NAS Market to grow at 20% CAGR from 2018 to 2024 - PowerPoint PPT Presentation

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NAS Market to grow at 20% CAGR from 2018 to 2024

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More Information @ BFSI applications were valued at around USD 1.5 billion in 2017, and is expected to maintain a major network attached storage market share by 2024. The majority share is attributed to the large-scale deployment of the storage technology by financial institutions to store huge volumes of financial data of their customers requiring a scalable and a robust storage infrastructure. – PowerPoint PPT presentation

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Title: NAS Market to grow at 20% CAGR from 2018 to 2024


1
Global Network Attached Storage Market to surpass
20bn by 2024 Fractovia.org
2
Key Insights of NAS Market
  • Network attached storage market has emerged to be
    one of the most viable investment avenues over
    the recent years with the massively proliferating
    cloud technology adoption. Big data and advanced
    analytics have brought a dramatic turnaround of
    sorts for network operators with regard to
    managing the large data volume. In a bid to
    analyze and manage these huge disparate data
    sets instantaneously, enterprises are
    increasingly adopting NAS solutions. Testament of
    the aforesaid is the worldwide NAS industry share
    from cloud deployment mode which is slated to
    register a commendable y-o-y growth of 24 over
    2018-2024.
  • On virtue of its far-flung benefits like
    scalability and ease of access, numerous tech
    giants in recent years have been on the go to
    come up with a plethora of innovative solutions
    that can be conveniently deployed across telecom
    IT, retail, media entertainment, healthcare,
    and consumer sectors. A recent instance depicting
    the widening product portfolio pertaining to NAS
    solutions is Synologys latest release, dubbed as
    DS1618.
  • Elaborating further, storage solution giant
    Synology has recently upgraded its 6 Bay NAS
    device. An enhanced version of its predecessor,
    DS3018xs in particular, DS1618 though exhibits a
    similar design as that of a 6 Bay layout, is
    claimed to feature a better Intel quad-core
    processor.

3
Continued
  • For the record, Synologys flagship DS3018xs,
    which was launched in 2017, incorporates Pentium
    D1208 dual-core 2.2 GHz processor. Not just that,
    it is also inbuilt with PCle slots for installing
    an optional dual M.2 SATA SSD adapter that can
    shift processing into solid state drives in a bid
    to maintain efficiency and speed. Synologys
    latest 6 Bay NAS tower, DS1618 is touted to be
    an exceptional one as it amalgamates all these
    features with an enhanced processor and is touted
    as a disruption of sorts in the product landscape
    of NAS industry.
  • Concurrently, the company has also launched four
    other DS and DS models last year that are
    claimed to replace the existing NAS enclosures.
    This incidence particularly validates how 1 Bay
    to 8 Bay NAS towers are gaining a mass popularity
    in network attached storage market, primarily
    aided by the increased adoption of these systems
    for consumer applications. In fact, estimates
    claim, the 1 Bay to 8 Bay NAS market to witness
    the fastest growth at 25 y-o-y 2018-2024.
  • Speaking of the design landscape, it is prudent
    to mention that in 2017, 12-bay to 20-bay also
    emerged as one of the top-notch solutions having
    procured almost 40 of the overall NAS industry
    share. The major customers were reported to be
    SMEs and the SOHO sector. One of the popular
    trends this segment has been undergoing is the
    development of highly enhanced performance-oriente
    d storage systems that ensure reliability as well
    as security. The sector has indeed been an
    acclaimed venturing hub for the industry players
    considering its rich end-use base.

4

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5
Network Attached Storage Market

6
North America NAS Market Size, By Business
Application, 2017 2024 (USD Million)

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NAS Industry Background
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Continued.
  • In a recent turn of events witnessed across
    12-bay to 20-bay NAS market, QNAP Systems, few
    months back made its way to the front page with
    the launch of its 16-bay TS-1677X Ryzen NAS.
    Allegedly, this new enterprise class encompass
    twelve 3.5-inch drive bays and four 2.5-inch
    drive bays. Boasting of a portfolio that include
    AMD Ryzen 8-core processor, SSD caching, and
    optimized storage capacity, this highly upgraded
    model is claimed to boost the visualization
    performance impressively. Though QNAPs profound
    stance in the competitive network attached
    storage industry space is not unheard of, the
    introduction of TS-1677X is certain to strengthen
    its business position further considering the
    products exceptional design package.
  • Whether NAS solutions could drive the future of
    advanced analytics is a debatable subject as of
    now, however the tech realm over the past few
    years suggests a substantial commercialization
    scope for network attached storage industry. Add
    to it, with digital distribution of media, the
    business space is observing a slew of new
    opportunities worldwide. As far as the
    profitability potential is considered, the global
    NAS market size is forecast to exceed USD 20
    billion by 2024.

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