STORAGE SYSTEMS MARKET challenges and opportunities
Storage Systems Market, By Deployment (On-premises, Cloud), By Storage System (Direct Attached Storage (DAS), Network Attached Storage (NAS), Storage Area Network (SAN)), By Application (BFSI, IT and Telecom, Media and Entertainment, Automotive, Government and Public sector, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
With enterprises increasingly relying on various legacy and modern applications residing in both on-premise and cloud environments, the need for a unified storage platform has become unavoidable. Scalable storage promises seamless data delivery across a hybrid storage cloud through its multi-protocol support and analytics-driven policies. This gives users flexibility to choose application hosting that best meets their business goals without worrying about data accessibility issues.
Cloud computing has fast become ubiquitous with applications, infrastructure and platforms now delivered via cloud-based as-a-service models. According to estimates, over 90% of enterprises have some form of cloud adoption in place today.
Seamless data access is also important from a business continuity perspective. As cloud outages and connectivity issues can happen, having the flexibility to failover to alternate data sources without disruptions is crucial. Modern storage platforms with their multi-cloud capabilities address hybrid infrastructure challenges by presenting a unified storage pool while maintaining performance consistency, lower latencies, regulatory compliance and security best practices across locations.
However, cybercriminals are finding more sophisticated ways to exploit vulnerabilities and steal sensitive data from organizations’ storage infrastructure. This has important implications as data breaches can damage brand reputation and incur heavy fines under data privacy regulations like GDPR.