Dublin, July 22, 2024 (GLOBE NEWSWIRE) -- The "Network Attached Storage (NAS) Devices - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Network Attached Storage (NAS) Devices is estimated at US$33.7 Billion in 2023 and is projected to reach US$92.8 Billion by 2030, growing at a CAGR of 15.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the NAS market is driven by several factors. Technological advancements in storage solutions are making NAS devices more efficient and affordable, thereby increasing their adoption among small and medium-sized enterprises (SMEs). For example, developments in SSD (Solid State Drive) technology are enhancing the performance and reliability of NAS devices, while cost reductions in storage media are making high-capacity NAS solutions more accessible.
The proliferation of data-intensive applications, such as video surveillance, Internet of Things (IoT), and artificial intelligence (AI), is generating a greater need for reliable and scalable storage solutions, boosting demand for NAS devices. These applications often require continuous data capture and analysis, necessitating robust storage infrastructures that can handle large volumes of data. Consumer behavior is also playing a significant role, with an increasing number of individuals seeking high-capacity storage solutions for personal data, media files, and home security systems.
Additionally, regulatory requirements for data protection and compliance are compelling businesses to invest in advanced storage solutions like NAS to ensure data integrity and security. Regulations such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) mandate stringent data protection measures, driving the adoption of NAS solutions that can help organizations meet these requirements.
Key Questions Answered:
- How is the Global Network Attached Storage (NAS) Devices Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Midmarket NAS Solutions segment, which is expected to reach US$68.1 Billion by 2030 with a CAGR of a 16.4%. The Enterprise NAS Solutions segment is also set to grow at 13.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $9.0 Billion in 2023, and China, forecasted to grow at an impressive 14.3% CAGR to reach $13.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ASUSTOR Inc., Avere Systems, Buffalo, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 193 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $33.7 Billion |
| Forecasted Market Value (USD) by 2030 | $92.8 Billion |
| Compound Annual Growth Rate | 15.6% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- Global Economic Update
- Network Attached Storage (NAS) Devices - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Shift Towards Hybrid Cloud Solutions Propels Growth in NAS Market
- Increasing Data Analytics and Big Data Needs Expand Addressable Market Opportunity for NAS Devices
- Technological Advancements in Multi-Bay NAS Units Strengthen Business Case for Enhanced Data Redundancy
- Rise in Home Media Storage and Streaming Drives Adoption of Consumer NAS Devices
- Innovations in SSD Technology Accelerate Demand for High-Performance NAS Solutions
- Proliferation of Data-Intensive Applications Spurs Growth in NAS Market
- Growing Importance of Data Security and Compliance Drives NAS Adoption
- Integration of Remote Access Capabilities Throws the Spotlight on NAS Devices for Distributed Teams
- Cost Reductions in Storage Media Expand Addressable Market for SMEs
- Enhanced RAID Configurations Sustain Growth in NAS Market
- Rising Consumer Awareness about Data Backup and Recovery Drives Market Adoption
- Increasing Adoption of IoT and AI Applications Generates Demand for Scalable NAS Solutions
- Regulatory Requirements for Data Protection Boosts NAS Market Growth
- Expansion of Digital Content Libraries Drives Demand for High-Capacity NAS Storage
- Growing Trend of Remote Work and Collaboration Drives Adoption of NAS Devices
FOCUS ON SELECT PLAYERS (Total 46 Featured)
- ASUSTOR Inc.
- Avere Systems
- Buffalo, Inc.
- Dell EMC
- Dell, Inc.
- Hewlett Packard Enterprise Development LP
- Hitachi Vantara
- IBM Corp.
- Nasuni Corp.
- NetApp, Inc.
- NETGEAR, Inc.
- Oracle Corp.
- Panasas, Inc.
- QNAP Systems, Inc.
- Seagate Technology plc
- Synology, Inc.
- Western Digital Corp.
- Zadara Storage
For more information about this report visit https://www.researchandmarkets.com/r/xn5005
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