SMB & SME NAS Market Size, Share, Growth, and Industry Analysis, By Type (Cloud-Based, On-Premise and Others), By Application (SOHO Use, SMBs/SMEs and Others), Regional Forecast To 2031

Updated On: 22 April 2024

SMB and SME NAS Market REPORT OVERVIEW

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The global SMB & SME NAS market size is expanded rapidly in 2021 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2021 to 2031.

With a server-based storage system called SMB & SME NAS, business users can share files. It is a separate network node in the local area network (LAN) made up of distinct IP addresses. Between users and NAS systems, file transfer is accomplished via an Ethernet connection. A networked file can be accessed by several users thanks to NAS. Over the anticipated period, the SME segment contributed the most to the SMB and SME NAS market. The dominance of this market is due to the fact that SMEs need high-performance NAS systems due to the number of users who need access to the shared files on the network. Numerous businesses, including minor educational institutions, hospitals, hotels, security companies, and multimedia companies, are seeing an increase in demand for effective NAS systems.

COVID-19 Impact: The Pandemic Upsurged the SMB & SME NAS Market Growth

Due to lockdowns and disruptions in industrial and supply chain activity, COVID-19 initially had a substantial impact on the market. On the other hand, the COVID-19 epidemic has accelerated the adoption of new technologies while simultaneously increasing end users' dependency on them. The growing use of SMB & SME NAS technology for the storage of data of patients records and many more during COVID-19, is likely to have a positive effect on the market growth. Being one of the largest user bases with an exceptional degree of support and documentation, the COVID-19 programme has paved the way for the development and deployment of cutting-edge technology.

LATEST TRENDS

"Technological Innovations Providing more than General Centralized Storage to Advance the Market Share"

In environments with plenty of data, SMB & SME NAS is valuable for more than just providing client computers with general centralised storage. By offering storage services, NAS can help make complex systems easier to use and less expensive, like load-balancing and fault-tolerant email and web-server systems. The consumer sector, where there is a lot of multi-media data, is a potential emerging market for NAS. These appliances for the consumer market are now widely accessible. They are typically packaged in smaller form factors than their rack-mounted equivalents. Recent price reductions in NAS systems allow the home consumer market to access flexible network-based storage for little more than the price of an ordinary USB or FireWire external hard drive. Several of these home consumer electronics are powered by embedded Linux operating systems on ARM, x86, or MIPS CPUs.

SMB and SME NAS Market SEGMENTATION

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• By Type Analysis

Based on type, the SMB & SME NAS market is subdivided into cloud-based, on-premise and others.

The cloud-based is the leading part of the type segment.

• By Application Analysis

Based on the applications, the SMB & SME NAS market is subdivided into SOHO Use, SMBs/SMEs and others.

The SMBs/SMEs is the leading part of the application segment.

DRIVING FACTORS

"The Extensive Applications of NAS devices Over Cloud Storage to  Amplify the Market Share"

NAS systems are quickly gaining popularity as an efficient, scalable, affordable storage option among big and small enterprises across a wide range of industries. As you need more storage, you may expand what you already have thanks to NAS systems' flexibility and scale-out capabilities. A private cloud in the workplace is comparable to NAS. The price is the last factor to consider, and NAS clearly prevails for frequent users. The cloud is preferable if you can keep within the free storage limits offered by the majority of cloud services, which are typically a few gigabytes. Yet, the costs scarcely match up for huge volumes of storage. All of the advantages of a public cloud are available on-site, plus it is faster, cheaper, and gives you total control.

"The Dynamic Benefits to SMBs to Witness Significant Growth and Attract the Market Share"

Because of how easy it is to use, an IT specialist is frequently not needed. Data backup is less expensive and simple, making it available whenever you need it. possible to centralise data storage in a secure manner. As data is always available with a NAS, employees can communicate more easily, reply to clients more quickly, and follow up on sales or other issues more quickly because everything is in one location. Since NAS functions similarly to a private cloud, data may be accessed remotely via a network connection, enabling employees to work from any location at any time.

RESTRAINING FACTORS

"The Slowed Performance and File Retrieval to Restrain the Market Growth"

The performance of the NAS depends on the protocols. It is a file oriented storage systems and with the increased LAN traffic the file transfer speed slow downs for video or multiple large files as is not as fast as DAS. Additionally the systems available features depend upon the NAS chip and firmware. As a result the performance based limitations of the NAS systems and slow down in  file retrieval to hamper the SMB & SME NAS market share.

SMB and SME NAS Market REGIONAL INSIGHTS

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"North American Region to Lead  With Presence of Large Number of Consumers and Major Key Players"

Over the projected period, the North American SMB & SME NAS market share is expected to expand rapidly, particularly in the growing nations like U.S.A. The market is characterised by technology developments that are anticipated to lead to the creation of improved options for tech industries and IT professionals. Furthermore, SMB & SME NAS are getting more popular, with growing  number of small-sized business and small-medium enterprises in the North American region to impact the SMB & SME NAS market growth.

KEY INDUSTRY PLAYERS

"The Prominent Players Contributing in the Market Growth"

The international, regional, and local players in the SMB & SME NAS market are well-diversified and the market is moderately competitive. However, a few significant control a large portion of the industry thanks to their strong brand names and wide distribution networks. Companies are discovered making investments in cutting-edge technology to provide their clients a digital transformation.

List of Market Players Profiled

• Western Digital (U.S.A)
• Seagate (U.S.A)
• Netgear (U.S.A)
• Synology (China)
• Buffalo Technology (Japan)
• QNAP (China)
• Dell EMC (U.S.A)
• HP (U.S.A)
• IBM (U.S.A)
• Oracle (India)
• Cisco (U.S.A)
• D-Link (China)
• Drobo (U.S.A)
• Quantum (U.S.A)
• Fujitsu (India)
• Unylogix (Canada)
• Hitachi Data Systems (U.S.A)
• Infortrend (U.S.A).

REPORT COVERAGE

The report examines elements affecting the demand and supply sides and estimates dynamic market forces for the forecast period. The report offers drivers, restraints, and future trends. After evaluating governmental, financial, and technical market factors, the report provides exhaustive PEST and SWOT analysis for regions. The research is subject to alteration if the key players and probable analysis of market dynamics change. The information is an approximate estimate of the factors mentioned, taken into consideration after thorough research.