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
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
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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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).
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Market Players Covered
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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
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Market Opportunities
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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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