What is Network Attached Storage Market?
Network-attached storage (NAS) is network-attached storage that allows multiple users and heterogeneous client devices to access data from a central location. By virtue of its hardware, software, or configuration, NAS is designed to serve files. The network-attached storage market is growing due to features like faster data access, easy setup, and simpler administration.
The market study is being classified by Type (High-end Enterprise NAS, Midmarket NAS and Low-end NAS), by Application (Home/Consumer NAS, BFSI, IT and Telecom, Healthcare, Retail and Consumer Goods, Government and Media and Entertainment) and major geographies with country level break-up.
Dell EMC (United States), NetApp, Inc. (United States), Hewlett-Packard Enterprise Company (United States), Hitachi Data Systems Corporation (United States), Western Digital Corporation (United States), NETGEAR, Inc. (United States), Synology, Inc. (Taiwan), Buffalo Americas (United States), Seagate Technology PLC. (United States) and QNAP Systems, Inc. (Taiwan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Zyxel Communications Corp. (Taiwan), Thecus Technology Corporation (Taiwan) and Drobo Inc.(United States).
The market is fragmented by numerous players who are involved in innovation and making Network-attached storage more sophisticated for end users. Strategic Collaborations and product innovation are being carried out by market players. There is a various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Network Attached Storage market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Network Attached Storage market by Type, Application and Region.
On the basis of geography, the market of Network Attached Storage 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Dependence on Digital Content Being Stored in the Cloud Environment
- Need for A Large Amount of Secure Data Storage Devices for Video Surveillance Application
Restraints
- Concern related to Security of Data at the time of Data Storage
Opportunities
- Government Initiatives of Increasing Digitization of Data in Developing Countries
- Growth of the Internet of Things (IoT) and Big Data Market
Challenges
- High Latency Involved in Connecting to Storage Devices
Market Leaders and some development strategies
In Aug 2019, Synology® and the Taiwan Computer Emergency Response Team / Coordination Center jointly announced the ransomware attack, where the attacker obtained admin credentials by brute force and encrypted the data on various brands of NAS (Network Attached Storage), was under control after they took down the C&C server on July 22. Synology and the TWCERT/CC urge all NAS users to reinforce system security settings to keep their data safe.
In Jan 2020, Synology Inc. announced the availability of the SA3600 storage system, the latest device in the SA family of high-performance and versatile, petabyte-capable network-attached storage servers. Built to tackle both existing and future data storage requirements, SA3600 provides businesses with access to faster and larger on-premises storage in a cost-effective package.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Network Attached Storage Provider, Network-attached Storage Suppliers, Potential Investors and Research and Development Organisation