The Network Attached Storage market is projected to grow from USD 25.7 billion in 2022 to reach USD 51.0 billion by 2028; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 12.1% from 2022 to 2028.


The Asia Pacific NAS market is expected to grow at the highest CAGR during the forecast period. The market growth is driven by the increasing penetration of micro, small, and medium enterprises (MSMEs) across the region.


The midmarket NAS solutions segment is expected to hold high market share during the forecast period. Today’s generation is tech-savvy and uses advanced products such as smartphones, tablets, laptops, and other smart devices. The growing penetration of these electronic devices has led to an increase in the amount of digital content in the form of unstructured data.


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Opportunity: Increasing adoption of hybrid cloud storage


The growing amount of unstructured data sets is the output of increased internet usage. This unstructured data is in the form of audio files, videos, or images. However, storing this data safely and securely has become a tough task. Cloud storage has become vital with the rapid growth in data generation. Hybrid NAS solutions are a combination of traditional NAS devices and cloud storage. They enable the creation of a virtual database where information can be stored in a single volume and accessed from anywhere. This, in turn, improves replication, remote mirroring, and data security. It also allows for data compressing to minimize space. With the help of hybrid NAS, companies can efficiently share and manage their critical data. With the increase in data volumes, the interest of customers and organizations is shifting toward adopting hybrid NAS.


Challenge: Lack of proper infrastructure to secure data


At present, the world is moving toward digitization; hence, data has emerged as a new, valuable asset. Increased data quantity has pressurized enterprises to get adequate infrastructure to secure and leverage the data generated. In the case of inappropriate or insufficient infrastructure, there is a threat of data loss or theft. Sometimes, implementing an apt infrastructure is costlier for enterprises. However, the growing demand for data security is forcing organizations to plan for proper infrastructure investments.