Network Attached Storage (NAS) Market Share, Development by Companies Outlook, Growth Prospects and Key Opportunities by 2022-2032 | Says FMI Analyst

 The network attached storage (NAS) market is projected to arrive at a valuation of US$ 116.6 Bn by 2032 from US$ 31 Bn in 2022, rising quickly at a CAGR of 14.2% all through the estimate period.

The rising reception of 4G and 5G advances, the production of high-volume computerized content, and the developing use of cell phones, PCs, and tablets, which bring about the age of gigantic measures of information, are the essential drivers driving the development of network attached storage (NAS) market.

The critical drivers of the network attached storage market are the rising prerequisite to get to information in the corporate network and the web whenever and from any area. The rising use of remote and virtual office settings, business progression arranging, and the necessity to offer workers with remote admittance to corporate networks, thusly, are driving interest for network attached storage (NAS) innovation.

Business activities need the reinforcement of touchy information, and network attached storage (NAS) frameworks are the best arrangement. The expanded utilization of network attached storage (NAS) innovation is because of the utilization of reinforcement targets and records to store information duplicates.

Key Takeaways  

  • The market size for network attached storage (NAS) in the United States is expected to reach US$ 41.5 Bn by 2032, growing at a CAGR of 13.9% during the research period.
  • United Kingdom is expected to reach a market size of US$ 4.8 Bn in network attached storage (NAS) by 2032, with a CAGR of 12.8% during the research period.
  • China’s network attached storage (NAS) market is expected to be worth US$ 8.4 Bn by 2032, with a CAGR of 13.5% over the forecast period.
  • Japan is expected to have a market size for network attached storage (NAS) of US$ 6.7 Bn by 2032, with a CAGR of 12.4% during the research period.
  • By 2032, South Korea is expected to reach a market size of US$ 4.2 Bn in network attached storage (NAS), with a CAGR of 11.7% during the research period.
  • In the design sector, 1 Bay to 8 Bays from the network attached storage (NAS) market is anticipated to flourish at the quickest CAGR of 14.2% through 2032.
  • With a CAGR of 14.0% through 2032, midmarket NAS solutions are predicted to grow significantly in the product sector of the network attached storage (NAS) market.

Competitive Landscape: 

The market for network-attached storage is very fragmented. Previously, the network attached storage (NAS) market was dominated by the key companies. However, an increased business need for data storage is driving many new companies into the network attached storage (NAS) market, making it competitive.

ZyXEL Communications Corporation, Thecus Technology Corporation, Drobo Inc., Asustor Inc., Dell EMC, Buffalo Technology Inc., Hewlett-Packard Development Company, Hitachi Data Systems Corporation, NetApp Inc., International Business Machines (IBM) Corporation, Seagate Technology PLC, and others are among the key network attached storage (NAS) market players.

How are Some Challenges Stifling Network Attached Storage (NAS) Market Growth

As network attached storage (NAS) is a type of storage connected to a computer system and delivers file services, cyber attackers can access this data, posing a cyber security concern. This is anticipated to be a challenge that might hamper the growth of the network attached storage (NAS) market during the forecast period.

Data security and privacy are critical characteristics for network-connected storage systems servers and hardware. Failing to provide data security, the network attached storage (NAS) market is likely to face challenges throughout the forecast period.

FOR More Info - https://www.futuremarketinsights.com/reports/network-attached-storage-nas-Market

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