Network Attached Storage Devices Market

Network Attached Storage Devices Market: Snapshot

The expanding use of internet technologies owing to the increasing demand for redundancy and data backup across the globe is likely to create multiple growth prospects for the network attached storage devices market during the forecast period of 2021-2031. The growing adoption of connected technologies and the need for improvement of capabilities and efficiency of the smart connected devices may bring lucrative growth opportunities for the network attached storage devices market.

Cloud-based technologies are growing at a fast pace over a period of time. The increasing use of technologies such as IoT and smart applications has shown substantial developments in the network attached storage devices market. Additionally, the growing data traffic due to a huge rise in communication devices may propel the growth of the network attached storage devices market. All these factors bode well for the growth of the network attached storage devices market.

On the basis of product type, the network attached storage devices market can be segmented into high-end enterprise, midmarket, and low-end. The storage solutions include scale up NAS and scale out NAS. Furthermore, the end-users involved in automotive, IT & Telecom, healthcare, banking financial services, insurance, and others such as media, entertainment, government, utilities, energy, and others. These aspects will add value to the growth trajectory of the network attached storage devices market.

The report on the network attached storage devices market has been meticulously curated by Transparency Market Research (TMR) and has included various parameters that assist the CXOs with the current competitive scenario. Furthermore, the report includes the regional parameters, competitive insights, and the key drivers that help the CXOs and stakeholders to make proper decisions.

Network Attached Storage Devices Market: Competitive Scenario

The key players operating in the network attached storage devices market comprises many players who are involved in cutthroat competition. The players are investing in extensive research and development activities for innovating technologies to create user-friendly solutions for smart connected devices. The players are adopting novel strategies to expand their market reach. These developments ultimately contribute to the growth of the network attached storage devices market as it helps in garnering high revenues for the players.

Some well-entrenched players in the network attached storage devices market are Hitachi Ltd., NETGEAR, Inc., Synology Inc., NetApp Inc., Buffalo Americas, Inc., and QNAP Systems Inc.

Network Attached Storage Devices Market: Key Trends and Opportunities

The escalating awareness about the importance of network attached storage devices in various end-user industries is likely to generate extensive growth for the network attached storage devices market across the globe.

The increasing consolidation of data centers to reduce operating costs has proved to be a growth booster for the network attached storage devices market. Additionally, the growing awareness of network attached storage devices has inclined the growth trajectory. Also, IP traffic is increasing due to the overwhelming use of the internet across the globe. These factors may create lucrative growth opportunities for the network attached storage devices market.

Huge investments in the development of technically sound infrastructure for the end-user industries are likely to create multiple growth opportunities for the network attached storage devices market Furthermore, rapid urbanization and industrialization have influenced the organizations and they are adopting digital applications which may contribute significantly to the growth of the network attached storage devices market.

Network Attached Storage Devices Market: Regional Landscape

The network attached storage devices market in North America is likely to be at the forefront during the forecast period of 2021-2031. The existence of major players in this region coupled with increasing cloud computing infrastructure and huge data centers may accelerate the growth of the network attached storage devices market in this region.