Network-attached storage (NAS) is computer data storage connected to a computer network, in order to provide data access to diverse group of clients. NAS facilitates consumers to share media files between several computers and portable entertainment devices. NAS typically servers files by its software, hardware or configuration. Consumers around the globe are implementing network attached storage (NAS) that can help businesses and consumers to attain operational efficiencies and minimize the cost of storage. All these objectives can be achieved with network attached storage (NAS).
The global Consumer Network Attached Storage (NAS) market was valued at US$ 2318.9 Mn in terms of value in 2019
Market Dynamics- Drivers
The conventional modes of storage of critical information and data have become inefficient for current demands. Moreover, fast access to vast amounts of data is another major challenge in this scenario. Conventional small computer systems interface (SCSI) technology utilizes parallel cabling, which reduces speed, distance, and limits the number of attached storage devices. Furthermore, there has been a significant shift from server-centric to data-centric models, thus efficient access to shared data resources has become essential. Rising growth of information that requires storage, management, maintenance, and retrieval has compelled consumers to make storage decisions separate from server decisions. Hence, these factors are expected to drive the market growth over the forecast period.
Incorporation of high performance backup and restore capability and device sharing, numerous issues regarding performance have been improved. These issues are namely extended downtime periods, shrinking backup windows, and performance degradation. However, increase in backup operation competence with server-less backup offered by NAS architecture is expected to propel the global consumer network attached storage (NAS) market growth over the forecast period.
The North America market for global Consumer Network Attached Storage (NAS) market is estimated to account for 30.3% share in terms of value in 2019.
Source: Coherent Market Insights
Market Dynamics- Restraint
Previously, servers for storage purposes were procured at different IT infrastructure components by different groups within the IT department and under different parts of the IT budget. However, incorporation of cloud-based services has changed the overall approach. Furthermore, adoption of virtualization technique in storage and server has resulted in significant shift in procurement and deployment of data center infrastructure. E Enterprises are shifting from purchasing separate network attached storage systems and adopting cloud storage for noncritical data. These factors are expected to hinder the market growth in the near future.
Although NAS provides highly sophisticated services, it is relatively expensive and complicated proprietary at the same time. NAS systems are considered to be virtually failure-proof though major performance failures and outages in the cloud in the recent past have been related to failures of significant degradation or NAS in system performance. Moreover, high cost and complicated nature of NAS is compelling end user to shift towards cloud for high-performance and reliable storage. This, in turn, is expected to hamper the market growth over the forecast period.
Increasing use of network attached storage system by small- and mid-sized enterprises is expected to present lucrative growth opportunity for market players. The adoption of NAS in small- and mid-sized enterprises is supported by various benefits offered NAS such as shared storage, flexibility to share capacity between numerous hosts, and centralized control. This has compelled NAS vendors to constantly focus on easy-to-use and cost-effective products for SMEs. This, in turn, is expected to offer significant growth opportunity for market players.
Integration of Internet of Things and big has increased the adoption of NAS system. Big data offers systematical and analytical information from complex data sets. Moreover, IoT provides interrelated computing devices, which in turn, is boost the adoption of NAS in various end-use industries. Hence, integration of IoT and big data are presenting lucrative business opportunities for market players.
Source: Coherent Market Insights
Growing adoption of online channels among consumers, has increased penetration of e-commerce websites in the recent past. These e-commerce applications are highly resource-intensive due to the type of requests that are processed simultaneously per second. Thousands of customers visit, place orders, and pay, per second, and all this information is required to be stored in the database for later retrieval. Furthermore, NASs are being used for their high-performance and fast I/O characteristics, in order to store information about high traffic databases.
Advent and adoption of hybrid NAS-SAN solutions has become a major trend in the market. These solutions facilitate enterprises to merge file-based and block data on a common way. Unified storage systems support file, along with block-based protocols such as FC and NFS, and HDD and flash-based storage drives. Architecture of unified storage systems is relatively more complicated as compared to individual implementations though it is expected to be more simplified in the near future, in order to meet increasing demand from enterprises. These developments are expected to reduce the dependency of enterprises on a single architecture for their dynamic requirements.
In Global Consumer Network Attached Storage (NAS) Market, by design segment, the standalone sub-segment dominated the global market in 2019, accounting for 62.9% share in terms of value, followed by Racmount.
Source: Coherent Market Insights
Value Chain Analysis
Key companies operating in the global consumer network attached storage (NAS) market are D-Link Corporation, Seagate Technology Public Limited Company, Synology Inc., Netgear, Inc., Drobo Inc., Western Digital Corporation, QNAP Systems, Inc., NEC Corporation, ASUSTOR Inc., and EMC Corporation.
Network-attached storage (NAS) is a file-level computer data storage server. Network-attached storage (NAS) provides data access to a heterogeneous group of clients and it is connected to a computer network. Network-attached storage (NAS) is specialized for serving files either by its hardware, software, or configuration. The data is centrally statured and can accessed by other persons according to their need. Network-attached storage (NAS) is flexible storage, person can add or retrieve the data. Network-attached storage (NAS) is faster, less expensive and provides all the benefits of a public cloud on site, giving use complete control. As Network-attached storage (NAS) provides backup user can access the files from mobile devices. There are advantages of Network-attached storage (NAS) such as, low cost, professional IT person does not require, the data backup option is available.
Network-attached storage (NAS) though it is connected to the computer provide file based storage service to other devices also. User also able to store other software to NAS server but it is may hamper the performance of the NAS server.
The adoption of shared data system is on rise. Companies all over the world preferring Network-attached storage (NAS) over conventional storage system as it is accessible from anywhere with Internet connection, provide cost effective option for data storage. Network-attached storage (NAS) also has backup option and user can add retrieve the data according to need. Another type of NAS is Hybrid storage solutions have advantages and disadvantages over both remote storage and on premise. The hybrid storage solution are act like a homogeneous storage. These storage work such as frequently used data and active data on premise and inactive data is moved to remote based location system. This will help user to access the frequently used data easily. These factors will drive the growth of the Network attached storage (NAS) market in the forecast period.
Moreover, industrialization in APAC region is major contributor in the Network-attached storage (NAS) market. In countries like India, china small and medium scale industries are on rise making huge contribution to the overall countries economy and NAS market. To remain competitive companies are trying to adopt the latest technology such Network-attached storage (NAS). To attract new consumer and to remain profitable in the long run companies are investing in IT technology.
However, Increase in demand of cloud based software is may hamper the growth of the Network-attached storage (NAS) market over the forecast period.
This report segments the global consumer network attached storage (NAS) market, on the basis of end-user, design and geography. The global consumer network attached storage (NAS) market on the basis of end-user segmented as residential, small & medium enterprises and large enterprises, on the basis of design rackmount and standalone and on the basis of geography North America, Europe, Asia pacific, and Latin America, Middle East & Africa.
Key features of the study:
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