Network Attached Storage Market 2020 Regional Trend & Growth Projections to 2024
Category: #technology  By Ronak Bora  Date: 2020-01-15
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Network Attached Storage Market 2020 Regional Trend & Growth Projections to 2024

The global network attached storage market is bifurcated into North America, Asia Pacific, Europe, and LAMEA. Among these regional segments, North America is slated to account for a major share of the global market landscape across the forecast timeline.

In 2017 the North America network attached storage market already held a majority industry share of approximately 48%. The region’s expansion is primarily attributed to early advanced storage technology adoption by a number of enterprises across the United States.

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Meanwhile, Europe is expected to retain its position as the second largest network attached storage market by 2024. The region’s consistent performance is being attributed to a flourishing data center ecosystem across the region. Adoption of the NAS storage technology by the region’s SMEs on an extensive scale is another prominent driver helping Europe retain its position.

The global network attached storage market is anticipated to experience a lucrative growth in the ensuing years. Increasing popularity of NAS devices among small businesses and enterprises across a plethora of industrial sectors is the primary factor behind this growth.

With many public and private industrial sectors going through the digital transformation trend, data is increasingly becoming a critical asset. Today, without access to their respective data, many companies are not capable of providing their patrons the level of service they have come to expect.

Poor customer service, caused by data access unavailability, often results in loss of sales and issues with team collaboration. Moreover, in terms of data storage, companies also need to address a number of other storage related demands like ease of operation, affordability, scaling capabilities, and ease of backup.

Among these, the hybrid NAS segment is slated to witness the fastest growth during the forecast study period. Hybrid NAS allows companies to store any crucial data on their respective premises while also leveraging the scalable nature of cloud-based storage at accommodate any dynamic storage requirements.

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In fact, according to an Intel Solution Brief, as it facilitates the benefits of on-premise NAS deployment model, with the scalability advantage of cloud-based storage, many NAS system manufacturers have now began including hybrid NAS systems in their respective product portfolios. Manufacturers are expected to intensely promote these solutions to boost their revenues.

Going forward, the growing prominence of hybrid NAS systems, when coupled with the increasing dedication of NAS system manufacturers to hybrid NAS deployment model, is expected to further augment global network attached storage market outlook.

Some Points From Table Of Content: -

Chapter 6. Network Attached Storage Market, By Design

6.1. NAS market trends by design

6.2. 1-bay to 8-bay

6.2.1. 1-bay to 8-bay market estimates and forecast, by region, 2013-2024

6.3. 8-bay to 12-bay

6.3.1. 8-bay to 12-bay market estimates and forecast, by region, 2013-2024

6.4. 12-bay to 20-bay

6.4.1. 12-bay to 20-bay market estimates and forecast, by region, 2013-2024

6.5. Above 20-bay

6.5.1. Above 20-bay market estimates and forecast, by region, 2013-2024

Chapter 7. NAS market, By Deployment Model

7.1. NAS market trends by deployment model

7.2. On-premise

7.2.1. On-premise NAS deployment market estimates and forecast, by region, 2013-2024

7.3. Cloud

7.3.1. Cloud-based NAS deployment market estimates and forecast, by region, 2013-2024

7.4. Hybrid

7.4.1. Hybrid NAS deployment market estimates and forecast, by region, 2013-2024

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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