Global Network Attached Storage Market

Network Attached Storage Market Size, Share, Growth Analysis, By Product Type(High-end/Enterprise, Midmarket), By Storage Solution(Scale-up NAS, Scale-out NAS), By Deployment Type(On-premises, Remote), By End User(BFSI, Healthcare) - Industry Forecast 2024-2031


Report ID: SQMIG45I2123 | Region: Global | Published Date: July, 2036
Pages: 165 | Tables: 119 | Figures: 77

Network Attached Storage Market Insights

Network Attached Storage Market size was valued at USD 17.39 billion in 2019 and is poised to grow from USD 20 billion in 2023 to USD 45.52 billion by 2031, growing at a CAGR of 15% in the forecast period (2024-2031).

The growing requirement to access data on the business network and the internet at any time and from any location is one of the main factors driving the network attached storage market. The demand for NAS technology is being fueled by the increasing usage of remote and virtual office settings, business continuity planning, and the requirement to give employees remote access to corporate networks. Confidential data backups are necessary for business operations, and NAS devices are the ideal solution. The backup targets and files to keep copies of the data are the reasons why this technology is being used more frequently. The ability of NAS devices to store redundant copies of data using data compression will enhance their usage.

Another factor fueling the growth of the network attached storage market is the growing reliance of small and medium-sized businesses (SMEs) on digital content kept in a cloud environment. The expansion of the network attached storage market is being propelled by the proliferation of social media content as well as high-speed data transport technologies like 4G and 5G. The requirement for numerous secure data storage systems for applications involving video monitoring drives the market demand. Therefore, small and medium-sized businesses use this solution for pertinent data storage and sharing applications; large organizations use NAS for generic data sharing that is not required for applications, as well as for particular workgroups, departments, and remote offices. However, concerns about data security are preventing the network attached storage market from expanding.

US Network Attached Storage Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2024-2031

Global Market Size

USD 17.39 billion

Largest Segment

Scale-up NAS

Fastest Growth

Scale-up NAS

Growth Rate

15% CAGR

Global Network Attached Storage Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Network Attached Storage Market Size By Storage Solution, 2021-2028 ($ Bn)
Global Network Attached Storage Market Size By Storage Solution, 2021-2028 (%)

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Network Attached Storage Market Segmental Analysis

The global network attached storage market is segmented based on product type, storage solution, deployment type, end-user, and region. Based on the product type, the network attached storage market is segmented as high-end/enterprise, midmarket, and low-end. Based on storage solution, the network attached storage network attached storage market is segmented as scale-up NAS, and scale-out NAS. Based on deployment type, the network attached storage market is segmented as On-Premise, remote, and hybrid. Based on end-user, the network attached storage market is segmented as BFSI, healthcare, retail & e-commerce, IT & telecom, automotive, and others. Based on region, the network attached storage market is categorized into North America, Europe, Asia-Pacific, and MEA.

Leading players are developing NAS solutions for the mid-market to support industry growth

The network attached storage market share is expected to be dominated by the mid-market. Leading companies are creating cutting-edge mid-market NAS solutions to provide storage options for both businesses and consumers. For instance, the Sun ZFS Storage NAS solution from Oracle Corporation was created for the mid-market. The storage requirements of mid-sized businesses may now operate more effectively and quickly due to these products. Hitachi Ltd’s Vantara, the digital solutions subsidiary, launched the E Series high-performance NVMe flash arrays and HNAS NAS solutions in December 2020. The company also introduced Hitachi Virtual Storage as a Service to help the midsized enterprise customers accelerate into the era of digital platform businesses.

In developing nations like India, China, and Brazil, the growth rate is expected to be highest for low-end products. Additionally, it is projected that the market for high-end business products will continue to expand steadily, with developed regions like North America and Europe accounting for the majority of that increase.

Rising development of scale-out storage solutions aids market growth

Scale-up solutions will hold the highest share of the network attached storage market during the predicted period due to an increase in the need for extra data storage among businesses worldwide.

