What is NAS Network Memory Market?
NAS Network Memory is vast number of computers linked with a network of storage devices, which can be used to access a file located at a centralised location. It is also popularly known as private cloud. NAS provides both scale out and scale up storage solution. With the increasing improvement in connectivity technology, although with fear of data breach more and more firms are approaching a hybrid deployment model. The NAS network memory offers a significant benefit where the firms or users can increase the storage as and when you want to by adding additional NAS devices to the network. North America is expected to be the biggest market of NAS network memory.
The market study is being classified and major geographies with country level break-up.
Hewlett Packard Enterprise Company (United States), Dell (United States), Hitachi Data Systems (United States), Netapp Inc. (United States), Seagate Technology Holdings plc (United States), Western Digital Corporation (United States), Buffalo Americas Inc. (United States), Netgear Inc. (United States), QNAP Systems Inc. (Taiwan), Synology Inc. (Taiwan) and Netgear Inc. (United States) are some of the key players profiled in the study.
Segment Analysis
Analyst at AMA have segmented the market study of Global NAS Network Memory market by Type, Application and Region.
On the basis of geography, the market of NAS Network Memory has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Digitisation of Businesses
- Cheaper Costs of Setup
Market Trend
- Integration with Cloud or Adoption of Hybrid Deployment Model is increasing in Popularity
Restraints
- Emergence of New and Better Storage Mechanisms such as Block Storage and Object Storage
Opportunities
- Developing Countries with Poor Internet Connectivity has Huge Potential to Grow
Challenges
- Interoperability with Different Systems may be Hurdle to the Growth of the NAS Network Memory
Market Leaders and some development strategies
In 2019, Western Digital Corporation, a US based multinational manufacturer of hard disk and provider of data storage solutions has announced acquisition of Kazan Networks which is a startup specialised in the development of the NVMe-oF technology. Western Digital is eyeing in using Kasan’s expertise to upgrade its storage solutions both in terms of storage capacity and their performance.
In 2021, Lenovo Ltd., a China based global computer, storage and other related hardware manufacturer has announced launch of its new Personal Cloud T2 which offers 36TB storage. The T2 cloud is a NAS based file storage solution. It has been launched at price tag of USD 154.
Key Target Audience
NAS Network Memory Manufacturers, Suppliers and Distributors, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners and End-Use Industries