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The global Network-Attached Storage 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 network-attached storage market.Request Free Sample Pages:https://www.marketsandmarkets.com/requestsampleNew.asp?id=35395533Scale-out NAS is expected to hold the largest market share in 2023The network-attached storage market for scale-out storage solution is expected to hold the largest market share in 2023.

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.Network-attached storage market for the healthcare sector to witness the highest growth rate from 2017 to 2023The 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.

These devices enable the organizations to keep records and to analyze and keep track of patients’ history.North America leads the network-attached storage market in terms of market sizeNorth 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.

Market Highlights:The Global Network-Attached Storage Market is growing rapidly mainly due to the efficient, cost-effective solutions NAS provides for data storage & retrieval.

The increase in adoption of NAS by small and medium enterprises is another key driving force escalating the market on the global heights.Acknowledging the exponential growth, this market perceives currently Market Research Future (MRFR) in its recently published study report asserts that the global network-attached storage market is projected to reach approximately 44.96 BN USD by 2023, registering a striking double0digit CAGR over 20% between 2017 and 2023.The Network-Attached Storage systems provide users with cost-effective solutions for increased control over data and the greater flexibility to accommodate changing business conditions.

The need to meet regulations & compliance and to improve & sustain strategic risk management have fuelled the growth of the network attached storage systems market.The augmenting demand to capture and analyze the rapidly increasing data in the digital technologies such as the Internet of Things (IoT), cloud computing, and the big data analytics are generating the demand for the network attached storage systems.Additionally, factors such as the growing volume of business data, increasing regulatory pressure, increasing usages of external data sources, and the need for improvement of the performance of data are substantiating the growth of the market.On the flip side, factors such as lack of awareness and security issues are estimated to obstruct the growth of the market.

Nevertheless, factors like the increasing demand for data access functions in big data, and the evolving artificial intelligence are expected to boost the growth of the network-attached storage market over the forecast period, 2017-2023.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/3814Segments:The MRFR analysis is segmented into five key dynamics for the convenience of understanding;By Types : Small-medium business-level NAS, Enterprise NAS storage, and Consumer Level NAS among others.By Storage Solution : Scale-up and Scale-out among others.By Deployment Type : Remote, On-premise, and Hybrid among others.By End-user : Healthcare, Government, BFSI Telecommunication, and IT among others.By Regions : North America, Europe, APAC, and the Rest-of-the-World.Regional Analysis:North America region is the largest market in terms of the market share in the global network-attached storage market owing to the presence of many industries.

The study signifies that network-attached storage is trending among the small and medium enterprises and its market is projected to be the most attractive markets in the region.Factors substantiating market growth include the unparalleled expansion of data, increasing the adoption of the Internet of Things (IoT), and stringent data related to regulatory compliances.

Moreover, the factors such as the early adoption of emerging technologies, substantial investments in cloud-based solutions, and the presence of a huge number of players present in this region are supporting the market growth.The European region will be the second largest market share for network-attached storage solutions during the forecast period.