Network-attached storage 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.
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 Network-attached storage (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).
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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.
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