The global Network-Attached
Storage Market is expected to be worth USD 45.21 Billion by 2023,
growing at a CAGR of 20.1% from 2017 to 2023.
For secure data storage and features such as
file-based storage and multiple client access are the reason for the adoption
of NAS devices across various end-user industries and hence propelling the
growth of the NAS market. Following to this, increasing dependence on digital
content being stored in the cloud environment by SMBs, the proliferation of
social media content along with high-speed data transfer technologies such as
4G & 5G and the need for a large amount of secure data storage devices for
video surveillance application is further driving the growth of the
network-attached storage market.
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Scale-out NAS is expected to hold the largest market
share in 2023
The network-attached storage market for scale-out
storage solution is expected to hold the largest market share in 2023. In
scale-out NAS system, the capacity of the device can be expanded by adding
clustered nodes to store and manage data. With the capacity of the scale-out
array, its performance increases, and at the same time, there is a change in
the overall system with the addition of nodes. With additional features to
upgrade the storage capacity, scale-out storage solution–based NAS devices have
been considered as an alternative to scale-up storage solution based–NAS
devices.
Network-attached storage market for the healthcare
sector to witness the highest growth rate from 2017 to 2023
The NAS market for the healthcare end-user industry
is expected to grow at the highest rate during the forecast period. The
healthcare industry comprises healthcare services and facilities, medical
devices suppliers and manufacturers, medical insurance, and pharmaceuticals.
These organizations need to keep the record of the patients. To keep track of
the patients, the healthcare organizations use NAS devices. These devices
enable the organizations to keep records and to analyze and keep track of
patients’ history.
North America leads the network-attached storage
market in terms of market size
North America, being the early adopter of advanced
data storage technologies, held the largest share of the NAS market in 2016,
followed by Europe and APAC. Every industry in North America is being digitized
and demands advanced data storage solutions. This is the major reason behind
its largest share in the network-attached storage market.
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The companies that are profiled in the report are
Dell EMC (US), NetApp, Inc. (US), Hewlett-Packard Enterprise Company (US),
Hitachi Data Systems Corporation (US), Western Digital Corporation (US),
NETGEAR, Inc. (US), Synology, Inc. (Taiwan), Buffalo Americas (US), Seagate
Technology PLC. (US), and QNAP Systems, Inc. (Taiwan).
This report describes the market trends, drivers,
restraints, opportunities, and challenges for the network-attached storage
market and forecasts the market up to 2023. The report also includes the vendor
DIVE matrix of the market, along with a detailed view of the market across 4
major regions: North America, Europe, Asia Pacific, and Rest of the World
(which includes the Middle East and Africa [MEA] and South America). The report
profiles the 10 most promising players in the NAS market.
