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Network-Attached Storage Market 2020-2026: Top Impacting Factors and Investment Pockets | Dell EMC, NetApp, Hewlett-Packard Enterprise Company, Hitachi Data Systems Corp, Western Digital Corp, NETGEAR, Synology, Buffalo Americas, Seagate Technology, and Q
Network-Attached Storage Market
Network-attached storage (NAS) is a hard drive attached to a network for file storage and sharing. It is accessed through an assigned network address. It acts as a server for file sharing however, fails to enable other services such as emails or authentication. It also facilitates the expansion of storage space to available networks regardless the system is ON or shutdown during maintenance.
Network attached storage is a developed system mainly designed for heavy network systems, which may be processing millions of transactions per minute. Network attached storage provides a storage system for organizations that require a reliable network system.
The major companies in the global network-attached storage industry include, Dell EMC, NetApp Inc., Hewlett-Packard Enterprise Company, Hitachi Data Systems Corporation, Western Digital Corporation, NETGEAR Inc., Synology Inc., Buffalo Americas, Seagate Technology PLC., and QNAP Systems Inc.
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The network-attached storage market is highly competitive and the key strategies adopted by the key players are new product launch, product development, business expansion, merger, and acquisition. For instance, in February 2018, Synology launched DiskStation DS1019+, a network attached storage device for homes or small businesses. DiskStation DS1019+ is a 5-bay desktop network attached storage that provides excellent performance with great expandability. DS1019+ can expand to a total of 10 drive bays with expansion units, and has a full storage capacity of 140TB.
Effect of Covid-19 on Network-Attached Storage Market
The utility-claimed portion is basically being driven by expanding money related motivators and administrative backings from the legislatures universally. The present utility-possessed Network-Attached Storage Market are influenced principally by the COVID-19 pandemic. The greater part of the ventures in China, the US, Germany, and South Korea are postponed, and the organizations are confronting momentary operational issues because of gracefully chain requirements and absence of site access because of the COVID-19 episode. Asia-Pacific is foreseen to get profoundly influenced by the spread of the COVID-19 because of the impact of the pandemic in China, Japan, and India. China is the epic focus of this deadly illness.
COVID-19 Pandemic disrupted the entire world and affected many industries.
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The increasing dependence on digital content being stored in the cloud environment by small and medium enterprises (SMEs) is the key factor driving the network-attached storage market growth.
The proliferation of social media contents along with high-speed data transfer technologies such as 4G & 5G is fueling the network-attached storage market growth.
The need for a large amount of secure data storage devices for video surveillance application fuels its demand. However, concerns related to data security are limiting the growth of the network-attached storage market.
The network-attached storage market is segmented based on storage solution, deployment type, vertical, and region.
Based on storage solution, it is bifurcated into Scale-up NAS, and Scale-out NAS. Based on deployment type, it is categorized into On-Premise, Remote, and Hybrid. Based on vertical, it is categorized into BFSI, telecommunications & ITeS, consumer goods, healthcare, energy, government, education & research, media & entertainment, manufacturing, and other. Based on region, it is categorized into Europe, Asia pacific, North America, and LAMEA.
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TOP IMPACTING FACTORS
The significant impacting factors to the growth of the network-attached storage market includes, the increasing dependence on digital content being stored in the cloud environment by small and medium enterprises (SMEs), the proliferation of social media content along with high-speed data transfer technologies such as 4G & 5G, and the need for a large amount of secure data storage devices for video surveillance application. In addition, the restraining factors by which the market is influenced include the concerns related to data securities. Each of these factors is anticipated to have a definite impact on the network-attached storage market during the forecast period.
KEY BENEFITS FOR STAKEHOLDERS
o This study comprises analytical depiction of the global network-attached storage market trends with current trends and future estimations to depict the imminent investment pockets.
o The overall potential is determined to understand the profitable trends to gain a stronger foothold.
o The network-attached storage market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
o The current market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
o Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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KEY MARKET SEGMENTS
By Storage Solution
o Scale-up NAS
o Scale-out NAS
By Deployment Type
o On-Premise
o Remote
o Hybrid
By Vertical
o BFSI
o Telecommunications & ITeS
o Consumer Goods & Retail
o Healthcare
o Energy
o Government
o Education & Research
o Media & Entertainment
o Manufacturing
o Others
By Region
o North America
o U.S.
o Canada
o Mexico
o Europe
o Germany
o France
o UK
o Spain
o Russia
o Rest of Europe
o Asia-Pacific
o Japan
o China
o India
o Rest of Asia-Pacific
o LAMEA
o Latin America
o Middle East
o Africa
Network-Attached Storage Market Analysis by storage solution, deployment type, vertical, and region | Revenue Size, Share and Future Scope @ https://thefinancialbroker.com/network-attached-storage-market-analysis-by-storage-solution-deployment-type-vertical-and-region-revenue-size-share-and-future-scope/
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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