Global Scale Out Network Attached Storage Market Overview:
Network-attached storage is a centralized storage device for storing data on a network. Scale Out Network Attached Storage is an architecture in which the total amount of storage space can be increased by the means of adding devices in connected arrays with their own resources. Scale out NAS grows by adding clustered nodes as per need. In a scale out system, a new storage device/hardware can be added and configured as per the need typically when scale out system reaches its storage limit. The main advantage of scale out network attached storage that it can harness the extra storage attached across the arrays and can also use added devices to increase the storage capacity of whole network. Due to the value delivered by scale out network attached storage, they are considered a cost-effective storage option. With an increasing amount of data generation and processing among the businesses the demand for scale out network attached storage is increasing.
Growth Drivers
- The Demand for Scale Out Network Attached Storage is Increasing as Businesses' Data Storage Needs to Grow
- Scale Out Network Attached Storage is required to Prevent Overestimating or Underestimating Storage Requirements
Market Trends
- Increasing Demand of Scale Out NAS Due to Rise in Small IT Companies
- Video Production Studios are Growing
Roadblocks
- Software Updates of the Scale Out Network Attached Storage Could Be Complicated
Opportunities
- Increasing Demand of Scale Out Network Attached Storage Due to Its Advantages It Offers Over Scale-Up Network Attached Storage
- Rising Demand of Scale Out Network Attached Storage from Small and Medium-Sized Businesses
Challenges
- Adding New Storage Device in Scale Out NAS Gives Rise to Potential Points of Failure
- Lack of Awareness Among Business About Scale Out Network Attached Storage
Competitive Landscape:
With the increasing demand for data storage and processing; the demand for scale out NAS is expected to further grow. Although the market is currently focused on North America, the shift will likely push players to Asia. The market is fragmented but has leading companies who drive innovation and create new demand in this market. Offering reliability and after-sales services is the key thing in this market. Although there are no major barriers to entry, some features in this product are protected by intellectual property rights.
Some of the key players profiled in the report are Dell (United States), HP (United States), NetApp Inc. (United States), Hitachi Ltd. (Japan), WD Corp. (United States), Seagate Technology PLC (United States), NETGEAR (United States), IBM Corp. (United States), Asus (Taiwan) and Drobo Inc (United States). Additionally, following companies can also be profiled that are part of our coverage like Synology (Taiwan), Buffalo Americas Inc. (United States) and QNAP Systems (Taiwan). Considering Market by Server, the sub-segment i.e. X86 will boost the Scale Out Network Attached Storage market. Considering Market by Industry Verticals, the sub-segment i.e. Banking will boost the Scale Out Network Attached Storage market. Considering Market by Feature, the sub-segment i.e. Data Protection will boost the Scale Out Network Attached Storage market.
In Feb 2021, QNAP a leading computing, networking, and storage solution innovator based in Taiwan, announced that it has ended support for MS Internet Explorer and Edge Legacy browsers. Due to Microsoft’s lifecycle policy, IE11 has largely discontinued since Nov 2020 and Microsoft plans to discontinue edge legacy desktop from March 2021. After taking this into account, QNAP has decided to discontinue support for these browsers. Further QNAP has advised users to switch to new browsers like Chrome, Firefox, Safari.
What Can be Explored with the Scale Out Network Attached Storage Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Scale Out Network Attached Storage Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Scale Out Network Attached Storage
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Scale Out Network Attached Storage market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Scale Out Network Attached Storage market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Scale Out Network Attached Storage Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.