Network Attached Storage Market, is predicted to touch USD 44,595.7 Million at a 20.08% CAGR between 2018- 2023,
Reveals the latest Market Research Future (MRFR) report. The strong market growth is due to the burgeoning need for secured data storage devices for various end-use applications.
The business impact of SARS-CoV-2 has been felt across diverse sections of the information technology industry, albeit at different levels. Companies in the technology sector that supply services for verticals like travel, retail, hospitality, and entertainment have noted a dramatic decrease in sales, while the firms that provide services related to remote worker solutions have observed the opposite. Network-Attached Storage ’s fate post pandemic has been relatively less grim compared to Education Services (ES) and Professional Services (PS) that are mostly dependent on components that are generally on-site. Novel coronavirus has Network-Attached Storage to open new avenues for those firms that are on the lookout for solutions that are reliable, efficiently managed, scalable, and are subscription-based, to remain more focused on the core business. The Network-Attached Storage is bearing lesser impact of the COVID-19 outbreak compared to most other segments of the tech world.
In a nutshell, COVID-19 impact on managed services has been fruitful, with the market growth enhanced than before. Given the prevalent lockdown situation, managed services vendors are now investing heavily in remote-centric worker solutions, which can make the market highly resilient in the coming years, even as the world is currently rushing to achieve a COVID-19 breakthrough.
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Among these, the IT & telecommunication segment dominated the global NAS market followed by BFSI and retail verticals.
The market, by vertical, has been segmented into BFSI, retail, media & entertainment, government, IT & telecommunication, healthcare, manufacturing, energy & utilities and, others.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The market, by product, has been segmented into high-end/enterprise NAS, midmarket NAS, and low-end/desktop NAS. The high-end/enterprise NAS segment accounted for the largest market share in 2017, followed by the midmarket NAS segment which is projected to register the highest CAGR during the forecast period.
Some of the prominent players in the global network-attached storage are Dell EMC (US), HPE (US), IBM Corporation (US), Hitachi Vantara Corporation (US), Netapp Inc. (US), Seagate Technology Public Limited Company (Ireland), Cisco Systems Inc. (US), Western Digital Corp. (US), Netgear Inc. (US), QNAP Systems Inc. (Taiwan), Synology Inc. (Taiwan), Buffalo Americas Inc. (Japan), and Space Monkey (US).
The global Network Attached Storage Market Trends has been affected due to the lockdown across the regions. This pandemic situation has hampered the Network Attached Storage Market Growth as well as its productivity, supply chain, and others. Moreover, the global market has lost its investors due to the increasing loss for the products, supply, transportation, workforce, and others. However, in the meantime, the key market players have implied various strategic techniques to boost global market growth. Thus, to meet the global market demands, the global market increased its speed in producing more valuable products for its intended customers. Recently, the global market has stabilized its position in the global market and is expected to register a higher Network Attached Storage Market Size for the forecast period.
Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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List of Tables
TABLE 1 LIST OF ASSUMPTIONS 27
TABLE 2 GLOBAL NETWORK-ATTACHED STORAGE (NAS) MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 36
TABLE 3 GLOBAL NETWORK-ATTACHED STORAGE (NAS) MARKET, BY STORAGE SOLUTION, 2020–2027 38
List of Figures
FIGURE 1 MARKET SYNOPSIS 15
FIGURE 2 GLOBAL NETWORK-ATTACHED STORAGE (NAS) MARKET SHARE, BY REGION (%), 2020 16
FIGURE 3 GLOBAL NETWORK-ATTACHED STORAGE (NAS) MARKET: MARKET STRUCTURE 18
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