Network Attached Storage Market Analysis

Product (Enterprise, Midmarket)

Network attached storage market from the midmarket segment is expected to hold 54% of the revenue share during the forecast period. The generation of today is highly advanced in technology and makes use of cutting-edge items like smartphones, tablets, and other smart devices. The volume of digital content in the form of unstructured data has increased as a result of the increasing use of various electronic devices. People are using NAS systems to manage these massive data quantities. Consumers also choose centralized NAS solutions to store data produced by backup systems, media streaming devices, and video surveillance systems. Midmarket NAS systems can be used for personal purposes, but they are the best and most expensive options for small and medium-sized organizations.

End-User (BFSI, Healthcare, Retail & E-Commerce, IT & Telecom, Automotive)

The IT & telecom segment is expected to account for 36% share of the global network attached storage market during the forecast period. The industry's growing need for NAS for data mobility, storage virtualization, backup, and recovery can be linked with the growth of this segment. Digital media material, which includes user-generated audio files, photos, documents, videos, and other digital information, is expanding rapidly in the market. This data is significant to both the provider and the customer, therefore, telecom firms have an increased need for dependable and secure data storage solutions. The storage of data is becoming a problem for telecom service providers due to the rise in internet and advanced technology users. The telecoms and ITES industries use NAS devices because they offer a big storage capacity and strong security.

Our in-depth analysis of the global network attached storage market includes the following segments: