Network-Attached Storage Market Share Analysis
The BYOD (bring your own device) trend is becoming more popular among businesses worldwide due to the increasing use of wearable devices, tablets, and smartphones. This trend is closely linked to the rise of cloud computing, resulting in the creation of large amounts of unstructured data that require efficient and secure management and storage. To address these challenges, organizations are turning to Network Attached Storage (NAS) devices. These devices play a crucial role in managing and securely storing data while facilitating easy sharing among multiple computers, whether they are connected to a local or remote server.
Compared to traditional file servers, NAS devices offer simpler configuration and faster data access. One of the key advantages of implementing BYOD is its potential to enhance data availability and reduce costs within business networks. This approach provides unique benefits to enterprises, enabling them to compete at new levels in the dynamic business environment. NAS devices contribute significantly to this by efficiently storing large amounts of data, typically around 6TB or more, in a single location. This stored data can be easily accessed by multiple computers, further streamlining data sharing and collaboration.
As the volume of unstructured data generated through BYOD continues to grow, there is an increasing demand for NAS systems to evolve and meet higher standards of performance and scalability. These systems must adapt to the changing landscape of data storage requirements and ensure that businesses can efficiently manage their expanding datasets. In summary, the BYOD trend is transforming the way businesses operate by incorporating personal devices into the workplace. This, coupled with the increasing use of cloud computing, generates vast amounts of unstructured data. NAS devices emerge as a reliable solution for organizations seeking efficient, secure, and scalable data management. The ability of NAS devices to store substantial amounts of data in a centralized location, accessible by multiple computers, positions them as a key technology to meet the evolving needs of enterprises in the era of BYOD and cloud computing.
| Report Attribute/Metric |
Details |
| Base Year For Estimation |
2020 Forecast Period 2020-2030 Historical Data 2018 Forecast Units Value (USD Billion) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered 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. |
| Historical Data |
2018 Forecast Units Value (USD Billion) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered 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. |
| Forecast Period |
2020-2030 Historical Data 2018 Forecast Units Value (USD Billion) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered 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. |
| Growth Rate |
17.7% (2022-2032 Base Year 2020 Forecast Period 2020-2030 Historical Data 2018 Forecast Units Value (USD Billion) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered 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. |
