Network-attached Storage Market Overview:

Planet Market Reports Market research analyst predicts the Global Network-attached storage (NAS) Market to grow at a CAGR of around 11% by 2020. NAS devices have a very simple design and provide easy installation. Consumers are increasingly adopting NAS appliances because they are easy to configure without any technical knowledge. The device is pre-installed with a vendor-designed OS which enables individual consumers to manage data storage at any point of time. Users can also customize the device based on their needs, create or restrict access to the device, and enable security mechanisms. In addition, NAS devices are compatible with any hardware or network, which eases network management for individual consumers. These devices have their own IP address and do not consume network bandwidth from other devices. Moreover, the online management of the NAS network has also reduced the network complexity. The continuous innovations and compatibility benefits of the NAS devices will increase their adoption rate in the coming years, influencing the overall growth of the market.

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With the rising concerns over security breach of the stored data in NAS devices, the manufacturers are incorporating several security features to make the devices more reliable. Many third-party security solution vendors such as Symantec are offering scalable, high-performance virus scanning, and repair services to protect the valuable data stored on these devices. They provide better scanning performance and enhanced detection properties for protection against multi-blended threats. These consumer NAS device vendors are also integrating a 256-bit advanced encryption engine into their products for better data security. Such inclinations towards amending the security features of NAS storage will increase the demand for NAS devices in the coming years.

The global Network-attached Storage Industry is provided in the report based on product scope and market status & outlook. The market is segmented on the basis of type, end-users/application, and geography. By type, the market is further bifurcated into Extreme File OnPremise, Cloud Based. The report provides information about the production, price, revenue, market share, and growth rate of each type. Application wise, the market is segmented into Extreme File Industrial Sector, IT, Data Processing Component, Government and Defense, Cloud Processing Component, Others. Regarding this segment, this report focuses on the status and outlook for major applications/end users, consumption, market share, and growth rate. Geographically, the market has been analyzed across North America, Europe, China, Japan, Southeast Asia, and India. The status and prospect through 2012-2022 for each of these regions are listed in the report.

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The key players which provide solutions in the global Network-attached Storage Market include Dell, Buffalo, EMC Corporation, HewlettPackard, IBM Corporation, Hitachi Data Systems Corporation, NetApp, LSI Corporation, Overland Storage, NetGear, Panasas, SGI Corporation, Seagate Technology, Synology, QNAP SystemsvZyXEL Communications Corporation, ASUSTOR, Drobo, Thecus Corporation. Information about the production, capacity, price, revenue (value), and market share of each of these manufacturers from 2012 to 2017 are clearly described in the report.

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The trends and marketing strategies such as mergers and acquisitions, adopted by each of the manufacturers provide an understanding of the level of competitiveness prevailing in the industry.

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