Global Network Attached Storage Insights Forecasts to 2030
- The Network Attached Storage Market size was valued at USD 26.03 billion in 2021
- The market is growing at a CAGR of 18.1% from 2022 to 2030
- The Global Network Attached Storage Market is expected to reach USD 80.45 billion by 2030
- Asia Pacific is expected to grow the fastest during the forecast period
Get more details on this report -
The Global Network Attached Storage Market is expected to reach USD 80.45 billion by 2030, at a CAGR of 18.1% during the forecast period 2022 to 2030.
Network attached storage (NAS) is a type of specialized file storage that allows multiple users and a variety of client devices to obtain data from a centralized disc capacity. A basic Ethernet connection allows users on a local area network (LAN) to access the shared storage. Network linked storage was created to improve user collaboration and data sharing. This can help dispersed teams that work in different time zones or require remote access. In its most basic form, a network attached storage device is a dedicated storage server. Regardless of the size and scope of the linked storage, each network attached storage device is generally comprised of four major components: a CPU, network interface, physical storage, and an operating system. Some devices might not emphasize a particular OS, however more advanced network attached storage systems might use a distinct OS, like TrueNAS Core, Zyxel FW, Netgear ReadyNAS, and QNAP QTS.
This research report categorizes the market for Global Network Attached Storage Market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Network Attached Storage Market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Network Attached Storage Market.
Global Network Attached Storage Market Report Coverage
|Market Size in 2021:||USD 26.03 Billion|
|Forecast Period 2021 CAGR:||18.1%|
|021 Value Projection:||USD 80.45 Billion|
|Historical Data for:||2017-2020|
|No. of Pages:||195|
|Tables, Charts & Figures:||125|
|Segments covered:||By Product, By Design, By Storage, By End User, By Region, COVID-19 Impact Analysis|
|Companies Covered:||IBM, Nasuni Corporation, Hitachi Data Systems Corporation, Panasas, Overland Storage Inc., Pure Storage, Inc., Thecus Technology Corp, Cisco Systems, Inc., D-Link Corporation, Huawei Technologies Co., Ltd. ,ASUSTOR Inc.,QNAP Systems, Inc.,Infortrend Technology Inc., Synology, Inc., WESTERN DIGITAL CORPORATION, SoftNAS, Inc., Microsoft, Dell EMC, Hewlett-Packard Enterprise Company, SGI Corporation, Drobo, Inc, Hewlett Packard Enterprise Company , Buffalo Americas, Inc., NETGEAR, Inc., LSI Corporation, SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY And Other Key vendors|
|Growth Drivers:||The growing reliance of small and medium-sized businesses on digital content hosted in the cloud environment is boosting the network attached storage demand over the forecast period.|
Get more details on this report -
The increased availability of remote and virtual office environments as a result of the COVID-19 environment, business continuity planning, and the ensuring necessity to give employees remote access to corporate networks are propelling the demand for Network Attached Storage. On-premise network attached storage and cloud storage interface are expected to grow increasingly popular around the world, allowing complete control over the data in the network attached storage as well as cloud backup and archiving. A number of firms are integrating prominent cloud storage services, particularly Amazon S3, with the current network attached storage system for storage management.
The growing reliance of small and medium-sized businesses on digital content hosted in the cloud environment is boosting the network attached storage demand over the forecast period. Furthermore, the growing adoption of social media content, as well as high-speed data transmission technologies such as 4G and 5G, is propelling the network attached storage market worldwide. For the servers and hardware of network attached storage systems, data security, and privacy are critical criteria. The expansion of the network attached storage market, however, is being constrained by increasing concerns regarding cyberattacks and data breaches on servers and hard drives.
- In 2021, the midmarket solutions segment is witnessing significant CAGR growth over the forecast period
On the basis of product, the Global Network Attached Storage Market is segmented into enterprise solutions and midmarket solutions. Among these, the midmarket solutions segment is witnessing significant CAGR growth over the forecast period. The current generation is technologically adept and uses cutting-edge electronics like smartphones, tablets, computers, and other connected devices. Because of the increasing popularity of these electronic gadgets, the volume of digital content in the form of unstructured data has increased. Consumers are using network attached storage systems to manage these massive data quantities. Midmarket network attached storage is suitable for home use, but they also offer excellent and cost-effective solutions for small and medium-sized businesses.
