Global network attached storage market forecasted at USD86.17B by 2026

The global network attached storage market is estimated to be USD 37.68 billion in 2021 and is expected to reach USD 86.17 billion by 2026, growing at a CAGR of 17.99%, according to Research and Markets.

5G’s ability to connect millions of devices will drive the development of smart cities, factories, and smart agriculture. Hence, these factors are the rapid deployment of 5G likely to uplift the demand for these systems. Network Storage drivers measure increasing requirements to access knowledge anytime within the company network and web. Increase in adoption of workplace remote & virtual, business continuity coming up with and therefore the making ought to offer remote access to company networks to workers fueling demand for the NAS technology.

Anticipated demand to stay high among the tiny and medium enterprises, as NAS devices offer a cheap resolution for these corporations that square measure typically saddled with problems, such as restricted access there too and monetary resources. Another market growth is the surge within the massive usage of analytics and data processing applications. The increasing number of cyber-attacks is likely to restrict the market growth. Challenges are security concerns for remotely located data hampering the market growth.

CT Bureau