During the projection period, the scale-out storage solution is projected to increase at the greatest CAGR. The development of more sophisticated scale-out solutions, which enable higher performance and employ improved efficiency and agility, will lead to this. For instance, in July 2021, Infortrend Technology Inc. launched a scale-out NAS SSD U.2 solution for the EonStor CS data storage family. The new scale-out solution provides high performance for low latency workloads such as high-performance computing, media & entertainment, big data, and others.

The hybrid segment is expected to record the highest CAGR in the network attached storage market during the forecast period

During the projected period, the hybrid segment is expected to experience the greatest CAGR in the network attached storage market. The trend toward such deployment approaches is growing as businesses realise how important it is to maintain a backup of their most important data in order to prevent the loss of that data in the event of a disaster. Hybrid cloud storage has the advantage of combining on-premises control of infrastructure, security, and data with the adaptability of cloud technologies.

Retail and E-commerce dominate the generation of huge customer databases

Due to an increase in ICT infrastructure investment and increased ICT spending by businesses, the IT and telecom sectors are dominating the network attached storage industry. The retail and e-commerce sectors of the economy are expanding steadily on a global scale. Due to an increase in the collection of vast amounts of client data, e-commerce corporations are investing a sizable sum in the industry. Network attached storage market is growing as a result of the expanding number of e-commerce businesses and consumer online shopping. For instance, the number of e-commerce sites, which ranges from 12 to 24 million worldwide, is increasing daily. The demand for NAS systems to store massive volumes of consumer data is driven by the rise of e-commerce enterprises and rising online shopping trends.

Global Network Attached Storage Market By Storage Solution, 2021 (%), 2023 (%)

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Network Attached Storage Market Regional Insights

In 2021, North America held the largest share of the global network attached storage market and it is anticipated to maintain its dominance throughout the forecast period. This is attributable to a number of top players, including Buffalo Americas Inc., Dell Technologies Inc., Hewlett Packard Enterprise Company, Western Digital Corporation, and others. The market is expanding as a result of rising private and public investment in wireless technologies in this region. A number of telecom companies also intend to build 5G networks all around the nation. It created a demand for better storage options for the large amounts of data generated from wireless technology-based connected devices.

During the forecast period, Europe is projected to expand at a considerable growth rate. This is a result of the increase in the number of connected devices and the enormous increase in data generation. Due to a rise in consumer and commercial digitalization, Europe also boasts the highest adoption rates for fixed broadband connections. The highest fixed-broadband subscription rates are found in Europe, according to an ITU report from 2020. The boom in fixed broadband connections in a concentrated area of European countries, along with the global expansion of the internet, has fuelled demand for network storage products and solutions.

Asia Pacific is projected to grow at a significant CAGR and create profitable prospects for market expansion. The main cause of this is the rising popularity of linked gadgets like smartphones. Regional market expansion is fuelled by IoT devices.

Global Network Attached Storage Market By Geography, 2021-2028, 2024-2031
  • Largest
  • Fastest

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Network Attached Storage Market Dynamics

Network Attached Storage Market Driver

  • Rapid digitization

One of the key drivers propelling the network attached storage market is the increase in government digitization programmes, which has resulted in significant growth in digital data. The market has benefited from the increased use of smartphones, laptops, and tablets, which has led to the creation of massive amounts of data. The market benefits from the growing demand for these services in e-government efforts, media and entertainment content, healthcare record digitization, online retail sales, and media and entertainment content.

  • Rapid deployment of next-generation wireless internet technology is expected to aid the market growth

Numerous telecommunications service providers have made investments in the deployment of 5G services, including T-Mobile US, Inc., Nokia Corporation, AT&T, Telefonaktiebolaget LM Ericsson, and Telefonica S.A. The desire for market expansion and the creation of smart industries, cities, and farms is driven by rising 5G investment and the spike in the sale of millions of gadgets. Also, there is a growing need for a number of smart applications, including smart city projects and smart homes, to be connected to the cloud, which produces enormous amounts of data. The network attached storage market has grown as a result of the rising sales of linked smart devices around the world and the rapid expansion of internet usage.

