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Network-Attached Storage (NAS) Market worth 45.21 Billion USD by 2023 | Key players include Dell EMC, NetApp, Inc., Hewlett-Packard Enterprise Company and NETGEAR, Inc.

01-24-2019 10:42 AM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

MarketsandMarkets

MarketsandMarkets

According to the latest market report "Network-Attached Storage (NAS) Market by Storage Solution (Scale-up, Scale-out), Deployment Type (On-Premise, Remote, Hybrid), End-User Industry (BFSI, Telecommunications & ITeS, Consumer Goods & Retail), and Geography - Global Forecast to 2023", the network-attached storage (NAS) market, the global NAS market is expected to be worth USD 45.21 Billion by 2023, growing at a CAGR of 20.1% from 2017 to 2023.

Browse 64 Market Data Tables and 41 Figures spread through 137 Pages and in-depth TOC on "Network-Attached Storage (NAS) Market - Global Forecast to 2023"

https://www.marketsandmarkets.com/Market-Reports/network-attached-storage-market-35395533.html

Early buyers will receive 10% customization on this report.

For secure data storage and features such as file-based storage and multiple client access are the reason for the adoption of NAS devices across various end-user industries and hence propelling the growth of the NAS market. Following to this, increasing dependence on digital content being stored in the cloud environment by SMBs, the proliferation of social media content along with high-speed data transfer technologies such as 4G & 5G and the need for a large amount of secure data storage devices for video surveillance application is further driving the growth of the NAS market.

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Scale-out NAS is expected to hold the largest market share in 2023

The NAS market for scale-out storage solution is expected to hold the largest market share in 2023. In scale-out NAS system, the capacity of the device can be expanded by adding clustered nodes to store and manage data. With the capacity of the scale-out array, its performance increases, and at the same time, there is a change in the overall system with the addition of nodes. With additional features to upgrade the storage capacity, scale-out storage solution–based NAS devices have been considered as an alternative to scale-up storage solution based–NAS devices.

NAS market for the healthcare sector to witness the highest growth rate from 2017 to 2023

The NAS market for the healthcare end-user industry is expected to grow at the highest rate during the forecast period. The healthcare industry comprises healthcare services and facilities, medical devices suppliers and manufacturers, medical insurance, and pharmaceuticals. These organizations need to keep the record of the patients. To keep track of the patients, the healthcare organizations use NAS devices. These devices enable the organizations to keep records and to analyze and keep track of patients’ history.

North America leads the NAS market in terms of market size

North America, being the early adopter of advanced data storage technologies, held the largest share of the NAS market in 2016, followed by Europe and APAC. Every industry in North America is being digitized and demands advanced data storage solutions. This is the major reason behind its largest share in the NAS market.

The companies that are profiled in the report are Dell EMC (US), NetApp, Inc. (US), Hewlett-Packard Enterprise Company (US), Hitachi Data Systems Corporation (US), Western Digital Corporation (US), NETGEAR, Inc. (US), Synology, Inc. (Taiwan), Buffalo Americas (US), Seagate Technology PLC. (US), and QNAP Systems, Inc. (Taiwan).

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=35395533&utm_source=OpenPR

This report describes the market trends, drivers, restraints, opportunities, and challenges for the NAS market and forecasts the market up to 2023. The report also includes the vendor DIVE matrix of the market, along with a detailed view of the market across 4 major regions: North America, Europe, Asia Pacific, and Rest of the World (which includes the Middle East and Africa [MEA] and South America). The report profiles the 10 most promising players in the NAS market.

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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