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The network attached storage (nas) market size is forecast to increase by USD 17.37 billion at a CAGR of 8.5% between 2023 and 2028.
The network attached storage (nas) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Network-Attached Storage (NAS) is a data storage solution that enables file sharing and access over a network, utilizing Gigabit Ethernet and high-speed transport protocols. NAS is widely adopted in various sectors, including video data storage in broadcasting environments, finance, healthcare, High-Performance Computing (HPC), and cloud storage services such as OneDrive, Google Drive, and Dropbox. With the digital transformation and increasing reliance on network technologies, NAS plays a crucial role in 5G deployment, data security, and managing LAN traffic. Customized NAS solutions cater to diverse requirements, including scale-up NAS and scale-out NAS, as well as smart city projects and data centers.
In an era of increasing data security concerns, NAS solutions offer ransomware recovery and remote access features. Cloud platforms, digital data workloads, and various digital devices, from Personal Computers (PCs) to smartphones and tablets, rely on NAS for data storage and management.
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The On-premises segment was valued at USD 16.77 billion in 2018 and showed a gradual increase during the forecast period.
Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America is experiencing consistent growth, driven by the increasing adoption of IoT devices and the subsequent surge in data generation. Key industries, including Finance, Healthcare, High-Performance Computing (HPC), and Telecommunications, are primary contributors to this growth. Gigabit Ethernet and high-speed transport protocols facilitate the efficient handling of large volumes of data in various sectors. In broadcasting environments, NAS plays a crucial role in video data storage and distribution. Cloud storage services, such as OneDrive, Google Drive, and Dropbox, have also fueled the demand for NAS solutions. With the digital transformation and increasing reliance on network technologies, including 5G deployment, data security becomes paramount.
Customized NAS solutions cater to the unique requirements of scale-up and scale-out environments. Smart city projects, data centers, and ransomware recovery further expand the market scope. Remote access and cloud platforms accommodate digital data workloads for Personal Computers (PCs), Enterprise Desktops, Smartphones, Laptops, Tablets, and various Digital Devices and Gadgets.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rising need for data backup and redundancy with surge in digital transformations is the key driver of the market.
Increase in key development among vendors is the upcoming market trend.
Increasing incidences of data breach is a key challenge affecting the industry growth.
The network attached storage (nas) market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the network attached storage (nas) market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, network attached storage (nas) market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
ASUSTeK Computer Inc. - Network Attached Storage (NAS) is a data accessing solution that enables file sharing and centralized data management over a network. The market for NAS offers various solutions, including the TeraStation 3010 series and TeraStation 6000 series, which deliver high-capacity storage and robust performance for businesses and organizations. These NAS offerings provide versatile functionality, enabling seamless data access, backup, and disaster recovery. With advanced features such as RAID data protection, iSCSI support, and remote access capabilities, NAS solutions offer a scalable and cost-effective alternative to traditional storage systems. Companies implementing NAS can improve productivity, streamline operations, and ensure business continuity.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Network-attached storage (NAS) has emerged as a critical data storage solution in various sectors, including high-performance computing (HPC), finance, healthcare, broadcasting environments, and digital media content creation. The increasing reliance on digital data and the need for high-speed transport protocols, such as gigabit Ethernet, have fueled the growth of NAS In these industries. NAS offers several advantages over traditional storage solutions. In HPC environments, it enables the sharing of large data sets among researchers and scientists, accelerating innovation and research. In finance and healthcare, NAS ensures secure and efficient storage and retrieval of sensitive data, complying with regulatory requirements.
In broadcasting environments, NAS facilitates the seamless transfer and sharing of large media files, enabling real-time collaboration and faster production workflows. The digital transformation of industries and the increasing adoption of network technologies, such as 5G deployment, have further expanded the scope of NAS. With the rise of digital data workloads, NAS has become an essential component of communications infrastructure, enabling the storage and sharing of data across various digital devices, including personal computers (PCs), enterprise desktops, smartphones, laptops, tablets, and even smart gadgets like voice assistance, consumer wearables, and 3D smart glasses. The NAS ecosystem includes various solutions catering to different market segments.
Midmarket NAS solutions offer cost-effective storage solutions for small and medium businesses, while enterprise-level NAS solutions provide advanced features and scalability for large organizations. Consumer-level NAS solutions cater to individual users and small businesses, offering easy-to-use and cost-effective storage solutions. The increasing adoption of cloud storage services, such as OneDrive, Google Drive, and Dropbox, has led to the emergence of hybrid cloud storage solutions. Hybrid cloud storage enables organizations to store and manage data both on-premises and In the cloud, providing the benefits of both worlds. The growth of NAS is driven by several factors, including the increasing volume and complexity of digital data, the need for high-speed data transfer, and the growing importance of data security.
Performance issues, such as LAN traffic congestion and server breaches, have led to the adoption of NAS solutions that offer advanced data security features, including ransomware recovery and remote access. The NAS market is expected to continue growing, driven by the increasing adoption of digitalization, the rise of big data, and the growing importance of data security. The market is also expected to be influenced by the deployment of 5G networks, which will enable faster data transfer and the adoption of IoT devices, leading to an increase in data generation and the need for efficient data storage solutions. In conclusion, NAS has become an essential component of digital infrastructure, enabling the efficient storage and sharing of digital data across various industries and applications.
The growth of NAS is driven by several factors, including the increasing volume and complexity of digital data, the need for high-speed data transfer, and the growing importance of data security. The market is expected to continue growing, driven by the increasing adoption of digitalization, the rise of big data, and the deployment of 5G networks.
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Market Scope |
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Report Coverage |
Details |
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Page number |
141 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.5% |
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Market growth 2024-2028 |
USD 17374.9 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.7 |
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Key countries |
US, China, UK, France, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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