Global Network-Attached Storage (NAS) Market, By Design (1Bay to 8 Bays, 8 Bays to 12 Bays, 12 Bays to 20 Bays, and More than 20-bays), Product (Enterprise NAS Solutions, and Midmarket NAS Solutions), Storage Solution (Scale-up NAS, and Scale-out NAS), Deployment Type (On-premises, Remote and Hybrid), End User (Banking, Financial Services, Insurance (BFSI), Consumer Goods and Retail, Telecommunications and ITES, Healthcare, Energy, Government, Education and Research, Media and Entertainment, Manufacturing, Business and Consulting, Aerospace and Defense, Automotive, Food Processing, and Logistics), Component Analysis (Hardware and Software) – Industry Trends and Forecast to 2031
Network-Attached Storage (NAS) Market Analysis and Size
In the network-attached storage (NAS) market, technological advancements have revolutionized data storage, offering benefits such as enhanced scalability, improved data security, and simplified access. These advancements enable businesses to streamline operations, boost productivity, and efficiently manage growing data volumes. NAS solutions continue to evolve, providing cost-effective and reliable storage solutions for diverse organizational needs.
The global network-attached storage (NAS) market size was valued at USD 38.10 billion in 2023, is projected to reach USD 143.01 billion by 2031, with a CAGR of 17.98% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Design (1Bay to 8 Bays, 8 Bays to 12 Bays, 12 Bays to 20 Bays and More than 20-bays), Product (Enterprise NAS Solutions, and Midmarket NAS Solutions), Storage Solution (Scale-up NAS, and Scale-out NAS), Deployment Type (On-premises, Remote and Hybrid), End User (Banking, Financial Services, Insurance (BFSI), Consumer Goods and Retail, Telecommunications and ITES, Healthcare, Energy, Government, Education and Research, Media and Entertainment, Manufacturing, Business and Consulting, Aerospace and Defense, Automotive, Food Processing, and Logistics), Component Analysis (Hardware and Software)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America
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Market Players Covered
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Nasuni Corporation (U.S.), SoftNAS, Inc. (U.S.), Panasas (U.S.), Infortrend Technology Inc. (Taiwan), Thecus Technology Corp (Taiwan), D-Link Corporation (Taiwan), Cisco Systems, Inc. (U.S.), Microsoft (U.S.), Huawei Technologies Co., Ltd. (China), IBM (U.S.), ASUSTOR Inc. (Taiwan), Drobo, Inc. (U.S.), QNAP Systems, Inc. (Taiwan), Buffalo Americas, Inc. (U.S.), Synology, Inc. (Taiwan), NETGEAR, Inc. (U.S.), SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY (U.S.), WESTERN DIGITAL CORPORATION (U.S.), Hitachi, Ltd. (Japan), and Hewlett Packard Enterprise Company LP (U.S.)
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Market Opportunities
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Market Definition
Network-Attached Storage (NAS) is a dedicated file storage device that connects to a network, providing centralized data access and storage management for multiple users and devices. It enables file sharing, data backup, and media streaming functionalities. NAS devices typically contain one or more hard drives and can be accessed through a web-based interface or network protocols.
Network-Attached Storage (NAS) Market Dynamics
Drivers
- Demand for Data Accessibility and Sharing
With the surge in remote work and global collaboration, there's a heightened need for centralized storage solutions such as NAS. NAS facilitates seamless access to data from various devices and locations, bolstering collaboration and productivity. For instance, a marketing team spread across different time zones can efficiently collaborate on campaigns by accessing shared files and resources stored on a NAS server.
- Remote Work Trends
The increasing trend of remote work demands robust storage solutions for secure data access across diverse locations, driving NAS adoption in businesses. For instance, a company with employees working from home offices requires centralized storage such as NAS to store and access files securely, ensuring data consistency and collaboration efficiency, regardless of employees' geographical locations.
Opportunities
- Cost-Efficiency and TCO Considerations
NAS solutions offer a cost-effective alternative to conventional SAN configurations, lowering Total Cost of Ownership (TCO) by simplifying management and maintenance. Through streamlining these processes, NAS solutions provide organizations with more efficient storage solutions while minimizing overall expenses. For instance, a company implementing NAS can avoid the higher upfront costs associated with SAN infrastructure, while benefiting from simplified storage administration, resulting in lower operational expenses over time.
