Categories
News

Network Attached Storage Market 2020 | Size, Growth, Demand, Opportunities & Forecast To 2027

The global network attached storage market is anticipated to gain traction from its increasing demand from small and mid-sized businesses. It enables users to easily access their data by using a network connection. This information is given by Fortune Business Insights™ in a new report, titled, “Network Attached Storage Market Size, Share & COVID-19 Impact Analysis, By Component (Solution, and Services), By Product Type (High-end/Enterprise, Midmarket, and Low-end), By Storage Solution (Scale-up NAS, and Scale-out NAS), By Deployment (Cloud, and On-premises), By End-user (BFSI, Healthcare, Retail & e-commerce, IT & Telecomm, Automotive, and Others) and Regional Forecast, 2020-2027.” The report further states that the NAS market size was USD 14.74 billion in 2019 and is projected to reach USD 54.57 billion by 2027, exhibiting a CAGR of 18.2% during the forecast period.

COVID-19 Pandemic: Companies Surge Average Selling Prices to Balance Revenues

The outbreak of the COVID-19 pandemic is taking a toll on businesses across the globe. Numerous network attached storage vendors are taking immediate steps to prevent heavy losses. Seagate’s 2020 quarterly report declares that the company shipped approximately 120.2 Exabytes of hard disk drive (HDD) storage capacity. It was lesser by 9.3% in 2019. But, the average selling price of NAS has surged to USD 86.21. The main reason behind this is to balance revenues amid reduced shipments. Our authentic report would help clients to better understand the current scenario of the market.

This Report Answers the Following Questions:

  • What are the current trends propelling growth of the network attached storage market?
  • What are the innovations done by reputed organizations?
  • Which are the key segments to focus in the near future for prioritizing investments?
  • What are the challenges and opportunities for the market?

Drivers & Restraints-

Introduction of 5G Network by Telecom Service Providers to Bolster Growth

Several telecom service providers, such as Telefonica, Nokia, AT&T, and Ericsson are introducing 5G services rapidly. It is capable of connecting millions of devices, which, in turn, is set to boost the development of smart agriculture, smart factories, and of smart cities. Besides, the rising plans to develop smart cities would generate more demand for NAS systems as the cities will be connected to the cloud. However, the increasing concerns regarding privacy and security may hinder the network attached storage market growth in the coming years.

Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/network-attached-storage-market-100505

Regional Analysis-

Rising Investments by Firms to Spur Digitalization to Favor Growth in Asia Pacific

Geographically, in 2019, North America procured 5.60 billion in terms of revenue. The U.S. and Canada are the major contributors to growth. Asia Pacific, on the other hand, is set to open doors to lucrative opportunities in the forthcoming years because of the expansion of the IT & telecom industry in the region. Google, for instance, is planning to invest around USD 10 billion in India through equity investments and partnerships for propelling digitalization across the country.

Ask for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/network-attached-storage-market-100505

Fortune Business Insights™ lists out the names of the reputed network attached storage providers operating worldwide. They are as follows:

  • Dell Technologies Inc. (Texas, United States)
  • NetApp, Inc. (California, United States)
  • Hewlett Packard Enterprise Company (HPE) (California, United States)
  • Hitachi, Ltd. (Tokyo, Japan)
  • Western Digital Corporation (California, United States)
  • Seagate Technology Public Limited Company (PLC) (California, United States)
  • NETGEAR, Inc. (California, United States)
  • Synology, Inc. (Taipei, Taiwan)
  • Buffalo Americas, Inc. (Texas, United States)
  • QNAP Systems, Inc. (Taipei, Taiwan)
  • Drobo, Inc. (California, United States)
  • ASUSTOR Inc. (Taipei, Taiwan)
  • IBM Corporation (New York, United States)

Quick Buy – Network Attached Storage Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100505

Other Exclusive Reports:

Offshore Drilling Market to Rise at 7.9% CAGR till 2026; Increasing Demand for Hydrocarbons Worldwide to Prove Beneficial for the Market

Offshore Drilling Market to Rise at 7.9% CAGR till 2026; Increasing Demand for Hydrocarbons Worldwide to Prove Beneficial for the Market

Offshore Drilling Market to Rise at 7.9% CAGR till 2026; Increasing Demand for Hydrocarbons Worldwide to Prove Beneficial for the Market

Tax Management Software Market to Rise at 10.4% CAGR till 2026 Driven by Increasing Industrialization and IT Sector across the World

Tax Management Software Market to Rise at 10.4% CAGR till 2026 Driven by Increasing Industrialization and IT Sector across the World

Tax Management Software Market to Rise at 10.4% CAGR till 2026 Driven by Increasing Industrialization and IT Sector across the World

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123ac
APAC : +91 744 740 1245
Email: [email protected]