Network Attached Storage Market Set To Double, Forecasted To Reach USD 51.0 Billion By 2028

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MarketsandMarkets Presents

Network Attached Storage Market Set To Double,
Forecasted To Reach USD 51.0 Billion By
2028 Network Attached Storage Market by Design
(1-8 Bays, 8-12 Bays, 12-20 Bays, more than 20
Bays), Product (Enterprise, Midmarket), Storage
Solution (Scale-up NAS, Scale-out NAS),
Deployment Type, End-user Industry Region
Global Forecast to 2028 https//www.marketsandmar
kets.com/Market-Reports/network-attached-storage-m
arket-35395533.html
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The global network attached storage (NAS) market
is poised for remarkable expansion, according to
the latest market analysis report released by
Your Company or Industry Source. The market,
valued at USD 25.7 billion in 2022, is
anticipated to undergo an exceptional Compound
Annual Growth Rate (CAGR) of 12.1 during the
period from 2022 to 2028, reaching an estimated
value of USD 51.0 billion by 2028. Browse 310
market data Tables and 64 Figures spread
through 360 Pages and in-depth TOC on "Network
Attached Storage (NAS) Market - Global Forecast
to 2028"
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Key drivers fostering the growth of the NAS
market include Rapid Digitalization The
surge in digital data generated across
industries, driven by trends like IoT, big data
analytics, and cloud computing, is escalating the
demand for robust and scalable storage
solutions. Remote Workforce Dynamics The
shift toward remote work and hybrid work models
has accentuated the need for secure, accessible,
and centralized data storage solutions,
propelling the adoption of NAS systems. Data
Security and Compliance Heightened concerns
regarding data security, integrity, and
regulatory compliance are fueling the adoption of
NAS solutions offering enhanced security features
and data management capabilities. Download PDF
Brochure https//www.marketsandmarkets.com/pdfdo
wnloadNew.asp?id35395533
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Network Attached Storage (NAS) systems, essential
components of modern data storage architectures,
play a pivotal role in storing and managing data
efficiently across networks. These systems offer
scalability, flexibility, and cost-effectiveness,
driving their widespread adoption across various
industries and organizations of all sizes. Ask
for Sample Report https//www.marketsandmarkets.c
om/requestsampleNew.asp?id35395533 Market
analysis indicates that North America currently
dominates the NAS market, followed closely by
regions such as Europe and Asia Pacific. However,
rapid digital transformation initiatives and
increasing investments in IT infrastructure in
emerging economies are expected to drive
significant market growth in the Asia Pacific
region during the forecast period. Key NAS
Companies in the market are Dell Technologies
Inc. (US), NetApp, Inc. (US), Hewlett Packard
Enterprise Company (US), Hitachi, Ltd. (Japan),
Western Digital Corporation (US), Seagate
Technology Holdings Public Limited Company (US),
NETGEAR, Inc. (US), Synology Inc. (Taiwan),
Buffalo Americas, Inc. (US), Pure Storage, Inc.
(US), and QNAP Systems, Inc. (Taiwan).
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NAS Market Dynamics Opportunity Increasing
adoption of hybrid cloud storage The growing
amount of unstructured data sets is the output of
increased internet usage. This unstructured data
is in the form of audio files, videos, or images.
However, storing this data safely and securely
has become a tough task. Cloud storage has become
vital with the rapid growth in data generation.
Hybrid NAS solutions are a combination of
traditional NAS devices and cloud storage. They
enable the creation of a virtual database where
information can be stored in a single volume and
accessed from anywhere. This, in turn, improves
replication, remote mirroring, and data security.
It also allows for data compressing to minimize
space. With the help of hybrid NAS, companies can
efficiently share and manage their critical data.
With the increase in data volumes, the interest
of customers and organizations is shifting toward
adopting hybrid NAS. Challenge Lack of proper
infrastructure to secure data At present, the
world is moving toward digitization hence, data
has emerged as a new, valuable asset. Increased
data quantity has pressurized enterprises to get
adequate infrastructure to secure and leverage
the data generated. In the case of inappropriate
or insufficient infrastructure, there is a threat
of data loss or theft. Sometimes, implementing an
apt infrastructure is costlier for enterprises.
However, the growing demand for data security is
forcing organizations to plan for proper
infrastructure investments. Moreover, instances
such as work-from-home and hybrid work policies
are creating challenges for the IT teams to set
up the infrastructure that would offer seamless,
smooth business operations from the users
locations. Thus, the lack of proper
infrastructure is a major challenge in the growth
of the NAS market. Organizations need to make
investments in improving their infrastructure to
overcome this challenge.
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