The Network Attached Storage (NAS) network storage implements data transmission based on standard network protocols and provides file sharing and data backup for computers with various operating systems. NAS is suitable for users who need to transfer file data to multiple clients via the network. NAS devices can work well in environments where data must be transmitted over long distances. It is straightforward to deploy and make NAS hosts, clients, and other equipment widely distributed in the enterprise’s network environment. NAS can provide reliable file-level data integration as the device itself handles file locking.
The global network-attached storage (NAS) market size was valued at USD 18.72 billion in 2019 and anticipated to reach by USD 58.56 billion by 2027, growing at a CAGR of 13.79% during the forecast period, 2020-2027. The major factors are the growing unstructured data generated from smartphones, PCs, laptops, tablets, and others. Additionally, the rapid adoption of 4G and 5G technologies, and creating high-volume digital content will spur the global network-attached storage industry in the future periods. The swelling footprint of scale-out NAS in enterprise IT systems, and focus on network virtualization and software-defined NAS is anticipated to fuel the growth of network-attached storage (NAS) market across the globe in the coming years. Further, the large enterprises are witnessing the upsurge in the volume of data; thereby, there is the rising demand for NAS systems to meet the rapidly evolving network demands such as high performance and scalability.
Moreover, the mounting demand from small and large businesses for effective and efficient solutions for storing, managing, and accessing content across the networks will propel the growth of the global network-attached storage (NAS) market share. The increasing adoption of remote & virtual office environments across the world, and the growing demand of NAS to provide remote access to corporate networks to employees is strengthening the market growth. The rising popularity of NAS for a residential and small office or home office environments are expected to witness remarkable growth in the analysis timeframe. Further, the surge in the usage of Big Data analytics and data mining applications in enterprises to making storage challenges more significant in scale is positively impacting the demand.
The number of data increases, data query, storage, and analysis will increasingly rely on high-performance, highly scalable storage and processing equipment. Traditional scale-up (vertical expansion) architecture storage is not only challenging to meet the high-performance requirements for scalability and easy deployment management. At the same time, capacity expansion may also cause performance degradation, which cannot meet the expansion requirements for linear upgrades in storage capacity and performance.
NAS overcome the limitations of physical racks and modules and can be used as a single system to independently increase performance and capacity by adding controllers or capacity nodes to increase the return on IT investment. It solves the disadvantages of a traditional single system and modular system that require physical disk-level management, data layout, and performance tuning.
According to the United States, Wireless Industry Association (CTIA), the 4G LTE network provides an average connection speed of 10-20 Mb/s and downloads a movie of about two hours. 4G takes 6 minutes under ideal conditions, and 5G takes only 3.6 seconds. The higher the frequency, the more data and information can be transmitted; the lower the rate, the smaller the loading capacity, and the limited speed. In other words, 4G adopts the inherent limitation of low frequency, which is the main reason why 5G has to develop, and speed is the second. 5G technology is the first to be applied in five major industries, including ultra-high broadband personal consumption, Internet of Vehicles, remote control, industrial Internet, and urban agents. Specifically, it includes autonomous driving, 8K ultra-high-definition video, and ultra-horizon networked drones.
Recently, the outbreak of COVID-19 has forcefully affected the economics of developed and developing countries globally. The rise in the number of people working from home has resulted in the rise in demand for NAS in online video viewing, downloading, and communication through video conferencing, all of which are led to augmented network traffic and data usage. The pandemic COVID-19 across the world will accelerate the demand for agile and flexible work styles and pushing towards the adoption of communication services that tend to improve work-life balance.
Based on the design, the global network-attached storage (NAS) market segregated into 1-bay to 8-bay, 8-bay to 12-bay, 12-bay to 20 bay, and More than 20 bays. 1-bay to 8-bay segment held for a significant market share in 2019 and is expected to exhibit the highest growth rate of 2020 to 2027. It is due to the surge in adoption of 1-bay to 8-bay NAS solutions in small and medium-sized enterprises, homes, education, research centers, media and entertainment companies, and business and consulting service providers.
The more than 20 bays segment is poised to witness significant growth over the forecast period. It is due to more than 20 bays used by large-scale enterprises requiring massive storage, processing, and data recovery capacity.
By the product, the global network-attached storage (NAS) market bifurcates into enterprise NAS solutions and midmarket NAS solutions. The midmarket NAS solutions segment estimated to witness the highest growth over the analysis timeframe due to the growing use of smart devices such as smartphones and tablets led to the upsurge of digital media and consumers use NAS systems for home surveillance solutions, backup systems, and media streaming devices.
The enterprise NAS solutions will grow at a significant rate during the forecast period. Due to the deployment of NAS in small and medium businesses, it facilitates the reduction in ownership cost to the enterprise.
Based on the storage solution, the global network-attached storage (NAS) market bifurcates into scale-up, and scale-out. The scale-up is projected to expand at a higher CAGR from 2020 to 2027. It is attributed to the scale-up type of NAS solutions deployed in various industries, including small and medium-sized offices, educational institutions, homes, and hotels; they generate a moderate volume of data.
Based on the deployment type, the global network-attached storage (NAS) market classified into on-premise, hybrid, and cloud. The hybrid segment likely to capture the highest revenue share for network-attached storage (NAS) during the forecast period. The growth of the segment primarily attributed to the shifting toward hybrid deployment models. It is increasing in various companies for keeping backup of the crucial data to avoid the loss of critical information in the case of any damage.
The cloud will witness a lucrative growth rate in the projected period due to the growing popularity of cloud-based NAS systems, and these systems are used for data backups & archiving. It can be accessed at any time from any place.
Based on the end-user industry, the global network-attached storage (NAS) market segmented into BFSI, consumer goods and retail, telecommunications, and ITES, healthcare, energy, government, media and entertainment, manufacturing, and others. The BFSI segment will dominate the global network-attached storage (NAS) market by 2027. Due to the NAS provides secured data storage with cost-effective and scalability options.
The media and entertainment accounted for the largest share of the network-attached storage (NAS) market in 2019 on account of NAS devices that back up the data of personal computers and smart devices and for data security, with easy search and share options for the data.
Based on geography, the global network-attached storage (NAS) market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America occupied a significant market share in the overall global market in 2019. It is owing to the presence of large technology companies, increased adoption of centralized storage systems across businesses and smart homes, and early adoption of advanced analytics solutions involving huge data storage requirements.
The Asia Pacific will capture a prominent share of the network-attached storage (NAS) market by 2027. Due to the presence of numerous small and mid-scale companies in the region and growing adoption of SSD drives and NAS for increased security and protection of data against any breach.
Companies such as Dell Technologies Inc., NetApp, Inc., Hewlett Packard Enterprise Company (HPE), Hitachi, Ltd, WESTERN DIGITAL CORPORATION, Seagate Technology Public Limited Company (PLC), NETGEAR, Inc., Synology, Inc., Buffalo Americas, Inc., QNAP Systems, Inc., Drobo, Inc., ASUSTOR Inc., IBM, Huawei Technologies Co., Ltd., Microsoft, Cisco Systems, Inc., D-Link Corporation, Thecus Technology Corp, Infortrend Technology Inc., Panasas, SoftNAS, Inc., and Nasuni Corporation are the key players in the global network attached storage (NAS) market.
By Storage Solution
By Deployment Type
By End-User Industry