Network Attached Storage Market Restraint

  • Cyber-attacks and data breaches on servers and hard drives are limiting market growth

Computer systems can access files through network attached storage, which serves as a connected storage device. These devices are comprised of file and document storage systems. The security of this stored data is in danger from online criminals. Data security and privacy are crucial considerations for the servers and hardware of network attached storage systems. According to a study conducted by Palo Alto Networks Inc. researchers, an estimated 3500 Synology NAS systems and 240,000 QNAP Systems NAS devices were vulnerable to cyberattacks in August 2021. However, according to the Synology Report, cyberattacks used the brute force method. To prevent such attacks, Synology worked with the Taiwan Computer Emergency Response Team Center (TWCERT/CC). Through this partnership, Synology raised everyone's awareness of the need to strengthen security in order to protect user data.

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Network Attached Storage Market Competitive Landscape

Key players in the network attached storage market are creating cutting-edge goods, including Western Digital Corporation, Seagate Technology Plc, Synology Inc., Hitachi Ltd., and Thecus Technology Corporation. In order to meet end-user demand, major firms are also implementing a variety of strategies, including mergers, acquisitions, partnerships, collaborations, and new product development.

Network Attached Storage Market Top Players Company Profiles

  • Dell EMC
  • NetApp
  • Western Digital
  • IBM
  • Hewlett Packard Enterprise
  • Seagate
  • Hitachi Data Systems
  • Synology
  • QNAP Systems
  • Buffalo Americas
  • Asustor
  • Thecus Technology Corporation
  • Infortrend Technology
  • Drobo
  • ZyXEL Communications
  • Cisco Systems
  • Lenovo
  • NEC
  • Fujitsu
  • Oracle

Network Attached Storage Market Recent Development

  • In October 2021, Amazon.com Inc., an AWS business subsidiary, launched the zone redundancy storage system Amazon MSK Connect with extended compatibility that facilitates Kafka Connect efficiency. It has multiple backup zones across container applications on the Azure Kubernetes Service.
  • In September 2021, Microsoft Corporation launched the zone redundancy storage (ZRS) option for Microsoft Azure’s managed disks. It helped improve the reliability of digital infrastructure and facilitated durable block storage with high-performance for Azure Virtual Machines. It also offers four-disc storage options: Premium SSD, Standard SSD, Ultra Disk Storage, and Standard HDD.

Network Attached Storage Key Market Trends

  • The use of the cloud for the deployment of these solutions provides greater ease because the service provider is in charge of ensuring maximum uptime, data security, and recurring upgrades while lowering the overall cost of ownership. These network attached storage units have been giving users a practical way to unload and backup data from computers while still having remote access to the contents. These devices use secure dedicated IP addresses to store data centrally and provide access for authorised network and on-site users. These gadgets provide a variety of features that are practical and adaptable to meet the requirements of both home users and small and large companies. The supply of these solutions via pay-as-you-go models and SaaS models, in which the service providers also take on the responsibility of managing data and application information, are two current industry developments that are further encouraging the use of these solutions. Furthermore, due to the lower capital expenditure required to establish the necessary infrastructure on their premises, this mode has seen an increase in deployment among small and medium-sized businesses. The market's expansion is being seriously hampered by this ongoing trend. In Jan 2020, QNAP also announced its new budget-friendly two-bay NAS aimed at home users, supporting hardware accelerated media playback. The TS-251D stores up to 32 TB of data and can be further expanded with a PCIe card to add SSD caching or other options.

Network Attached Storage Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.

According to our analysis, when compared to other storage types like DAS (Direct Attached Storage) and SAN, it is projected that more than 80% of midmarket and enterprise organisations are adopting NAS for some layer of storage and exceeding capacity (Storage Area Network). The growth of unstructured data, the expansion of scale-out NAS in business IT systems, and the emphasis on network virtualization and software-defined NAS are the main market-driving factors. Vendors are being forced to provide tailored NAS solutions for companies looking to use NAS as a full-fledged data management solution as NAS systems in enterprise environments become more widely adopted. In the future, it's projected that on-premise NAS and cloud storage integration will become more popular, making it easier to have complete control over the data in the NAS and to backup and archive data in the cloud. The prominent cloud storage services, primarily Amazon S3, are being integrated with the current NAS system by a number of companies for storage provisioning.

