Network Attached Storage Market 2022 will Hit the Big Revenue in Future | Strategic Overview, Economic Growth, Emerging trends and Forecast till 2030

Multi Cloud Networking Market
Multi Cloud Networking Market

The global Network Attached Storage (NAS) market size reached USD 22.48 Billion in 2021 and is expected to register a revenue CAGR of 12.2% during the forecast period, according to latest analysis by Emergen Research. Increasing data generation with rising utilization of mobile computing devices is a key factor driving market revenue growth.

NAS systems are rapidly gaining recognition as an efficient, scalable, affordable storage alternative among large and small businesses in a wide range of industries. NAS offers consumers complete control while being faster, more affordable, and capable of giving all the advantages of a public cloud on-premises. Flexible deployments in addition to easy recovery in the event of a hard drive failure or any malfunction are few of the factors driving revenue growth of the market. Data is always accessible with a NAS owing to non-dependability on Internet Service Providers (ISPs), making it simple for employees to communicate, reply to clients promptly, and follow up on sales or other concerns because all information is in one location.

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The Network Attached Storage industry is segmented in this report based on manufacturers, regions, product types, and applications. The study can help understand the industry and define progress strategies for the company / key players. Provides a detailed analysis of new entrants or existing competitors in the Network Attached Storage industry, ranging from industry positioning and marketing channels to potential growth strategies.

NetApp, Hewlett Packard Enterprise Development LP, Western Digital, Dell Inc., Hitachi, Ltd., NETGEAR, Synology Inc., Seagate Technology LLC, QNAP Systems, Inc., and IBM.

Some Key Highlights from the Report

  • The enterprise segment is expected to register the highest revenue growth rate over the forecast period owing to rising need for high storage capacity by various organizations and the ability to share vast volumes of file data including Virtual Machine (VM) images. Enterprise NAS devices can provide petabytes of storage, support thousands of client computers, and enable quick access and clustering capabilities.
  • The scale-out segment is expected to register the highest revenue CAGR over the forecast period. Scale-out storage design offers non-disruptive operations, benefits from the improved price and performance of clustered components, and makes use of policy-based management for more effectiveness and agility. Scale-out NAS is an affordable storage solution because of the value it offers. With the ability to adapt to shifting business demands, control costs and complexity, and maximize resources, scale-out storage addresses the shortcomings of earlier scale-up structures.
  • IT & Telecommunications segment accounted for a significant revenue share in 2021. IT & telecommunications segment accounted for a significant revenue share in 2021. Growing data consumption owing to the high utilization of cloud services and technologies such as Artificial Intelligence (AI) and Machine Learning (ML) is rising demand for NAS devices.

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Emergen Research has segmented the global Network Attached Storage (NAS) market on the basis of product, storage, industry, and region:

  • Product Outlook (Revenue, USD Billion; 2019-2030)
    • Enterprise
    • Mid-market
    • Low-end
  • Storage Outlook (Revenue, USD Billion; 2019-2030)
    • Scale-out
    • Scale-in
  • Industry Outlook (Revenue, USD Billion; 2019-2030)
    • Banking, Financial Services and Insurance (BFSI)
    • Government
    • Retail
    • IT & Telecommunications
    • Automotive
    • Healthcare
    • Others

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The report covers brief analysis of the impact of the Covid-19 outbreak on the Network Attached Storage Market. The prolonged lockdown and disrupted supply chain across coupled with strict restrictions on international trade have a severe impact on the Network Attached Storage Market growth. The Covid-19 pandemic increased the prices of raw materials and changed customer preferences.

What Questions Should You Ask before Buying a Market Research Report?

  • How is the Network Attached Storage market evolving?
  • What is driving and restraining the Network Attached Storage market?
  • How will each Network Attached Storage submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2030?
  • How will the market shares for each Network Attached Storage submarket develop from 2022 to 2030?
  • What will be the main driver for the overall market from 2022 to 2030?
  • Will leading Network Attached Storage markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
  • How will the market shares of the national markets change by 2030 and which geographical region will lead the market in 2030?
  • Who are the leading players and what are their prospects over the forecast period?

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You need to discover how this will impact the Network Attached Storage market today, and over the next 10 years:

  • Our 250-page report provides 194 tables and 189 charts/graphs exclusively to you.
  • The report highlights key lucrative areas in the industry so you can target them – Now.
  • It contains in-depth analysis of global, regional and national sales and growth.
  • It highlights for you the key successful trends, changes and revenue projections made by your competitors.

This report tells you Today how the Network Attached Storage market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.

Thank you for reading our report. Customization of the report is available according to the requirements of clients. In case of further queries about the report, do get in touch with us. Our team will make sure your report is tailored according to your needs.

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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