Uploaded on Feb 20, 2023
Network Attached Storage Market
Network Attached Storage Market
Network
Attached
Storage Market
: Future
of Healthcare in
an Aging World
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As per a statement by P&S Intelligence, the total revenue of the global
network attached storage market was USD 22,850 million in 2022, and it will grow at a rate of
13.55% in the years to come, to touch USD 63,151 million by 2030.
The on-premises category will have the largest share. This mode of deployment lets companies
store all the important data on their servers, ensuring improved information security and also
providing the leverage of scaling the stowage for any dynamic need.
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Moreover, the hybrid category will grow the fastest due to the fact that, companies are moving
increasingly toward a mix of off-site, on-site and cloud backup solutions, without increasing the
complexity of management.
Owing to the rapid progress in the rate of digitalization and progressions in all sorts of IT
products, midmarket category will hold the largest share. These solutions are usually put to
use by SMEs; hence, their growth has an impact on the advance of the industry.
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A few small companies are also making use of these NAS storage as a media server, for storing their media and
streaming music, videos and photos directly from their device used for storage, externally or internally, with the help of
the internet. These devices are extensively in use amongst SMEs as they are simply scalable manageable, and lucrative.
The requirement for low-end products will also increase significantly in India and Brazil, because of the budding tech
industry. In contrast, high-end category will grow steadily in in Canada and the U.S.
Scaleup NAS division dominated the network attached storage market in the past. The acceptance of scaleup solutions is
increasing at homes, hotels, educational institutions, shopping malls, mid-sized offices, and retail stores, where the data
produced is not that critical and vast and you just need to store it.
These storages are made up of a pair of controllers and numerous shelves of storage drives.
The scaleup solution is a conventional system with limited memory and storage. If more memory is needed, extra shelves
of drives can be supplemented to the system. The solution has the advantage of lower prices compared to scale-out
solutions.
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North America had the largest share of approximately 40% in the past. The acceptance of cloud-based data centers,
substantial investments in R&D, and surge in the usage of the IoT technology in smart devices in Canada and the U.S.
play a vital role in the regional growth.
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It is because of the increasing volume of unstructured data around the world, the demand for network attached storage is
all set to increase in the years to come.
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