Bharat Book Bureau Provides the Trending Market Research Report on “Global Network Attached Storage (NAS) Market By Design (1-bay to 8-bay, 8-bay to 12-bay, 12-bay to 20 bay, and More than 20 bays), By Product (Enterprise NAS Solutions, and Midmarket NAS Solutions), By Storage Solution (Scale-up, and Scale-out), By Deployment Type (On-Premise, Hybrid and Cloud), By End-User Industry (BFSI, Consumer Goods and Retail, Telecommunications and ITES, Healthcare, Energy, Government, Media and Entertainment, Manufacturing and Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)-Global Forecast to 2027”under Network Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
Global Network-Attached Storage (Nas) Market is projected to fuel due to the increased use of smartphones, laptops, etc. led to the generation of large volumes of data and growth in big data analytics and data mining applications
The global network-attached storage (NAS) market size was valued at USD 18.72 billion in 2019 and anticipated to reach USD 58.56 billion by 2027, growing at a CAGR of 13.79% during the forecast period, 2020-2027. The growth of the market is primarily attributed to rising BYOD trends across enterprises in the world. Additionally, the proliferation of social media contents and high-speed data transfer technologies such as 4G & 5G will augment the robust growth of the global network-attached storage (NAS) industry. The growing need to access data anytime, anywhere in the corporate network and internet, is positively impacting the market growth.
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The surge in applications of NAS in homes for storing multimedia files, automated backup, and in smart homes provide centralized storage for security systems, the internet of things, components, and smart TV will spur the growth of the market. Further, the NAS helps business owners in easy-to-manage centralized systems that securely store documents, images, and other multimedia files. These factors estimated to trigger the growth of the global network-attached storage (NAS) market share in the forecast span.
Moreover, the advantages of NAS, such as ease of access, reasonably low cost, high capacity, and performance advantage over DAS, are vital factors estimated to promulgate the growth of the global network-attached storage (NAS) market. The upsurge in demand for a large amount of secure data storage devices for video surveillance applications propelling the growth of the network-attached storage (NAS) in the coming years.
Design Overview in the Global Network Attached Storage (NAS) Market
Based on the design, the global network-attached storage (NAS) market segregated into 1-bay to 8-bay, 8-bay to 12-bay, 12-bay to 20 bay, and More than 20 bays. The More than 20 bays segment will be the fastest-growing segment in the forecast period. It is attributable to the advent of massive IT industry emergence and government initiatives for digitalization in developing countries.
Product Overview in the Global Network Attached Storage (NAS) market
By the product, the global network-attached storage (NAS) market bifurcates into enterprise NAS solutions and midmarket NAS solutions. The midmarket NAS solutions are held for the highest revenue share in 2019. It is ideal and inexpensive solutions for small- and mid-sized businesses and homeowners and excludes products in rack-mount form factors.
Storage Solution Overview in the Global Network Attached Storage (NAS) Market
Based on the storage solution, the global network-attached storage (NAS) market bifurcates into scale-up, and scale-out. The scale-up segment accounted for a larger market share in 2019 and projected to lead the market by 2027, due to its help to enterprises for managing discrete file servers that were separately managed and configured earlier and provide a cost-efficient way to improve the storage capacity.
Deployment Type Overview in the Global Network Attached Storage (NAS) Market
By the deployment type, the global network-attached storage (NAS) market classified into on-premise, hybrid, and cloud. The cloud segment generated significant revenue in 2019 due to cloud bases provides flexibility in storage space requirements by only paying for the storage the user requires and offering flexible consumption patterns.
End-User Industry Market Overview in the Global Network Attached Storage (NAS) Market
Based on the end-user industry, the global network-attached storage (NAS) market segmented into BFSI, consumer goods and retail, telecommunications, and ITES, healthcare, energy, government, media and entertainment, manufacturing, and others. The BFSI segment estimated to dominate the NAS market by 2027. NAS provides reliable and huge capacity storage devices to store generated data and offers highly reliable NAS solutions to avoid security-related issues.
Regional Overview in the Global Network Attached Storage (NAS) Market
By geography, the global network-attached storage (NAS) market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America accounted for the maximum revenue share in 2019. The presence of major key players operating in network-attached storage, and growing usage of NAS in professional services, discrete manufacturing, and transportation industries has resulted in the generation of significant amounts of unstructured data.
Global Network Attached Storage (NAS) Market: Competitive Landscape
Companies such as Dell Technologies Inc., NetApp, Inc., Hewlett Packard Enterprise Company (HPE), Hitachi, Ltd, WESTERN DIGITAL CORPORATION, Seagate Technology Public Limited Company (PLC), NETGEAR, Inc., Synology, Inc., Buffalo Americas, Inc., QNAP Systems, Inc., Drobo, Inc., ASUSTOR Inc., IBM, Huawei Technologies Co., Ltd., Microsoft, Cisco Systems, Inc., D-Link Corporation, Thecus Technology Corp, Infortrend Technology Inc., Panasas, SoftNAS, Inc., and Nasuni Corporation are the key players in the global network attached storage (NAS) market.
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