Published: Nov, 2019
Network Attached Storage (NAS) Market: Overview
According to a new market report published by Transparency Market Research, the global network attached storage (NAS) solutions market is expected to reach a value of ~US$ 10 Bn by 2027, due to the growing deployment of network attached storage systems within enterprises. The NAS solutions market is projected to expand at a CAGR of ~4% during the forecast period of 2019 to 2027. Asia Pacific is projected to be the fastest-growing regional network attached storage solutions market, followed by Europe. The IT and telecom industry segment is anticipated to hold the largest market share in the network attached storage solutions market. Growing amount of data generated from various sources such as social media and surveillance is further driving the demand for appropriate storage technologies, as such pushing the growth of the global network attached storage solutions market.
Storage Flexibility Enabled by NAS to Drive Market
Enterprises are opting for network attached storage systems due to their easy integration and cost reduction. NAS ensures that the support time required for storage is kept minimum with centralized management. The major factor driving the demand for network attached storage solutions is flexibility provided in terms of storage capacity. NAS systems are highly scalable, and users can expand their storage as per requirements. Increasing the storage capacity is simple, as the newly attached node would increase the capacity of the overall network. Scale-up and scale-out architecture is used to achieve flexibility in terms of network storage capacity. The growing popularity of scale-out architecture is expected to drive demand in the network attached storage solutions market space, due to factors such as easy management, increased data availability, and improved IO and throughput.
Network Attached Storage Solutions Market: Scope of the Report
The network attached storage solutions market has been segmented based on component, enterprise size, industry, and region. Hardware is anticipated to hold the largest share within the component segment in the NAS solutions market space, due to the growing deployment of storage devices within enterprises. A majority of these devices have integrated software, which further simplifies the storage and management of data within the enterprise infrastructure. Services is projected to observe high growth during the forecast period within the component segment in the NAS solutions market, as enterprises are looking for expert assistance in terms of selecting the right solution for their requirements, along with integration and support services. Storage scaling would also require appropriate support from vendors to achieve the best possible results. In terms of industry, media & entertainment and IT & telecom are anticipated to hold a majority of the global network attached storage solutions market share. The high amount of data generated within these industry verticals is projected to generate demand in the network attached storage solutions market. Increasing storage requirements for multimedia data is one of the primary factors driving the demand for enterprise storage. The small and medium enterprises segment is expected to generate higher demand for network attached storage systems during the forecast period. Large enterprises are anticipated to capture a dominant share of the global network attached storage solutions market, due to higher storage requirements and spending capacity.
North America held a majority of the global network attached storage solutions market share in 2018, as the region has the most number of large- and medium-sized end users, along with leading vendors in the network attached storage solutions market. Furthermore, the adoption of dedicated storage solutions is higher in the region, which is further expected to drive demand in the network attached storage solutions market. Asia Pacific is projected to offer strong growth opportunities for the network attached storage solutions market due to the growing number of enterprises, increasing digitization, and additional IT investments. The rising popularity of network attached storage solutions is expected to generate market opportunities Europe, the Middle East & Africa (MEA), and South America.
Global NAS Solutions Market: Competitive Dynamics
Comprehensive profiles of leading players operating in the global network attached storage solutions market are covered in the report. Key players profiled in the report include Hewlett Packard Enterprise Development L.P., NetApp, Inc., Hitachi Data Systems Corporation, Dell, Inc., IBM Corporation, DataDirect Networks Inc., Fujitsu Ltd., Oracle Corporation, Quantum Corporation, and Dawning Information Industry Co., Ltd.
Global Network Attached Storage Solutions Market: Segmentation
Network Attached Storage Solutions Market by Component
- System Integration
- Support & Maintenance
Network Attached Storage Solutions Market by Enterprise Size
- Small and Medium Enterprises (SMEs)
- Large Enterprises
Network Attached Storage Solutions Market, by Industry
- Retail and e-Commerce
- IT and Telecommunications
- Media and Entertainment
- Energy and Utility
- Government Offices and Education
- Aerospace and Defense
- Others (Transportation and Logistics)
Network Attached Storage Solutions Market by Geography
- North America
- The U.S.
- Rest of North America
- The U.K
- Rest of Europe
- Asia Pacific (APAC)
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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