Tuesday, 02 January 2024 12:17 GMT

Network Attached Storage Market Size To Worth USD 104.7 Billion By 2030 With A 19.8 %CAGR By Exactitude Consultancy


(MENAFN- EIN Presswire)

Network Attached Storage

Network Attached Storage Market include Dell Technologies, Hewlett Packard Enterprise, NetAppp, Western Digital Corporation

Network Attached Storage (NAS) offers centralized data storage, enabling easy file sharing, backup, and scalable access for businesses and homes.” - Exactitude Consultancy

LUTON, BEDFORDSHIRE, UNITED KINGDOM, August 27, 2024 /EINPresswire / -- Network attached storage (NAS) is a specialized file storage technology that enables data retrieval from a centralized disk capacity for numerous users and diverse client devices. Users on a local area network (LAN) can access the shared storage with a simple Ethernet connection. The purpose of network linked storage was to enhance user cooperation and data exchange. Teams who are dispersed and need remote access or operate in separate time zones may find this useful. A network attached storage device is essentially a dedicated storage server. Each network attached storage device, regardless of its size and scope, is typically made up of four main parts: a CPU, a network interface, physical storage, and an operating system.

The network attached storage market is expected to grow at 19.8 % CAGR from 2024 to 2030. It is expected to reach above USD 104.7 billion by 2030 from USD 20.6 billion in 2023.

The Major Players Covered in this Report:

Dell Technologies, Hewlett Packard Enterprise, NetAppp, Western Digital Corporation, Synology Inc, QNAP Systems Inc, Seagate Technology LLC, Asustor Inc, Drobo Inc, Thecus Technology Corporation.

Recent Developments

September 2023: QNAP launched a network expansion card, QXG-10G2T 10 GbE, dedicated to users that need simultaneous data access with lower latency. These end-users can be professional videographers, photographers, or part of a collaborative team. This new launch is a dual-port, advanced, 5-speed 10 GbE (RJ45) network expansion card, which acts as a cost-effective and energy-efficient solution for several networking needs. The card enhances the workflow efficiency of both NAS and PC users by offering them a seamless experience.

April 2023, Seagate Technology Holdings plc and QNAP Systems Inc. unveiled an integrated portfolio of edge-to-cloud enterprise storage solutions. Combining Seagate's IronWolf Pro Hard Drives and QNAP's high-capacity NAS solutions with Seagate Lyve Cloud, the portfolio offers innovative enterprise-scale storage solutions

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Detailed analysis of Network Attached Storage market segments:

Network Attached Storage Market by Type, 2020-2029, (USD Billion) (Thousand Units)

Enterprise NAS

Consumer NAS

Network Attached Storage Market by Deployment, 2020-2029, (USD Billion) (Thousand Units)

On-Premise

Cloud-Based

Network Attached Storage Market by Storage Solution, 2020-2029, (USD Billion) (Thousand Units)

Scale-Up NAS

Scale-Out NAS

Network Attached Storage Market by End-User, 2020-2029, (USD Billion) (Thousand Units)

BFSI

Healthcare

Retail & E-Commerce

It & telecom

Automotive

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Network Attached Storage (NAS) Market: Growth Drivers

Growing Needs in All End-Use Industries Among Small and Mid-Size Enterprises Network attached storages are being embraced by small and mid-size enterprises more frequently because of their economical setup for small workspaces. Users only need to connect to a network to access the data in this storage system. Businesses benefit greatly from the servers' enhanced customer service, increased competitive edge, and expanded opportunities for collaboration. These solutions offer reliable and easy data backup in addition to straightforward and affordable data centralization. This component will support the systems' increased use by a range of industries.

Regional Analysis for Network Attached Storage Market

North America

By 2030, it is anticipated that 35% of the global network attached storage market's revenue will come from North America. The market expansion is attributable to a number of top businesses, including Dell Technologies Inc., Western Digital Corporation, Buffalo AMERICAS Inc., and others. Growing public and private investment in wireless technology in this area is driving market expansion. A survey indicates that the US wireless industry invested over $35 billion in developing, maintaining, and growing their networks in 2021. This was the fourth year in a row that capital expenses increased, and the investment broke previous records. Thus, the growth of the segment is being driven by these factors. Furthermore, several telecommunications companies planned to construct 5G networks across the country.

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About Us

Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.

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Exactitude Consultancy
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EIN Presswire

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MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

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