- Security and Compliance Requirements
Businesses prioritize network storage solutions with robust security features to meet data privacy regulations such as GDPR and HIPAA. Network-attached storage (NAS) systems offer encryption, access control, and audit trail capabilities, ensuring data integrity and compliance. For instance, NAS solutions from leading providers such as Synology and QNAP offer advanced security features to safeguard sensitive data and meet regulatory requirements seamlessly.
Restraints/Challenges
- Data Privacy Regulations
Compliance with data privacy regulations such as GDPR, CCPA, and others complicates NAS solutions, increasing costs and complexity. Encryption, access controls, and data retention policies become more demanding, straining resources. Keeping pace with evolving regulations poses ongoing challenges for businesses managing NAS environments, necessitating continual adaptation and investment in compliance measures.
- Limited Bandwidth
This bottleneck slows down data transfer rates and system efficiency, disrupting operations. With the exponential increase in data, the challenge intensifies, making it harder to maintain efficient data management and accessibility in network-attached storage (NAS) environments. Limited network bandwidth proves a significant obstacle for NAS systems, especially as data volumes continue to rise, impacting their ability to handle and process information effectively.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In April 2023, Seagate Technology Holdings plc and QNAP Systems Inc. unveiled an integrated portfolio of edge-to-cloud enterprise storage solutions. Combining Seagate's IronWolf Pro Hard Drives and QNAP's high-capacity NAS solutions with Seagate Lyve Cloud, the portfolio offers innovative enterprise-scale storage solutions
- In July 2021, QNAP addressed a critical security vulnerability discovered by TXOne IoT/ICS Security Research Labs in its HBS 3 Hybrid Backup Sync software. The vulnerability, CVE-2021-28809, could have allowed attackers to compromise NAS devices' security by exploiting improper access control measures
- In June 2022, StorCentric launched Nexsan EZ-NAS, a 1U Network Attached Storage (NAS) solution designed for edge deployments in SMEs and large enterprises. Featuring four drives with a total capacity of 72 TB and 1.5 GB/s throughput, it offers modern features such as in-line compression and data-at-rest encryption
Network-Attached Storage (NAS) Market Scope
The market is segmented on the basis of design, product, storage solution, deployment type, end-user, and component analysis. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Design
- 1Bay to 8 Bays
- 8 Bays to 12 Bays
- 12 Bays to 20 Bays
- More than 20-bays
Product
- Enterprise NAS Solutions
- Midmarket NAS Solutions
Storage Solution
- Scale-up NAS
- Scale-out NAS
Deployment Type
- On-premises
- Remote
- Hybrid
End User
- Banking
- Financial Services
- Insurance (BFSI)
- Consumer Goods and Retail
- Telecommunications and ITES
- Healthcare
- Energy
- Government
- Education and Research
- Media and Entertainment
- Manufacturing
- Business and Consulting
- Aerospace and Defense
- Automotive
- Food Processing
- Logistics
Component Analysis
- Hardware
- Software
Network-Attached Storage (NAS) Market Regional Analysis/Insights
The market is analyzed and market size insights and trends are provided by design, product, storage solution, deployment type, end-user, and component analysis as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.
Asia-Pacific is expected to witness significant growth in the market due to enhanced network infrastructure and increased utilization of portable devices in the region. This trend underscores the region's pivotal role in driving advancements and adoption of NAS solutions.
North America is poised to dominate the market due to the presence of leading NAS providers. In addition, the proliferation of small and medium enterprises (SMEs) in the region further fuels this dominance, driving demand for scalable data storage solutions.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Network-Attached Storage (NAS) Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- Nasuni Corporation. (U.S.)
- SoftNAS, Inc. (U.S.)
- Panasas (U.S.)
- Infortrend Technology Inc. (Taiwan)
- Thecus Technology Corp (Taiwan)
- D-Link Corporation (Taiwan)
- Cisco Systems, Inc. (U.S.)
- Microsoft (U.S.)
- Huawei Technologies Co., Ltd. (China)
- IBM (U.S.)
- ASUSTOR Inc. (Taiwan)
- Drobo, Inc. (U.S.)
- QNAP Systems, Inc. (Taiwan)
- Buffalo Americas, Inc. (U.S.)
- Synology, Inc. (Taiwan)
- NETGEAR, Inc. (U.S.)
- SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY (U.S.)
- WESTERN DIGITAL CORPORATION (U.S.)
- Hitachi, Ltd. (Japan)
- Hewlett Packard Enterprise Company LP (U.S.)
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