Network Attached Storage (NAS) Market by Deployment and Geography - Forecast and Analysis 2022-2026

Published: Jun 2022

Pages: 126

SKU: IRTNTR73595

Snapshot

Network Attached Storage (NAS) Market Forecast 2022-2026

The network attached storage (NAS) market share is estimated to increase to USD 18.61 billion from 2021 to 2026, at an accelerating CAGR of 9.03%. The market is driven by the increasing need for data backup and redundancy due to digital transformations. The key trends include strategic alliances among companies, while challenges include rising data breach incidents.

What will the Market Size be During the Forecast Period?

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Key Drivers, Trends, and Challenges

The rising need for data backup and redundancy with the surge in digital transformations is notably driving the market, although factors such as the increasing incidence of data breach may impede the market.

Key Driver

One of the key drivers supporting the market is the rising need for data backup and redundancy with the surge in digital transformations. NAS is generally utilized as a centralized and shared digital file storage system. A single system has many physical hard discs and servers. Moreover, several major companies are creating enhanced data storage, backup, and redundancy solutions and services, leading to an increased demand. For instance, in September 2021, Microsoft Corporation introduced the zone redundancy storage (ZRS) option for Microsoft Azure's managed discs. It aided in improving digital infrastructure resilience and enabled high-performance persistent block storage for Azure virtual machines (VM). Such initiatives will drive the market during the forecast period.

Key Trend

One of the key market trends fueling the market is the increase in key development and strategic alliances among companies. Primarily, numerous global and regional companies are offering differentiated products in the market, intensifying the competition among companies. Companies are focusing on new strategies, such as developing new services with innovative technology or partnering with technology providers to gain a competitive edge in the market and retain their market positions. In March 2020, NetApp Inc. acquired Talon Storage, a pioneer in next-generation software-defined storage solutions, to help global companies centralize and consolidate IT storage infrastructure on public clouds. Such factors will fuel the market growth and trends during the forecast period.

Key Challenge

One of the challenges limiting the market is the increasing incidence of data breach. NAS is a storage device that delivers file services to computer systems. These devices include file storage and document storage systems. Moreover, this stored data is vulnerable to cyber security threats posed by cyber attackers. For instance, in August 2021, according to a study conducted by Palo Alto Networks Inc., an estimated 240,000 QNAP systems and about 3,500 Synology devices were vulnerable to cyber-attacks. Such threats may limit the market growth during the forecast period.

This market growth analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Network Attached Storage Market Companies?

The market research and growth report analyzes the market's competitive landscape and offers information on several market companies, including:

This statistical study of the network-attached storage market encompasses successful business strategies deployed by the key companies. The market is fragmented and the companies are deploying organic and inorganic growth strategies to compete in the market.

The market forecasting report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Regional Analysis

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32% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the market in APAC. Market in this region will be faster than the market in other regions.

The growing adoption of smart connected and IoT devices such as smartphones, tablets, and laptops will facilitate the market in APAC over the forecast period. This market growth and forecasting report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for companies, which will assist in creating efficient business plans.

Market Segmentation

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The market share growth by the on-premise segment will be significant during the forecast period. On-premises solutions are majorly developed and used by large enterprises that have a global presence to gain more control and ownership over their security and the data generated and stored within the application. Organizations apply artificial intelligence (AI) and machine learning (ML) technologies to extract and analyze massive data sets that contain sensitive information. Hence, such organizations prefer to operate through on-premises deployment than in the cloud. Such increasing preference for on-premise deployment will drive the market during the forecast period.

This market research report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights.

Market Value Chain Analysis

Our market trends and analysis report provides extensive information on the value chain analysis for the market, which companies can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help companies drive costs and enhance customer services during the forecast period.

Market Analyst Overview

The Network Attached Storage (NAS) market is booming with the proliferation of Internet of Things (IoT) technologies and 5G technology, fueling massive data generation from various digital devices. NAS solutions cater to the storage needs of enterprises and consumers alike, handling unstructured data sets like audio files, videos, and images efficiently. Hybrid cloud storage bridges the gap between traditional NAS devices and cloud storage, ensuring data accessibility and security. From work-from-home setups to hybrid work policies, NAS supports remote data management, easing the burden on IT teams. Small to midsize businesses, research centers, and media professionals benefit from NAS solutions, facilitating backup, recovery, and storage virtualization. PAC Storage leads innovations, addressing the demands of telecommunications and ITES sectors for seamless data mobility and robust backup solutions.

