, while also improving their interface and networking performance. The low cost, simplicity and ease of deployment of these storage solutions under development will be a big draw for enterprises.

 

Storage devices such as HDDs and flash storage have either performance issues or inadequate capacity,” said Frost & Sullivan digital transformation industry analyst Sandeep Bazaz. “As both these storage systems have already established their footprint in the market, enterprises need to embrace hybrid models that offer them the performance of flash storage and the capacity of HDDs.”

 

Many enterprises are considering hyper-converged infrastructure (HCI), a technology that combines storage, computing, network and virtualisation in a single hardware box. In particular, data centre companies are showing interest in HCI that is easy to manage and reduces TCO.

 

Managers of data centres are drawn to HCI as it is easy to manage and install, highly scalable, provides the expected performance, offers easy licensing and pricing and reduces the TCO,” noted Bazaz. “Other prominent next-generation technologies are shingled magnetic recording, two-dimensional magnetic recording, heat-assisted magnetic recording and helium-filled HDD drives.”