Network Attached Storage Solutions Market is Set to Rise at 4% CAGR During 2019 to 2027, Need to Secure Large Amount of Data Powers the Growth - TMR

ALBANY, New York, Feb. 24, 2020 /PRNewswire/ -- With the developments of technologies like IoT and AI, data has created an astonishing value in business sector these days. Looking at the importance of the data, businesses are investing a major amount in solutions that shall keep it safe and secure from the attackers. These investments are one many factors that are propelling the growth of global network attached storage solutions market during the forecast period of 2019 to 2027. Moreover, the demand to improve the integrity of the data is also a crucial aspect that boosts the growth of the market, says a recent report by Transparency Market Research.

"Progression of Industry 4.0 has stimulated businesses to implement automation into their processes. With the help of automation, organizations can optimize their processes and add significant value to their business. However, with pacing demand for automation, the importance of data has also skyrocketed. Moreover, there is a massive threat on organizations of data loss and data stealing. These threats require specific solutions to keep the data of a business safe. Based on these demands the global network attached storage solutions market is projected to witness 4% CAGR during 2019 to 2027 and is also expected to reach to the value of US$ 10 Bn by the end of 2027." –Transparency Market Research

Key Findings in Global Network Attached Storage Solutions Market Report

For a better understanding about the dynamics of the global network attached storage solutions market, the report classifies the market into various categories. These categories are further divides the market into various segments that further provides a better picture of the global network attached storage solutions market to the readers. With these insights the businesses can derive effective strategies that might help them have a successful future in the global network attached storage solutions market during the tenure of 2019 to 2027. Some of the segments of global network attached storage solutions market mentioned in the reports are:

• Network storage devices used in IT and telecom sectors are expected to account for US$ 2 Bn in the global network attached storage solutions market says the report. This revenue generation by the market is the result of growing demand for safe and secure storage for the data in various organizations.
• In terms of end-users, the media and entertainment accounted for US$ 970 Mn in 2018. The segment is expected to continue the steady growth and shall remain the third highest grossing segment of the global network attached storage solutions market during the tenure of 2019 to 2027.
• Hybrid cloud storage shall be the most widely used technology in the global network attached storage solutions market. This is popularity of the technology is attributable to growing crunch of space and demand for more data in various businesses.

Explore the actionable insights from the report on global network attached storage solutions market available under the title: Network Attached Storage (NAS) Solutions Market (Component: Hardware, Services [Consulting, System Integration, Support & Maintenance]; Enterprise Size: Small and Medium Enterprises, Large Enterprises; (Industry: BFSI, Retail & e-Commerce, Government & Education, Military & Defense, Healthcare, IT & Telecom, Media and Entertainment, Energy & Utilities, Manufacturing, Others [Logistics & Transportation]) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027 at https://www.transparencymarketresearch.com/network-attached-storage-nas-solutions-market.html

Major Drivers of Global Network Attached Storage Solutions Market

The insights on the drivers of the global network attached storage solutions market provides a clearer picture of the market to the readers. These insights help the businesses to understand the momentum and progression of global network attached storage solutions market during the estimated time frame. With the help of these insights from the report on global network attached storage solutions market by Transparency Market Research, the players can make better decisions and have a sustainable future. Key drivers profiled in the market are:

• Demand for cost effective and secure storage for the data is the major driver that propels the growth of the market. The demand for such solution is the result of growing threats of data phishing and data breaches that are currently prevailing in IT sector these days.
• Influx of high volume of data has made it nearly impossible for the businesses to collect and store the data in-house. This challenge has created an enormous requirement for network attached storage solutions that can effectively store data and deploy it in real-time.
• Easy integration of the network attached storage solutions with the existing infrastructure of the business is also a crucial benefit that boosts the growth of global network attached storage solutions market during the tenure of 2019 to 2027.

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Major Impediments in the Global Network Attached Storage Solutions Market

The report by Transparency Market Research not just highlights the positive aspect of the global network attached storage solutions market but also enlightens the readers with the challenges and the roadblocks that might impede the growth of global network attached storage solutions market during the tenure of 2019 and 2027. With the help of these insights the players can prepare for bullish growth of the market and still have a successful future in the global network attached storage solutions market.

• The major challenge that might impede the growth of the global network attached storage solutions market is the growing depletion of bandwidths. With growing data traffic, the existing bandwidths might not be sufficient for the storage solutions to transfer the data in real time. This roadblock might bring a considerable slowdown to the growth of global network attached storage solutions market during the tenure of 2019 to 2027.
• Lack of scalable network storage solutions shall further impact the growth of global network attached storage solutions market during the estimated time frame.

Though faced by various challenges, the technological developments such as development of scalable and flexible network storage solutions might help the market to maintain its growth potential in the coming year of the forecast period.

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Global Network Attached Storage Solutions Market: Regional Analysis

As per the report, the global network attached storage solutions market is expected to be dominated by North America during the projected tenure. This dominance of the market is the result of the growing digitization of businesses in countries like U.S. and Canada. Moreover, the demand for effective and secure data storage in the business sector shall also propels the prominence of North America in global network attached storage solutions market during the tenure of 2019 to 2027.

Analyze network attached storage solutions market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.

Competitive Landscape

The global network attached storage solutions market is projected to possess a highly competitive and fragmented landscape during the tenure of 2019 to 2027. This nature of the market is the result of presence of various prominent players that dominate the dynamics of the global network attached storage solutions market. However, due to this presence, the new players might find it difficult to enter the global network attached storage solutions market and establish themselves.

To overcome this scenario, the new players are engaging into strategies such as mergers and partnerships. These strategies help the players to accommodate resources that shall help them avail a sustainable future in the global network attached storage solutions market during the tenure of 2019 to 2027.

The global network attached storage solutions market is segmented on the basis of:

Network Attached Storage Solutions Market by Component

• Hardware
• Services
• Consulting
• System Integration
• Support & Maintenance

Network Attached Storage Solutions Market by Enterprise Size

• Small and Medium Enterprises (SMEs)
• Large Enterprises

Network Attached Storage Solutions Market by Industry

• BFSI
• Retail and e-Commerce
• IT and Telecommunications
• Media and Entertainment
• Energy and Utility
• Government Offices and Education
• Aerospace and Defense
• Healthcare
• Manufacturing
• Others

Network Attached Storage Solutions Market by Region

• North America
• Latin America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
  

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