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Network Attached Storage Devices Market: Rapid Technology Development and Increasing Adoption of Cloud Solutions Drives Demand | Western Digital Technologies, Inc., Buffalo Americas, Inc., Lenovo Group Ltd

Network attached storage (NAS) is a dedicated file storage device that uses a standard Ethernet connection which provides shared access to files and media. NAS devices enable multiple computers and mobile devices to wirelessly share and access files, video and audio streaming and other features such as computer backup across a network. Furthermore, NAS devices comprise of computer hardware such as hard disk, RAM and software such as operating system to manage access to the files and the network connection. NAS devices are deployed in the network through different approaches such as integrated NAS, NAS gateways, and others such as parallel file system and clustered file system.

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In addition, with rapid technology development and increasing adoption of cloud solutions, companies are integrating cloud technology with NAS devices. For instance, Western Digital Technologies, Inc. based in Irvine, California, the U.S. offers My Cloud NAS solution for small businesses and personal use. Moreover, NAS devices are often used in homes for storing multimedia files and for automated backup. In smart homes, NAS devices are used to provide centralized storage for security systems, internet of things (IoT) components and smart TV. Considering the increasing adoption of NAS devices, companies are developing compact devices to enhance the performance of NAS devices. For instance, Synology, Inc. based in Taiwan launched its compact and scalable NAS device RackStation RS816 for small and medium businesses.

The adoption of NAS devices is increasing due to rising demand from small and large businesses for effective and efficient solutions for storing, managing and accessing contents across the networks. These act as central hub and allow multiple devices to share and access the content. NAS devices also offer redundancy using redundant array of independent disks (RAID) technology to avoid any hard drive failures. As compared to storage area network (SAN), NAS devices provide an affordable storage and backup solutions. All these beneficial features are expected to drive the network attached storage devices market over the forecast period.

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The major players in network attached storage devices market include Western Digital Technologies, Inc., Buffalo Americas, Inc., Lenovo Group Ltd., Seagate Technology LLC, Netgear, Inc., Dell, Inc., ioSafe, Inc., D-Link Corporation, Synology, Inc., QNAP Systems, Inc., Drobo, Inc. and Asustor, Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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