Network Attached Storage Market Size - Trends and Forecast, Future Demand 2020-2023

Posted January 22, 2020 by panditsavni

The Network-Attached Storage (NAS) Market Is Expected to Reach US ~$44.96 Billion By 2023

The Network-Attached Storage (NAS) market is growing rapidly. Network-Attached Storage (NAS) market is globally emerging across world. The increasing adoption of video surveillance services is the key factor boosting the demand of network attached storage and increasing its adoption globally. The obstruction in the market growth is its connectivity and transferring of large data. However, increasing number of Internet users and real-time use of digital media applications are expected to foster the demand for broadband services over the forecast period.

The study indicates that the advancement in payment models, multi-tenancy and reliability, increase in the adoption of cloud storage is observed which, in turn, influencing the growth of network attached storage. Moreover, the demand for network attached storage (NAS) is expected to be driven by increasing need for anytime and anywhere usability and accessibility to Internet networks. At the same time, the limitation of NAS systems such as operating system complexity and low processor power is restraining the market growth, globally.

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According to Market Research Future Analysis, Global Network-Attached Storage (NAS) Market has been valued at US $ ~44.96 Billion by the end of forecast period with ~20.2% of CAGR during forecast period 2017 to 2023.

Market Research Future (MRFR) recognizes the following companies as the key players in the Network-Attached Storage (NAS) Market: – NETGEAR, Inc. (US), Synology, Inc. (Taiwan), Buffalo Americas (US), Seagate Technology PLC. (US), Dell EMC (US), Hewlett-Packard Enterprise Company (US), Hitachi Data Systems Corporation (US), Western Digital Corporation (US), QNAP Systems, Inc. (Taiwan) and NetApp, Inc. (US) among others.

By end-user segment, the deployment of network attached storage systems can facilitate the reduction in total cost of ownership for enterprises and small business owners. The management of a centralized storage location is more cost-effective than managing traditional client/server storage models. The benefits such as lower cost of ownership and a higher return on Information Management offered by network attached storage devices are expected to further drive the growth of the small and medium enterprises segment.

By Region, MRFR analysis shows that the comprehensive understanding of market dynamics, the global Network-Attached Storage market size is analyzed across key geographies namely North America, Europe, China, Japan, India and among others. North America is the leading market in the MAS market while APAC region is witnessing the significant growth towards the adoption of next-generation storage devices & systems. The storage devices & systems market in APAC is registering year-on-year growth of over ~15%, where devices such as Network Attached Storage (NAS) are gaining momentum. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

For the purpose of this study, the global Network-Attached Storage (NAS) market has been segmented on the basis of Access type, end -users and region. The report on Network-Attached Storage (NAS) contains detailed analysis with market size of each segment.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Contact Email [email protected]
Issued By Savni
Country India
Categories Technology
Tags Network Attached Storage Market Size
Last Updated January 22, 2020