openPR Logo
Press release

Global NAS Market Growing at 20% CAGR to 2024

06-25-2018 03:57 PM CET | Media & Telecommunications

Press release from: marketstudyreport.com

MarketStudyReport.com Adds New Network Attached Storage (NAS) Market 2018 – 2024 research report providing information and data By Architecture, By Deployment Model, By Application, Industry Analysis, Regional Outlook and more, spread across 380 Pages.

Conceptualized in an era dominated by big data analytics and advanced data storage entities, network attached storage market has paved the path for myriad design configurations to debut in the IT sphere. As the adoption of the cloud, IoT and AI surges by the day, consumers will be adopting NAS systems to add storage space, configure remote access, set up automatic backups, and offer built-in data encryption. The convenience of a private cloud is particularly a pivotal feature offered by NAS systems, given the significance of cloud adoption. As per estimates, by the end of 2018, 80% of IT budgets will be committed to cloud solutions. In 2016, the adoption of hybrid cloud adoption grew by three times, rising to 57% from 19%. With extensive popularity surge of cloud computing platforms, the cloud-based deployment model is forecast to gain traction in NAS industry by 2024.
Network Attached Storage (NAS) Market Research Report for the period of 2018-2024 that shows the growth of the market is rising at a 20% CAGR to 2024.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/1130969/

Network Attached Storage (NAS) market is projected to surpass USD 20 billion by 2024. NAS is a dedicated file storage system that operates through a standard Ethernet connection to offer a file-based shared storage to LAN nodes. The device operates as an independent network node on the LAN and has its own unique IP address. A NAS system provides data access to a heterogeneous cluster of clients. Organizations use NAS solutions as a reliable data storage method, which can be easily managed and controlled with their established network systems.

The NAS market is projected to register a lucrative growth with an impressive CAGR of over 20% between 2018 and 2024. This growth is attributed to the growing adoption of cloud-based storage solutions by SMEs, increase in big data analytics & data mining applications, and ease-of-installation & automatic data backup capabilities. Increasing volume of social media content and rapid proliferation of high-speed data transfer technologies are also expected to largely assist the market growth during the forecast timeline.

As companies are increasingly turning toward server virtualization, the network attached storage solutions are gaining renewed attention. They facilitate flexible, reliable, and highly scalable networked storage in virtualized environments. Small businesses are majorly adopting the storage technology to benefit from the features such as lower cost of storage infrastructure, easy and reliable data backup capability, centralized data storage, and continuous availability of enterprise data. This makes it easier for employees to seamlessly collaborate and respond to customers in a timely fashion. SMBs can leverage NAS solutions to add the storage capacity in an affordable way, share capacity with other parties (customers, suppliers), and automatically & continuously backup their critical business data.

NAS systems are offered in a diverse set of configurations by the manufacturers wherein they act as a central media hub for a family in consumer applications and can scale up to the largest data centers for enterprise applications. The companies offer these systems in different variations such as preconfigured storage systems with drives, or as unpopulated enclosures having open bays where customers can insert hard-disk drives to add to the overall storage capacity. Moreover, the devices with multiple hard drives often come equipped with Redundant Array of Independent Disks (RAID) capability, which enables the storage of duplicated data across multiple hard drives. When one drive stops functioning properly, users can simply replace it and the data automatically repopulate the new drive.

Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/1130969/

The competition in the NAS market is primarily characterized by the consistent product development and innovation initiatives by the companies to strengthen their NAS product portfolio and diversify it with solutions specifically meant for different target market segments such as home/consumer, SMBs, and enterprise customers. Consumer applications of the storage technology are growing rapidly due to the vast amount of data being generated by social networking platforms, digital entertainment platforms, and smart home automation & surveillance systems. This increasing trend of storing and sharing multimedia content among consumers has prompted NAS manufacturers to aggressively develop and commercialize consumer-oriented solutions to gain a competitive advantage in the rapidly growing market.

North America held the majority market share of around 48% in 2017 due to early adoption of the advanced storage technology by the enterprises in the U.S. Also, with large-scale adoption of cloud platforms and extensive presence of cloud infrastructure by the leading global players such as Amazon Web Services (AWS), Microsoft, and IBM in the region, the adoption of NAS solutions in North America is expected to grow consistently over the forecast timeline.

Europe is projected to remain the second largest market for NAS solutions by 2024. The significant market coverage can be attributed to the widespread adoption of the storage technology by SMEs in the region, consistently expanding the data center infrastructure, and increasing the emphasis by key market players on extending their presence in the European market.

