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    Network Attached Storage (NAS) Devices Market Report

    Network Attached Storage (NAS) Devices Market Report
    Report code - SR1337 Delivery - 2 Weeks
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    Network Attached Storage (NAS) Devices Market Trends, Dynamics & Market Insights
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    Impact of COVID-19 on Network Attached Storage (NAS) Devices Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Network Attached Storage (NAS) Devices Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Network Attached Storage (NAS) Devices market is projected to grow from USD 21.3 billion in 2020 to USD 60.8 billion by 2026 at a CAGR of around 19.6% during the forecast period.

    Figure: Network Attached Storage (NAS) Devices Market Size, 2020-2026 (USD Billion)

    Network-Attached-Storage-Devices-Market-Forecast

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    What is a network attached storage device?

    A network-attached storage device can be defined as a data storage device that connects to and is accessed through a network instead of connecting to a computer. It provides access to a heterogeneous group of clients. Based on product type, a network-attached storage device can be categorized as windows, Linux, and apple.

    Key Players

    Key players operating in the Network Attached Storage (NAS) Devices market are-

    • QNAP Systems, Inc. (Taiwan)
    • Buffalo Technology (Japan)
    • Synology Inc. (Taiwan)
    • Western Digital Corporation (US)
    • ASUSTOR Inc. (Taiwan)
    • Seagate Technology Holdings plc (US)
    • Apple Inc. (US)
    • The Hewlett-Packard Company (US).

    Market Dynamics

    The growth of the network-attached storage (NAS) devices market is primarily driven by the increasing adoption of NAS solutions by small and large-sized businesses, education and research centers, media & entertainment companies, and households among others. The rising use of smartphones coupled with growing digitalization is likely to drive the growth of the network-attached storage (NAS) devices market at a significant rate during the review period. In addition to this, rising demand for advanced network-attached storage (NAS) devices is likely to create lucrative opportunities for the players operating in the global market in the coming years.

    Segment Analysis

    Application Trends

    By application, the network-attached storage (NAS) devices market has been bifurcated into home use, government, and commercial use. Under these, the commercial use segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. This can be attributed to the increasing use of NAS devices by companies and entertainment & education centers among others.

    Regional Trends

    By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the increasing demand for smartphones coupled with the presence of established electrical and electronics industries in developing countries particularly China and India. The market growth in the North American region is expected to be driven by high demand for advanced storage devices and the presence of key market players such as Seagate Technology Holdings plc (US) and Apple Inc. (US).

    COVID-19 Impact on Network Attached Storage (NAS) Devices Market

    The covid-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the network-attached storage (NAS) devices market positively as the imposition of complete lockdown and restrictions on trade resulted in increased demand for NAS devices at homes.

    Critical Questions Answered in the Report

    • What are the key trends in the Network Attached Storage (NAS) Devices market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the Network Attached Storage (NAS) Devices market?
    • What are the key strategies adopted by the major vendors to lead in the Network Attached Storage (NAS) Devices market?
    • What is the market share of the top vendors?

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    Target Audience

    Here is the list of the group of customers that the network attached storage devices market hopes to have the greatest opportunity to convert-

    • Network attached storage (NAS) devices distributors
    • Network attached storage (NAS) devices suppliers
    • Network attached storage (NAS) devices manufacturers
    • Logistics organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The network attached storage devices market size is expected to reach USD 60.8 billion in the foreseeable future.

    Network Attached Storage (NAS) Devices market are QNAP Systems, Inc. (Taiwan), Buffalo Technology (Japan), Synology Inc. (Taiwan), Western Digital Corporation (US), ASUSTOR Inc. (Taiwan), Seagate Technology Holdings plc (US), Apple Inc. (US) and The Hewlett-Packard Company (US) are among the key players in the network attached storage devices market.

    The network attached storage devices market is expected to witness an impressive growth of 19.6% CAGR in the foreseeable future.

    The commercial use segment is expected to register significant growth in the foreseeable future.

    Asia-pacific accounted for the largest share in the network attached storage services market in 2020.

    Network attached storage (NAS) devices distributors, Network attached storage (NAS) devices suppliers, Network attached storage (NAS) devices manufacturers, Logistics organizations, Government bodies are the target audience in the network attached storage services market.

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