Network Attached Storage (NAS) is a storage device that provides hard disk drive capacity connected to the network. NAS storage devices can be used as multimedia devices that support universal plug & play (UPnP) and digital living network alliance (DLNA) protocols that offer ample number of applications such as gaming, data sharing, and live streaming over the network.
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Increase in the adoption of cloud-based subscription is expected to boost the market. High interoperability and flexibility of NAS devices are anticipated to fuel the market.
However, data security is still one of the major concerns that are expected to hinder the growth of the market. Moreover, growth of Internet of Things (IoT) and big data market are expected to boost the market during the forecast period.
The NAS network memory market is segmented on the basis of storage solution, deployment type, industry vertical, and geography. By storage solution, the market is divided into scale out and scale up.
By deployment type, the market is segmented into remote, on-premises, and hybrid. By end user, the market is divided into BFSI, manufacturing, telecommunications & IT, media & entertainment, healthcare, consumer goods & retail, government, and others.
By industry vertical, the market is segmented into BFSI, manufacturing, telecommunications, media & entertainment, transportation, retail, and others. On the basis of geography, the market has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Hewlett Packard Enterprise Company, Dell EMC, Netapp Inc., Hitachi Data Systems Corporation, Western Digital Corporation, Seagate Technology Public Limited Company, Netgear Inc., Synology Inc., Buffalo Americas Inc., and QNAP Systems Inc. are some of the key players of the global NAS network memory market.
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