Global Network Attached Storage Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Global Network Attached Storage Market Overview:

“The global Network Attached Storage Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Network Attached Storage (NAS) are hard disk storage devices which you can connect to any network, and allow multiple computers in a network to share same storage space simultaneously. NAS devices are assigned with an IP address and are accessed by clients (PCs or laptops) via a server that acts as a gateway to data. Network attached storage generally uses multiple disks to store data and provides file level storage and access to data.

Increasing government initiatives towards digitalization, growing entrepreneurial perspective among individuals in developing countries, and advancement in storage devices for small and medium size enterprise that provide better cost effective storage solutions are major factors driving growth of the global network attached storage (NAS) market.

In addition, various benefits of NSA such as easy access over commonly used TCP/IP Ethernet based networks, support both CIFS and NFS protocols, and support multiple users connecting to it simultaneously is another factor expected to boost growth of the global network attached storage (NAS) market.

However, security of data is major concern when stored on remote place is expected to challenge growth of the global network attached storage market. In addition, high consumption of bandwidth is expected to restrain growth of the global network attached storage market to a certain extent.

Increasing government initiatives towards digitalization and increasing R&D activities for development of NAS devices that consume lower bandwidth is expected to present new opportunities in terms of revenue to players operating in the global network attached storage market.

North America market is expected to dominate in the global network attached storage market with higher revenue share as compared to that of the other regional markets, and is expected to continue its dominance during the forecast period. This can be attributed to increasing demand from various end-use industries such as healthcare, BFSI, government, etc. and presence of prominent players operating in this region.

Europe market accounts for second-largest revenue share in the global network attached storage market followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively. The market in Asia Pacific is projected to register fastest growth in terms of revenue, owing to increasing e-commerce activities and increasing demand from telecommunication sector in emerging economies in this region.

Global Network Attached Storage Market Segmentation:

By Deployment Type:

• On-premise
• Remote
• Hybrid

By End-use Industry:

• BFSI
• Consumer Goods and Retail
• Telecommunication
• Healthcare
• Energy
• Government
• Education & Research
• Media & Entertainment
• Manufacturing
• Business & Consulting

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa