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Global Network Attached AI Storage System Market – Industry Trends and Forecast to 2029

Semiconductors and Electronics

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Global Network Attached AI Storage System Market – Industry Trends and Forecast to 2029

  • Semiconductors and Electronics
  • Upcoming Report
  • Oct 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Network Attached AI Storage System Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 13.17 USD Billion
Diagram Market Size (Forecast Year) USD 50.86 USD Billion
Diagram CAGR %

Major Markets Players

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Global Network Attached AI Storage System Market, By Offering (Hardware, Software), Storage Medium (Hard Disk Drive, Solid State Drive), Industry Vertical (BFSI, Telecom, Media and Entertainment, Government, Cloud Service Providers, Others), Storage Architecture (File, Object-Based Storage) – Industry Trends and Forecast to 2029.

Network Attached AI Storage System Market

Network Attached AI Storage System Market Analysis and Size

As a customer, you are aware of the risks of losing data due to technical flaws in systems and devices. As a result, network attached storage solution vendors are constantly under pressure to support the backup and storage infrastructure of stakeholders in BFSI, IT & telecommunications, and other sectors that rely on data worth millions of dollars. As data backup is only one aspect of running a successful business, there is a growing demand in the IT and telecommunications landscape for high-performance network attached storage devices that can be upgraded as the organisation grows.

Data Bridge Market Research analyses that the network attached AI storage system market was valued at USD 13.17 billion in 2021 and is expected to reach the value of USD 50.86 billion by 2029, at a CAGR of 18.40% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Network Attached AI Storage System Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Offering (Hardware, Software), Storage Medium (Hard Disk Drive, Solid State Drive), Industry Vertical (BFSI, Telecom, Media and Entertainment, Government, Cloud Service Providers, Others), Storage Architecture (File, Object-Based Storage),

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Nasuni Corporation. (U.S.), SoftNAS, Inc. (U.S.), Panasas (U.S.), Infortrend Technology Inc. (Taiwan), Thecus Technology Corp (Taiwan), D-Link Corporation (Taiwan), Cisco Systems, Inc. (U.S.), Microsoft (U.S.), Huawei Technologies Co., Ltd. (China), IBM (U.S.), ASUSTOR Inc. (Taiwan), Drobo, Inc. (U.S.), QNAP Systems, Inc. (Taiwan), Buffalo Americas, Inc. (U.S.), Synology, Inc. (Taiwan), NETGEAR, Inc. (U.S.), SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY (U.S.), WESTERN DIGITAL CORPORATION (U.S.), Hitachi, Ltd. (Japan) and Hewlett Packard Enterprise Company LP (U.S.), among others

Market Opportunities

  • The increased use of smartphones, laptops, and tablets
  • The surge in digital transformation across multiple industries

Market Definition

For various clients, authorised network consumers, and authorised network users, network attached AI storage system provides a retrieval and storage facility for data from a centralised location. Network-attached storage (NAS) devices save and share data for multiple computers that can be accessed remotely. AI-powered storage enables organisations to analyse data intelligently and quickly by providing instant insights; it consists of three distinct phases known as machine learning, data ingestion, learning, and inference, which is a stage of providing insights.

Global Network Attached AI Storage System Market Dynamics

Drivers

  • Offerings of integrated solution systems

When compared to traditional file servers, network attached storage is a more cost-effective technology because it eliminates the need for expensive hardware, labour, and licencing. Network attached AI storage system also offers an integrated solution, which combines hardware, storage devices, and operating systems into a single device. Furthermore, no operating system or client access licences are required in a network attached AI storage system environment, lowering enterprise storage costs even further. System updates are applied end-to-end in a single instance, allowing for easy system upgrades while saving time and money. Network attached AI storage system supports file sharing protocols such as network file system (NFS) and server message block (SMB), which increases their popularity among end users for data sharing.

  • High adoption of AI in cloud based services

Rising demand for advanced storage architecture in large-scale enterprise infrastructure is a critical factor driving market growth, as is the increasing demand for AI in high-performance computing data centres and the increasing implementation of cloud-based services, among other factors driving the casting devices market. In the forecast period, modernization and an increasing number of market strategies such as cross-industry collaborations will create new opportunities for network-attached AI storage systems.

