The hard drive attached to a network for data sharing and file storage is termed as network-attached storage (NAS). An assigned network address is used to get access to the network-attached storage. The prime fueling factors which help in the growth of the network-attached storage market include the rising reliability of digital data stored in the cloud location by small and medium enterprises (SMEs). The increase in data storage and data transfer through network-attached storage is encouraging the developers to develop a more reliable and advanced system, which may result in market growth during the forecast period.
MARKET SCOPE
The "Global Network-Attached Storage Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the network-attached storage market with detailed market segmentation by storage solution, deployment type, organization size, end-user industry, and geography. The report provides key statistics on the market status of the leading network-attached storage market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on storage solution, the global network-attached storage market is segmented into Scale-up NAS, Scale-out NAS.
- On the basis of deployment type, the market is segmented into on-premise, remote, and hybrid.
- Based on Organization Size, the market is segmented into SMEs large and enterprises.
- based on end-user industry, the market is segmented into financial services, consumer goods and retail, telecommunications and ITeS, healthcare, energy, government, education and research, media and entertainment, manufacturing, business and consulting, and others.
MARKET DYNAMICS
Drivers:
- The growth in dependence on data stored on cloud locations by small and medium enterprises (SMEs) is the significant factor that drives the network-attached storage market growth.
- The expansion of social media contents and high-speed data transfer technologies, which include 4G & 5G, is the reason for the network-attached storage market growth. NAS behaves as a server for sharing files.
Restraints:
- However, worries associated with data security may affect the growth of the network-attached storage market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The network-attached storage market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the network-attached storage market in these regions.
IMPACT OF COVID-19 ON NETWORK-ATTACHED STORAGE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the network-attached storage market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from network-attached storage market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the network-attached storage market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Buffalo Americas, Inc.
- Dell EMC
- Hewlett Packard Enterprise Development LP
- Hitachi Vantara Corporation
- NetApp
- NETGEAR
- QNAP Systems, Inc.
- Seagate Technology LLC
- Synology, Inc.
- Western Digital Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.