Network-attached storage (NAS) is a data storage server attached to a computer network. NAS stores the data (files) and can provide data access to multiple users. It consists of a hard drive that is attached to a computer network providing access to multiple users with the help of assigned network addresses. NAS is designed for heavy network systems allowing the addition of more storage space. It is deployed across various end-user industries such as Banking, Financial Services and Insurance (BFSI), Consumer Goods and Retail, Telecommunications and Information Technology-enabled Services (ITeS), Healthcare, Energy, Government, Education and Research, Media and Entertainment, Manufacturing, Business and Consulting, and Others."
Visionary leaders are the leading market players in terms of product portfolio, geographic reach, innovative technologies, and adoption of growth strategies. The SWIR market is moderately dominated by the players covering a major share of the market. These players have a broad product portfolio that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and well-established brand equity.
There have been many companies in the NAS market since the past decade that are largely dependent on their competitive R&D activities. Most of the dynamic players are classified under tier 2 and 3 companies, which have presence in various regions globally.
The NAS market is moderately dependent on innovators as a significant capital requirement and high investment are required for the manufacturers, and it is difficult for new players to enter in this market. Innovators have substantial product innovations and have a focused service portfolio.
As the market poses a moderate threat to new entrants in establishing their footprint, there are players who are providing NAS products to diverse clientele groups globally.