Network-Attached Storage Market Update
@ 2024/01/15The network-attached storage (NAS) market had a break-out decade in the 2010s, with a large number of vendors trying to get a slice of the pie. Brands such as EMC / Lenovo and Thecus have fallen by the wayside, and even established storage vendors like Seagate decided to drop out of the market. QNAP and Synology have held firm in the commercial off-the-shelf (COTS) NAS market meant for home users, prosumers, SOHO, and SMB installations. ASUSTOR (backed by ASUS) has also been regularly releasing NAS units since their first product appeared in late 2012. TerraMaster released their first NAS around the same time, but opted to focus more on the direct-attached storage segment throughout the 2010s. The brand has shown renewed interest in the NAS market over the last few years. Despite the cut-throat competition in the COTS NAS market, some Asian vendors are attempting to get a toe-hold after establishing themselves in allied markets. UGREEN, a consumer electronics brand known for its power banks, chargers, USB adapters, and docks has also announced its entry into the NAS market, but we will cover that in a separate article.