Global Network Attached Storage Market (2021-2026) by Design, Product, Storage, Deployment, Essential components, End User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Network Attached Storage Market is estimated to be USD 37.68 Bn in 2021 and is expected to reach USD 86.17 Bn by 2026, growing at a CAGR of 17.99%.

Market Dynamics

5G’s ability to connect millions of devices will drive the development of smart cities, factories, and smart agriculture. Hence, these factors are the rapid deployment of 5G likely to uplift the demand for these systems. Network Storage drivers measure increasing requirements to access knowledge anytime within the company network and web. Increase in adoption of workplace remote & virtual, business continuity coming up with and therefore the making ought to offer remote access to company networks to workers fueling demand for the NAS technology. Anticipated demand to stay high among the tiny and medium enterprises, as NAS devices offer a cheap resolution for these corporations that square measure typically saddled with problems, such as restricted access there too and monetary resources. Another market growth is the surge within the massive usage of analytics and data processing applications. The increasing number of cyber-attacks is likely to restrict the market growth. Challenges are Security concerns for remotely located data hampering the market growth.

Market Segmentation

• The Global Network Attached Storage Market is segmented further based on Design, Product, Storage, Deployment, Essential components, End User, and Geography.
• By Design Type, the market is classified as 1Bay to 8 Bays, 8 Bays to 12 Bays, 12 Bays to 20 Bays, and More than 20-Bays.
• By Product Type, the market is classified as Enterprise NAS Solutions and Midmarket NAS Solutions.
• By Storage Type, the market is classified as Scale-up NAS Solution and Scale-out NAS Solution.
• By Deployment Type, the market is classified as On-premises, Remote, Hybrid.
• By Essential Components, the market is classified as Hardware and Software.
• By End User Type, the market is classified as Banking, Financial Services & Insurance, Consumer goods & Retail, Telecommunications & ITES, Healthcare, Energy, Government, Education & Research, Media & Entertainment, Manufacturing, Business & Consulting, and Others.
• By Geography, Asia Pacific is projected to lead the market.

Recent Developments

NetApp Inc. nonheritable claw Storage (US), next-generation software-defined storage solutions, alter world enterprises to centralize and consolidate IT storage infrastructure to the available public clouds. - March 2020
Synology launched the DiskStation DS420j (a 4-bays NAS server), a file syncing and sharing answer that addresses completely different capability demands of home users. - January 2020

WESTERN DIGITAL CORPORATION received a contract from Acronis, a world leader in cyber protection, to deliver its Ultrastar Data60 and Ultrastar Data102 high-capacity hybrid storage platforms can facilitate Acronis to fulfill capability demands and support the business' long-run growth plans expeditiously and cost-effectively. - March 2020

Company Profiles

Some of the companies covered in this report are Dell technologies Inc., NetApp Inc, HEWLETT PACKWARD ENTERPRISE COMPANY, Hitachi Ltd., WESTERN DIGITAL CORPORATION, SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY PLC, NETGEAR Inc. Synology Inc., Buffalo Americas Inc., QNAP Systems Inc., Drobo Inc., ASUSTOR Inc., IBM, Huawei technologies co. Ltd., Cisco Systems Inc., Microsoft, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Network Attached Storage Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includesin-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also contains the competitive analysis using a Competitive Quadrant, the analyst's proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market