Shortcomings of Traditional Data Recovery Systems to Boost Demand for Erasure Coding
In the current day and age, data security, management, and storage have become an imperative part of organizations operating in an array of industrial domains. At present, within the data resilience sphere, conventional SAN storage that operates using Redundant Array of Independent Disks (RAID) is gradually losing its sheen, owing to evolving data requirements. Although mirroring, parity and striping in RAID implementation offer a high degree of protection, some of the restraints including, high recovery timings, the steep cost of resiliency, and vulnerability associated with RAID recovery have played a major role in the development of alternatives such as erasure coding, that is predominantly different in comparison with other hardware-based systems.
Erasure coding is set to gain worldwide popularity during the forecast period, as it does not require a specialized hardware controller and offers improved resiliency in comparison with RAID. Moreover, enhanced protection erasure coding offers during the recovery is another major factor that is expected to boost the prospects of the erasure coding market in the coming years. The demand for erasure coding is expected to surpass that of RAID in the coming years, as data recovery is possible even when nearly half of the data elements are available. At the back of these factors, the global erasure coding market is expected to attain a market value of ~US$ 12 Mn by the end of 2027.
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Advent of Erasure Coding to Positively Influence Hadoop Storage Economics
Strides taken by erasure coding, along with Hadoop 3.0 has played an imperative role in enabling users to store over 50% additional data within the same cluster– a much needed technological breakthrough that streamlines data storage requirements. Although the adoption of erasure coding is expected to move in the upward trajectory during the forecast period, companies operating in the current erasure coding market are expected to find solutions to overcome the challenges associated with high CPU usage, latency issues, and pressure on network overheads. In addition, companies are also likely to strike a balance between soaring costs while optimizing the performance of their offerings.
In the past couple of years, Hadoop has integrated erasure coding in version 3.0, marking a major shift for Hadoop Distributed File System (HDFS). With the adoption of erasure coding, the replication factor of data is set to hover around 1.5x– boosting the storage efficiency by around 50%. At present, medium-large scale organizations are highly inclined toward deploying erasure coding, as they run large data clusters wherein 100-plus nodes are likely to select use cases with added care.
Erasure coding has played an important role in enhancing the performance of large clusters. The advent of erasure coding is expected to revolutionize Hadoop in which the segregation of storage and computing is likely to gain significant recognition and acceptance. Owing to the increasing adoption of erasure coding in Hadoop, the demand for cluster coding is expected to witness exponential growth during the forecast period. The demand for erasure coding from large enterprises is projected to remain higher than those from small & medium-sized enterprises during the forecast period.
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High Adoption in Cloud Storage Systems to Augment Market Growth
Technological advancements and evolving data requirements are set to play an important role in boosting the prospects of the erasure coding market during the assessment period. As storage efficiency continues to remain important for business organizations, the adoption of erasure coding in large-scale cloud storage systems is on the rise, particularly for data protection from the server and other types of failures in a datacenter. Some of the most common erasure coding techniques that have gained traction include Striping Encoding and Replicating Encoding. The adoption of these two techniques is on the rise, as they minimize network traffic, have an improved write performance, and read performance. The significant development in cloud storage systems is expected to shape the growth of the erasure coding market during the forecast period. The adoption of erasure coding is on the rise in an array of end-use industries, including healthcare, IT & telecom, BFSI, retail, government, and media & entertainment.
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Erasure Coding Market: Overview
- The global erasure coding market is expected to register a CAGR of 6.5% between 2019 and 2027. The market is projected to be driven by exponential growth of data through erasure coding.
- The rising adoption of erasure coding for data resiliency is also expected to boost the erasure coding market in the near future
- The global erasure coding market is expected to reach ~US$ 11.9 Mn by 2027 from US$ ~2.7 Mn in 2019
- North America holds major share of the erasure coding market in terms of revenue and is anticipated to dominate the erasure coding market during the forecast period, followed by Europe
- North America remains the leading region in the erasure coding market, with revenues in 2019 estimated at US$ 2,607.18 Thousand
- The erasure coding market in Middle East & Africa and South America are also expected to show moderate growth during the forecast period.
- Asia Pacific is projected to expand significantly in terms of share in the global erasure coding market during the forecast period. This is due to adoption of erasure coding by IT enterprises and small, medium, and large scale enterprises, which has propelled the demand for erasure coding in the APAC region.
- Erasure coding is a technique that breaks data into fragments or shards, which are further encoded with parity or redundant data, and stored across multiple storage media and locations. Erasure coding is a parity technique or mechanism used to protect data in cloud-based services, so as enhance the storage drives. Erasure coding is used to protect the data in different nodes, along with the single storage system.
- The main objective of erasure coding is to provide better data resilience, and data durability or persistence, implying that it can remain for longer periods of time regardless of the media it is being stored on
North America Erasure Coding Market: Snapshot
- North America is a developed region and hence, innovation and new technologies are expected to be trends witnessed in the North America region in the next few years. North America held a prominent share of the global erasure coding market in 2018. For the same reason, North America is expected to witness the highest opportunity addition in the erasure coding market globally, with Europe and Asia Pacific being the next closest regions.
Erasure Coding Market – Company Profiles
- Dell EMC (Dell Technologies Inc.): Established in 1979, Dell EMC, was formerly known as EMC Corporation. In 2016, Dell Technologies acquired EMC Corporation. Now Dell EMC is a member of the Dell Technologies family of business. Dell EMC provides essential infrastructure, which includes converged infrastructure, servers, storage, and cyber-security technologies. The company’s portfolio includes enterprise storage systems and software deployed in networked attached storage (NAS), storage area networks (SAN), object storage and unified storage combining NAS, and direct attached storage environments. Dell EMC supports organizations to build their digital future, transform IT, and protect their important assets and information with these offerings. The company is one of the world’s largest providers of data storage systems.
- Cisco Systems, Inc.: Incorporated in 1984, Cisco Systems, Inc. manufactures, designs, and sells Internet Protocol (IP) and other products related to the information technology (IT) end user and communications. In addition, Cisco Systems, Inc. is a global networking company that designs, manufactures, markets, and sells networking equipment and provides various services such as converged infrastructure management. Cisco Systems, Inc. offers a wide range of products and services, which include blade switches, cloud & systems management, data center management & automation, data center switches, routers, service exchange, storage networking, borderless network services, and networking software.
- IBM Corporation: Incorporated in 1911, IBM was previously well known as Computing-Tabulating-Recording Co. In 1924, it changed its name to International Business Machines Corporation i.e. IBM Corporation. IBM Corporation operates as an integrated services and technology company worldwide. It operates in five business segments: global business services, cognitive solutions, systems, technology services & cloud platforms, and global financing. The company is engaged in offering software and solutions related to erasure coding.
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