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

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]. <br><br>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.<br>

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

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  1. 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.marketsandmarkets.com/Market-Reports/network-attached-storage-market-35395533.html

  2. 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"

  3. 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/pdfdownloadNew.asp?id=35395533

  4. 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.com/requestsampleNew.asp?id=35395533 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).

  5. 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.

  6. About MarketsandMarkets MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

  7. Contact Us Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 For More Info: https://www.marketsandmarkets.com/PressReleases/network-attached-storage.asp

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