Table of Content:

Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Network Attached Storage (NAS) Industry Insights
Chapter 4 Competitive Landscape, 2017
Chapter 5 Network Attached Storage (NAS) Market, By Architecture
Chapter 6 Network Attached Storage (NAS) Market, By Design
Chapter 7 Network Attached Storage (NAS) Market, By Deployment Model
Chapter 8 Network Attached Storage (NAS) Market, By application
Chapter 9 Network Attached Storage (NAS) Market, By Region
Chapter 10 Company Profiles

More Report At: https://empowerednews.net/author/gminsights/

Related Report:

2018 Global Network Attached Storage (NAS) Systems Industry Report - History, Present and Future

The global market size of Network Attached Storage (NAS) Systems is $XX million in 2017 with XX CAGR from 2013 to 2017, and it is expected to reach $XX million by the end of 2023 with a CAGR of XX% from 2018 to 2023.

https://www.marketstudyreport.com/reports/2018-global-network-attached-storage-nas-systems-industry-report-history-present-and-future/?utm_source=RR-PSR

About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:
Market Study Report
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Industry News: news.marketsizeforecasters.com
Blog: https://www.marketstudyreport.com/blog

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global NAS Market Growing at 20% CAGR to 2024 here

News-ID: 1096897 • Views:

More Releases from marketstudyreport.com

Load Bank Market Growth Prospectus by 2028 - Business Opportunities by ASCO Power Technologies (Schneider Electric), Simplex, Shenzhen Sikes, Pite Tech
Load Bank Market Growth Prospectus by 2028 - Business Opportunities by ASCO Powe …
A concise assortment of data on the 'Load Bank Market' offers an exhaustive study targeting current market trends influencing the business across assorted regions. Significant details related to market size, market share, applications, and statistics are put together to convey an ensemble prediction of the industry. The research further focuses on comprehensive competitor analysis in addition to highlighting growth strategies embraced by market leaders. Load Bank Market Size was estimated
Agriculture Equipment Market is Expected to Reach USD 161640 Million by 2028 - John Deere, CNH Industrial, Kubota, AGCO, Claas, Yanmar, Mahindra, LOVOL
Agriculture Equipment Market is Expected to Reach USD 161640 Million by 2028 - J …
Global Agriculture Equipment Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of the market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report. Global Agriculture Equipment Market Size was estimated at USD 114110 million in 2021 and is projected to reach USD 161640 million by 2028, exhibiting a CAGR of
Electric Vehicle Market Size to grow at a CAGR of 23.5% through 2028| Tesla Inc., Volkswagen AG, SAIC Motors, BYD Auto Co. Ltd., BMW Group, Nissan Motor Co. Ltd., Hyundai Group
Electric Vehicle Market Size to grow at a CAGR of 23.5% through 2028| Tesla Inc. …
Global Electric Vehicle Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report. The electric vehicles (EVs) market is estimated to witness a robust growth rate of 23.5% during the period 2019-2028. The operation is done to stop ligament tears and
Fuel Cell Air Compressor Market is Expected to Reach USD 512.3 Million by 2028 - Garrett Motion, Hanon Systems, UQM Technologies, FISCHER Fuel Cell Compressor
Fuel Cell Air Compressor Market is Expected to Reach USD 512.3 Million by 2028 - …
Global Fuel Cell Air Compressor Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report. Global Fuel Cell Air Compressor Market Size was estimated at USD 215.1 million in 2021 and is projected to reach USD 512.3 million by 2028, exhibiting

All 5 Releases


More Releases for NAS

NaS Batteries Market 2022 | Detailed Report
The NaS Batteries research report undoubtedly meets the strategic and specific needs of the businesses and companies. The report acts as a perfect window that provides an explanation of market classification, market definition, applications, market trends, and engagement. The competitive landscape is studied here in terms of product range, strategies, and prospects of the market’s key players. Furthermore, the report offers insightful market data and information about the NaS Batteries
Consumer NAS and SMB NAS Market – Global Industry Analysis, Size, Share, Growt …
ReportsnReports.com adds "Consumer NAS and SMB NAS Market - Global Outlook and Forecast 2018-2023" report to its research store. Get Free Sample Copy of This Consumer NAS and SMB NAS Market at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1730956. This market research report on consumer and SMB NAS market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by end-user (consumer, SOHO,
Consumer NAS and SMB NAS Market - Global Outlook and Forecast 2018-2023 | Arizto …
The global consumer and SMB NAS market size is expected to reach values of approximately $12 billion by 2023, growing at a CAGR of more than 9% 2018–2023, states latest report by Arizton The global consumer and SMB NAS market is driven by the growing demand for efficient, reliable and affordable solutions to store the data. The introduction of enhancing systems that enable remote access to the file, secure storage to
Enterprise NAS
NAS is a storage system that enables file sharing among enterprise users. It is an independent network node in the local area network (LAN) that consists of individual Internet protocol (IP) addresses. File transfer is achieved through an Ethernet connection between users and NAS systems. NAS allows multiple users access to the same file in a network. In an enterprise environment, NAS systems are used for backup, archiving, and disaster recovery
Global Enterprise NAS Market 2015-2019
NAS systems create a shared file based storage between enterprise users. NAS exists as an independent network node on the LAN and comprises individual IP addresses. File transfer is achieved through Ethernet connections between users and NAS. It facilitates simultaneous access to multiple users. NAS systems can be used as backup storage in enterprises for archiving and disaster recovery purposes. NAS systems with server mode can also function as a
ASUSTOR Releases Enterprise-Level Rackmount NAS
An optimal storage solution for businesses that features the Intel® Atom™ 2.13 GHz dual core processor and support for VMware, Citrix and Hyper-V virtual environments Taipei, Taiwan, January 29th, 2013 –ASUSTOR Inc., a leading innovator and provider of network storage solutions, today announced the release of four new enterprise-level 1U and 2U rackmount NAS devices. These new devices consist of the four drive bay AS-604RS and AS-604RD models and the nine