Report Metric Details
Market size value in 2023 USD 17.39 billion
Market size value in 2031 USD 45.52 billion
Growth Rate 15%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product Type
    • High-end/Enterprise, Midmarket, Low-end
  • Storage Solution
    • Scale-up NAS, Scale-out NAS
  • Deployment Type
    • On-premises, Remote, Hybrid
  • End User
    • BFSI, Healthcare, Retail & e-commerce, IT & Telecomm, Automotive, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Dell EMC
  • NetApp
  • Western Digital
  • IBM
  • Hewlett Packard Enterprise
  • Seagate
  • Hitachi Data Systems
  • Synology
  • QNAP Systems
  • Buffalo Americas
  • Asustor
  • Thecus Technology Corporation
  • Infortrend Technology
  • Drobo
  • ZyXEL Communications
  • Cisco Systems
  • Lenovo
  • NEC
  • Fujitsu
  • Oracle
Customization scope

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Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Network Attached Storage Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Network Attached Storage Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Network Attached Storage Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Network Attached Storage Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Network Attached Storage Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Network Attached Storage Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Network Attached Storage Market size was valued at USD 17.39 billion in 2019 and is poised to grow from USD 20 billion in 2023 to USD 45.52 billion by 2031, growing at a CAGR of 15% in the forecast period (2024-2031).

Key players in the network attached storage market are creating cutting-edge goods, including Western Digital Corporation, Seagate Technology Plc, Synology Inc., Hitachi Ltd., and Thecus Technology Corporation. In order to meet end-user demand, major firms are also implementing a variety of strategies, including mergers, acquisitions, partnerships, collaborations, and new product development. 'Dell EMC', 'NetApp', 'Western Digital', 'IBM', 'Hewlett Packard Enterprise', 'Seagate', 'Hitachi Data Systems', 'Synology', 'QNAP Systems', 'Buffalo Americas', 'Asustor', 'Thecus Technology Corporation', 'Infortrend Technology', 'Drobo', 'ZyXEL Communications', 'Cisco Systems', 'Lenovo', 'NEC', 'Fujitsu', 'Oracle'

Rapid digitization

The use of the cloud for the deployment of these solutions provides greater ease because the service provider is in charge of ensuring maximum uptime, data security, and recurring upgrades while lowering the overall cost of ownership. These network attached storage units have been giving users a practical way to unload and backup data from computers while still having remote access to the contents. These devices use secure dedicated IP addresses to store data centrally and provide access for authorised network and on-site users. These gadgets provide a variety of features that are practical and adaptable to meet the requirements of both home users and small and large companies. The supply of these solutions via pay-as-you-go models and SaaS models, in which the service providers also take on the responsibility of managing data and application information, are two current industry developments that are further encouraging the use of these solutions. Furthermore, due to the lower capital expenditure required to establish the necessary infrastructure on their premises, this mode has seen an increase in deployment among small and medium-sized businesses. The market's expansion is being seriously hampered by this ongoing trend. In Jan 2020, QNAP also announced its new budget-friendly two-bay NAS aimed at home users, supporting hardware accelerated media playback. The TS-251D stores up to 32 TB of data and can be further expanded with a PCIe card to add SSD caching or other options.

In 2021, North America held the largest share of the network attached storage market and it is anticipated to maintain its dominance throughout the forecast period. This is attributable to a number of top players, including Buffalo Americas Inc., Dell Technologies Inc., Hewlett Packard Enterprise Company, Western Digital Corporation, and others. The market is expanding as a result of rising private and public investment in wireless technologies in this region. A number of telecom companies also intend to build 5G networks all around the nation. It created a demand for better storage options for the large amounts of data generated from wireless technology-based connected devices.

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