NAS Network Memory Market Scope
NAS Network Memory is vast number of computers linked with a network of storage devices, which can be used to access a file located at a centralised location. It is also popularly known as private cloud. NAS provides both scale out and scale up storage solution. With the increasing improvement in connectivity technology, although with fear of data breach more and more firms are approaching a hybrid deployment model. The NAS network memory offers a significant benefit where the firms or users can increase the storage as and when you want to by adding additional NAS devices to the network. North America is expected to be the biggest market of NAS network memory.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Hewlett Packard Enterprise Company (United States), Dell (United States), Hitachi Data Systems (United States), Netapp Inc. (United States), Seagate Technology Holdings plc (United States), Western Digital Corporation (United States), Buffalo Americas Inc. (United States), Netgear Inc. (United States) and QNAP Systems Inc. (Taiwan) |
CAGR | 4.6% |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global NAS Network Memory market throughout the predicted period.
Hewlett Packard Enterprise Company (United States), Dell (United States), Hitachi Data Systems (United States), Netapp Inc. (United States), Seagate Technology Holdings plc (United States), Western Digital Corporation (United States), Buffalo Americas Inc. (United States), Netgear Inc. (United States) and QNAP Systems Inc. (Taiwan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Synology Inc. (Taiwan) and Netgear Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global NAS Network Memory market by Type and Region with country level break-up.
On the basis of geography, the market of NAS Network Memory has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In 2019, Western Digital Corporation, a US based multinational manufacturer of hard disk and provider of data storage solutions has announced acquisition of Kazan Networks which is a startup specialised in the development of the NVMe-oF technology. Western Digital is eyeing in using Kasan’s expertise to upgrade its storage solutions both in terms of storage capacity and their performance.
In April 2023, OWC has announced its new Innergize software for memory cards, new memory card readers, and its new Jellyfish XT Network-Attached Storage (NAS) Solution.
Influencing Trend:
Integration with Cloud or Adoption of Hybrid Deployment Model is increasing in Popularity
Market Growth Drivers:
Growing Digitisation of Businesses and Cheaper Costs of Setup
Challenges:
Interoperability with Different Systems may be Hurdle to the Growth of the NAS Network Memory
Restraints:
Emergence of New and Better Storage Mechanisms such as Block Storage and Object Storage
Opportunities:
Developing Countries with Poor Internet Connectivity has Huge Potential to Grow
Key Target Audience
NAS Network Memory Manufacturers, Suppliers and Distributors, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners and End-Use Industries