Network Attached Storage (NAS) Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 9.03%
Market growth 2022-2026	USD 18.61 billion
Market structure	Fragmented
YoY growth (%)	8.01
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	APAC at 32%
Key consumer countries	US, China, Japan, UK, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Technologies Co. Ltd., Infortrend Technology Inc., International Business Machines Corp., NetApp Inc., NETGEAR Inc., PaNASas Inc., QNAP Systems Inc., Seagate Technology LLC, StorCentric Inc., Synology Inc., Thecus Technology Corp., Western Digital Corp., ASUSTeK Computer Inc., Buffalo Americas Inc., Buurst Inc., Cisco Systems Inc., D Link Corp., and Dell Technologies Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive market during the next five years
Precise estimation of the market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the industry across North America, Europe, APAC, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information on companies
Comprehensive details of factors that will challenge the growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Deployment

5.1 Market segments
- Exhibit 24: Chart on Deployment - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Deployment - Market share 2021-2026 (%)

5.2 Comparison by Deployment
- Exhibit 26: Chart on Comparison by Deployment
- Exhibit 27: Data Table on Comparison by Deployment

5.3 On-premise - Market size and forecast 2021-2026
- Exhibit 28: Chart on On-premise - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on On-premise - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on On-premise - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on On-premise - Year-over-year growth 2021-2026 (%)

5.4 Cloud - Market size and forecast 2021-2026
- Exhibit 32: Chart on Cloud - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Cloud - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Cloud - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Cloud - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Deployment
- Exhibit 36: Market opportunity by Deployment ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 UK - Market size and forecast 2021-2026
- Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.11 France - Market size and forecast 2021-2026
- Exhibit 74: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on France - Year-over-year growth 2021-2026 (%)

7.12 Japan - Market size and forecast 2021-2026
- Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption

9.4 Industry risks
- Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 87: Vendors covered

10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification

10.3 Buffalo Americas Inc.
- Exhibit 89: Buffalo Americas Inc. - Overview
- Exhibit 90: Buffalo Americas Inc. - Product / Service
- Exhibit 91: Buffalo Americas Inc. - Key offerings

10.4 Dell Technologies Inc.
- Exhibit 92: Dell Technologies Inc. - Overview
- Exhibit 93: Dell Technologies Inc. - Business segments
- Exhibit 94: Dell Technologies Inc. - Key news
- Exhibit 95: Dell Technologies Inc. - Key offerings
- Exhibit 96: Dell Technologies Inc. - Segment focus

10.5 Hewlett Packard Enterprise Co.
- Exhibit 97: Hewlett Packard Enterprise Co. - Overview
- Exhibit 98: Hewlett Packard Enterprise Co. - Business segments
- Exhibit 99: Hewlett Packard Enterprise Co. - Key news
- Exhibit 100: Hewlett Packard Enterprise Co. - Key offerings
- Exhibit 101: Hewlett Packard Enterprise Co. - Segment focus

10.6 Hitachi Ltd.
- Exhibit 102: Hitachi Ltd. - Overview
- Exhibit 103: Hitachi Ltd. - Business segments
- Exhibit 104: Hitachi Ltd. - Key news
- Exhibit 105: Hitachi Ltd. - Key offerings
- Exhibit 106: Hitachi Ltd. - Segment focus

10.7 NetApp Inc.
- Exhibit 107: NetApp Inc. - Overview
- Exhibit 108: NetApp Inc. - Business segments
- Exhibit 109: NetApp Inc. - Key news
- Exhibit 110: NetApp Inc. - Key offerings
- Exhibit 111: NetApp Inc. - Segment focus

10.8 NETGEAR Inc.
- Exhibit 112: NETGEAR Inc. - Overview
- Exhibit 113: NETGEAR Inc. - Business segments
- Exhibit 114: NETGEAR Inc. - Key offerings
- Exhibit 115: NETGEAR Inc. - Segment focus

10.9 QNAP Systems Inc.
- Exhibit 116: QNAP Systems Inc. - Overview
- Exhibit 117: QNAP Systems Inc. - Product / Service
- Exhibit 118: QNAP Systems Inc. - Key offerings

10.10 Seagate Technology LLC
- Exhibit 119: Seagate Technology LLC - Overview
- Exhibit 120: Seagate Technology LLC - Business segments
- Exhibit 121: Seagate Technology LLC - Key news
- Exhibit 122: Seagate Technology LLC - Key offerings
- Exhibit 123: Seagate Technology LLC - Segment focus

10.11 Synology Inc.
- Exhibit 124: Synology Inc. - Overview
- Exhibit 125: Synology Inc. - Product / Service
- Exhibit 126: Synology Inc. - Key offerings

10.12 Western Digital Corp.
- Exhibit 127: Western Digital Corp. - Overview
- Exhibit 128: Western Digital Corp. - Business segments
- Exhibit 129: Western Digital Corp. - Key news
- Exhibit 130: Western Digital Corp. - Key offerings
- Exhibit 131: Western Digital Corp. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 132: Inclusions checklist
- Exhibit 133: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 134: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 135: Research methodology
- Exhibit 136: Validation techniques employed for market sizing
- Exhibit 137: Information sources

11.5 List of abbreviations
- Exhibit 138: List of abbreviations

Methodology

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

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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