Network-Attached Storage (NAS) Market Segmentation, Trend Analysis, Methodology And Overview Research by 2023

1. Network-Attached Storage (NAS) Market Segmentation, Trend Analysis, Methodology & Overview by 2023 “The Network-Attached Storage (NAS) Market is expected grow from USD 12.78 Billion in 2016 to USD 45.21 Billion in 2023, at a CAGR of 20.1% from 2017 to 2023.” The Network-Attached Storage (NAS) Market is expected grow from USD 12.78 Billion in 2016 to USD 45.21 Billion in 2023, at a CAGR of 20.1% from 2017 to 2023. The major drivers for the growth are increasing dependence on digital content being stored in the cloud environment by small and mid-sized businesses (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. In deployment type, on-premise holds the largest share of the NAS market, in terms of market value. Moreover, the market for hybrid deployment type is expected to grow at the highest rate in the NAS market from 2017 to 2023. Hybrid storage solutions have advantages and disadvantages over both on- premise and remote storage. The hybrid storage solution behaves like a homogeneous storage. These are virtually transparent and possess mechanisms that keep active and frequently used data on-premise and move inactive data to the remote location-based systems. Among the various end-user industries covered in this report, in 2016, BFSI held the largest market share in terms of value, followed by telecommunications & ITeS vertical. BFSI sector, a highly customer-centric sector, is transforming and adopting new processes to make its customers avail easy solutions such as mobile applications, online transactions, and others. A large amount of data is generated every day with day-to-day financial transactions getting done worldwide. These data from the customers are very crucial. The security of such data is a big concern for the banking and financial sector. Network-attached storage devices offer secure data storage at a lower cost with several scalability options. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=35395533

2. Of all the regions, North America held the largest market share in terms of revenue, while APAC is expected to grow at the second-highest CAGR from 2017 to 2023. Industrialization, the growth of small- and medium-sized businesses, and start-ups are major contributors to the growth of the NAS market in APAC and RoW. The economic development in Japan and China is very high. Enterprises in these countries have adopted latest technologies to sustain and grow in the rigorous competition. To remain competitive in increasing operational efficiency, operational outcomes, and financial profitability, companies in this region are investing a lot in upgrading their IT capabilities The security of data is a concern when the data are stored in a remote place, which restraints the growth of the NAS market. Dell EMC (US), NetApp (US), Hewlett-Packard Enterprise Company (US), Hitachi Data Systems (US), and Western Digital Technologies (US) are some of the leading players in the NAS market as of 2016. Request Sample Copy of this Market Research @ https://www.marketsandmarkets.com/requestCustomization.asp?id=35395533 Objectives of the Study To define, describe, and forecast the network-attached storage market, in terms of value, segmented on the basis of deployment type, storage solution, end-user industry, and geography To define, describe, and forecast the network-attached storage market, segmented on the basis of deployment type, storage solution, end-user industry, and geography To forecast the market, in terms of value, for various segments with respect to 4 main regions: North America, Europe, Asia Pacific, and Rest of the World To strategically analyze the micromarkets with regard to individual growth trends, prospects, and contribution to the total market To analyze the opportunities in the market for stakeholders and detail the competitive landscape for the market players To strategically profile key players and comprehensively analyze market rankings and core competencies To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges) To analyze the competitive developments such as joint ventures, mergers and acquisitions, product launches/developments, and research and development in the network-attached storage market To map the competitive intelligence based on company profiles, key player strategies, and game- changing developments such as product developments, collaborations, and acquisitions

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