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Network-Attached Storage (NAS) is an advanced storage device that help users to share and save files quickly and directly with minimum storage management. This advanced device is based on internet protocol (IP) services which is attached to a local area network. NAS devices deal with unstructured data, such as images, audio, video, text files, websites, Microsoft office documents, and others. NAS devices are perfectly compatible and operable with Mac, Windows, Linux, UNIX and other operating systems. NAS devices offers many benefits such as it supports complete access to data and information, helps to improve efficiency and flexibility, provides centralized storage service, and others. Additionally, rising adoption of entertainment systems in households is playing an important role to drive the growth of NAS market. According to a report issued by Motion Picture Association Of America, Inc., the global entertainment market has reached a market revenue of US$ 40.6 Bn by the end of 2017 with up to 5% hike from the previous year.
With a huge volume of data being downloaded for custom entertainment systems and rising demand to save and share digital content between multimedia devices, such as smartphones, tablets and laptops, the demand for NAS systems for home-based applications is also witnessing a surge. Further, global players in this market are planning to expand their business portfolio by introducing new product lines. For instance, in May 2017, Western Digital Corporation announced extension of their WD Red and WD Red Pro NAS hard drives line with introduction of 10TB capacity models. This introduction of a new product line by the company would enhance the use of NAS system in personal, home and small to medium enterprises.
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Key players operating in the global network-attached storage (NAS) market are NETGEAR, Inc., Synology, Inc., Buffalo Americas, Seagate Technology PLC., Dell EMC, Hewlett-Packard Enterprise Company, Hitachi Data Systems Corporation, QNAP Systems, Inc. and NetApp, Inc., among others.
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· 2 Bays
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· 10 Bays
By Storage Models
· Disk Models
· Disk-less Models
By End Users
o Small and Medium Enterprises
o Large Enterprises
By Deployment Type
· On Cloud
· On Premises
· North America (the USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Globally, North America is estimated to lead the global network-attached storage market during the forecast period. The growth in this region is mainly due to the early adoption of advanced storage technologies by large enterprises combined with fast growing digitalization through several end-use industries. Also, with the fast development of e-commerce market in the area, specifically in the U.S., the custom demand for NAS solutions and services in the region is likely to grow at a decent CAGR between 2019 to 2026.
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