Network Attached Storage Market, Segment Research Study Research Greater Revenues During Size, Share and Share, Key Manufacturers | Hitachi Vantara Corporation (US), Netapp Inc

 


 

 

Market Scenario:

As per the recent report, the global Network Attached Storage Market size is valued at USD 21.75 billion in 2020 and is expected to exhibit a significant CAGR of 20.3% with market size of USD 91.23 billion during the forecast period 2021-2028. 

 

Network Attached Storage (NAS) is a hard drive that offers retrieving and storage building for data from a centralized area to diverse customers, approved network consumers, and authorized network operators. This is a highly developed system specially designed for heavy network systems that can process millions of transactions per minute. This system is accessed through an assigned network address and acts as a server for sharing the files. It cannot enable other services like emails or authentication. This system provides a storage system for enterprises that require a reliable network system. 

 

The rising dependence on digital content which is stored in the cloud environment by small and medium enterprises (SMEs) are propelling the market growth. The proliferation of social media content and high-speed data transferring technologies like 4G & 5G is fostering the growth of the market. The growing requirement of the huge amount of secure data storage devices for video surveillance applications is highly demanding of this system. The rising adoption of remote & virtual office environments, business continuity planning, and the requirement to provide remote access to corporate networks to employees are boosting the growth of the market. Data compression ability for storing a duplicate copy of data in network-attached storage devices is surging the adoption of this system. 

 

The network-attached storage market opportunities are growing adoption of hybrid cloud services is fueling the demand for cutting-edge NAS systems. 

 

COVID-19 Analysis:

The business impact of SARS-CoV-2 has been felt across diverse sections of the information technology industry, albeit at different levels. Companies in the technology sector that supply services for verticals like travel, retail, hospitality, and entertainment have noted a dramatic decrease in sales, while the firms that provide services related to remote worker solutions have observed the opposite. Network-Attached Storage ’s fate post pandemic has been relatively less grim compared to Education Services (ES) and Professional Services (PS) that are mostly dependent on components that are generally on-site. Novel coronavirus has Network-Attached Storage   to open new avenues for those firms that are on the lookout for solutions that are reliable, efficiently managed, scalable, and are subscription-based, to remain more focused on the core business. The Network-Attached Storage is bearing lesser impact of the COVID-19 outbreak compared to most other segments of the tech world.

In a nutshell, COVID-19 impact on managed services has been fruitful, with the market growth enhanced than before. Given the prevalent lockdown situation, managed services vendors are now investing heavily in remote-centric worker solutions, which can make the market highly resilient in the coming years, even as the world is currently rushing to achieve a COVID-19 breakthrough.

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Segmentation:

Among these, the IT & telecommunication segment dominated the global NAS market followed by BFSI and retail verticals. 

 

The market, by vertical, has been segmented into BFSI, retail, media & entertainment, government, IT & telecommunication, healthcare, manufacturing, energy & utilities and, others.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Regional Analysis:

The market, by product, has been segmented into high-end/enterprise NAS, midmarket NAS, and low-end/desktop NAS. The high-end/enterprise NAS segment accounted for the largest market share in 2017, followed by the midmarket NAS segment which is projected to register the highest CAGR during the forecast period.

Competitive Outlook:

Some of the prominent players in the global network-attached storage are Dell EMC (US), HPE (US), IBM Corporation (US), Hitachi Vantara Corporation (US), Netapp Inc. (US), Seagate Technology Public Limited Company (Ireland), Cisco Systems Inc. (US), Western Digital Corp. (US), Netgear Inc. (US), QNAP Systems Inc. (Taiwan), Synology Inc. (Taiwan), Buffalo Americas Inc. (Japan), and Space Monkey (US).

 

Industry News:

The global Network Attached Storage Market Trends has been affected due to the lockdown across the regions. This pandemic situation has hampered the Network Attached Storage Market Growth as well as its productivity, supply chain, and others. Moreover, the global market has lost its investors due to the increasing loss for the products, supply, transportation, workforce, and others

 

Table of Contents:

1          Executive Summary

2          Scope of the Report

2.1       Market Definition

2.2       Scope of the Study

2.2.1    Research objectives

2.2.2    Assumptions & Limitations

2.3       Markets Structure

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List of Tables

TABLE 1 LIST OF ASSUMPTIONS 27

TABLE 2 GLOBAL NETWORK-ATTACHED STORAGE (NAS) MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 36

TABLE 3 GLOBAL NETWORK-ATTACHED STORAGE (NAS) MARKET, BY STORAGE SOLUTION, 2020–2027 38

Continued…

List of Figures

FIGURE 1 MARKET SYNOPSIS 15

FIGURE 2 GLOBAL NETWORK-ATTACHED STORAGE (NAS) MARKET SHARE, BY REGION (%), 2020 16

FIGURE 3 GLOBAL NETWORK-ATTACHED STORAGE (NAS) MARKET: MARKET STRUCTURE 18

 

Continued…

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