Demand For Network Attached Storage (NAS) Is Grow At An Impressive 15.61% CAGR Through 2032

Posted on 2022-12-27 by Fact.MR in Technology // 0 Comments

Global network attached storage (NAS) industry revenue stood at US$ 26.9 Billion in FY 2021, and is forecast to reach US$ 31.1 Billion, registering a Y-o-Y expansion rate worth 15.61% in 2022. The market is poised to embark on a positive trajectory, documenting a 14% value CAGR from 2022-2032. The market is projected to reach US$ 115.2 Billion by 2032.

Overall, the NAS landscape is poised to yield an absolute dollar opportunity worth US$ 84.1 Billion until 2032. Sales of NAS for software will continue to flourish, with a documented CAGR of 15.2% from 2015 to 2021. By deployment type, on-premises network attached storage (NAS) registered high growth, documenting a CAGR of 14.8% from 2015-to 2021.

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According to each client’s individual business requirements, the Network Attached Storage (NAS) market study is the most pertinent, distinctive, honest, and reputable global market research report. The research includes in-depth market definition, drivers and constraints, market share, market segmentation, and analysis of the major players in the industry. The highest degree of spirit, practical solutions, committed study and analysis, modernity, integrated approaches, and the most recent technology were important design considerations for this market research report.

In the Network Attached Storage (NAS) market report, research and analysis are done in one phase or a mix of steps depending on the client’s needs and business needs. Major producers, suppliers, distributors, traders, clients, investors, types, and applications are all included. This market research study was created using thorough data and market research insights that will help firms experience rapid growth and thriving sustainability in the marketplace. Companies must use the Network Attached Storage (NAS) market document service, which has become fairly important in this quickly changing marketplace, for effective business growth.

Prominent Key Players Of The Network Attached Storage (NAS) Market Survey Report:

Dell Technologies Inc.
NetApp, Inc.
HEWLETT PACKARD ENTERPRISE COMPANY
Hitachi, Ltd
WESTERN DIGITAL CORPORATION
SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY
NETGEAR, Inc.
Synology, Inc.
Buffalo Americas, Inc.
QNAP Systems, Inc.
Drobo, Inc.
ASUSTOR Inc.

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Key Segments Covered in Network Attached Storage (NAS) Market Report

Network Attached Storage Market by Solution :
- Network Attached Storage Hardware
- Network Attached Storage Software
Network Attached Storage Market by Design :
- Network Attached Storage from 1 to 8 Bays
- Network Attached Storage from 8 to 12 Bays
- Network Attached Storage from 12 to 20 Bays
- Network Attached Storage of more than 20-Bays
Network Attached Storage Market by Product :
- Enterprise Network Attached Storage Solutions
- Midmarket Network Attached Storage Solutions
Network Attached Storage Market by Storage Solution :
- Scale-up Network Attached Storage
- Scale-out Network Attached Storage
Network Attached Storage Market by Deployment Type :
- On-premises Network Attached Storage
- Remote Network Attached Storage
- Hybrid Network Attached Storage
Network Attached Storage Market by End-User Industry :
- Banking, Financial Services, and Insurance (BFSI)
- Consumer Goods and Retail
- Telecommunications and ITES
- Healthcare
- Energy
- Government
- Education and Research
- Media and Entertainment
- Manufacturing
- Business and Consulting
- Other End-User Industries (Aerospace & Defense, Automotive, Food Processing, and Logistics)

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Network Attached Storage Market – Competitive Landscape

Prominent network attached storage service providers are reliant on offering new and enhanced services to potential clients, as well as forging partnership agreements, acquiring small to medium-sized players, and filing of patents or other regulatory approvals to remain afloat in the market. Some prominent developments in this field are as follows:

Widespread Digitalization of Business Networks Encourages the Adoption of Network Attached Storage

In October 2021, Dell Technologies unveiled new additions to its PowerScale portfolio. In addition to eliminating data silos and helping to make better use of unstructured data, Dell’s NAS solution improves flexible consumption, data management, and security capabilities. PowerScale and Archive nodes are among the new features, Dell added that the changes will improve performance by 75%.
In October 2021, Hitachi Vantara capitalized on the medium-sized business segment with its NVMe flash systems. Hitachi has added 2u E590 and E790 models to its Virtual Storage Platform (VSP) E Series lineup. Hitachi’s new storage arrays support raw NVMe flash capacities of 360 TB each. Its main difference is in the number of cores: E790 comes with 64, and E590 comes with 24.

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