Introduction of the Network Attached Storage (NAS) Market Report

Network attached storage is an updated storage architecture which increases the accessibility for network devices. It provides devices with a single access point for storage along with built-in capabilities for storage, management, and fault tolerance. NAS systems are popular with small and medium sized enterprises in many industries as scalable, effective, and low-cost storage solutions.

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Market Dynamic

Key Drivers and Emerging Trends

Network attached storage market is experiencing robust growth due to the rising demand of systems for enhancing performance, which is one of the major factors responsible for the growth of the market. Evolution in data storage has partly driven the technology, which led to the adoption of network attached storage, reducing operational downtime and developing business efficiency. NAS allows the clients to access data without an intermediary. Dell Technologies is involved in exploring the new aspects of data management by offering storage software like OneFS, DataIQ, and CloudIQ, which has accelerated data management’s power scale. These systems offer a cost-effective way to enhance the storage capacity coupled with the easy implementation of resource grades.

In addition, the adoption of the network attached storage device (NAS) by the government across the globe has surged the market. For instance, in 2020 Indian government procured NAS devices for continuing the virtual courts during the pandemic, which led to the court’s smooth functioning.

Restraint in the Network Attached Storage (NAS) Market

However, data security is the major concern among enterprises which is expected to hamper the global network attached storage service market.

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Component – Segment Analysis

Based on the component, the solutions segment is expected to grow at a higher CAGR in the market. Market players are involved in offering solutions like IBM’s NAS 250-25T, NAS 100, Syncology Inc. FS series (FS3400), XS series and others. These solutions allow the enterprises to share and save data files from anywhere over an internet connection, which is primarily responsible for the market’s growth.

Deployment – Segment Analysis

Based on the deployment, cloud is expected to witness a growth of higher CAGR in the NAS market over the forecast period. This is due to the increasing emphasizing activities specifically for cloud solutions, which has substantially surged the growth of the market. For instance, in 2020 QNAP systems, inc. officially launched software-defined cloud native solution, which enabled the cloud deployment for a valid subscription.

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Regional – Segment Analysis:

Based on the region, North America is expected to dominate the global network attached service market over the forecast period. This is primarily due to NAS providers’ presence due to the increase in the number of medium and small enterprises with the rise in the adoption of cloud technology for sharing personal, corporate, and media files. In addition, the presence of the key players in the region like Dell Inc., IBM Corporation, Hitachi Data Systems Corporation, have significantly driven the market.

Top Market Players

Various notable players operating in the market, include, IBM Corporation, Syncology Inc., Hitachi Data Systems Corporation, Dell Inc., Drobo, Inc., ASUSTOR Inc, Huawei Technologies Co., Ltd., Microsoft, CISCO SYSTEMS, INC., D-Link Corporation, among others. 

Key Developments:

• • In 2019, Syncology Inc. and Taiwan Computer Emergency Response Team/Coordination Center officially announced the collaboration with International cybersecurity organizations.

Segments covered in the Report:

The global network attached storage (NAS) market has been segmented based on component, deployment, end-user, and regions. Based on component, the market is segmented into solution and services. Based on deployment, the market is segmented into cloud and on-premises. Based on end-user, the market is segmented into BFSI, healthcare, retail, IT and telecom and others. 

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Key questions answered in this research report:

• • At what pace is global network attached storage (NAS) market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in network attached storage (NAS) market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global network attached storage (NAS) market?
  • Which component generated maximum revenues in 2019 and identify the most promising component during the forecast period?
  • What are the various deployment areas of global network attached storage (NAS) market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Network Attached Storage (NAS) Market by Component

• • Solution
  • Services

Global Network Attached Storage (NAS) Market by Deployment

• • Cloud
  • On-Premises

Global Network Attached Storage (NAS) Market by End-User

• • BFSI
  • Healthcare
  • Retail
  • IT and Telecom
  • Others

Global Network Attached Storage (NAS) Market by Region

• • North America Network Attached Storage (NAS) Market (Option 1: As a part of the free 25% customization)
    • North America Network Attached Storage (NAS) Market by Component
    • North America Network Attached Storage (NAS) Market by Deployment
    • North America Network Attached Storage (NAS) Market by End-User
    • US Network Attached Storage (NAS) Market All-Up
    • Canada Network Attached Storage (NAS) Market All-Up
  • Europe Network Attached Storage (NAS) Market (Option 2: As a part of the free 25% customization)
    • Europe Network Attached Storage (NAS) Market by Component
    • Europe Network Attached Storage (NAS) Market by Deployment
    • Europe Network Attached Storage (NAS) Market by End-User
    • UK Network Attached Storage (NAS) Market All-Up
    • Germany Network Attached Storage (NAS) Market All-Up
    • France Network Attached Storage (NAS) Market All-Up
    • Spain Network Attached Storage (NAS) Market All-Up
    • Rest of Europe Network Attached Storage (NAS) Market All-Up
  • Asia-Pacific Network Attached Storage (NAS) Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Network Attached Storage (NAS) Market by Component
    • Asia-Pacific Network Attached Storage (NAS) Market by Deployment
    • Asia-Pacific Network Attached Storage (NAS) Market by End-User
    • China Network Attached Storage (NAS) Market All-Up
    • India Network Attached Storage (NAS) Market All-Up
    • Japan Network Attached Storage (NAS) Market All-Up
    • Rest of APAC Network Attached Storage (NAS) Market All-Up
  • RoW Network Attached Storage (NAS) Market (Option 4: As a part of the free 25% customization)
    • RoW Network Attached Storage (NAS) Market by Component
    • RoW Network Attached Storage (NAS) Market by Deployment
    • RoW Network Attached Storage (NAS) Market by End-User
    • Brazil Network Attached Storage (NAS) Market All-Up
    • South Africa Network Attached Storage (NAS) Market All-Up
    • Saudi Arabia Network Attached Storage (NAS) Market All-Up
    • UAE Network Attached Storage (NAS) Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Network Attached Storage (NAS) Market All-Up

Major Players Operating in the Network Attached Storage (NAS) (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • IBM Corporation
  • Syncology Inc.
  • Hitachi Data Systems Corporation
  • Dell Inc.
  • Drobo, Inc.
  • ASUSTOR Inc
  • Huawei Technologies Co., Ltd.
  • Microsoft
  • CISCO SYSTEMS, INC.
  • D-Link Corporation