Global Network Attached Storage (NAS) Market Research Report 2027
Global Network-Attached Storage (Nas) Market is projected to fuel due to the increased use of smartphones, laptops, etc. led to the generation of large volumes of data and growth in big data analytics and data mining applications
The global network-attached storage (NAS) market size was valued at USD 18.72 billion in 2019 and anticipated to reach USD 58.56 billion by 2027, growing at a CAGR of 13.79% during the forecast period, 2020-2027. The growth of the market is primarily attributed to rising BYOD trends across enterprises in the world.
Additionally, the proliferation of social media contents and high-speed data transfer technologies such as 4G & 5G will augment the robust growth of the global network-attached storage (NAS) industry. The growing need to access data anytime, anywhere in the corporate network and internet, is positively impacting the market growth.
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The surge in applications of NAS in homes for storing multimedia files, automated backup, and in smart homes provide centralized storage for security systems, the internet of things, components, and smart TV will spur the growth of the market. Further, the NAS helps business owners in easy-to-manage centralized systems that securely store documents, images, and other multimedia files. These factors estimated to trigger the growth of the global network-attached storage (NAS) market share in the forecast span.
Moreover, the advantages of NAS, such as ease of access, reasonably low cost, high capacity, and performance advantage over DAS, are vital factors estimated to promulgate the growth of the global network-attached storage (NAS) market. The upsurge in demand for a large amount of secure data storage devices for video surveillance applications propelling the growth of the network-attached storage (NAS) in the coming years.
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Last Update : 13 July 2020
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