Network-Attached Storage Market Size, Share and Global Trend By Design (1 Bays, 2 Bays, 4 Bays, Others), By Storage Models (Disk Models, Disk-less Models), By End Users (Personal, Commercial/Enterprises), By Deployment Type (On Cloud, On Premises), and Geography Forecast till 2026

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 Covered

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.

SEGMENTATION

Regional Analysis

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.

Key Industry Developments

• February 2018: IBM Corporation proficiently upgraded their software defined storage (SD storage) solutions. This upgradation would offer to store the file directly to its SD-storage line-up with help of spectrum NAS. This new upgraded product helps to targets organizations workloads and capacity that currently operate on traditional network-attached storage (NAS) servers.
• January 2019: Buffalo Americas, Inc. launched a new NAS series, ‘TeraStation 5010 series’. It is precisely developed with an advanced 12-bay rackmount TS51210RH model. The new model is deployed with removal hard drives and provides much better performance than the tradional one.