Network-Attached Storage (NAS) Market - Trends, Growth, including COVID19 Impact, Forecast

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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.

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.

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

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)

Key questions answered in the Network-Attached Storage (NAS) Market are:

What is Network-Attached Storage (NAS) Market?
What was the Network-Attached Storage (NAS) Market size in 2022?
What are the different segments of the Network-Attached Storage (NAS) Market?
What growth strategies are the players considering to increase their presence in Network-Attached Storage (NAS) Market?
What are the upcoming industry applications and trends for the Network-Attached Storage (NAS) Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Network-Attached Storage (NAS) Market?
What major challenges could the Network-Attached Storage (NAS) Market face in the future?
What segments are covered in the Network-Attached Storage (NAS) Market?
Who are the leading companies and what are their portfolios in Network-Attached Storage (NAS) Market?
What segments are covered in the Network-Attached Storage (NAS) Market?
Who are the key players in the Network-Attached Storage (NAS) Market?