Europe Network Attached Storage (NAS) Market By Solutions (Hardware and Software), By Deployment Type (On-premises and Cloud & Hybrid), By Design (1Bay to 8 Bays, 8 Bays to 12 Bays, 12 Bays to 20 Bays and Others), By Storage Solution (Scale-up NAS and Scale-out NAS), By Industry Vertical (BFSI, Energy & Utilities, Healthcare, Retail & eCommerce, Government & Defense, IT & Telecommunication, Manufacturing and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The Europe Network Attached Storage (NAS) Market would witness market growth of 15.8% CAGR during the forecast period (2020-2026). The adoption of these solutions over the cloud provides higher convenience. This is because a service vendor offers the highest uptime, data security, and periodic updates, hence reducing the total cost of ownership. The recent trends of the market include the delivery of these solutions on the pay-as-you-go system and SaaS models, wherein the service vendors are responsible for maintaining data and application information are boosting the adoption of these solutions. Moreover, this model has seen increasing installation in small-medium scale businesses, as it reduces the capital expenditure involved in developing the needed infrastructure on their premises. This growing trend is hampering market growth considerably.
The network attached storage (NAS) market is anticipated to develop at a higher growth rate over the forthcoming years. NAS offers storage and retrieval facility for centralized data for heterogeneous clients authorized network users and approved network users. Network attached storage is anticipated to observe considerable development in the next few years. This is credited to its features like economical installation & maintenance costs, flexibility & scale-out, and easy setup. The NAS configuration can be done simply with the help of connected devices like computers.
In small and medium businesses, NAS is becoming increasingly popular. It acts like a personal cloud where users can conveniently access the data with the help of a network connection. The servers assist companies to offer a massive competitive advantage, improve customer service, and expand the collaborative reach. These systems are easy to operate, offer easy data backup, and enable easy data centralization in a safe and reliable manner. These factors would encourage the adoption of these systems among companies.
Based on Solutions, the market is segmented into Hardware and Software. Based on Deployment Type, the market is segmented into On-premises and Cloud & Hybrid. Based on Design, the market is segmented into 1Bay to 8 Bays, 8 Bays to 12 Bays, 12 Bays to 20 Bays and Others. Based on Storage Solution, the market is segmented into Scale-up NAS and Scale-out NAS. Based on Industry Vertical, the market is segmented into BFSI, Energy & Utilities, Healthcare, Retail & eCommerce, Government & Defense, IT & Telecommunication, Manufacturing and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dell Technologies, Inc., Hitachi, Ltd., NetApp, Inc., Hewlett Packard Enterprise Company, IBM Corporation, Netgear, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Cisco Systems, Inc., Microsoft Corporation and Western Digital Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Deployment Type
- Cloud & Hybrid
- 1Bay to 8 Bays
- 8 Bays to 12 Bays
- 12 Bays to 20 Bays
By Storage Solution
- Scale-up NAS
- Scale-out NAS
By Industry Vertical
- Energy & Utilities
- Retail & eCommerce
- Government & Defense
- IT & Telecommunication
- Rest of Europe
- Dell Technologies, Inc.
- Hitachi, Ltd.
- NetApp, Inc.
- Hewlett Packard Enterprise Company
- IBM Corporation
- Netgear, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Cisco Systems, Inc.
- Microsoft Corporation
- Western Digital Corporation
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