Global Network Attached Storage (NAS) Industry

Dublin, July 22, 2024 (GLOBE NEWSWIRE) — The report “Network Attached Storage (NAS) Devices – Global Strategic Business Report” has been added to Research & Marketing.com offering.

The global network-attached storage (NAS) market is estimated to be worth USD 33.7 billion in 2023 and is expected to reach USD 92.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 15.6% between 2023 and 2030. This comprehensive report provides in-depth analysis of market trends, drivers, and forecasts to help you make informed business decisions.

The growth of the NAS market is being driven by several factors. Technological advances in storage solutions are making NAS devices more efficient and affordable, thus increasing their adoption among small and medium-sized enterprises (SMEs). For example, the development of SSD (Solid State Drive) technology is improving the performance and reliability of NAS devices, while reductions in the cost of storage media are making large-capacity NAS solutions more accessible.

The proliferation of data-intensive applications such as video surveillance, the Internet of Things (IoT), and artificial intelligence (AI) are driving greater demand for reliable and scalable storage solutions, driving demand for NAS devices. These applications often require continuous data capture and analysis, requiring robust storage infrastructures that can handle large amounts of data. Consumer behavior also plays a significant role, with more and more people seeking high-capacity storage solutions for personal data, multimedia files, and home security systems.

Additionally, regulatory requirements for data protection and compliance are forcing organizations to invest in advanced storage solutions, such as NAS, to ensure data integrity and security. Regulations such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) mandate stringent data protection measures, which is driving the adoption of NAS solutions that can help organizations meet these requirements.

Answers to key questions:

How will the global NAS (Network Attached Storage) market develop by 2030?
What are the main factors driving and restraining the market?
Which market segments will experience the greatest growth in the forecast period?
How will the market shares of individual regions and segments change by 2030?
Who are the leading players on the market and what are their prospects?

The most important information:

Market Growth: Explore the significant growth trajectory of the mid-market NAS segment, which is projected to reach $68.1 billion by 2030 at a compound annual growth rate (CAGR) of 16.4%. The enterprise NAS segment is also expected to grow at a CAGR of 13.5% during the period.
Regional Analysis: Gain insights into the US market, estimated to reach US$9.0 billion in 2023, and China, which is projected to grow at an impressive 14.3% CAGR to reach US$13.8 billion by 2030. Discover growth trends in other key regions including Japan, Canada, Germany, and Asia Pacific.

Report Features:

Comprehensive Market Data: Independent analysis of annual sales and market forecasts in millions of US dollars for 2023-2030.
Detailed regional analysis: Detailed information on key markets including the United States, China, Japan, Canada, Europe, Asia Pacific, Latin America, the Middle East and Africa.
Company Profiles: Overview of major players in the market such as ASUSTOR Inc., Avere Systems, Buffalo, Inc. and more.
Free updates: Receive one year of free report updates to keep you up to date with the latest market developments.

Key Features:

Report Attribute	Details
number of pages	193
Forecast period	2023-2030
Estimated Market Value (USD) 2023	$33.7 billion
Projected Market Value (USD) to 2030	$92.8 billion
Compound Annual Growth Rate	15.6%
Regions covered	Global

MARKET OVERVIEW

Insight into the influencer market
Global Economic Update
Network Attached Storage (NAS) Devices – Global Key Competitors, Market Share % 2024 (E)
Competitive Market Presence – Strong/Active/Niche/Simple for Global Gamers in 2024 (E)

MARKET TRENDS AND DRIVERS

Shift Toward Hybrid Cloud Solutions Drives NAS Market Growth
Growing demand for data analytics and big data expands addressable market opportunity for NAS devices
Technological advances in multi-bay NAS units strengthen the business case for increased data redundancy
Growth in Home Media Storage and Streaming Drives Consumer NAS Adoption
SSD Technology Innovations Accelerate Demand for High-Performance NAS Solutions
Proliferation of data-intensive applications is driving growth in the NAS market
Growing Importance of Data Security and Compliance Drives NAS Adoption
Integrating Remote Access Capabilities Sheds Light on NAS Devices for Distributed Teams
Reducing storage media costs expands the available market for SMEs
Improved RAID Configurations Sustain NAS Market Growth
Growing consumer awareness of data backup and recovery is driving market adoption
Growing adoption of IoT and AI applications is driving demand for scalable NAS solutions
Data protection regulatory requirements boost NAS market growth
The growth of digital content libraries is driving demand for high-capacity NAS storage.
Growing trend of remote work and collaboration drives adoption of NAS devices

FOCUS ON SELECTED PLAYERS (A total of 46 distinguished)

ASUSTOR Inc.
Medium Systems
Buffalo, Inc.
Dell EMC
Dell, Inc.
Hewlett Packard Enterprise Development LP
Hitachi Vantara
IBM Corp.
Nasuni Corp.
NetApp, Inc.
NETGEAR, Inc.
Oracle Corp.
Panasas, Inc.
QNAP Systems, Inc.
Seagate Technology Limited Liability Company
Synology, Inc.
Western Digital Corp.
Storage Zadara

For more information on this report, please visit https://www.researchandmarkets.com/r/xn5005

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Global Network Attached Storage (NAS) Market