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Network Attached Storage Market is Expected to Grow in 2028

At the beginning of a recently published report on the Network Attached Storage Market 2019-2027, an extensive analysis of the industry has been done with an insightful explanation. The overview has explained the potential of the market and the role of key players that have been portrayed in the information that revealed the applications and manufacturing technology required for the growth of the Network Attached Storage Market.

Various segments of the market have been divided into different divisions. They have been depicted the maximum share and profit maximization of the industry during the forecasting period of 2019 to 2027. This is mentioned in the report too. Depending on the information, it has been recognized with different data and figures offered by the analysis of the overall understanding of the marketplace and value. Various distinctive features involve the market’s knowledge based on the factors like demographic changes, dimensions, historical details, and overviews. The research is also included in the strategic movements that are undertaken by the top-notch markets.

The Global Network Attached Storage Market size was USD 14.74 billion in 2019 and is projected to reach USD 54.57 billion by 2027, exhibiting a CAGR of 18.2% during the forecast period.

List Of Key Companies Profiled in network-attached storage Market are:

  • Dell Technologies Inc.  (Texas, United States)
  • NetApp, Inc. (California, United States)
  • Hewlett Packard Enterprise Company (HPE) (California, United States)
  • Hitachi, Ltd.  (Tokyo, Japan)
  • Western Digital Corporation (California, United States)
  • Seagate Technology Public Limited Company (PLC) (California, United States)
  • NETGEAR, Inc. (California, United States)
  • Synology, Inc.  (Taipei, Taiwan)
  • Buffalo Americas, Inc. (Texas, United States)
  • QNAP Systems, Inc. (Taipei, Taiwan)
  • Drobo, Inc. (California, United States)
  • ASUSTOR Inc. (Taipei, Taiwan)
  • IBM Corporation (New York, United States)

Scope of the Report:

  • Network Attached Storage Market 2021 global industry research report is a professional and in-depth study on the Advanced Traffic Management Systems trends, share, size, growth, as well as industry analysis. Furthermore, the size, the revenue shares of each segment and its sub-segments, as well as forecast figures are also covered in this report.
  • The Global Network Attached Storage Market report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions’ development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue, and gross margins.
  • The financial parameters which are assessed include the sales, profits, and the overall revenue generated by the key players of the industry. Furthermore, the report offers a detailed analysis and information as per Network Attached Storage Market Growth Analysis by manufacturers, segments helping our readers to get a comprehensive overview of the global

Drivers & Restraints-

Introduction of 5G Network by Telecom Service Providers to Bolster Growth

Several telecom service providers, such as Telefonica, Nokia, AT&T, and Ericsson are introducing 5G services rapidly. It is capable of connecting millions of devices, which, in turn, is set to boost the development of smart agriculture, smart factories, and of smart cities. Besides, the rising plans to develop smart cities would generate more demand for NAS systems as the cities will be connected to the cloud. However, the increasing concerns regarding privacy and security may hinder the network attached storage market growth in the coming years.

Segment-

Mid-market Segment to Show Considerable Growth Backed by Ability to Provide Enterprise Storage

Based on product type, the mid-market segment held 50.1% in terms of network attached storage market share in 2019. This growth is attributable to their ability to provide improved efficiency and performance for enterprise storage.

Regional Analysis-

Rising Investments by Firms to Spur Digitalization to Favor Growth in the Asia Pacific

Geographically, in 2019, North America procured 5.60 billion in terms of revenue. The U.S. and Canada are the major contributors to growth. The Asia Pacific, on the other hand, is set to open doors to lucrative opportunities in the forthcoming years because of the expansion of the IT & telecom industry in the region. Google, for instance, is planning to invest around USD 10 billion in India through equity investments and partnerships for propelling digitalization across the country.

This Report Answers the Following Questions:

  • What are the current trends propelling the growth of the network attached storage market?
  • What are the innovations done by reputed organizations?
  • Which are the key segments to focus on in the near future for prioritizing investments?
  • What are the challenges and opportunities for the market?