Network Attached Storage Nas Market | Contrive Datum Insights

Market Overview:

Network Attached Storage Market Size Valued At USD 32.29 Billion In 2022 And USD 121.21 Billion By 2030 With CAGR Of 17.98% Between 2022 And 2030.

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NAS is a hard drive that is connected to a network and used to store and share files. It can be reached by using a network address. It works as a server for sharing files, but it doesn't let you do things like send emails or log in. It also makes it easy to add more storage space to networks that are available, whether the system is on or off for maintenance. Network-attached storage is a system that has been built and is mostly made for large networks that can handle millions of transactions per minute. Network-attached storage is a way for businesses that need a reliable network system to store files.

NAS makes it possible for different clients, authorized network consumers, and authorized network users to access and store data from a central location. The network-attached storage (NAS) devices store and share data for multiple computers, which can be accessed remotely. NAS systems can be used for consumer-level applications like home backups, mail servers, media streamers, video surveillance recorders, and website hosting. These systems are easy to set up and offer an affordable way to store and back up data.

Network-attached storage and Storage Area Networks are the two main types of networked storage (SANs). NAS takes care of unstructured data like text files, music, web pages, video, and Microsoft Office documents. Block storage in databases, also called "structured data," and block storage for corporate applications are what SANs are mostly made for. NAS systems are becoming more and more popular as an effective, scalable, and inexpensive way for businesses of all sizes to store data. NAS is faster, cheaper, and gives users full control over their data while giving them all the benefits of a public cloud on-premises.

COVID-19 Impact:

Because of COVID-19, many companies started letting their employees work from home. As a result, there was a big increase in the need for cloud-based solutions. The spread of data use has also been sped up by the epidemic. Key suppliers are making new storage facilities to meet the growing demand for network-attached storage (NAS) solutions around the world. During the COVID-19 epidemic, there was more traffic on the internet, so there was more demand for network-attached storage (NAS) solutions. After the lockdown was made official, the amount of internet traffic in European countries went up by 20% in 2021. Because of this, there was a huge increase in the sales of network-attached storage (NAS) solutions.

Demand for network-attached storage (NAS) hardware has gone down because of problems in the supply chain and more international trade. This means that exports were limited because many governments shut down trade around the world. In addition, companies have raised their prices because they can't get enough raw materials and have to stop making things. After the COVID-19 epidemic, more people need to store more data, so sales of network attached storage (NAS) solutions are going up.

Market Dynamics:

Market Trends:

Current trends in the network-attached storage (NAS) market, such as the availability of pay-as-you-go NAS solutions and SaaS models, in which service providers also take care of keeping data and application information up to date, are making these solutions more popular.

T-Mobile USA, Inc., Nokia Corporation, AT&T, Telefonaktiebolaget LM Ericsson, and Telefonica S.A. are among the companies that have put money into 5G service installations. More money being put into 5G technology and the sale of millions of gadgets are driving the need for network-attached storage (NAS) solutions and the growth of smart cities, manufacturing, and agriculture.

A lot of data is also made when smart applications, like smart city projects and smart homes, are connected to the cloud. The market share of network-attached storage (NAS) has grown because more connected smart devices are being sold around the world and more people are getting online. Network-attached storage (NAS) solutions are selling more because they reduce the amount of money businesses have to spend on capital to set up the infrastructure they need.

Driving Factors:

• Increased Availability of Remote and Virtual Office Environments 

As a result of COVID-19, there are more remote and virtual office environments. Business continuity planning and the need to give employees remote access to corporate networks are also driving the demand for Network Attached Storage. On-premise network attached storage and cloud storage interface are expected to become more popular around the world. This is because the user has full control over the data in the network attached storage and can also back up and archive the data in the cloud. Several companies are adding popular cloud storage services, like Amazon S3, to the current network-attached storage system to make it easier to manage storage.

