The global network-attached storage market revenue was around US$ 25.6 billion in 2022 and is estimated to reach US$ 96.1 billion by 2032, growing at a compound annual growth rate (CAGR) of 14.6% during the forecast period from 2023 to 2032.
Network-attached storage market development shows heterogeneous clients approved network users and the capability to retrieve and store data from a central place. NAS systems are now necessary for data backup methods in addition to allowing remote work. A dependable and strong backup solution is crucial given the rising amounts of essential data that both enterprises and individuals are producing.
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Factors Influencing Market Growth
– The network-attached storage market is anticipated to notice notable growth because of the surge in the usage of mobile computing devices with increasing data generation and driving the demand and growth of NAS devices and related solutions.
– The performance-related issues related to network-attached storage (NAS) systems restrict the growth of the network-attached storage market.
– The surge in demand for hybrid cloud storage is anticipated to provide a lucrative opportunity for the network-attached storage market during the forecast period.
Impact of COVID-19
The COVID-19 pandemic has presented both opportunities and challenges for the network-attached storage market. While supply chain disturbances have led to delays and other problems for some manufacturers, the augmented demand for network-attached storage has created new opportunities for development and growth in the industry.
In 2022, North America dominated the global network-attached storage market in terms of revenue. The region has noticed the rise in demand for NAS solutions due to expanded connected devices, digital infrastructure, the volumes of data from enterprises, and the growing adoption of artificial intelligence (AI)-based solutions. Also, NAS plays a necessary part in the data center storage space. Therefore, the presence of large numbers of data centers in the U.S. demonstrates to be one of the necessary factors for the sale of NAS across the region.
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Asia Pacific is expected to grow at the highest growth rate during the forecast period. This positive growth rate is anticipated due to the rising capacity volume within the decentralized storage networks, with hundreds of petabytes being onboarded, which might increase demand for the network-attached storage market.
The leading prominent companies profiled in the global network-attached storage market are: –
– Dell Technologies
– NetApp, Inc.
– Hitachi Ltd.
– Western Digital Corporation
– Seagate Technology PLC
– Netgear Inc.
– Synology Inc.
– IBM Corporation
– Buffalo Technology
– Hewlett Packard Enterprise Development LP.
– Other prominent key players
The global network-attached storage market segmentation focuses on Storage Solution, Product, Industry Vertical, and Region.
Segmentation based on Storage Solution
– Scale up (NAS)
– Scale-out (NAS)
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Segmentation based on Product
Segmentation based on Industry Vertical
– Retail and E-commerce
– IT and Telecom
Segmentation based on Region
– North America
– The U.S.
– Rest of Europe
– South Korea
– Rest Of Asia-Pacific
– Latin America
– Middle East
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Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
Key Questions Market Research and Analysis Report
What is the current market size, both in terms of value and volume?
What is the historical growth rate of the market, and what are the projected growth rates for the future?
Who are the major players in the market, and what is their market share?
What are the market trends and dynamics influencing the industry?
What are the key drivers of market growth?
What are the challenges and barriers faced by market participants?
What are the emerging opportunities in the market?
What is the competitive landscape of the market?
What are the consumer preferences, behaviors, and buying patterns within the market?
What is the market segmentation, and how are different market segments performing?
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(*Note: The historical years and projected period in the report are flexible and can be tailored upon request. Additionally, the scope of the published report is adjustable to meet specific requirements, and customized analyses based on particular geographies or countries can be included as part of the customization.)
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