Network-Attached Storage (NAS) Market - Growth Factors and Regional Forecast to 2023

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The network-attached storage systems provide users with cost-effective solutions for increased control over data and the greater flexibility to accommodate changing business conditions. The rising demand of NAS system across industries fosters the growth of the market. The increasing utilization of network-attached storage systems is the potential driver for small and medium enterprises, especially in emerging economies.

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Segments

The MRFR analysis is segmented into five key dynamics for the convenience of understanding;

By TypesSmall-medium business-level NAS, Enterprise NAS storage, and Consumer Level NAS among others.

By Storage SolutionScale-up and Scale-out among others.

By Deployment TypesRemote, On-premise, and Hybrid among others.

By End-userHealthcare, Government, BFSI Telecommunication, and IT among others.

By Regions: North America, Europe, APAC, and the Rest-of-the-World.

Regional Analysis

North America region is the largest market in terms of the market share in Network-Attached Storage (NAS) Market owing to the presence of many industries. The study signifies that network-attached storage is trending among the small and medium enterprises and its market is projected to be the most attractive markets in the region.

Factors substantiating market growth include the unparalleled expansion of data, increasing the adoption of the Internet of Things (IoT), and stringent data related to regulatory compliances. Moreover, the factors such as the early adoption of emerging technologies, substantial investments in cloud-based solutions, and the presence of a huge number of players present in this region are supporting the market growth.

The European region will be the second largest market share for network-attached storage solutions during the forecast period.  The augmenting demand for NAS from the increasing number of data infrastructures to ensure continuous delivery of the data management services.

The Asia Pacific network-attached storage market is emerging as a profitable market.  Factors substantiating the market growth include the increasing demand for digitization and raising awareness about the new technological solutions. Additionally, the rising stringent data related regulatory compliances drive the market growth in the region.

Key Players:

Some of the leaders of the market include Synology, Inc. (Taiwan), NETGEAR, Inc. (US), Buffalo Americas (US), Dell EMC (US), Seagate Technology PLC. (US), Hewlett-Packard Enterprise Company (US), Western Digital Corporation (US), Hitachi Data Systems Corporation (US), NetApp, Inc. (US), and QNAP Systems, Inc. (Taiwan).

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