A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines
04-Apr-2025
Global
Frost Radar
K8E0-01-00-00-00
IT_2025_33430
Business requires modern data storage solutions that manage costs, ensure consistent performance, and support corporate sustainability goals. To unify, manage, and secure voluminous enterprise data for use in data-heavy applications, such as AI, savvy businesses are turning to hybrid cloud storage solutions.
The hybrid cloud storage market is in the emerging stages: it is dynamic and rapidly evolving based on the urgent need to efficiently unify and manage growing enterprise data stores. Today, few vendors provide a complete solution that supports unified data and multiple storage formats (file and object) and data types (structured and unstructured). Frost & Sullivan believes that a full solution is necessary to support multimodal AI solutions, which draw from a combination of public and private datasets of a variety of formats and types. Ideally, a service offering a global namespace to unify data offers the best performance and scalability for workloads requiring large-scale datasets.
Despite being nascent, the market opportunity is immense. Frost & Sullivan estimates that the market generated about $100 billion in 2024, with a projected compound annual growth rate of about 16% over the next 6 years. Some providers noted that these estimates could increase more rapidly if business adoption of AI and creation of large language models (LLMs) accelerate.
Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.
Author: Karyn Price
Cloudian
CTERA
Hammerspace
LucidLink
Nasuni
NetApp
Panzura
Peer Software
Significance of Being on the Frost Radar
CEO’s Growth Team
Investors
Customers
Board of Directors
Next Steps
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
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Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. -
Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. -
Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. -
Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? -
Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
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INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. -
RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. -
PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. -
MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. -
CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
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GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. -
BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. -
COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. -
CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. -
PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
Speak directly with our analytics experts for tailored recommendations.
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Impacting your company's future growth potential.
The hybrid cloud storage market is in the emerging stages: it is dynamic and rapidly evolving based on the urgent need to efficiently unify and manage growing enterprise data stores. Today, few vendors provide a complete solution that supports unified data and multiple storage formats (file and object) and data types (structured and unstructured). Frost & Sullivan believes that a full solution is necessary to support multimodal AI solutions, which draw from a combination of public and private datasets of a variety of formats and types. Ideally, a service offering a global namespace to unify data offers the best performance and scalability for workloads requiring large-scale datasets.
Despite being nascent, the market opportunity is immense. Frost & Sullivan estimates that the market generated about $100 billion in 2024, with a projected compound annual growth rate of about 16% over the next 6 years. Some providers noted that these estimates could increase more rapidly if business adoption of AI and creation of large language models (LLMs) accelerate.
Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.
Author: Karyn Price
| Deliverable Type | Frost Radar |
|---|---|
| Industries | Information Technology |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Hybrid cloud storage market |
| Keyword 2 | Cloud storage vendor benchmarking |
| Keyword 3 | Cloud infrastructure trends |
| Podcast | No |
| Predecessor | N/A |
| WIP Number | K8E0-01-00-00-00 |
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