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Network-Attached Storage Market Analysis

ID: MRFR//2526-CR | 134 Pages | Author: Shubham Munde| February 2020

In-depth Analysis of Network-Attached Storage Market Industry Landscape

The use of NAS (Network Attached Storage) is becoming increasingly popular, especially in homes and small office/home office (SOHO) setups. This surge in popularity is primarily driven by the growing necessity to store and access large digital media files. NAS serves as a convenient media server, especially when users want to stream media within their home network. It simplifies the process of accessing media files stored on various devices, including Smart TVs, network Blu-ray Disc players, and more. One notable advantage of NAS is its accessibility through a web browser. Users can easily connect to their NAS devices remotely, accessing media such as photos, movies, or music via a personal web page.


This feature is particularly handy for users who want to share files with designated individuals, allowing them to access these files from mobile devices and PCs without the need to physically connect to the drive on the home or office network. Furthermore, NAS proves to be a practical solution for reducing unnecessary hassles. It enables users to access documents from a central location, facilitating collaborative editing similar to platforms like Google Docs or Office 365. Some advanced NAS systems are equipped with built-in encryption, remote access tools, and interfaces, as well as advanced security features such as home camera monitoring systems. Additionally, NAS offers shared storage and other useful features specifically designed for users of Mac, iPhone, and iPad devices within a local area network.


An example of such innovation is the TerraMaster F2-221, a 2-Bay NAS introduced in February 2019. This NAS is tailored for both commercial and residential applications, including personal cloud storage and backup. It supports both 3.5- and 2.5-inch hard disk drives (HDDs) and 2.5-inch SATA solid-state drives (SSDs), with a maximum capacity of 28TB through two 14TB drives. Considering these features and associated benefits, the application scope of NAS in residential and SOHO environments is expected to grow significantly. Users appreciate the convenience of centralized storage and easy access to media files, as well as the collaborative possibilities offered by advanced NAS systems. As technology continues to advance, NAS is likely to become an integral part of home and small office setups, catering to the increasing demand for efficient and accessible data storage solutions.

Covered Aspects:
Report Attribute/Metric Details
Segment Outlook By Product, Organization Size Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW) Key Vendors Synology, Inc. (Taiwan), NETGEAR, Inc. (US), Buffalo Americas (US), Dell EMC (US), Seagate Technology PLC. (US), Hewlett-Packard Enterprise Company (US), Western Digital Corporation (US), Hitachi Data Systems Corporation (US), NetApp, Inc. (US), and QNAP Systems, Inc. (Taiwan). Key Market Opportunities The rising adoption of 4G and 5G technologies is likely to offer robust opportunities to market players in the near future. Key Market Drivers An increase in the use of big data analytics & data mining applications is likely to bolster market growth over the forecast period.
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