“The worldwide file- and object-based storage (FOBS) market continues to gain momentum with revenues exceeding $23 billion in 2013 and forecast to reach $38 billion in 2017. ” This according to new research from International Data Corporation,Worldwide File- and Object-Based Storage 2013-2017 Forecast(IDC #242287, 46 pages, $8,500) and StorageNewsletter.com.
What is interesting about IDC’s analysis is that file and object-based storage (FOBS) demand, which includes software defined storage, virtual storage appliances, hardware appliances, or self-built for delivering cloud-based offerings, is growing significantly faster than traditional enterprise disk based solutions. IDC attributes this to 4 key trends in the enterprise marketplace:
- DIY storage – end customers increasingly are designing and/or building their own solutions.
- IP-based connectivity – the network is the pipe of choice for talking to storage.
- File servers are shrinking – businesses are moving to purpose-built platforms.
- Archive market is booming – specifically Public cloud and private cloud data archive.
Sounds like this market is ripe for an entirely new way to think about storage platforms. Maybe Seagate should jump in and do something bold…hint hint.
[…] forecasts predict a 50% to 80% compound annual growth rate (CAGR) in scale-out file and object-based storage (FOBS) through 2017. Such growth is driven by the increasing prominence of mobile, social, cloud […]