Market Highlights:
The Global Network-Attached Storage Market is growing rapidly mainly due to the efficient, cost-effective solutions NAS provides for data storage & retrieval. The high revenue growth in the small and medium enterprises across the end-user is a major factor likely to result in the huge growth of the NAS market over the forecast period. The increase in adoption of NAS by small and medium enterprises is another key driving force escalating the market on the global heights.
Acknowledging the exponential growth, this market perceives currently Market Research Future (MRFR) in its recently published study report asserts that the global network-attached storage market is projected to reach approximately 44.96 BN USD by 2023, registering a striking double0digit CAGR over 20% between 2017 and 2023.
The Network-Attached Storage systems provide users with cost-effective solutions for increased control over data and the greater flexibility to accommodate changing business conditions. The rising demand of NAS system across industries fosters the growth of the market. The increasing utilization of network-attached storage systems is the potential driver for small and medium enterprises, especially in emerging economies.
The uptake of NAS systems among smaller organizations is mainly driven by the benefits offered by network attached storage systems such as centralized control, shared storage, and flexibility to share capacity between multiple hosts. The need to meet regulations & compliance and to improve & sustain strategic risk management have fuelled the growth of the network attached storage systems market.
The augmenting demand to capture and analyze the rapidly increasing data in the digital technologies such as the Internet of Things (IoT), cloud computing, and the big data analytics are generating the demand for the network attached storage systems.
Additionally, factors such as the growing volume of business data, increasing regulatory pressure, increasing usages of external data sources, and the need for improvement of the performance of data are substantiating the growth of the market.
On the flip side, factors such as lack of awareness and security issues are estimated to obstruct the growth of the market. Nevertheless, factors like the increasing demand for data access functions in big data, and the evolving artificial intelligence are expected to boost the growth of the network-attached storage market over the forecast period, 2017-2023.
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Segments:
The MRFR analysis is segmented into five key dynamics for the convenience of understanding;
By Types : Small-medium business-level NAS, Enterprise NAS storage, and Consumer Level NAS among others.
By Storage Solution : Scale-up and Scale-out among others.
By Deployment Type : Remote, On-premise, and Hybrid among others.
By End-user : Healthcare, Government, BFSI Telecommunication, and IT among others.
By Regions : North America, Europe, APAC, and the Rest-of-the-World.
Regional Analysis:
North America region is the largest market in terms of the market share in the global network-attached storage market owing to the presence of many industries. The study signifies that network-attached storage is trending among the small and medium enterprises and its market is projected to be the most attractive markets in the region.
Factors substantiating market growth include the unparalleled expansion of data, increasing the adoption of the Internet of Things (IoT), and stringent data related to regulatory compliances. Moreover, the factors such as the early adoption of emerging technologies, substantial investments in cloud-based solutions, and the presence of a huge number of players present in this region are supporting the market growth.
The European region will be the second largest market share for network-attached storage solutions during the forecast period. The augmenting demand for NAS from the increasing number of data infrastructures to ensure continuous delivery of the data management services.
The Asia Pacific network-attached storage market is emerging as a profitable market. Factors substantiating the market growth include the increasing demand for digitization and raising awareness about the new technological solutions. Additionally, the rising stringent data related regulatory compliances drive the market growth in the region.
Competitive Analysis:
Characterized by the presence of many large and small-scale players, the global network-attached storage market appears highly fragmented and competitive. Well-established players incorporate strategic initiatives such as the acquisition, collaboration, expansion, technology launch, and partnership to gain a competitive advantage in the market and to maintain their market positions. Strategic partnerships between the players support the growth and expansion plans of the key players. These players compete based on pricing, technology, reputation, and services.
Key Players:
Some of the leaders of the market include Synology, Inc. (Taiwan), NETGEAR, Inc. (US), Buffalo Americas (US), Dell EMC (US), Seagate Technology PLC. (US), Hewlett-Packard Enterprise Company (US), Western Digital Corporation (US), Hitachi Data Systems Corporation (US), NetApp, Inc. (US), and QNAP Systems, Inc. (Taiwan).
