SofNAS Tells Its Story of Growth

By Paula Bernier March 22, 2016

The global network-attached storage market is poised to grow at a compound annual growth rate of nearly 26 percent between last year and 2019, Technavio said in a report published last summer. This week SoftNAS, a player in this space, was telling its own growth story, saying it realized 330 percent revenue growth and a more than 190 percent increase in customers in 2015.

SoftNAS, which launched its solution in 2013, claims to be the best selling software-defined NAS solution. It leverages existing storage infrastructure and allows for the adoption of cloud-based storage. And it supports archiving, backups, disaster recovery and business continuity, primary cloud storage, replication, and snapshots.

Cloud-based NAS involves remote storage that can be access over the Internet. Business customers use NAS so they are charged only for what they use.

“Software-defined architectures have disrupted the way storage is consumed,” said Joe Arnold, founder and CPO of SwiftStack. “Enterprise IT requires freedom of choice, and they are choosing new pay-as-you-grow models enabled by software that were previously unavailable with classic infrastructure.”

Indeed. The same could be said for any cloud-based service.                                       

Key vendors in the cloud-based NAS space, according to Technavio, include Buffalo Technology Inc., Dell Inc. EMC2, Hitachi Data Systems, Hewlett-Packard, IBM, NetApp Inc., NETGEAR Inc., QNAP Systems Inc. Seagate Technology plc, Synology Inc., and Western Digital Corp.

IDC says total worldwide enterprise storage systems factory revenue grew 6.8 percent year over year to nearly $8.8 billion during the first quarter of 2015.

"Following a busy end-of-year spending environment, the enterprise storage market fell back into what has become a familiar market pattern," said Eric Sheppard, Research Director, Storage at IDC, last June. "Spending on traditional external arrays fell during the quarter while demand for server-based storage and hyperscale infrastructure was up strongly during the quarter."

Edited by Maurice Nagle

Executive Editor, TMC

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