DUBLIN March 23, 2022- The Global Network Attached Storage Market is estimated to be USD 37.68 Bn in 2021 and is expected to reach USD 86.17 Bn by 2026, growing at a CAGR of 17.99%.
5G’s ability to connect millions of devices will drive the development of smart cities, factories, and smart agriculture. Hence, these factors are the rapid deployment of 5G likely to uplift the demand for these systems. Network Storage drivers measure increasing requirements to access knowledge anytime within the company network and web. Increase in adoption of workplace remote & virtual, business continuity coming up with and therefore the making ought to offer remote access to company networks to workers fuelling demand for the NAS technology.
Anticipated demand to stay high among the tiny and medium enterprises, as NAS devices offer a cheap resolution for these corporations that square measure typically saddled with problems, such as restricted access there too and monetary resources. Another market growth is the surge within the massive usage of analytics and data processing applications. The increasing number of cyber-attacks is likely to restrict market growth. Challenges are Security concerns for remotely located data hampering the market growth.
Market Segmentation
- The Global Network Attached Storage Market is segmented further based on Design, Product, Storage, Deployment, Essential components, End User, and Geography.
- By Design Type, the market is classified as 1Bay to 8 Bays, 8 Bays to 12 Bays, 12 Bays to 20 Bays, and More than 20-Bays.
- By Product Type, the market is classified as Enterprise NAS Solutions and Midmarket NAS Solutions.
- By Storage Type, the market is classified as Scale-up NAS Solution and Scale-out NAS Solution.
- By Deployment Type, the market is classified as On-premises, Remote, Hybrid.
- By Essential Components, the market is classified as Hardware and Software.
- By End User Type, the market is classified as Banking, Financial Services & Insurance, Consumer goods & Retail, Telecommunications & ITES, Healthcare, Energy, Government, Education & Research, Media & Entertainment, Manufacturing, Business & Consulting, and Others.
- By Geography, Asia Pacific is projected to lead the market.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Network Attached Storage Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
- The report also contains the competitive analysis using a Competitive Quadrant, the analyst’s proprietary competitive positioning tool.
Market Dynamics
Drivers
- Rapid Deployment of Fifth-Generation Wireless Technology
- Increasing Need to Access Data Time
- Increasing Adoption of Remote nd Virtual Office
Restraints
- Increasing Number of Cyber Attacks to Impede Adoption of NAS
Opportunities
- Demand Among Small and Medium Enterprises
- The Surge in the Usage of Big Data Analytics
Challenges
- Security Concern with Remotely Located Data
Companies Mentioned
- Dell Technologies Inc.
- NetApp Inc.
- HEWLETT PACKWARD ENTERPRISE COMPANY
- Hitachi Ltd.
- WESTERN DIGITAL CORPORATION
- SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY PLC
- NETGEAR Inc.
- Synology Inc.
- Buffalo Americas Inc.
- QNAP Systems Inc.
- Drobo Inc.
- ASUSTOR Inc.
- IBM
- Huawei technologies co. Ltd.
- Cisco Systems Inc.
- Microsoft
- D-Link Corporation
- Thecus Technology Corp
- Infortrend Technology Inc.
- Panasas
- SoftNAS Inc.
- Nasuni Corporation
- EMC corporation
- overland storage Inc.
- SGI Corporation
For more information about this report visit https://www.researchandmarkets.com/r/3jfcl3