Network Attached Storage (NAS) Market Key Driving Factors and Challenges, Opportunities and Forecast Insights by 2027

(Delaware U.S) How is increased cloud-based deployment impacting network attached storage (NAS) market size?

Network attached storage (NAS) market share has been anticipated to accelerate during the forecast timeframe on account of the rising popularity of these solutions across SMEs for their secured storage and cost-effective capabilities. There has been an increasing need to obtain secure data storage solutions to cater to the numerous end-use applications to store and offer instant access to all multimedia applications like images, emails, and videos.

The solutions help SMEs offer good data backup properties as well as ensure high performing level in order to secure their business objectives. Small enterprises tend to deploy NAS solutions owing to their limited IT budget that avoids the need to maintain a specialized skillset.

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Organizations have been using the systems as a reliable method of storing data that can be managed and controlled easily with established network systems. Network attached storage (NAS) market size is expected to exceed USD 20 billion by the year 2024. The healthcare sector has witnessed a major growth in the adoption of this system which helps enable optimal management of data like improved data security, maximize storage capacity and have quick access to data.

How will the scale-out segment help propel network attached storage device industry share?

Users have the freedom to expand the storage through scale-out NAS which depends on the consumer’s requirements. This makes the system a preferable option for the management of storage in an economical manner. Enterprises can easily manage, consolidate and protect the unstructured data with the capabilities of server virtualization by having these systems deployed, bolstering network attached storage market forecast.

The scale-out architecture segment in NAS market is estimated to record more than 30% CAGR over the projected time period owing to its convenience of letting consumers expand their disk space by using additional connected devices

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Will the increase in cloud-based solutions have a positive impact on NAS industry trends?

Cloud-based NAS solutions are like virtual appliances that use the cloud-based platforms to help users easily expand their storage whenever required. Several companies comprising the competitive dynamics of the industry are involved in the development of these NAS solutions that are capable of working with the cloud environment like Amazon Web Services (AWS) and Microsoft Azure.

Cloud-based NAS industry size is projected to register over 20% CAGR between the year 2018 to 2024 on account of their rising popularity for providing scalable and cost-effective solutions.

How will the IT & telecom sector influence global network attached storage market share?

IT & telecom application within the business segment has been estimated to own an industry share of nearly 25% by the year 2024 owing to the growing need among companies to be able to store, manage as well as access contents in the network. Such solutions are like the central hub that allows firms to share data with numerous users and devices.

Growing amount of large unstructured data has coerced IT & telecom firms to use these solutions and manage their data effectively. Data storage technologies of next-generation help them store and allow prompt data recovery, replacing traditional data storage solutions. Network attached storage solutions market size from the business segment has been expected to achieve more than 15% CAGR over the forecast timeframe.

Report Content

Chapter 1   Methodology & Scope

1.1    Scope & definition

1.2    Methodology & forecast parameters

1.3    COVID-19 impact

1.3.1    North America

1.3.2    Europe

1.3.3    Asia Pacific

1.3.4    Latin America

1.3.5    MEA

1.4    Data Sources

1.4.1    Secondary    Paid sources    Public sources

1.4.2    Primary

Chapter 2   Executive Summary

2.1    NAS industry 360º synopsis, 2017 – 2027

2.2    Business trends

2.3    Regional trends

2.4    Architecture trends

2.5    Design trends

2.6    Deployment model

2.7    Application trends


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