In a recent published report, Global Network Attached Storage Market report for till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Network Attached Storage Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
A Network Attached Storage (NAS) through a standard Ethernet connection provides Local Area Network (LAN) with file-based shared storage. It allows additional hard disk storage space to be integrated with the network that previously used servers, lacking an option to shut down for upgrade and maintenance. Due to increasing consumption of storage by the individuals and firms, there is a surge in demand for NAS devices with the large acceptance of cloud system. NAS provides easy connectivity to storage without the need for hardware and other related products. Innovative solutions such as offering high-quality data content access and the stored data access from any computerized system or mobile device to a user will enhance the demand for the NAS market. Network attached storage devices support both Common Internet File system and network file system. NAS is compatible with Windows, Mac, Linux, and UNIX systems. NAS appliance will have its own IP address which makes convenient to end-users to operate directly over the network for storing files and retrieving as and when required.
A typical NAS consists of a CPU, memory unit (M.U) and an OS. It is available in many varieties such as NAS with diskless NAS, preinstalled drives, and so on and offers an advanced way to retrieve stored data without any use of a physical device. All the individuals, small, medium and large enterprises use NAS for their efficient day-to-day functions.
Increasing adoption of NAS technology, video surveillance services and increasing cloud storage acceptance are the key factors driving the network attached storage (NAS) market. Network-Attached Storage (NAS) Market is highly disjointed and based on new product launches and experimental results of products. The Major players in the market adopted various strategies such as- Joint ventures, clinical trials, extensive research and development, new product launches, market initiatives etc., in order to increase their market share. The factors hindering the growth of the market are:- lack of technical knowledge among users coupled with complexity of operating system
The Network- Attached Storage (NAS) Market is segmented on the below basis:-
Solution: Analytics, Hadoop.
Storage: Hybrid, On-Premise, Remote
Application: IT, Government and Defense, Data Processing Component, Cloud Processing Component, Industrial Sector.
End-user: Small enterprise and large enterprise
Geography: North America & South America, Middle East & Africa, Asia-Pacific, and Europe,
North America is the dominated player in NAS market. The highest growth is forecasted for North America followed by Asia Pacific region and Latin America. Almost all regions across the world are adopting the Network-Attached storage systems.
A rise in disposable income has increased the individual’s purchasing power which will impact the growth of NAS market. Due to technological advancements in the modern era, many people are becoming tech savvy and the acceptance towards these technically advanced products has increased in recent times.
Leading companies in the Global safety Motion control market are:
Drobo Inc.,Thecus Corporation, ZyXEL Communications Corporation, Hewlett-Packard Development Company, Hitachi Data Systems, Dell Inc., Buffalo Technology Inc., QNAP Systems Inc , International Business Machines (IBM) Corp., Asustor, Seagate Technology, NetApp Inc., Synology Inc., Netgear, Inc.
Report ContentsRegional AnalysisReport Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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