Press release
Network Attached Storage Market 2018-2024 By Key Players: Netgear, Buffalo Americas, QNAP, Western digital, Thecus Technology, Hitachi Data Systems Corporation, Synology, DELL EMC, Seagate, D-Link, NetApp, Zyxel, SoftNas, Avere Systems, Asustor, Infortren
Network Attached Storage Market
Global Network Attached Storage Market is projected to register a lucrative growth with an impressive CAGR of over 20% between 2018 and 2024. This growth is attributed to the growing adoption of cloud-based storage solutions by SMEs, increase in big data analytics & data mining applications, and ease-of-installation & automatic data backup capabilities. NAS is a dedicated file storage system that operates through a standard Ethernet connection to offer a file-based shared storage to LAN nodes. The device operates as an independent network node on the LAN and has its own unique IP address. A NAS system provides data access to a heterogeneous cluster of clients. Organizations use NAS solutions as a reliable data storage method, which can be easily managed and controlled with their established network systems.
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Top Key Players:
Some of the key players operating in the network attached storage market are Netgear, Buffalo Americas, QNAP, Western digital, Thecus Technology, Hitachi Data Systems Corporation, Synology, DELL EMC, Seagate, D-Link, NetApp, Zyxel, SoftNas, Avere Systems, Asustor, Infortrend, Pansas, Broadberry, and Cisco.
Market share calculation in this report is not done based on companies covered in it. The calculation of NAS market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
North America is projected to hold a major share of the network attached storage market throughout the forecast timeline due to the early adoption of the advanced storage technology by enterprises in the U.S. With the large-scale adoption of cloud platforms by enterprises in the region, cloud-based and hybrid NAS solutions are expected to garner a high demand over the forecast period.
Europe is projected to remain the second largest market for NAS solutions by 2024. The significant market coverage can be attributed to the widespread adoption of the storage technology by SMEs in the region, consistently expanding the data center infrastructure, and increasing the emphasis by key market players on extending their presence in the European market.
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Partial Chapter of the Table of Content
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition and research parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. NAS industry 360º synopsis, 2013 - 2024
2.1.1. Region trends
2.1.2. Architecture trends
2.1.3. Design trends
2.1.4. Deployment model trends
2.1.5. Application trends
Chapter 3. NAS Industry Insights
3.1. Introduction
3.2. Evolution of NAS
3.3. SAN vs NAS storage
3.4. Scale-up vs Scale-out NAS
3.5. NAS architecture analysis
3.6. Industry segmentation
3.7. NAS industry landscape, 2013 - 2024
3.8. NAS industry ecosystem analysis
3.9. Regulatory landscape
3.10. Technology & innovation landscape
3.10.1. Multi-protocol or unified storage
3.11. NAS industry impact forces
3.11.1. Growth drivers
3.11.1.1. Increase in Big Data analytics and data mining applications
3.11.1.2. Growing popularity of NAS for home/consumer applications
3.11.1.3. Rising adoption of Cloud NAS file storage as a service
3.11.2. Industry pitfalls & challenges
3.11.2.1. Concerns regarding data security
3.11.2.2. Concerns regarding bandwidth performance for remotely hosted NAS
3.12. Porter's analysis
3.13. PESTEL analysis
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Due to the growing adoption of cloud platforms for storing enterprise data in a flexible and dynamically scalable architecture, the cloud deployment segment is projected to register an accelerated growth in network attached storage market with a CAGR of around 24% between 2018 and 2024. The businesses that require a powerful, agile, and frictionless storage, can benefit from cloud-based NAS solutions while reducing their data storage costs incurred from the procurement of on-premise storage infrastructure. Hybrid deployment is projected to register the fastest growth deployment model segment in network attached storage market during the forecast period as it allows users to store critical data on-premise while leveraging scalable cloud-based storage platform to accommodate dynamic storage requirements.
NAS systems are offered in a diverse set of configurations by the manufacturers wherein they act as a central media hub for a family in consumer applications and can scale up to the largest data centers for enterprise applications. The companies offer these systems in different variations such as preconfigured storage systems with drives, or as unpopulated enclosures having open bays where customers can insert hard-disk drives to add to the overall storage capacity.
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