In the last few years, India witnessed significant growth towards the adoption of next-generation storage devices & systems. Storage devices & systems market in India is registering year-on-year growth of over 15%, where devices such as Network Attached Storage (NAS) are gaining momentum.
Demand for NAS for upto 24 bay is primarily generated from SME and home/ SOHO end user segments. Amongst these end user segments, home/ SOHO end user registered key growth due to increasing penetration of 1-Bay NAS. In SME end user market, demand is predominantly witnessed from 2 & 4-Bay NAS segments.
According to 6Wresearch, India Network Attached Storage (Up to 24-Bay) market revenue is forecast to reach $89 million 2022. NAS systems which were primarily used in large enterprises are now attaining acceptance in SME and home/ SOHO markets on the back of increasing awareness, declining prices and introduction of entry level NAS in Indian market. The market for NAS in India over the next six years is forecast to witness healthy growth attributed to increasing number of SMEs, rising IT budgets, and adoption of cloud based systems.
According to “Prijo Samuel, Senior Research Analyst, Research and Consulting, 6Wresearch,” India has one of the largest internet subscribers base in the global market. With rising consumer awareness, increasing penetration of smartphones, demand for BYOD and increasing number of SMEs, the market for NAS would record growth in the coming years.”
According to “Rishi Malhotra, Research Associate, Research and Consulting, 6Wresearch,” NAS upto 24-Bay is led by players such as NETGEAR, QNAP, and Synology principally in 2 to 4-Bay NAS space.
Additionally, companies such as NETGEAR and QNAP are expected to focus towards production/ assembly of NAS due to growing demand in the country.
Major companies in India NAS (Up to 24-Bay) market include- QNAP, Synology, NETGEAR, D-Link, Seagate, and Western Digital.
“India NAS Systems (Up to 24-Bay) Market (2016-2022)” provides in-depth analysis with 51 figures and 11 tables covered in more than 110 pages. The report estimates and forecast overall India NAS systems market by revenue, sales volume, NAS systems type, specifications, and end users. The report also gives key insights on competitive landscape, market share by companies, company profiles, market trends, market drivers and restraints.