Growth opportunities in the network-attached storage (NAS) market look promising over the next six years. This is mainly due to the growing demand of systems for enhancing performance and the adoption of the network attached storage device (NAS) by the government across the globe.
Network Attached Storage (NAS) Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The augmenting requirement of systems to improve performance is the prominent factor driving the growth of the global network-attached storage market. The progression in data has partially stimulated the technology, which has resulted in the adoption of network attached storage, decreasing the business downtime and enhancing business efficiency. NAS permits the clients to access data without an intermediary. Dell Technologies is engaged in exploring new aspects of data management by providing storage software like DataIQ, OneFS, and CloudIQ, which has fuelled the data management’s power scale. These systems provide a cost-effective way to improve the storage capacity integrated with the easy application of resource grades.
Also, the acceptance of network attached storage devices by the government throughout the globe has fuelled the market. For example, the Indian Government, in 2020, procured NAS devices to continue the virtual courts at the time of the pandemic are resulting in smooth functioning of the court. However, the major concern among enterprises is data security which may obstruct the attached storage service market.
Component Segment Drivers
Based on the component, solutions are predicted to witness a higher CAGR during the forecast period. Market players are involved in offering solutions like Syncology, IBM’s NAS 250-25T, XS series, NAS 100, Inc. FS series (FS3400). These solutions permit enterprises to save and share data files from anywhere over an internet connection, which is majorly responsible for the growth of the Network Attached Storage market share.
Regional Drivers
Based on the regional coverage, North America is anticipated to lead the market over the forecast period. This is owing to the prevalence of NAS providers because of the boost in the number of medium and small enterprises coupled with a surge in the adoption of cloud technology to share corporate, personal, and media files. Also, the persistence of the leading players, including IBM Corporation, Dell Inc., and Hitachi Data Systems Corporation, has contributed to market growth.
Network Attached Storage (NAS) Market’s Leading Manufacturers:
- D-Link Corporation
- Microsoft
- ASUSTOR Inc.
- Dell Inc.
- Syncology Inc.
- CISCO SYSTEMS, INC.
- Huawei Technologies Co., Ltd.
- Drobo, Inc.
- Hitachi Data Systems Corporation
- IBM Corporation
Network Attached Storage (NAS) Market Segmentation:
Segmentation by Component:
- Solution
- Services
Segmentation by Deployment:
- Cloud
- On-Premises
Segmentation by End-User:
- BFSI
- Healthcare
- Retail
- IT and Telecom
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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