Global Network Attached Storage (NAS) Market Size By Product, By Storage Solution, By Geographic Scope And Forecast

Report Highlights

Network Attached Storage (NAS) Market Size and Forecast

Network Attached Storage (NAS) Market was valued at USD 21.65 Billion in 2019 and is projected to reach USD 83.72 Billion by 2027, growing at a CAGR of 19.87% from 2020 to 2027.

The Network Attached Storage (NAS) Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Network Attached Storage (NAS) Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.

Global Network Attached Storage (NAS) Market Overview

The primary drivers of the Network Attached Storage industry are increasing the need to access data anytime, anywhere in the corporate network and internet. Increasing adoption of remote & virtual office environments, business continuity planning, and the ensuring need to provide remote access to corporate networks to employees is fuelling the demand for the NAS technology. Business operations require maintaining the backup of confidential data; NAS devices are just the right fit. The rise in the use of this technology is because these backup targets and files to store copies of data. Data compression ability in NAS devices to store a duplicate copy of data will rise the adoption of NAS devices. Data deduplication replaces duplicate files on the NAS network which tags the files referring to the original file which reduces the number of duplicate entries, thereby enhancing the efficiency of the searching capability. However, data security is the primary concern among the enterprises due to misuse of privileged access leading to corporate espionage.

This report provides an all-inclusive environment of the analysis for the Network Attached Storage (NAS) Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Network Attached Storage (NAS) Market growth.

Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Network Attached Storage (NAS) Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Network Attached Storage (NAS) Market.