Opportunities

  • Government initiative towards digitization

One of the major factors driving the network attached AI storage system market is the increase in government initiatives toward digitization, which has resulted in enormous growth in digital data. The increased use of smartphones, laptops, and tablets, which generates large amounts of data, has a positive impact on the market.

  • Digital transformation

The surge in digital transformation across multiple industries is hastening market growth. The market is benefiting from the increased demand for these services in the digitalization of hospital records, media and entertainment content, online commerce for retail goods and services, and e-government initiatives.

Restraints

  • Security risk

However, among other factors, a lack of technically skilled personnel in AI hardware and rising concerns about data privacy in cloud- and server-based services are the major restraints that will further challenge the network-attached AI storage system during the forecast period.

This network attached AI storage system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the network attached AI storage system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Network Attached AI Storage System Market

The current COVID-19 epidemic has already impacted several industries. Key suppliers are taking proactive steps to reduce the economic impact they have on businesses. Throughout the epidemic, the revenue from hard disc drives has increased. Despite a drop in deliveries as a result of the global government shutdown, leading network-attached storage vendors have raised their selling prices to make up for the lost revenue. Furthermore, the trend of working from home has compelled workers to store data in network-attached storage solutions, which is driving market growth.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures

Global Network Attached AI Storage System Market Scope

The network attached AI storage system market is segmented on the basis of offering, storage medium, industry vertical and storage architecture. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Offering

  • Hardware
  • Software

Storage medium

  • Hard Disk Drive
  • Solid State Drive

Industry Vertical

  • BFSI
  • Telecom
  • Media and Entertainment
  • Government
  • Cloud Service Providers
  • Others

Storage architecture

  • File
  • Object-Based Storage

Network Attached AI Storage System Market Regional Analysis/Insights

The network attached AI storage system market is analysed and market size insights and trends are provided by country, offering, storage medium, industry vertical and storage architecture as referenced above.

The countries covered in the network attached AI storage system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the network attached AI storage system market because of the presence of primary network attached AI storage system providers. Furthermore, the region's small and medium-sized enterprises (SME) are on the rise.

Asia-Pacific (APAC) is expected to grow significantly from 2022 to 2029. because of improvements in network infrastructure and an increase in the use of portable devices in the region,

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Network Attached AI Storage System Market Share Analysis

The network attached AI storage system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to network attached AI storage system market.

Some of the major players operating in the network attached AI storage system market are:

  • Nasuni Corporation. (U.S.)
  • SoftNAS, Inc. (U.S.)
  • Panasas (U.S.)
  • Infortrend Technology Inc. (Taiwan)
  • Thecus Technology Corp (Taiwan)
  • D-Link Corporation (Taiwan)
  • Cisco Systems, Inc. (U.S.)
  • Microsoft (U.S.)
  • Huawei Technologies Co., Ltd. (China)
  • IBM (U.S.)
  • ASUSTOR Inc. (Taiwan)
  • Drobo, Inc. (U.S.)
  • QNAP Systems, Inc. (Taiwan)
  • Buffalo Americas, Inc. (U.S.)
  • Synology, Inc. (Taiwan)
  • NETGEAR, Inc. (U.S.)
  • SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY (U.S.)
  • WESTERN DIGITAL CORPORATION (U.S.)
  • Hitachi, Ltd. (Japan)
  • Hewlett Packard Enterprise Company LP (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Network Attached AI Storage System Market is projected to grow at a CAGR of 18.40% during the forecast period by 2029.
The future market value of the Network Attached AI Storage System Market is expected to reach USD 50.86 billion by 2029.
The major players in the Network Attached AI Storage System Market Nasuni Corporation. (U.S.), SoftNAS, Inc. (U.S.), Panasas (U.S.), Infortrend Technology Inc. (Taiwan), Thecus Technology Corp (Taiwan), D-Link Corporation (Taiwan), Cisco Systems, Inc. (U.S.), Microsoft (U.S.), Huawei Technologies Co., Ltd. (China), IBM (U.S.), ASUSTOR Inc. (Taiwan), Drobo, Inc. (U.S.), QNAP Systems, Inc. (Taiwan), etc.
The country covered in the Network Attached AI Storage System Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, etc.
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