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South Asia, Middle East drive storage market

Posted: 24 Aug 2009     Print Version  Bookmark and Share

Keywords:storage  South Asia storage market  network storage 

The emerging storage technologies market in South Asia and the Middle East seems relatively insulated from the current economic slowdown, according to Frost & Sullivan. A boom in data growth as well as enterprises' need for business continuity, disaster recovery solutions, and regulatory compliance have caused a spurt in the technology's adoption levels. Businesses are increasingly focusing on gaining an edge by reducing operational risks and there have been substantial advances in data storage to supply the demand for better data management and recovery.

Frost & Sullivan reported that the market in India, Saudi Arabia, the United Arab Emirates, Egypt, and Sri Lanka earned revenues of Rs.3,191.74 crore ($653.4 million) in 2008 and estimates this will reach Rs.10,482.81 crore ($2.146 billion) in 2015. This growth is driven by increased data, computing and business continuity requirements of enterprises.

Businesses are increasingly focusing on gaining an edge by reducing operational risks and there have been substantial technological advances in data storage to facilitate better data management and recovery. Enterprises are either investing in in-house storage solutions or are outsourcing their data backup needs, as they are looking to improve their ability to recover from any disaster at the earliest to ascertain business continuity.

"Network storage helps data centres achieve consolidation, resulting in better utilisation, optimisation of resources, and lowered total cost of ownership." says Saumya Upadhyaya, industry analyst at Frost & Sullivan. "Enterprises can also utilise their resources better due to the shared network space between applications."

Within network storage, storage area network is the most popular for its performance benefits, especially in mission critical applications. Network attached storage is the solution of choice among customers with specific file-serving requirements.

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