Browse more details on this report at: https://www.marketresearchfuture.com/reports/network-attached-storage-market-3814
Industry/Innovation/Related News:
December 11, 2018 – QNAP Systems, Inc. (Taiwan), a corporation specializing in Network-attached storage appliances used for virtualization, file sharing, storage management, and surveillance applications launched the TS-977XU AMD Ryzen™ NAS series. The release happens to be QNAP’s first 1U hybrid-structure NAS.
November 21, 2018 – QNAP Systems, Inc. (Taiwan), a corporation specializing in Network-attached storage appliances used for virtualization, file sharing, storage management, and surveillance applications released a special-purpose accelerator - Mustang-200 based on two Intel CPUs that are designed to significantly boost the processing capabilities of NAS boxes and even PCs.
Mustang-200 can speed up access to data located on a NAS box, and can also be used to increase image processing capabilities of NASs used for surveillance, run AI and ML apps, or speed up virtual machines.
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Network Attached Storage Nas Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Network Attached Storage Nas industry with a focus on the Chinese market.
The report provides key statistics on the market status of the Network Attached Storage Nas manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Network Attached Storage Nas market covering all important parameters.The key ponits of the report:The report provides a basic overview of the industry including its definition, applications and manufacturing technology.The report explores the international and Chinese major industry players in detail.
In this part, the report presents the company profile, product specifications, capacity, production value, and 2014-2019 market shares for each company.Through the statistical analysis, the report depicts the global and Chinese total market of Network Attached Storage Nas industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.The report then estimates 2019-2024 market development trends of Network Attached Storage Nas industry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.The report makes some important proposals for a new project of Network Attached Storage Nas Industry before evaluating its feasibility.Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-network-attached-storage-nas-2019-2024-490There are 3 key segments covered in this report: competitor segment, product type segment, end use/application segment.For competitor segment, the report includes global key players of Network Attached Storage Nas as well as some small players.
At least 9 companies are included: Dell Synology Lenovo Net AppTo know more competitorThe information for each competitor includes: Company Profile Main Business Information SWOT Analysis Sales, Revenue, Price and Gross Margin Market ShareFor product type segment, this report listed main product type of Network Attached Storage Nas market in gloabal and china.
Computer Based NAS Embedded System Based NAS ASIC Based NASFor end use/application segment, this report focuses on the status and outlook for key applications.
According to the new market research report "Network Attached Storage (NAS) Market with COVID-19 Impact Analysis, by Design (8 bays to 12 bays, More than 20 bays), Product (Enterprise, Midmarket), Storage Solution (Scale-up, Scale-out), Deployment Type, End-user Industry, & Geography - Global Forecast to 2025", published by MarketsandMarkets™, the global NAS market is estimated to grow from USD 23.2 billion in 2020 to USD 48.0 billion by 2025, at a CAGR of 15.7%.
The increased use of smartphones, laptops, and tablets resulting in the generation of large volumes of data and the rapid adoption of 4G and 5G technologies are the key factors fueling the growth of this market.Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=35395533Market for 1-bay to 8-bay NAS solutions accounted for largest share of NAS market in 2019In 2019, NAS systems with 1 bay to 8 bays held the largest market share, and a similar trend is likely to be observed during the forecast period owing to the growing adoption of 1-bay to 8-bay NAS solutions by small and medium-sized businesses, homes, education and research centers, media and entertainment companies, and business and consulting service providers.
An increase in the volume of data generated across these industries, is leading to the increased demand for 1-bay to 8-bay NAS solutions.Market for midmarket NAS solutions is expected to grow at highest CAGR during forecast periodThe midmarket NAS solutions held a larger market share in 2019, and a similar trend is likely to be observed in the near future.
The increased use of smart devices products such as smartphones, tablets, and other smart devices led to the rise of digital media.
Midmarket NAS solutions are ideal and inexpensive solutions for small- and mid-sized businesses and homeowners.Market for scale-up NAS solutions accounted for largest share of NAS market in 2019Scale-up NAS solutions held a larger market share in 2019.
Also, these solutions are available at a lower cost compared to scale-out solutions.Market for hybrid deployment is expected to grow at highest CAGR during forecast periodThe hybrid segment is expected to register the highest CAGR in the NAS market during the forecast period.
