Press release
Global NAS Market Analysis Share & Forecast, 2018 - 2024: Top Companies are Cisco, Dell EMC, D-Link USA, Hitachi Data Systems, NetApp, NETGEAR, Seagate Technology, Western Digital, Synology, QNAP Systems, Panasas, Promise Technology, Avere Systems
Network Attached Storage (NAS) Market
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Toshiba, for instance, has recently launched its next-generation 3.5″ NAS N300 HDD and 2.5″ L200 HDD that can be now used in laptops as well. The technology, as claimed by Toshiba works perfectly with any network attached storage devices that are used for personal, home office or small businesses. The NAS device has been designed to support around eight drive bays in a multi-RAID NAS and features rotational vibration sensors that automatically detect & compensate for transient vibrations, thereby delivering prompt performance in multi-bay storage enclosures.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Cisco
2. Dell EMC
3. D-Link USA
4. Hitachi Data Systems
5. NetApp
6. NETGEAR
7. Seagate Technology
8. Western Digital
9. Synology
10. QNAP Systems
11. Panasas
12. Promise Technology
13. Avere Systems
Concurrently, the company has also launched four other DS+ and DS models last year that are claimed to replace the existing NAS enclosures. This incidence particularly validates how 1 Bay to 8 Bay NAS towers are gaining a mass popularity in network attached storage market, primarily aided by the increased adoption of these systems for consumer applications. In fact, estimates claim, the 1 Bay to 8 Bay NAS market to witness the fastest growth at 25% y-o-y 2018-2024.
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North America is projected to dominate the global NAS market throughout the forecast period due to the early adoption of advanced storage technologies by enterprises in the region coupled with rapidly growing digitalization across various end-use sectors.
The rapid adoption of consumer and home network attached storage systems in U.S. and Canada across various end-use sectors such as the BFSI and IT & Telecom market have significantly driven North America network attached storage market share. The United States NAS market share is forecast to record a y-o-y growth rate of 20% over 2018-2024.
Europe is projected to be the second largest NAS market by 2024 due to a growing data center ecosystem in the region along with large-scale adoption of the storage technology by SMEs. As the major global players are aggressively extending their presence in the European market through distribution agreements with local companies, the adoption of NAS systems is likely to increase steadily between 2018 and 2024.
Asia Pacific NAS market is expected to register the fastest growth during the timeline due to the increasing awareness regarding the benefits of NAS solutions among SMEs, favorable government initiatives for digitalization of economy, and administrative framework along with the rapid emergence of technology startups, demanding affordable and scalable data storage solutions.
Browse key industry insights spread across 250 pages with 300 market data tables & 25 figures & charts from the report, Network Attached Storage (NAS) Market in detail along with the table of contents:
https://bit.ly/2wH4Dst
The traditional architecture segment held a major share of the NAS market in 2017 due to the large-scale utilization of legacy scale-up systems for storage functions by enterprises. However, with the growing popularity of scale-out NAS systems for affordable and less complex network storage, the scale-out architecture market is expected to exhibit accelerated growth between 2018 and 2024. As scale-out systems efficiently support High-Performance Computing (HPC) applications as compared to scale-up architecture in terms of reduced hardware cost for procuring additional data storage resources, the demand for scale-up NAS systems is expected to exponentially increase over the forecast period.
All in all, endorsed with a rich competitive and application gamut comprising BFSI, IT & Telecom, healthcare, retail, consumer electronics, etc., the global network attached storage market is certain to become one of the most remunerative business spheres for potential stakeholders. In terms of commercialization, Global Market Insights, Inc., projects network attached storage industry size to surpass USD 20 billion by 2024.
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.
Some of the key players operating in the NAS market are ASUSTOR Inc., Avere Systems, Broadberry Data Systems, Buffalo Americas, Cisco, Dell EMC, D-Link USA, Hitachi Data Systems, Infortrend Technology, Inc., NetApp, NETGEAR, Panasas, Promise Technology, QNAP Systems, Seagate Technology, SoftNAS, Inc., Synology, Thecus Technology Corp., Western Digital,and Zyxel UK.
Browse Related Reports: https://www.gminsights.com/industry-analysis/network-traffic-analytics-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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