The adoption of cloud storage technology for a broad range of consumer and business applications is transforming the storage landscape by transitioning away from traditional disk arrays to object-based storage systems that have the scalability, availability, resiliency and accessibility to enable cloud-scale storage and instant access.
A recent IDC report predicts that the market for File- and Object-Based Storage (FOBS) will experience an annual growth rate of 24.5% through 2017, reaching $38 billion. “Increased versatility will result in more diverse use cases for FOBS,” said IDC.