• Growing Reliance of Small and Medium-Sized Businesses on Digital Content Hosted in the Cloud Environment

Small and medium-sized businesses are becoming more dependent on digital content hosted in the cloud, which is expected to increase the demand for network attached storage over the next few years. Also, the network attached storage market is growing around the world because more and more people are using social media content and high-speed data transmission technologies like 4G and 5G. Data security and privacy are very important for the servers and hardware of networked storage systems. The network attached storage market, on the other hand, isn't growing as fast as it could because more and more people are worried about cyberattacks and data breaches on servers and hard drives.

• Rising Data Generation with Surge in Use of Mobile Computing Devices

Personal computers (PCs) or business desktops were once the main sources of data. Smartphones, laptops, and tablets are now essential to life because of how fast the world is getting smaller and how people's lives and work are changing. The number of people using these devices has grown quickly around the world. This shows that digital devices are more popular than ever. In the same way, as technology has improved, many new gadgets have come out, such as Alexa, consumer wearables, smart gadgets, 3D smart glasses, and augmented and virtual reality (AR/VR) products. Using different apps, making financial transactions, shopping online, etc., these devices create a lot of data. Most people spend between 5 and 6 hours a day using mobile apps. This makes more data and more internet use, which leads to the exponential growth of "big data" and makes more people want NAS solutions.

Restraining Factors:

• Performance-Related Issues Associated with Network-Attached Storage (NAS) Systems

NAS solutions aren't as popular as Storage Area Network (SAN) and Direct Attached Storage (DAS) because they don't work as well and it's hard to increase their capacity (DAS). The NAS only has so many resources, so if more people try to use it at once, it will slow down and cause problems with how it works. Due to the need for NAS protocols like Server Message Block (SMB) and Network File System (NFS), these systems can't grow or shrink quickly (NFS). Due to high latency and low throughputs, these protocols are not fast enough for high-performance applications. The NAS also needs a network, and files are shared through a Local Area Network (LAN). This LAN network sends data from one place to another by breaking it up into pieces and sending them to different terminals. But if any of the data packets are late or sent out of order, the file might not open right.

• Concerns Regarding Cyber-attacks and Data Breaches on Servers and Hard drives

Network-attached storage is a type of storage that is connected to a network and gives computer systems access to files. These things are made up of systems for storing files and documents. Cyber attackers could try to get to this data that has been stored. Data security and privacy are important parts of the servers and hardware for network attached storage systems. For example, a study by Palo Alto Networks Inc. researchers found that cyber-attacks could happen on about 240,000 QNAP Systems NAS devices and about 3,500 Synology NAS devices in August 2021. But, according to the Synology Report, the cyberattacks were done using the brute force method. To stop these kinds of attacks, Synology worked with the Taiwan computers emergency response team center (TWCERT/CC). Through this partnership, Synology made sure that all users knew how to improve security to keep user data safe.

Opportunities:

• Increasing Adoption of Hybrid Cloud Storage

More people using the internet means that there are more and more unstructured data sets. This kind of data is made up of audio files, videos, or pictures. But it has become hard to store this information in a safe and secure way. With the amount of data being made so quickly, cloud storage has become a must. Traditional NAS devices and cloud storage are both parts of a hybrid NAS solution. They make it possible to create a virtual database where information can be stored in a single volume and accessed from anywhere. This makes replication, remote mirroring, and the security of data better. It also makes it possible to compress data to save space. With the help of hybrid NAS, businesses can share and manage their important data in a smooth way. As the amount of data grows, customers and businesses are becoming more interested in using hybrid NAS.

Challenges:

• Lack of Proper Infrastructure to Secure Data

As the world moves toward digitization, data is becoming a new and valuable asset. Increased data volume has put pressure on businesses to build the right infrastructure to protect and use the data they produce. If the infrastructure is not right or is not enough, there is a chance that data will be lost or stolen. Enterprises sometimes have to pay more to set up the right infrastructure. But as the need for data security grows, organizations are being forced to plan for the right infrastructure investments.

Also, policies like "work from home" and "hybrid work" make it hard for IT teams to set up the infrastructure that would make business operations run smoothly no matter where the users are. So, the lack of the right infrastructure is a big problem for the NAS market. To get around this problem, organizations need to put money into improving their infrastructure.

