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Global Network-Attached Storage (NAS) Market – Industry Trends and Forecast to 2029

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

Global Network-Attached Storage (NAS) Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - 17.98% Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 27.37 Billion
Diagram Market Size (Forecast Year) USD 102.75 Billion
Diagram CAGR 17.98%

Global Network-Attached Storage (NAS) Market, By Design (1Bay to 8 Bays, 8 Bays to 12 Bays, 12 Bays to 20 Bays and More than 20-bays), Product (Enterprise NAS Solutions, Midmarket NAS Solutions), Storage Solution (Scale-up NAS, Scale-out NAS), Deployment Type (On-premises, Remote and Hybrid), End User (Banking, Financial Services, Insurance (BFSI), Consumer Goods and Retail, Telecommunications and ITES, Healthcare, Energy, Government, Education and Research, Media and Entertainment, Manufacturing, Business and Consulting, Aerospace and Defense, Automotive, Food Processing, Logistics), Component Analysis (Hardware, Software) - Industry Trends and Forecast to 2029

Network-Attached Storage (NAS) Market

Market Analysis and Size

The network-attached storage (NAS) has become a crucial component across various industries. The technology aids in the expansion of storage space to available networks. NAS is mainly developed for heavy network systems that are responsible for processing millions of transactions per minute.

Global Network-Attached Storage (NAS) Market was valued at USD 27.37 billion in 2021 and is expected to reach USD 102.75 billion by 2029, registering a CAGR of 17.98% during the forecast period of 2022-2029. Midmarket NAS Solutions accounts for the largest product segment in the respective market owing to the se of smart devices such as smartphones and tablets. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

NAS offers a retrieval and storage facility for the data from a centralized location for varied clients, authorized network consumers, and authorized network users. The network-attached storage (NAS) devices store and share data for multiple computers, which can be retrieved remotely.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Design (1Bay to 8 Bays, 8 Bays to 12 Bays, 12 Bays to 20 Bays and More than 20-bays), Product (Enterprise NAS Solutions, Midmarket NAS Solutions), Storage Solution (Scale-up NAS, Scale-out NAS), Deployment Type (On-premises, Remote and Hybrid), End User (Banking, Financial Services, Insurance (BFSI), Consumer Goods and Retail, Telecommunications and ITES, Healthcare, Energy, Government, Education and Research, Media and Entertainment, Manufacturing, Business and Consulting, Aerospace and Defense, Automotive, Food Processing, Logistics), Component Analysis (Hardware, Software)

Countries Covered

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

Market Players Covered

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

Market Opportunities

  • Adoption of hybrid cloud storage raises
  • Requirement for real-time data consistency
  • Rise in initiatives taken by government towards digitization

Network-Attached Storage (NAS) Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Rapid Digitization

The rise in initiatives taken by government towards digitization leading to enormous development in digital data acts as one of the major factors driving the network-attached storage (NAS) market. The rise in the usage smartphones, laptops, and tablets resulting in the generation of large volumes of data has a positive impact on the market.

  • Digital Transformation

The surge in the digital transformation across various industries accelerate the market growth. The rise in need for these services in digitalization of hospital records, media and entertainment content, online commerce for retail goods and services, and e-government initiatives has a positive impact on the market.

  • High Use of the Internet

The increase in the use of the Internet, and rise in the access to media and video streaming further influence the market. The presence of well-designed data and voice packages and enticing purchase offers assist in the expansion of the market.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the network-attached storage (NAS) market.

Opportunities

Furthermore, adoption of hybrid cloud storage raises demand for cutting-edge NAS solutions extend profitable opportunities to the market players in the forecast period of 2022 to 2029. The requirement for real-time data consistency will further expand the market.

Restraints/Challenges

On the other hand, concerns regarding data security when data is stored at remote location and lack of proper infrastructure to secure and leverage data are expected to obstruct market growth. Also, high latency observed during connecting storage devices is projected to challenge the network-attached storage (NAS) market in the forecast period of 2022-2029.

This network-attached storage (NAS) 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 network-attached storage (NAS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Network-Attached Storage (NAS) Market

COVID-19 had a positive impact on the network-attached storage (NAS) market due to the rise in number of industry verticals adopting broadband internet access services during the outbreak of COVID-19. Numerous businesses were deploying network-attached storage (NAS) as they required require a fast and consistent internet connection to communicate internally as well as externally. The network-attached storage (NAS) market is expected to witness high growth in the post-pandemic scenario owing to the rise in usage of various media platforms among consumers and surge in the adoption of IoT enabled devices.

Global Network-Attached Storage (NAS) Market Scope and Market Size

The network-attached storage (NAS) market is segmented on the basis of design, product, storage solution, deployment type, end-user, and component analysis. The growth amongst these segments will help you analyze meager 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.

Design

  • 1Bay to 8 Bays
  • 8 Bays to 12 Bays
  • 12 Bays to 20 Bays
  • More than 20-bays

Product

  • Enterprise NAS Solutions
  • Midmarket NAS Solutions
  • Storage Solution
  • Scale-up NAS
  • Scale-out NAS

Deployment Type

  • On-premises
  • Remote
  • Hybrid

End User

  • Banking
  • Financial Services
  • Insurance (BFSI)
  • Consumer Goods and Retail
  • Telecommunications and ITES
  • Healthcare
  • Energy
  • Government
  • Education and Research
  • Media and Entertainment
  • Manufacturing
  • Business and Consulting
  • Aerospace and Defense
  • Automotive
  • Food Processing
  • Logistics

Component Analysis

  • Hardware
  • Software

Network-Attached Storage (NAS) Market Regional Analysis/Insights

The network-attached storage (NAS) market is analysed and market size insights and trends are provided by country, design, product, storage solution, deployment type, end-user, and component analysis analysis as referenced above.

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

North America dominates the network-attached storage (NAS) market because of the occurrence of primary NAS providers. Furthermore, the rise in the number of small and medium enterprises (SME) within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the enhancement in the network infrastructure and rise in the utilization of portable devices in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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 Storage (NAS) Market

The network-attached storage (NAS) 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 storage (NAS) market.

Some of the major players operating in network-attached storage (NAS) market are

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


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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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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Network-Attached Storage (NAS) Market is projected to grow at a CAGR of 17.98% during the forecast period by 2029.
The future market value of the Network-Attached Storage (NAS) Market is expected to reach USD & projected USD 102.75 billion by 2029.
The major players covered in the network-attached storage (NAS) market report are Nasuni Corporation., SoftNAS, Inc., Panasas, Infortrend Technology Inc., Thecus Technology Corp, D-Link Corporation, Cisco Systems, Inc., Microsoft Corporation, Huawei Technologies Co., Ltd., etc.
The major countries covered in the Network-Attached Storage (NAS) Market are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, etc.
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