Network Attached Storage (NAS) Market Is Poised To Embark On A Positive Trajectory, Documenting A 14% Value CAGR From 2022-2032

Technology

Network Attached Storage (NAS) Market Outlook 2022-2032

Global network attached storage (NAS) industry revenue stood at US$ 26.9 Billion in FY 2021, and is forecast to reach US$ 31.1 Billion, registering a Y-o-Y expansion rate worth 15.61% in 2022. The market is poised to embark on a positive trajectory, documenting a 14% value CAGR from 2022-2032. The market is projected to reach US$ 115.2 Billion by 2032.

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Key Segments Covered in Network Attached Storage (NAS) Market Report

  • Network Attached Storage Market by Solution :

    • Network Attached Storage Hardware
    • Network Attached Storage Software
  • Network Attached Storage Market by Design :

    • Network Attached Storage from 1 to 8 Bays
    • Network Attached Storage from 8 to 12 Bays
    • Network Attached Storage from 12 to 20 Bays
    • Network Attached Storage of more than 20-Bays
  • Network Attached Storage Market by Product :

    • Enterprise Network Attached Storage Solutions
    • Midmarket Network Attached Storage Solutions
  • Network Attached Storage Market by Storage Solution :

    • Scale-up Network Attached Storage
    • Scale-out Network Attached Storage
  • Network Attached Storage Market by Deployment Type :

    • On-premises Network Attached Storage
    • Remote Network Attached Storage
    • Hybrid Network Attached Storage
  • Network Attached Storage Market by End-User Industry :

    • Banking, Financial Services, and Insurance (BFSI)
    • Consumer Goods and Retail
    • Telecommunications and ITES
    • Healthcare
    • Energy
    • Government
    • Education and Research
    • Media and Entertainment
    • Manufacturing
    • Business and Consulting
    • Other End-User Industries (Aerospace & Defense, Automotive, Food Processing, and Logistics)
  • Network Attached Storage Market by Region :

    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa

Network Attached Storage Market – Competitive Landscape

Prominent network attached storage service providers are reliant on offering new and enhanced services to potential clients, as well as forging partnership agreements, acquiring small to medium-sized players, and filing of patents or other regulatory approvals to remain afloat in the market. Some prominent developments in this field are as follows:

  • In October 2021, Dell Technologies unveiled new additions to its PowerScale portfolio. In addition to eliminating data silos and helping to make better use of unstructured data, Dell’s NAS solution improves flexible consumption, data management, and security capabilities. PowerScale and Archive nodes are among the new features, Dell added that the changes will improve performance by 75%.
  • In October 2021, Hitachi Vantara capitalized on the medium-sized business segment with its NVMe flash systems. Hitachi has added 2u E590 and E790 models to its Virtual Storage Platform (VSP) E Series lineup. Hitachi’s new storage arrays support raw NVMe flash capacities of 360 TB each. Its main difference is in the number of cores: E790 comes with 64, and E590 comes with 24.

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