Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 32.12 Billion | USD 179.92 Billion | 21.1% | 2023 |
The global Scale Out Network Attached Storage market size was worth around USD 32.12 billion in 32.12 and is predicted to grow to around USD 179.92 billion by 2032 with a compound annual growth rate (CAGR) of roughly 21.1% between 2024 and 2032.
The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Scale Out Network Attached Storage market on a global and regional level.
Network-attached storage (NAS) is a file storage system that allows multiple users and various client devices to recover data from a centralized disk. Scale-Out network-attached storage is a NAS type architecture that focuses on structured and unstructured data growth.
The scale out network attached storage market is anticipated to grow over the upcoming years, due to the increasing adoption of cloud-based deployment. Cloud-based network attached storage is accessed over the internet without being installed on an organization’s system. These systems are often used for storing backup data. The major benefit of cloud storage is that it can be accessed at any given point of time. Other benefits of cloud-based NAS include cost reduction, built-in data resiliency, performance flexibility, and eliminate legacy NAS systems refresh. However, data security is one of the major challenges that scale out network attached storage market is facing. NAS solution developers are focusing on data encryption to avoid data breach cases. The adoption rate of scale out object NAS is increasing immensely, owing to its flourishing demand in next-generation data storage applications, which is anticipated to create new growth opportunities for the scale out network attached storage market.
The global scale out network attached storage market is segmented on the basis of deployment, storage architecture, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
On the basis of deployment, the market is majorly classified into on-premise and cloud-based.
Based on storage architecture, the market is majorly classified into scale out block, scale out file, and scale out object. Object storage is designed for unstructured data that is extremely scalable. Unstructured data is an unfixed format and consists of files of fluctuating sizes. Scale out NAS object is used for management of unorganized data.
The end-user segment scale out network attached storage market comprises IT and telecommunication, BFSI, healthcare, retail, manufacturing, education, government, media, and entertainment, and others. Scale out network attached storage benefits healthcare organizations by enhancing information utilization by reducing costs, improving patient care, and ensuring security and data privacy. Thereby, the healthcare segment is projected to grow significantly in the upcoming years.
Report Attributes | Report Details |
---|---|
Report Name | Scale Out Network Attached Storage Market |
Market Size in 2023 | USD 32.12 Billion |
Market Forecast in 2032 | USD 179.92 Billion |
Growth Rate | CAGR of 21.1% |
Number of Pages | 202 |
Key Companies Covered | Caringo, Cisco Systems, Cloudian, Cohesity, Commvault, Datera, Dell, Elastifile, Hedvig, Hewlett Packard, Enterprise Development, Hitachi Vantara, IBM, NetApp, Nexenta Systems, Red Hat, Scality, and SwiftStack |
Segments Covered | By deployment, By storage architecture, By end-user and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The North America scale out network attached storage market is observed to hold the maximum share globally and continue its dominance over the upcoming years. This can be attributed to the presence of leading market players across the region.
Some globally renowned players of the scale out network attached storage market are:
Scale Out Network Attached Storage Market: Deployment Analysis
Scale Out Network Attached Storage Market: Storage Architecture Analysis
Scale Out Network Attached Storage Market: End-User Analysis
Scale Out Network Attached Storage Market: Regional Analysis
FrequentlyAsked Questions
Network-attached storage (NAS) is a file storage system that allows multiple users and various client devices to recover data from a centralized disk. Scale-Out network-attached storage is a NAS type architecture that focuses on structured and unstructured data growth.
According to study, the Scale Out Network Attached Storage Market size was worth around USD 32.12 billion in 32.12 and is predicted to grow to around USD 179.92 billion by 2032.
The CAGR value of Scale Out Network Attached Storage Market is expected to be around 21.1% during 2024-2032.
North America has been leading the Scale Out Network Attached Storage Market and is anticipated to continue on the dominant position in the years to come.
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