The global network attached storage market is anticipated to grow at a significant CAGR during the forecast period. Network Attached Storage (NAS) provides centralised data for heterogeneous clients approved network users and authorised network users. Due to features such as flexibility and scale-out, ease of setup, and low installation and maintenance costs, the global network-attached storage market is predicted to increase significantly throughout the forecast period. Connected devices, such as computers, can be used to conveniently configure the NAS.
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The key drivers of the global network-attached storage market are the growing demand for data availability at any time and from any location within a company’s network and on the internet. The demand for NAS technology is being fueled by the growing acceptance of remote and virtual office settings, business continuity planning, and the inescapable requirement to provide remote access to corporate networks to employees.
NAS devices are ideal for keeping the backup of secret data in business operations. Because of these backup targets and files to keep copies of data, the use of this technology is increasing. The capacity of NAS devices to compress data and store a duplicate copy of data will promote NAS device adoption. Data deduplication on the NAS network replaces duplicate files with tags relating to the original file, reducing the number of duplicate entries and improving the efficiency of the searching capabilities.
Small and medium businesses are projected to continue to be in high demand, as NAS devices provide a cost-effective option for these businesses, which are sometimes plagued by challenges such as restricted access to IT and financial resources. The global network-attached storage market is steadily shifting away from small and medium business-focused solutions and toward more advanced large enterprise-focused solutions. SMBs utilise NAS for relevant data storage and sharing applications; large enterprises use NAS for regular data sharing, as well as for specific workgroups, departments, and remote offices.
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Market Coverage
- Segment Covered-
o By Design
o By Products
o By End-User
o By Storage Solution
o By Deployment
o By End-User Industry
- Competitive Landscape: Dell Technologies Inc., NetApp, Inc., HP, Hitachi, Ltd. and Western Digital Corp.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Network Attached Storage Market by Segments
By Design:
- 1Bay to 8 Bays
- 8 Bays to 12 Bays
- 12 Bays to 20 Bays
- More than 20-bays
By Product:
- Enterprise NAS Solutions
- Midmarket NAS Solutions
By Storage Solution:
- Scale-up NAS
- Scale-out NAS
By Deployment Type:
- On-premises
- Remote
- Hybrid
By End-user Industry:
- Banking, Financial Services, and Insurance (BFSI)
- Consumer goods and retail
- Telecommunications and ITES
- Healthcare
- Energy
- Government
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