Network-Attached Storage (NAS) Market, By Types (Enterprise NAS storage, Small medium business-level NAS, Consumer Level NAS), By Storage Solution (Scale-up, Scale-out), By Deployment Types, By End-User (Telecommunication and IT, Healthcare, Government, BFSI) - Forecast 2023
Pune, India - January 21, 2019 /MarketersMedia/ —
Market Highlights:
The Network Attached Storage (NAS) device is a storage device connected to a network that allows storage and retrieval of data from a centralized location for authorized network users and heterogeneous clients. It is gaining popularity of network attached storage to attain cost-effective solutions for data storage and increase in adoption of network attached storage systems by small and medium enterprises. The major factor likely to result in high revenue growth in the small and medium enterprises end user segment during the predicted period.
The study indicates that the Network-Attached Storage Market is optimized by the features that includes more secure construction providing more resistance to vibration. It offers power management so it can adjust performance based on their temperature. With the increasing utilization of network attached storage systems has projected to be the potential driver for small and medium enterprises, especially in emerging economies. This adoption of network attached storage systems among smaller organizations is mainly driven by the benefits offered by network attached storage systems such as shared storage, centralized control, and flexibility to share capacity between multiple hosts.
The Network Attached Storage (NAS) device is a storage device which when connected to a network allows storage and retrieval of data from a centralized database. The global network-attached storage (NAS) market is anticipated to grow at a CAGR of 20.2 % during the forecast period of 2018 and 2023.
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Major Key Players:
The key players in the Network-Attached Storage (NAS) Market are NETGEAR, Inc. (US), Hewlett-Packard Enterprise Company (US), Buffalo Americas (US), Seagate Technology PLC. (US), Western Digital Corporation (US), QNAP Systems, Inc. (Taiwan) Dell EMC (US), Hitachi Data Systems Corporation (US), Synology, Inc. (Taiwan), and NetApp, Inc. (US) and others.
Segments:
To generate a more detailed understanding of the global network-attached storage (NAS) system market the report has been segmented by types, storage solution, deployment type, end -users and region.
Based on the types, the market has been sub segmented by small medium business-level NAS, consumer level NAS, enterprise NAS storage, others
Based on the storage solution, the market has been sub segmented by scale-up, scale-out, others
Based on the deployment type, the market has been sub segmented by on-premise, remote, hybrid, others
Based on the end-user, the market has been sub segmented by government, entertainment, telecommunication and it, education & research, healthcare, energy, BFSI, consumer goods and retail, media & manufacturing, others
Based on the regions, the market has been sub segmented by North America, Europe, Asia Pacific, rest of the World
Regional Analysis:
North America, dominates market for the global network-attached storage (NAS) market owing to large demand, presence of larger players, large information technology center and others. The small and medium enterprises segment is anticipated to be the fastest growing segment in the North America market.
Europe accounts for the second largest market with Germany, France and the U.K. Generating most of the growth. However the market is expected to shift to Asia Pacific region led by China, Japan and India.
However for the forecast period, small and medium enterprises segment is anticipated to account for more than 60% of the Asia Pacific consumer network attached storage market. Middle East and Africa region is expected to reflect moderate growth owing to poor economic conditions.
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Drivers
The drivers of the market are growing capacity and capabilities of storage devices such as storage volume, higher readability, robustness and data stability, greater reliability, speed, and resiliency.
The growing need for backup and explosive expanse in data volume generation, growing menace of virus, shortened life cycle of software creating large backup needs, growing volume of larger file types such as media files, creating demand for streaming, rising demands for syncing, growing adoption of connected devices, and growing usage of internet are the prime drivers of the market. Government regulation for business to store and maintain a backup of data, benefits of centralization of data such as easy management, shared storage, centralized control, growing heterogeneity of usage, cost-effective solutions for data storage and increase in adoption of network attached storage systems by small and medium enterprises are other drivers of the market.
Current Market Trends and Expectations:
Advent of cloud computing is expected to shift the market from smaller data storage solutions to enterprise and large data storage capacity says Mr. Suhail Noolkar, researcher at Market Research Future. He adds that “cloud will store greater than 50 % of total consumer data in the near future.”
Mr. Noolkar, further sees trends such as the big data, and enterprise mobility to create connected data ecosystems driving demand for storage capacity. He concludes with his well-informed prediction that “demand from large enterprises will outstrip other segment with Big data presenting a momentous market opportunity.”
Solid state drive (SSD) is expected to be the fastest segment, but hard disk drive (HDD) technology is here to stay due to their cost effectiveness and large data capacities. Hybrid drives are expected to be the new standard (SSD + HDD). SSD prices are expected to fall but will be higher than HDD.
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Intended Audience
• Raw material providers
• Raw material and manufacturing equipment suppliers
• Data storage experts
• Original equipment manufacturers
• ODM and OEM technology solution providers
• NAS distributors and retailers
• Assembly, testing, and packaging vendors
• Solution providers
• Intellectual property core and licensing providers
• Technology standards organizations
• Technology investors
• Research institutes,
• System Integrators
• Research/Consultancy firms
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Source: MarketersMedia
Release ID: 473303
