The network attached storage market is driven by factors such as surge in use of mobile computing devices with increase in data generation and rise in popularity of cloud-based services.
WILMINGTON, Del., Nov. 8, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Network Attached Storage Market by Storage Solution (Scale up and Scale out), Product (Enterprise and Midmarket), and Industry Vertical (BFSI, Healthcare, Retail & E-commerce, IT & Telecom, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2032". According to the report, the global network attached storage industry generated $25.65 billion in 2022, and is projected to reach $96.1 billion by 2032, registering a CAGR of 14.56% from 2023 to 2032.
Download Research Report Sample & TOC:
https://www.alliedmarketresearch.com/request-sample/6092
(We are providing report as per your research requirement, including the Latest Industry Insight's Evolution, Potential and COVID-19 Impact Analysis)
- 117 – Tables
- 71 – Charts
- 402 – Pages
Prime Determinants of Growth
The network-attached storage industry market is expected to witness notable growth owing to surge in use of mobile computing devices with growing data generation and propelling the growth and demand for Nas devices and related solutions. Moreover, surge in demand for hybrid cloud storage is expected to provide lucrative opportunity for the growth of the market during the forecast period. On the contrary, performance-related issues associated with network-attached storage (Nas) systems limits the growth of the network-attached storage industry market.
Report Coverage & Details:
Report Coverage | Details |
Forecast Period | 2022–2032 |
Base Year | 2022 |
Market Size in 2022 | $25.65 billion |
Market Size in 2032 | $96.1 billion |
CAGR | 14.56 % |
No. of Pages in Report | 402 |
Segments covered | Storage solution, product, industry vertical, and region |
Drivers | Surge in use of mobile computing devices with growing data generation Rise in popularity of cloud-based services. |
Opportunities | Surge in demand for hybrid cloud storage |
Restraints | Performance-related issues associated with network-attached storage (NAS) systems |
Covid-19 Scenario:
The network attached storage market was significantly impacted by the COVID-19 outbreak. Production and manufacturing facilities across the globe were shut down due to the outbreak of the health crisis and the unavailability of the workforce. This further impacted the economy and caused economic hardship for business and communities in the world. Countries across the globe suffered major loss in terms of business and revenue, owing to lockdown and lack of availability of raw materials across the globe.
The Scale up (NAS) Segment to Maintain its Leadership Status Throughout the Forecast Period
Based on storage solution, the scale up (NAS) segment held the highest market share in 2022, accounting for more than two-thirds of the global network attached storage market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to the increase in use of these solutions by small and mid-sized businesses (SMEs), residences, media & entertainment companies, research & education institutions, and consulting services. However, the scale out (NAS) segment is projected to attain the highest CAGR of 15.1% from 2023 to 2032 due to increase in need for data-driven applications and services.
The Midmarket Segment to Maintain its Leadership Status throughout the Forecast Period
Based on product, the midmarket segment held the highest market share in 2022, accounting for more than half of the global network attached storage industry revenue and is estimated to maintain its leadership status throughout the forecast period, owing to the increase in emphasis on data security and privacy compliance. However, the enterprise segment is projected to attain the highest CAGR of 15.31% from 2023 to 2032 due to rise in enterprise network-attached storage (NAS). There is also a greater emphasis on data security and privacy compliance, increased integration with cloud services and hybrid cloud environments, and the emergence of AI-driven analytics to improve storage management and data insights.
The IT and Telecom Segment to Maintain its Leadership Status throughout the Forecast Period
Based on industry vertical, the IT and Telecom segment held the highest market share in 2022, accounting for nearly one-third of the global network attached storage market revenue and is estimated to maintain its leadership status throughout the forecast period, as telecom providers integrate NAS solutions, granting seamless data access and enabling swift sharing. They also utilize their networks to boost NAS connectivity, especially in remote settings. Collaboration between IT and telecom sectors lead to cloud-based NAS advancements, capitalizing on high-speed data transmission and secure cloud architecture. However, the BFSI segment is projected to attain the highest CAGR of 16.31% from 2023 to 2032 due to rise of edge computing is set to reshape financial services.
Inquiry before Buying:
https://www.alliedmarketresearch.com/purchase-enquiry/6092
North America to Maintain its Dominance by 2032
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than half of the global network attached storage market revenue owing to rise in demand for network attached storage in IT and telecom sector.
Key Industry Development
In April 2023, Seagate Technology Holdings plc, and QNAP Systems Inc., a leading network attached storage (NAS) vendor, announced an integrated portfolio of edge to cloud enterprise storage solutions. The portfolio delivers a range of innovative enterprise-scale solutions that include Seagate's IronWolf Pro Hard Drives (HDD), QNAP's high-capacity NAS solutions with Exos E series JBOD systems and Seagate Lyve Cloud.
Leading Market Players:
- Intel Corporation Dell Technologies
- Netapp, Inc.
- Hewlett Packard Enterprise Development Lp
- Hitachi Ltd.
- Western Digital Corporation
- Seagate Technology Plc
- Netgear Inc.
- Synology Inc.
- IBM Corporation
- Buffalo Technology
The report provides a detailed analysis of these key players of the global network attached storage market. These players have adopted different strategies such as product launch, product development, partnership, investment, acquisition, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Key Benefits For Stakeholders:
- As per the network attached storage market outlook, this report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the network attached storage market analysis from 2022 to 2032 to identify the prevailing network attached storage market opportunities.
- The network attached storage Market Forecast research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the network attached storage market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global network attached storage market trends, key players, market segments, application areas, and network attached storage Market growth strategies.
Network Attached Storage Key Segments:
By Storage Solution
- Scale up (NAS)
- Scale out (NAS)
By Product
- Enterprise
- Midmarket
By Industry Vertical
- Others
- BFSI
- Healthcare
- Retail and E-commerce
- IT and Telecom
- Automotive
By Region
- North America (U.S., Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
- LAMEA (Brazil, Saudi Arebia, United Arab Emirates, South Africa, Rest of LAMEA)
Procure Complete Report (402 Pages PDF with Insights, Charts, Tables, and Figures) @
Trending Reports in Semiconductor and Electronics Industry (Book Now with 10% Discount + COVID-19 Scenario):
Radio Access Network Market size was valued at $17.80 billion in 2018, and is projected to reach $44.78 billion by 2026, growing at a CAGR of 11.3% from 2019 to 2026
Intent-Based Networking (IBN) Market was valued at $1.1 billion in 2022, and is projected to reach $9.8 billion by 2032, growing at a CAGR of 24.6% from 2023 to 2032
Optical Communication And Networking Equipment Market size was valued at $15.72 billion in 2019, and is expected to reach $26.83 billion by 2027, growing at a CAGR of 7.2% from 2020 to 2027
Radio Frequency Front End Market size was valued at $18.8 billion in 2021, and is projected to reach $69.9 billion by 2031, growing at a CAGR of 13.8% from 2022 to 2031
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/network-attached-storage-market-to-reach-96-1-billion-globally-by-2032-at-14-56-cagr-allied-market-research-301981755.html
Voltar noticias em Inglês