Network Attached Storage (NAS) Market Top Leaders, Opportunities, Regional Overview, Revenue and Forecast to 2030

The global Network Attached Storage (NAS) market size reached USD 22.48 Billion in 2021 and is expected to register a revenue CAGR of 12.2% during the forecast period, according to latest analysis by Emergen Research. Increasing data generation with rising utilization of mobile computing devices is a key factor driving market revenue growth.

The Network Attached Storage (NAS) industry has grown dramatically in recent years as businesses increasingly rely on data-intensive applications and cloud-based services. NAS is a network-attached storage solution that enables numerous users and heterogeneous devices to access, save, and share data via a network. This technology is popular among businesses of all sizes since it integrates seamlessly with existing infrastructure. The growing importance of the NAS market stems from its capacity to improve data management, backup, and data protection while supporting collaborative workflows in a cost-effective manner.

NAS systems are rapidly gaining recognition as an efficient, scalable, affordable storage alternative among large and small businesses in a wide range of industries. NAS offers consumers complete control while being faster, more affordable, and capable of giving all the advantages of a public cloud on-premises. Flexible deployments in addition to easy recovery in the event of a hard drive failure or any malfunction are few of the factors driving revenue growth of the market.

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Rapid adoption of work-from-home norms is increasing the utilization of Network Attached Storage (NAS), especially since COVID-19. Growing penetration of internet and 5G network services especially in emerging countries are rising demand for video streaming and cloud computing which are attributing to revenue growth of the Network Attached Storage (NAS) market.

However, growing concerns over data security and breaches coupled with performance-related issues associated with Network Attached Storage (NAS) systems are factors expected to provide restraints to revenue growth of the market.

Some major companies in the global collagen peptides market report include

·        NetApp,

·        Hewlett Packard Enterprise Development LP,

·        Western Digital,

·        Dell Inc.,

·        Hitachi, Ltd.,

·        NETGEAR,

·        Synology Inc.,

·        Seagate Technology LLC,

·        QNAP Systems, Inc.,

·        IBM.

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1.     Hewlett Packard Enterprise (HPE): HPE provides NAS solutions through its HPE StoreEasy system family. Their solutions are intended to meet the storage requirements of small and medium-sized enterprises (SMBs) and branch offices.

2.     Western Digital (WD): WD is a well-known storage company that offers NAS solutions under the WD Red and WD Red Pro product lines. They offer dependable and high-performance NAS drives for home and small office use.

3.     Synology is a market leader in NAS solutions for both the consumer and commercial industries. They provide a wide range of NAS systems with robust software capabilities that enable customers to efficiently manage and share data.

4.     QNAP: Another well-known NAS company, QNAP provides a wide range of NAS devices and software solutions. With features such as multimedia streaming, virtualization support, and data backup, their solutions cater to both home and corporate users.

5.     Seagate Technology: Under the IronWolf and IronWolf Pro names, Seagate provides NAS solutions. These drives are specifically developed for NAS systems, with high capacity, reliability, and data protection features.

6.     IBM: As part of its storage portfolio, IBM offers NAS solutions, with a focus on enterprise-grade storage systems. Their product portfolio includes both hardware and software solutions for large-scale data storage and management.

Some Significant Report Highlights:

• The enterprise segment is expected to register the highest revenue growth rate over the forecast period owing to rising need for high storage capacity by various organizations and the ability to share vast volumes of file data including Virtual Machine (VM) images. Enterprise NAS devices can provide petabytes of storage, support thousands of client computers, and enable quick access and clustering capabilities.
• The scale-out segment is expected to register the highest revenue CAGR over the forecast period. Scale-out storage design offers non-disruptive operations, benefits from the improved price and performance of clustered components, and makes use of policy-based management for more effectiveness and agility. Scale-out NAS is an affordable storage solution because of the value it offers. With the ability to adapt to shifting business demands, control costs and complexity, and maximize resources, scale-out storage addresses the shortcomings of earlier scale-up structures.
• IT & Telecommunications segment accounted for a significant revenue share in 2021. IT & telecommunications segment accounted for a significant revenue share in 2021. Growing data consumption owing to the high utilization of cloud services and technologies such as Artificial Intelligence (AI) and Machine Learning (ML) is rising demand for NAS devices.
• Network Attached Storage (NAS) market in North America accounted for the largest revenue share in 2021. Presence of major companies and rising high-value investments for the development of NAS solutions are a few of the major factors driving revenue growth of the NAS market in this region. Rapid adoption of Next-Generation Wireless and 5G technologies with IoT-based devices are further supporting revenue growth of the market in North America.

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Segmental Analysis:

Emergen Research has segmented the global Network Attached Storage (NAS) market on the basis of product, storage, industry, and region:

• Product Outlook (Revenue, USD Billion; 2019-2030)
• Enterprise
• Mid-market
• Low-end
• Storage Outlook (Revenue, USD Billion; 2019-2030)
• Scale-out
• Scale-in
• Industry Outlook (Revenue, USD Billion; 2019-2030)
• Banking, Financial Services and Insurance (BFSI)
• Government
• Retail
• IT & Telecommunications
• Automotive
• Healthcare
• Others

Regional Outlook:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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