- In 2021, the 1 bay to 8 bays segment holds the largest market share over the forecast period
On the basis of design, the Global Network Attached Storage Market is segmented from 1 bay to 8 bays, 8 bays to 12 bays, 12 bays to 20 bays, and more than 20 bays. Among these, the 1 bay to 8 bays segment holds the largest market share over the forecast period. The increased adoption of these network attached storage systems by small and medium-sized organizations, research centres, and media & entertainment professionals such as photographers and video editors might be credited to the segment's growth. These designs have several significant advantages, including space optimization, a small product size, good read/write speeds, and a low cost when compared to other high-end products.
- In 2021, the scale-out segment is witnessing the highest growth rate over the forecast period
On the basis of storage solutions, the Global Network Attached Storage Market is segmented into scale-up and scale-out. Among these, the scale-out segment is witnessing the highest growth rate over the forecast period. This is primarily attributed to the increasing development of advanced Scale-out solutions that facilitate superior performance and employ improved efficiency and agility. The developed scale-out solution provides high performance for low-latency workloads such as high-performance computing, media & entertainment, Big Data, and others.
- In 2021, the telecommunications & IT segment is dominating the market with the largest market share of 47% over the forecast period
Based on the end use, the Global Network Attached Storage Market is segmented into banking, financial services, insurance, consumer goods, e-commerce & retail, telecommunications & ITES, healthcare, energy, government, education & research, media & entertainment, manufacturing, business & consulting, aerospace & defence, automotive, food processing, logistics, and others. Among these, the telecommunications & IT segment dominates the market with the largest market share of 47% over the forecast period. The increased need for network attached storage in the industry is driving the segment's growth in terms of data mobility, storage virtualization, backup, and recovery. Due to a rise in internet users and innovative technology, telecom service providers are experiencing difficulty storing data.
Regional Segment Analysis of the Network Attached Storage Market
Get more details on this report -
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
North America is dominating the market with the largest market share of 58%.
North America, with a 58% market share, is expected to be the industry's leading region during the forecast period owing to its early adoption of advanced analytics solutions including massive data storage requirements. The professional services, discrete manufacturing, and transportation sectors are driving digital transformation in the United States, which holds 27% of the global market share. Another factor that is expected to promote the growth of the network attached storage market is the presence of storage industry heavyweights such as IBM Corporation, HP Development Company, and Seagate Technology.
The report offers the appropriate analysis of the key organizations/companies involved within the Global Network Attached Storage Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Market Players
- Nasuni Corporation
- Hitachi Data Systems Corporation
- Overland Storage Inc.
- Pure Storage, Inc.
- Thecus Technology Corp
- Cisco Systems, Inc.
- D-Link Corporation
- Huawei Technologies Co., Ltd.
- ASUSTOR Inc.
- QNAP Systems, Inc.
- Infortrend Technology Inc.
- Synology, Inc.
- WESTERN DIGITAL CORPORATION
- SoftNAS, Inc.
- Dell EMC
- Hewlett-Packard Enterprise Company
- SGI Corporation
- Drobo, Inc.
- Hewlett Packard Enterprise Company LP
- Buffalo Americas, Inc.
- NETGEAR, Inc.
- LSI Corporation
- SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In June 2022, Synology Inc. has introduced the new 5-bay Synology DiskStation DS1522+. It is the most recent compact solution in the company's plus series of all-in-one storage devices, which assist customers of all sizes preserve data, IT infrastructure, and physical assets professionally and securely while supporting a wide range of business, IT administration, and productivity applications.
- In March 2021, The Hitachi VSP 5000 was released by Hitachi Data Systems Corporation. With workload diversity that supports all workloads from the mainframe to the container, it is the fastest NVME flash array in the world. It comes with the right size capacity and service levels. Because of the implementations combined NVMe and SAS design, performance, and workload costs are optimized.
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the Global Network Attached Storage Market based on the below-mentioned segments:
Global Network Attached Storage Market, By Product Type
- Enterprise Solutions
- Midmarket Solutions
Global Network Attached Storage Market, By Design Type
- 1 Bay to 8 Bays
- 8 Bays to 12 Bays
- 12 Bays to 20 Bays
- More than 20 Bays
Global Network Attached Storage Market, By Storage Solution Type
Global Network Attached Storage Market, By End User
- Financial Services
- Consumer Goods
- E-Commerce & Retail
- Telecommunications & ITES
- Education & Research
- Media & Entertainment
- Business & Consulting
- Aerospace & Defense
- Food Processing
Global Network Attached Storage Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
Need help to buy this report?