KUALA LUMPUR, Malaysia, Jan. 21, 2016 /PRNewswire/ -- With the number of connected devices likely to reach 26 billion by 2020, the megatrend of Big Data is solidifying. The data boom in Asia-Pacific has placed the region among the fastest-growing markets for enterprise data storage in the world. Enterprises in Asia-Pacific are particularly turning to the increasingly affordable cloud computing storage solutions.
New analysis from Frost & Sullivan, Enterprise Data Storage Market Insights (http://www.frost.com/sublib/display-report.do?id=P8CD-01-00-00-00&src=PR), expects the market to expand at a compound annual growth rate of 3.2 percent during the 2014-2018 period to reach revenues in excess of US$41.40 billion, from US$36.4 billion in 2014.
As the world is moving towards virtualised environments, vendors are making data 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 data storage solutions under development will be a big draw for enterprises.
"Storage devices such as hard disks 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 hard disks."
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 total cost of ownership.
"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 total cost of ownership," noted Bazaz. "Other prominent next-generation technologies are shingled magnetic recording, two-dimensional magnetic recording, heat-assisted magnetic recording and Helium-filled hard disk drives."
For complimentary access to more information on this research, please visit: http://corpcom.frost.com/forms/APAC_PR_DJeremiah_P8CD-72_05Oct15.
Enterprise Data Storage Market Insights is part of the IT Services & Applications (http://ww2.frost.com/research/industry/information-communications-technologies/it-services-applications) Growth Partnership Service program. Frost & Sullivan's related studies include: CenturyLink in APAC: Exciting Times Ahead, APAC Data Centre and Cloud Computing Market Update, What's Hot in ICT 2015, and APAC Software-Defined Networking Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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Enterprise Data Storage Market Insights
P8CD-72
Contact:
Donna Jeremiah
Corporate Communications -- Asia Pacific
P: +61 (02) 8247 8927
F: +61 (02) 9252 8066
E: djeremiah@frost.com
Carrie Low
Corporate Communications -- Asia Pacific
P: +603 6204 5910
F: +603 6201 7402
E: carrie.low@frost.com
Melissa Tan
Corporate Communications -- Asia Pacific
P: +65 6890 0926
F: +65 6890 0999
E: melissa.tan@frost.com
