The emerging storage technologies market in South Asia and the Middle East seems relatively insulated from the current economic slowdown, as 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. New analysis from Frost & Sullivan, Emerging Storage Technologies and Adoption in South Asia and Middle East, finds that the market in India, Saudi Arabia, the United Arab Emirates, Egypt, and Sri Lanka earned revenues of $653.4 million in 2008 and estimates this to reach $2146.4 million in 2015. This growth is driven by increased data, computing and business continuity requirements of enterprises. The external storage market has been picking up pace over the years due to a boom in data growth as well as a need for business continuity, disaster recovery solutions, and regulatory compliance. 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 centers achieve consolidation, resulting in better utilization, optimization of resources, and lowered total cost of ownership (TCO),” said Frost & Sullivan Industry Analyst Saumya Upadhyaya. “Enterprises can also utilize their resources better due to the shared network space between applications.”Within network storage, storage area network (SAN) is the most popular for its performance benefits, especially in mission critical applications. Network attached storage (NAS) is the solution of choice among customers with specific file-serving requirements. Despite their significant benefits, storage solutions has lost some traction in the first half of 2009, compared to the previous years, due to cautious IT spending in the current straitened circumstances.
