Network Attached Storage Market: Distribution by Design, Product Category, Storage Solution, Mode of Deployment, End-User, and Geography, Industry Trends and Global Forecasts

Network Attached Storage Market Overview

As per Roots Analysis, the global network attached storage market size is estimated to grow from USD 31 billion in the current year USD 100 billion by 2035, at a CAGR of 16.18% during the forecast period, till 2035.

The opportunity for network attached storage market has been distributed across the following segments:

Design

• 1 to 8 Bays
• 8 to 12 Bays
• 12 to 20 Bays
• More than 20 Bays

Product Category

• Enterprise NAS Solutions
• Midmarket NAS Solutions
• Desktop NAS Solutions

Storage Solution

• Scale-up NAS
• Scale-out NAS

Mode of Deployment

• On-premise Deployment
• Cloud-based Deployment
• Hybrid Deployment

End-User

• Banking, Financial Services and Insurance (BFSI)
• Consumer Goods and Retail
• Telecommunication
• Healthcare
• Government
• Others

Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Network Attached Storage Market: Growth and Trends

Network attached storage (NAS) systems serve as centralized resources that allow numerous users and various devices to retrieve data stored on disks via a shared network. Users on a local area network (LAN) can connect to this storage using a standard ethernet connection. Typically, NAS devices are set up and managed through a web browser. These systems are designed to facilitate easy access to shared storage for LAN users, and they also offer expandable storage capabilities, enabling organizations to gather substantial amounts of data in one central location. When compared to traditional storage systems, NAS solutions are more economical, making them an appealing choice for numerous organizations.

Additionally, besides providing local data storage, many network attached storage devices can connect to cloud servers to support more users and regular data backups. This allows users to enjoy worry-free data storage with diverse data sharing options. Depending on the type of organization, network attached storage systems can be classified into three main categories: enterprise NAS, midmarket NAS, and low-end or desktop NAS. Enterprise NAS systems come with multiple bays to support a high volume of data storage and easier access on a larger scale.

Before network attached storage devices were introduced, organizations had to consistently manage multiple servers for data consolidation; however, contemporary NAS systems come with multiple disks, allowing the user to store extensive amounts of data with the convenience of remote access, all while minimizing latency. As a result, owing to the abovementioned factors, the network attached storages market is expected to grow significantly during the forecast period.

Network Attached Storage Market: Key Segments

Market Share by Design

Based on design, the global network attached storage market is segmented into a 1 to 8 bays, 8 to 12 bays, 12 to 20 bays and more than 20 bays. According to our estimates, currently, the 1 to 8 bays segment captures the majority of the market share. This is due to the widespread use of single bay NAS systems for personal or small-scale applications, such as backing up gaming files and monitoring home surveillance cameras.

Market Share by Product Category

Based on product category, the global network attached storage market is segmented into enterprise NAS solutions, midmarket NAS solutions and desktop NAS solutions. According to our estimates, currently, midmarket NAS systems captures the majority of the market share. Nevertheless, due to the rising demand for accessible data storage solutions in small businesses, the desktop NAS solutions market is projected to experience a higher CAGR during the forecast period.

Market Share by Storage Solution

Based on storage solution, the global network attached storage market is segmented into scale-up NAS and scale-out NAS. According to our estimates, currently, the scale-out NAS devices captures the majority of the market share. This is due to the fact that scale-out systems offer users the capability to add redundant arrays of independent disks (RAID) to expand storage capacity while maintaining speed.

Market Share by Mode of Deployment

Based on mode of deployment, the global network attached storage market is segmented into on-premise deployment, cloud-based deployment and hybrid deployment. According to our estimates, currently, the on-premise segment captures the majority of the market share. Nevertheless, spurred by the rising need for contact-free installation of storage options following the COVID-19 pandemic, the cloud-based NAS solutions are anticipated to experience a higher compound annual growth rate during the forecast period.

Market Share by End-User

Based on end-user, the global network attached storage market is segmented into banking, financial services and insurance (BFSI), consumer goods and retail, telecommunication, healthcare, government, and others. According to our estimates, currently, the telecommunication industry captures the majority of the market share. Nevertheless, fueled by the growing use of single NAS systems for personal or small-scale applications, the consumer goods and retail segment is projected to experience a higher CAGR throughout the forecast period.

Market Share by Geographical Regions

Based on geographical regions, the network attached storage market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently North America captures the majority share of the market. Additionally, it is important to note that the network attached storage market in the Asia-Pacific region is projected to expand at a comparatively higher CAGR during the forecast period.

Example Players in Network Attached Storage Market

• ASUSTOR
• Buffalo Americas
• Cisco Systems
• Dell Technologies
• D-Link
• Drobo
• Hewlett Packard Enterprise
• Hitachi
• Huawei Technologies
• IBM

Network Attached Storage Market: Research Coverage

The report on the network attached storage market features insights on various sections, including:

• Market Sizing and Opportunity Analysis: An in-depth analysis of the network attached storage market, focusing on key market segments, including [A] design, [B] product category, [C] storage solution, [D] mode of deployment, [E] end-user, and [F] geography.
• Competitive Landscape: A comprehensive analysis of the companies engaged in the network attached storage market, based on several relevant parameters, such as [A] year of establishment, [B] company size, [C] location of headquarters and [D] ownership structure.
• Company Profiles: Elaborate profiles of prominent players engaged in the network attached storage market, providing details on [A]  location of headquarters, [B] company size, [C] company mission, [D] company footprint, [E] management team, [F] contact details, [G] financial information, [H] operating business segments, [I] portfolio, [J] moat analysis, [K] recent developments, and an informed future outlook.
• Megatrends: An evaluation of ongoing megatrends in the network attached storage industry.
• Patent Analysis: An insightful analysis of patents filed / granted in the network attached storage domain, based on relevant parameters, including [A] type of patent, [B] patent publication year, [C] patent age and [D] leading players.
• Recent Developments: An overview of the recent developments made in the network attached storage market, along with analysis based on relevant parameters, including [A] year of initiative, [B] type of initiative, [C] geographical distribution and [D] most active players.
• Porter’s Five Forces Analysis: An analysis of five competitive forces prevailing in the network attached storage market, including threats of new entrants, bargaining power of buyers, bargaining power of suppliers, threats of substitute products and rivalry among existing competitors.
• SWOT Analysis: An insightful SWOT framework, highlighting the strengths, weaknesses, opportunities and threats in the domain. Additionally, it provides Harvey ball analysis, highlighting the relative impact of each SWOT parameter.
• Value Chain Analysis: A comprehensive analysis of the value chain, providing information on the different phases and stakeholders involved in the network attached storage market.

Key Questions Answered in this Report

• How many companies are currently engaged in network attached storage market?
• Which are the leading companies in this market?
• What factors are likely to influence the evolution of this market?
• What is the current and future market size?
• What is the CAGR of this market?
• How is the current and future market opportunity likely to be distributed across key market segments?

Reasons to Buy this Report

• The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
• Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
• The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.

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