Network Attached Storage (NAS) is a device having the ability to store and retrieve data from a centralized disk capacity. It is connected to LAN and is available to heterogeneous users at a time to store and access their data more safely and reliably. These devices are controlled and monitored by the browser-based utility, and hence they are not equipped with a keyboard or display. NAS devices are flexible, faster, user-friendly, and have a high capacity at a reasonably low cost. Small and medium organizations are potentially adopting this technology, especially in emerging economies. According to a study published by insure Insights, the global network attached storage market is anticipated to grow at a CAGR of 18.4% during the forecast period.
Top Driver: Rise in the Demand for Systems to Spur the System Performance and Escalation in the Usage of Big Data Analytics
The NAS market is expected to exhibit a healthy growth rate attributing to the rise in the demand for systems to spur the system performance. These systems support the storage requirements of enterprise customers by connecting directly to the router or Wi-Fi network. As organizations produce a large volume of data, the demand for NAS systems has propelled to meet the rapidly increasing network demands such as scalability and high performance. Another factor fueling the market growth is the escalation in the usage of Big Data analytics and data mining applications.
On-premise to Make Crucial Contribution to Growth of the Market
Among deployment type segments of the global cognitive computing market, On-premise is predicted to show significant growth in future. Remote segment is expected to show significant growth in the forecast period. On the basis of application, the market is segmented into Healthcare, Energy, Government, Education & Research, Media & Entertainment, Manufacturing, Business & Consulting. The healthcare and energy segments are expected to witness steady growth in the forecast period.
Rising Demand For Network Attached Storage to Benefit North America Market
North America market is anticipated to dominate in the network-attached storage market with an increased revenue share than that of the other regional markets. It is anticipated to continue its dominance in the coming years. This can be attributed to surge demand from various end-use industries such as BFSI, healthcare, government, etc. and prominent players operating in this region. The Asia Pacific market is estimated to gain the fastest growth in terms of revenue due to a surge in e-commerce activities and a rise in demand from the telecommunication sector in emerging economies in this region.
Players to Focus on Network Attached Storage Market
The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Dell Technologies Inc., NetApp, Inc., HEWLETT PACKARD ENTERPRISE COMPANY (HPE), Hitachi, Ltd. (Japan), WESTERN DIGITAL CORPORATION, SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY (PLC), NETGEAR, Inc., Synology, Inc., QNAP Systems, Inc., Drobo, Inc., ASUSTOR Inc., IBM, Huawei Technologies Co., Ltd., Microsoft, Cisco Systems, Inc. among others could be at the forefront of the competition in the global market.
Synology Inc.: In January 2020, Synology Inc. had recently launched the DiskStation DS420j (a 4-bays NAS server), a file syncing and sharing solution that addresses different capacity demands of home users.
NetApp Inc.: In March 2020, NetApp Inc. had acquired Talon Storage (US), a leader in next-generation software-defined storage solutions, to enable global enterprises to centralize and consolidate IT storage infrastructure to the public clouds.
Scope of the Report
By Deployment Type
- Education & Research
- Media & Entertainment
- Business & Consulting
- North America
- Asia Pacific
Key Reasons to Purchase this Report
- It provides a technological development map over time to understand the growth rate of the industry.
- The report offers a dynamic method to various factors that drive or restrain the growth of the market.
- It renders definite analysis for changing competitive dynamics.
- It builds a seven-year estimate based on how the market is predicted to grow.
Table of Content
Chapter 1 Overview And Scope
1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
1.2 Market Segmentation
Chapter 2 Our Research Practice
2.1 Our Research Methodology
2.2 Data Triangulation
2.3 Data Sources
2.4 Assumptions for the study
2.5 Approach Adopted
Chapter 3 Executive Summary
3.1 Market Snapshot
3.2 Regional Snapshot
3.3 Segment Summary
Chapter 4 Covid-19 Impact Analysis
4.2 Prevalence analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Network Attached Storage Market Forces
5.1 What’s Driving the Market
5.2 Porter’s Five Forces Analysis
5.2.1 Power of Suppliers
5.2.2 Threats From New Entrants
5.2.3 Power of Buyer
5.2.4 Threat From Substitute Product
5.2.5 Degree of Competition
Chapter 6 Global Network Attached Storage Market -Industry Snapshots
6.1.1 Global Network Attached Storage Market Value, 2019 – 2028, (US$ Bn)
6.2 Market Overview
6.2.1 Drivers Analysis
6.2.2 Restraint/Challenges analysis
6.2.3 Opportunity Analysis
6.3 Supply Chain/Value Chain Analysis
6.4 Market SWOT Analysis
Chapter 7 Global Network Attached Storage Market Analysis, by Deployment Type
7.2 Key Findings for Network Attached Storage Market- By Deployment Type
7.2.1 Network Attached Storage Market- On-premise
7.2.2 Network Attached Storage Market- Remote
7.2.3 Network Attached Storage Market- Hybrid
Chapter 8 Global Network Attached Storage Market Analysis, by Application
8.2 Key Findings for Network Attached Storage Market- By Application
8.2.1 Network Attached Storage Market- Healthcare
8.2.2 Network Attached Storage Market- Energy
8.2.3 Network Attached Storage Market- Government
8.2.4 Network Attached Storage Market- Education & Research
8.2.5 Network Attached Storage Market- Media & Entertainment
8.2.6 Network Attached Storage Market- Manufacturing
8.2.7 Network Attached Storage Market- Business & Consulting
Chapter 9 Network Attached Storage Market Analysis by Region
9.1 Key Findings for Network Attached Storage Market- By region
9.2.1 Global Network Attached Storage Market Analysis, By Deployment Type, 2019 – 2028
9.2.2 Global Network Attached Storage Market Analysis, By Application, 2019 – 2028
9.3 Network Attached Storage Market – North America
9.3.5 North America Market, By Deployment Type
9.3.6 North America Market, By Application
9.4 Network Attached Storage Market – Europe
9.4.3 United Kingdom
9.4.6 Rest Of Europe
9.4.7 Europe Market, By Deployment Type
9.4.8 Europe Market, By Application
9.5 Network Attached Storage Market – Asia Pacific
9.5.5 Rest of APAC
9.5.6 Asia Pacific Market, By Deployment Type
9.5.7 Asia Pacific Market, By Application
9.6 Network Attached Storage Market – SAMEA
9.6.2 Middle East & Africa (MEA)
9.6.3 South America
9.6.4 Rest Of World
9.6.5 South America, Middle East and Africa Market, By Deployment Type
9.6.6 South America, Middle East and Africa Market, By Application
Chapter 10 Market Competition Analysis
10.1 Market Share/Positioning Analysis
10.1.1 Market Positioning of Key Vendors, 2019
10.1.2 Key Strategies Adopted by the Leading Players
10.1.3 Recent Developments
Chapter 11 Company Profiles- Snapshot
11.1 Dell Technologies Inc.
11.1.1 Business Fundamentals
11.1.2 Financial Snapshots
11.1.3 Product Portfolio
11.1.4 Recent Developments
11.2 NetApp, Inc.
11.3 HEWLETT PACKARD ENTERPRISE COMPANY (HPE)
11.4 Hitachi, Ltd.
11.5 WESTERN DIGITAL CORPORATION
11.6 SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY (PLC)
11.7 NETGEAR, Inc.
11.8 Synology, Inc.
11.9 QNAP Systems, Inc.
11.10 Drobo, Inc.
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies”
Chapter 12 Appendix
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