Market Research Report
Network-Attached Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||953016|
|Published||Content info||116 Pages
Delivery time: 2-3 business days
|Network-Attached Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: July 18, 2020||Content info: 116 Pages||
The global network-attached storage market grew at a CAGR of around 20% during 2014-2019. Network-Attached Storage (NAS) is an IP-based file sharing device that provides easy data and recovery solutions. It offers centralized data storage in a safe and reliable manner and permits data access across other networks. It utilizes network file systems (NFS) and common internet file system (CIFS) as protocols, owing to which the data can be accessed remotely using a network connection. At present, it is extensively utilized in different organizations across the globe for payroll, supporting email systems, accounting databases, video recording and editing, logging data and business analytics.
Rapid digitalization, along with the increasing penetration of wireless communication technologies, represents one of the significant factors impelling the global NAS market growth. Moreover, as NAS systems are effective, scalable and cost-efficient, they are gaining popularity in small-medium enterprises (SMEs) around the world. They also enable continuous data access, which enhances team collaborations and timely response to customers and improves data management and security. Besides this, several cloud-based service providers are focusing on the integration of NAS services to optimize cost, manage performance and provide control over location and security. Furthermore, due to the rising volume of sensitive data in the banking, financial services and insurance (BFSI) sector, leading manufacturers are adopting NAS systems to secure data storage at a reasonable cost. Apart from this, the introduction of multifunctional NAS systems that connect to a home network, provide remote access to multiple personal computers (PCs) and synchronize data on smartphones is expected to drive the market in the coming years. Looking forward, IMARC Group expects the global network-attached storage market to exhibit strong growth during the next five years.