Lionel Sujay Vailshery
Research expert covering cloud computing and emerging tech industries
NetApp Inc - statistics & facts
The humble beginnings of NetApp in the ever-evolving tech world have shaped how we store and manage information. The company, which was established in 1992, maintains its headquarters in Sunnyvale, California. NetApp Inc. provides cloud storage and data management products and services for data storage. It thrived on the internet bubble years of the mid-1990s but experienced a decline in revenue after the bubble burst in 2001. NetApp's annual revenue has grown nearly 60 percent since 2010 and stood at about 6 billion U.S. dollars as of the fiscal year 2024. The company is among the leading information technology (IT) storage vendors worldwide. Due to strategic acquisitions, NetApp is now focusing on converged infrastructure, or hyper-converged infrastructure (HCI).
NetApp's product-line
The largest of NetApp's segments by revenue was its “product” segment until 2022, currently “services” segment leads with a revenue of about three billion U.S. dollars in 2024. The company's flagship products include NetApp's FAS (Fabric-Attached Storage), AFF (All-Flash FAS), and ASA (All SAN Array) storage systems. The company's Open Network Technology for Appliance Products (ONTAP) data management operating system has been under development continuously since 1992 and is used for several of its hardware product management. Currently, there are three ONTAP platforms: FAS/AFF systems, software running as a virtual machine on servers (ONTAP Select), and cloud computing (Cloud Volumes ONTAP). Some sought-after features of NetApp systems are the ease of integration of enterprise applications for data backup, cloning, provisioning, and other self-service storage.
Partnership and controversy
Together, the Americas — the United States, Canada, and Latin America — account for the majority of NetApp's regional revenues worldwide. NetApp provides a software-defined storage solution that supports file and block workloads for businesses across various cloud service providers. Cloud Volumes ONTAP is a solution to the challenges of using cloud — enhancing performance, data protection, and compliance, all while streamlining costs. In 2007, NetApp filed a lawsuit against Sun Microsystems for patent infringement of file systems. After the acquisition of Sun Microsystems by Oracle Corporation, NetApp announced an agreement with the new owners to dismiss the lawsuits.
NetApp is poised to solidify its position as a dominant leader in the global technology market with its collaborations with industry leaders like Microsoft, AWS, and Google to provide a suite of solutions that help businesses navigate the complexities of the modern data landscape and drive innovation.
