North America 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 North America Network Attached Storage (NAS) Market would witness market growth of 15.1% CAGR during the forecast period (2020-2026). In recent years, there have been advancements in the data storage techniques with the increasing volume of data and technological developments.
Network-attached storage (NAS) makes use of data storage devices that can be attached to a network with the help of USB or Ethernet ports. The devices are allocated with an Internet protocol (IP) address; hence they can be directly accessed from the user’s end. NAS refers to a centralized data repository that permits the users to gain access to the data at the file level from any operating system and make sure about the safe management of data. For connectivity, NAS devices do not rely on the network server and thus are not influenced by network/server downtime.
Various enterprises are adopting the technology due to major features like ease of access, relatively low cost, and high capacity. It also offers a performance benefit over Das in several cases, particularly when different devices need to gain access to storage. On the basis of network traffic factors and storage communication protocol preference, NAS could be more efficient than SAN for some workloads. The increasing adoption of cloud can hamper the market growth. On the other hand, the incorporation of on-premise NAS with cloud storage is anticipated to become popular in the next few years, encouraging complete control over the data in the NAS and in storing and archiving data in the cloud.
The adoption of NAS systems is majorly boosted by the rising deployment of hybrid cloud storage, increasing demand for data backup and redundancy, superior data scalability, and manageability among others. The rising utilization of smart devices like smartphones and laptops resulted in the creation of massive volumes of data. This factor will raise the demand for extended storage capabilities, thereby boosting the growth of the market. These devices will gain traction among small and medium businesses over the forecast years.
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 U.S., Mexico, Canada, and Rest of North America.
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 North America
- 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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