Strategic Development:

• In September 2021 - Amazon Web Service, Inc., a subsidiary of Amazon.com, Inc., teamed up with NetApp Inc. to make the Ontap storage service with the Amazon FSx managed file system available to everyone. It let customers use the cloud to run fully managed NetApp ONTAP file systems.
• In January 2020 - QNAP Systems, Inc. joined forces with Cayin Technology, a company that makes digital signage solutions. Through this partnership, the companies want to offer the Cayin content management system station service on QNAP NAS solutions.
• In October 2019 - Western Digital launched storage solutions for home offices and small businesses that use WD Red SSDs. The performance in a hybrid environment is improved by the solution.
• In July 2021 - Enterprise storage solutions provider Infortrend Technology, Inc. released a scale-out NAS SSD U.2 solution for the EonStor CS data storage family. The new scale-out solution offers high performance for low-latency workloads like high-performance computing, media and entertainment, Big Data, and others.

Key Vendors:

• Dell Technologies Inc. (U.S.)

Dell Technologies Inc. sells products for computers. The company sells laptops, desktops, tablets, workstations, servers, monitors, printers, gateways, software, storage, and networking products. Dell Technologies has clients all over the world.

• Western Digital Corporation (U.S.)

Western Digital Corporation is a global company that helps people collect, store, manage, protect, and use digital content, like audio and video, in a variety of ways. The company makes hard drives, solid-state drives, and products for home entertainment and networking.

• Synology

Synology Inc. is a Taiwanese company that makes storage devices that connect to a network. Synology's line of NAS is called DiskStation for desktop models, FlashStation for all-flash models, and RackStation for rack-mount models.

• QNAP Systems

QNAP Systems, Inc. is based in Taipei, Taiwan, and offers a wide range of cutting-edge Network-attached Storage (NAS) and video surveillance solutions that are easy to use, secure, and scalable. QNAP makes high-quality NAS products for home and business users, including solutions for storage, backup/snapshot, virtualization, teamwork, multimedia, and more. QNAP wants NAS to be more than "simple storage," so it has made a lot of NAS-based innovations to get people to host and develop solutions for the Internet of Things, artificial intelligence, and machine learning on their QNAP NAS.

• NetApp, Inc. (U.S.)

NetApp, Inc. provides storage and data management solutions. The company's storage solutions include specialized hardware, software, and services for managing storage in open network environments. NetApp works with businesses, universities, and government agencies all over the world.

• Hewlett Packard Enterprise Company (HPE) (U.S.)

Hewlett Packard Enterprise Company offers solutions in the field of information technology. The company offers enterprise security, analytics and data management, application development and testing, data center care, cloud consulting, and business process services. Hewlett Packard Enterprise works with clients all over the world.

• Hitachi, Ltd. (Japan)

Hitachi Ltd., or Hitachi, is a multinational company with interests in information technology, electronics, power systems, social infrastructure, industrial systems, and construction machinery. The company makes and sells information and telecommunications systems, power systems, social infrastructure and industrial systems, construction equipment, electronic systems and equipment, automotive systems, and smart life and eco-friendly systems.

• Seagate Technology Public Limited Company (PLC) (U.S.)

Computer hardware is sold by Seagate Technology Holdings Public Limited Company. The company designs, makes, and sells hard disk drives for enterprise applications, client compute applications, client non-compute applications, personal data backup systems, portable external storage systems, and digital media systems.

• ETGEAR, Inc. (U.S.)

NETGEAR, Inc. is a company that works in computer networking. The company sells networking products like WiFi routers, cable modems, extenders, USB adapters, switches, powerline, digital canvas, and more. NETGEAR works with businesses, consumers, and service providers all over the world.

• Buffalo Americas, Inc. (U.S.)

Buffalo Americas Inc. is a leading global provider of award-winning networking, storage, and multimedia solutions for homes, small businesses, and system builders and integrators. The company is based in Austin, Texas. With almost 30 years of experience in networking and computer accessories, Buffalo has shown that it is dedicated to providing innovative, best-of-breed solutions that have put the company at the top of infrastructure technology.

Segmentation Analysis:

The market is segmented on the basis of product type, storage solution, end-user and regions.

