Frost & Sullivan, a market consulting and training firm, today released a report called "European Network Attached Strorage Market" that puts the revenue generated by the NAS market at $410 million in 2000, and projects revenues to reach $1.8 billion by 2007.
"The NAS approach is easier to implement, and combined with a low cost of total ownership has proved itself attractive to customers who are managing explosive growth in data within a finite budget," says Frost & Sullivan Research Analyst Andrew Ball. "In this environment, specialized NAS vendors have enjoyed rapid growth, while traditional storage and server vendors have attempted to leverage their expertise to deliver new NAS solutions to the market."
According to Ball, the entrance of storage and server vendors legitimizes the NAS market and raises its profile as a storage solution. "Those companies best placed to capitalize on this are the dedicated NAS vendors who can draw strength from their years of experience."
The United Kingdom, Germany and France are the strongest revenue-generating european NAS markets.
"The UK has a disproportionate share of the market," said Ball. "This is a reflection of the close affinity with the United States and the fact that NAS has been developed and implemented by U.S. companies."