Press release
Network Attached Storage Market Dynamics: Global Size and Share Analysis 2023-2032
Network Attached Storage Market
The Business Research Company's Network Attached Storage Global Market Report 2023 identifies growing use of 5G technology as the major driver for the Network Attached Storage market's growth in the forecast period. Fifth-generation wireless (5G) is the most recent iteration of cellular technology, designed to improve wireless networks' speed and responsiveness significantly. The increasing use of 5g has led to immense data generation.
The global network attached storage market size is expected to grow from $28.95 billion in 2022 to $33.74 billion in 2023 at a compound annual growth rate (CAGR) of 16.51%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global network attached storage market size is expected to reach $63.14 billion in 2027 at a CAGR of 16.97%.
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Major competitors in the Network Attached Storage market are Dell Technologies Inc., Western Digital Corporation, Synology Inc., QNAP Systems Inc., NetApp Inc., Hewlett Packard Enterprise Company.
A key trend in the Network Attached Storage market includes product innovation. Major companies operating in the network-attached storage market are focused on developing new NAS solutions to strengthen their position. For instance, in June 2022, StorCentric, a US-based data-centric security company, launched Nexsan EZ-NAS for the edge deployments of large organizations and small and medium-sized businesses (SMBs). Advanced enterprise-class capabilities, including in-line compression, AD support, and data-at-rest encryption, are offered by the Nexsan EZ-NAS platform.
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The Network Attached Storage market is segmented -
• By Product Type: High-End Or Enterprise, Midmarket, Low-End
• By Storage Solution: Scale-Out, Scale-Up, Other Solutions
• By Deployment Model: On-Premise, Cloud, Hybrid
• By Application: Home Or Consumer, Business
• By End User: BFSI, Healthcare, Retail And E-Commerce, IT And Telecom, Automotive, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Network Attached Storage market.
The Business Research Company's "Global Network Attached Storage Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Network Attached Storage Market Include:
1. Executive Summary
2. Network Attached Storage Market Characteristics
3. Network Attached Storage Market Trends And Strategies
4. Network Attached Storage Market - Macro Economic Scenario
5. Network Attached Storage Market Size And Growth
……………………………………………………………………….
26. Africa Network Attached Storage Market
27. Network Attached Storage Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Network Attached Storage Market
29. Network Attached Storage Market Future Outlook and Potential Analysis
30. Appendix
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