By Product Outlook:

Buffalo Americas Inc. is a leading global provider of award-winning networking, storage, and multimedia solutions for homes, small businesses, system builders, and integrators. The main office of the company is in Austin, Texas. With almost 30 years of experience in networking and computer accessories, Buffalo has shown that it is committed to providing innovative, best-of-breed solutions that have put the company at the top of infrastructure technology. It is expected that the low-end products will grow the most in developing countries like India, China, and Brazil. Also, high-end enterprise products are expected to grow steadily around the world, with the most growth in North America and Europe, which are part of the developed world.

• High-end/Enterprise
• Midmarket
• Low-end

By Storage Solution:

The network attached storage market is split into scale-out and scale-up based on how storage solutions are used. Scale-up solutions are expected to have the biggest market share over the next few years because businesses around the world need more space to store data.

During the period of the forecast, the scale-out storage solution is expected to grow at the fastest rate. This is mostly because more and more advanced Scale-out solutions are being made. These solutions allow for better performance and use better efficiency and agility.

• Scale-up NAS
• Scale-out NAS

By End-User:

By end-user, the market is divided into healthcare, banking, financial services, and insurance (BFSI), IT & telecom, retail & e-commerce, automotive, and others (government, energy & utilities, media & entertainment, and others.

Due to a rise in ICT infrastructure investments and ICT spending by businesses, the IT and telecom sector is the most important in the business world. According to a report by IDC, the world will spend USD 4.8 trillion on ICT in 2021.

The retail and online shopping industries are growing steadily on the global market. Due to a rise in the number of customers generating a lot of data, e-commerce companies are putting a lot of money into the market. The market grows because there are more and more E-commerce companies and more and more people are shopping online. For example, every day there are between 12 and 24 million more e-commerce sites around the world. Because there are more e-commerce companies and more people are shopping online, there is a need for NAS solutions that can store a lot of customer data.

• Banking, financial services, and insurance (BFSI)
• Healthcare
• Retail & e-commerce
• IT & Telecom
• Automotive
• Others (Energy & Utilities, Media and Entertainment, Government, and others)

Regional Insights:

During the next few years, North America will have the largest share of the market. This is mostly because of a few big companies, like Buffalo Americas Inc., Dell Technologies Inc., Hewlett Packard Enterprise Company, Western Digital Corporation, etc. The market is growing because private and public companies in the area are putting more money into wireless technology. Cellular Telecommunications Industry Association (CTIA) says that in 2019, wireless technology companies in the US spent about $29.1 billion. Several telecom companies also have plans to build 5G networks all over the country. It has led to a need for more advanced storage solutions to store the huge amounts of data made by wirelessly connected devices.
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During the time frame of the forecast, Europe is expected to grow at a fast rate. This is because there are more connected devices than ever before and a lot of data is being made. Europe also has the highest rate of fixed broadband connections. This is because businesses and consumers are becoming more and more digital. According to a report from the International Telecommunication Union (ITU) for 2020, the number of fixed broadband subscriptions in Europe is the highest. The International Telecommunication Union (ITU) says that in 2020, fixed broadband penetration in Europe was 32.9%, which was higher than the global average of 15.2%. The number of people using the internet around the world is growing, and the number of people getting fixed broadband connections from central places in European countries is going up. This has made more people want network attached storage products and solutions.

During the forecast period, Asia Pacific is expected to grow at a high CAGR and offer good opportunities for market growth. This is mostly because more and more people are using connected devices like smartphones. All over the world, IoT devices drive market growth. A report from GSMA Intelligence says that sales of IoT devices in the APAC region will reach 11 billion units and be worth $386 billion by the year 2025. This rise in IoT connectivity is likely to create good chances for the market to grow.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Scope of Report:

Conclusion:

• The network-attached storage market research report gives a detailed look at the market and focuses on important things like the top companies, types of products, and main uses of the product. Some of the research in the market study was done just for certain parts of the market.
• Aside from this, the report also talks about market trends and shows how the industry has changed in important ways.
• In addition to the things above, the report also talks about a number of other things that have helped the advanced market grow in recent years. You can get a free taste of the information from the company.