The network file system market is anticipated to rise to a valuation of USD 3.5 Billion in 2022 and is likely to reach USD 13.5 Billion by 2032. It is likely to grow with a CAGR of 14.2% during the forecast period from 2022 to 2032.
| Report Attribute | Details |
|---|---|
| Network File System Market Value (2022) | USD 3.5 Billion |
| Network File System Market Anticipated Forecast Value (2032) | USD 13.5 Billion |
| Network File System Market Projected Growth Rate (2022 to 2032) | 14.2% |
Network file system market share is likely to rise as the network file system is widely used for business processes in enterprises to allow users to access a file from the desktop of their clients. The IT needs of an organization that includes storing, process and serving a large amount of data on a server are anticipated to generate the demand for network file system during the forecast period.
As business processes are becoming complex, there is a notable surge in demand for data centres, resulting in the evolvement of multi-tenant data centres, which is likely to increase the adoption of network file system. The network file system caters to multiple clients with a single instance of a software application, with clients having a shared affinity at some level, which is further likely to propel the demand for network file system.
The network file system enables sharing of information with client in a prompt and seamless manner, thereby leading to the rise in the network file system market growth.
The demand for network file system increases as it is further used in various operating systems, allowing remote procedures calls and is a low-cost system. It also allows the storage of all files locally on the hard disk & reduce the storage problem. Due to such benefits the network file system market size is likely to rise during the forecast period.
The network file system transfers large data files with high performance and less latency, which is likely to increase the sales of network file system during the forecast period. Different sectors such as IT, Telecommunications, BSFI, Logistics, Transportation, Healthcare, Manufacturing and others are likely to boost the network file system market growth due to widespread use of the network file system to secure their data.
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The ever-growing internet traffic is the major driver in the network file system market share during the forecast period. Moreover, factors such as continuous up-gradation in data centres, resulting in obsolescence in existing data centres, is likely to the demand for network file system.
Quick response, deployment, and technical advancements are also some important factors are like to influence the network file system market during the forecast period. However, data security concerns and inflexibility are some challenges faced in the network file system, which decline the network file system market during the forecasted period. Another factor that can restrain the growth of the network file system market is reduction in the data inconsistency.
As per the FMI report, the key industries play a vital role all around the regions that growing the network file system market share during the forecast period from 2022 to 2032. Based on the product segment, it is further categorised into NFSv3, NFSv4, NFSv2 and others that are likely to rise in the network file system market size during the forecast period as per network file system market report.
The market is supposed to fluctuate at the time of COVID-19 situations & start again with the same speed with the help of market participants including vendors, distributors, suppliers, manufacturers, and end-users to raise the lion’s share in the network file system market growth.
The network file system delivers more with few resources resulting in the reduction of the capital expenditures in data centres. Companies are adopting the network file system infrastructure as it also caters for the need for a quick response in business processes are likely to increase the adoption of network file system in the coming period.
North America region holds a prominent share in the network file system market growth due to the presence of a wide variety of end-user enterprises and a competitive environment in the region during the forecast period from 2022 to 2032.
It acquires 32.6% of the share in the global network file system market size during the forecast period. The various industries are likely to grow the North American network file system market analysis.
In Europe, the network file system market is likely to grow at a significant pace due to the rise in business demands and IT needs. Europe placed in the second position in the network file system market by acquiring 21.7% of the share in the network file system market. The adoption of network file system rising due to the large-scale outsourcing of managed hosting services in this region during the forecast period from 2022 to 2032.
The network file system is allowed to share the file & data among the client by providing centralized administration and data security, which are likely to grow the network file market key trends & opportunities in the recent year.
The network file system uses in several application operating systems including macOS, Linus and Unix which are used in almost every enterprise leading to an increase in the network file system market size.
The adoption of network file system allows the users to make use of a single file which gives the available information, latest trends using the same file are anticipated to grow the network file system future trends during the forecast period from 2022 to 2032.
CenturyLink, Cisco, IBM Corporation, Digital Realty, Equinix, Inc., RACKSPACE, Global Switch, Level 3 Communications, and NTT Communications Corporation, are some of the key players in the network file system market.
Other prominent players in this market include Ascenty, AT&T, CentriLogic, China Telecom, CtrlS Datacenters, Cyrus, Expedient Data Centers, Telefonica, Telehouse (KDDI), Datapipe, Digiplex, DuPont Fabros, Fujitsu, HCL, Interoute Communications, Interxion, IO, NaviSite, PCCW Global, Singtel, Telstra International, Verizon Enterprise, and Zayo Group.
Recent Development in Network File System Market are:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 14.2% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Enterprise Size, Version, Features, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | CenturyLink; Cisco; IBM Corporation; Digital Realty; Equinix, Inc; RACKSPACE; Global Switch; Level 3 Communications; NTT Communications Corporation |
| Customization | Available Upon Request |
The network file system market is likely to advance at a CAGR of 14.2% through 2032.
The North American region holds a network file system market share of 32.6% by 2032.
The network file system market is anticipated to expect USD 3.5 Billion in 2022.
The network file system market is expected to account for USD 13.5 Billion by 2032.
Network File System Market
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