Network-Attached Storage Market By Storage Solution (Scale up (NAS), Scale out (NAS)), By Product (Enterprise, Midmarket), By Industry Vertical (BFSI, Healthcare, Retail and E-commerce, IT and Telecom, Automotive, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global network-attached storage industry market was valued at $25.6 billion in 2022, and is projected to reach $96.1 billion by 2032, growing at a CAGR of 14.6% from 2023 to 2032.
A specialized file storage device known as network attached storage (NAS) is connected to a network and enables numerous people and devices to store, access, and manage data across a local area network (LAN) or a larger network, such as the Internet.
Future developments indicate that on-premises NAS integration with cloud storage is expected to become more common. This is anticipated to enable total control over data in the NAS as well as cloud backup and archiving. For storage provisioning, several suppliers strive to combine the current NAS system with well-known cloud storage services. During the projection period, these elements are anticipated to fuel demand for network attached storage (NAS) systems.
The surge in the need for network-attached storage (NAS) systems is mostly due to their accessibility, affordability, and capacity. NAS systems perform better than DAS in many situations, particularly when several devices need to access the same store. NAS performs some workloads better than SAN, depending on network traffic and preferred storage connection protocols.
Compared to direct-attached storage (DAS), network area systems (NAS) have a number of benefits, especially when numerous devices need to access the same data repository at once. In situations like this, network attached storage (NAS) shines because it offers a centralised, user-friendly storage solution that can meet the demands of multiple users. NAS also performs better in certain workloads than storage area network (SAN) configurations. The recommended storage connection protocols and the kind of network traffic will determine whether this performance advantage is realised. Because of their great adaptability, network area systems (NAS) may be used in both household and corporate settings.
The network attached storage market is segmented into storage solutions, products, industry vertical, and region. By storage solution, the market is classified into scale up and scale out. By product, it is bifurcated into enterprise and midmarket. By industry vertical, it is divided into BFSI, healthcare, retail & e-commerce, IT & telecom, automotive, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries. On the basis of region, the network-attached storage market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major global network-attached storage market players that have been provided in the report include Dell Technologies, NetApp, Inc., Hitachi Ltd., Western Digital Corporation, Seagate Technology PLC, Netgear Inc., Synology Inc., IBM Corporation, Buffalo Technology, and Hewlett Packard Enterprise Development LP. The key strategies adopted by the major players of the network-attached storage market are product launch.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the network-attached storage industry market analysis from 2022 to 2032 to identify the prevailing network-attached storage industry market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the network-attached storage industry market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global network-attached storage industry market trends, key players, market segments, application areas, and market growth strategies.
Product Benchmarking / Product specification and applications
Import Export Analysis/Data
Key Market SegmentsBy Storage SolutionScale up (NAS)
Scale out (NAS)
By ProductEnterprise
Midmarket
By Industry VerticalOthers
BFSI
Healthcare
Retail and E-commerce
IT and Telecom
Automotive
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersNetgear Inc.
Synology Inc.
NetApp, Inc.
Hitachi Ltd.
Western Digital Corporation
Dell Technologies
Seagate Technology PLC
Buffalo Technology
IBM Corporation
Hewlett Packard Enterprise Development LP
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