NAS Market to grow at 20% CAGR from 2018 to 2024

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Global Network Attached Storage Market to surpass
20bn by 2024 Fractovia.org
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Key Insights of NAS Market

• Network attached storage market has emerged to be
  one of the most viable investment avenues over
  the recent years with the massively proliferating
  cloud technology adoption. Big data and advanced
  analytics have brought a dramatic turnaround of
  sorts for network operators with regard to
  managing the large data volume. In a bid to
  analyze and manage these huge disparate data
  sets instantaneously, enterprises are
  increasingly adopting NAS solutions. Testament of
  the aforesaid is the worldwide NAS industry share
  from cloud deployment mode which is slated to
  register a commendable y-o-y growth of 24 over
  2018-2024.
• On virtue of its far-flung benefits like
  scalability and ease of access, numerous tech
  giants in recent years have been on the go to
  come up with a plethora of innovative solutions
  that can be conveniently deployed across telecom
  IT, retail, media entertainment, healthcare,
  and consumer sectors. A recent instance depicting
  the widening product portfolio pertaining to NAS
  solutions is Synologys latest release, dubbed as
  DS1618.
• Elaborating further, storage solution giant
  Synology has recently upgraded its 6 Bay NAS
  device. An enhanced version of its predecessor,
  DS3018xs in particular, DS1618 though exhibits a
  similar design as that of a 6 Bay layout, is
  claimed to feature a better Intel quad-core
  processor.

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Continued

• For the record, Synologys flagship DS3018xs,
  which was launched in 2017, incorporates Pentium
  D1208 dual-core 2.2 GHz processor. Not just that,
  it is also inbuilt with PCle slots for installing
  an optional dual M.2 SATA SSD adapter that can
  shift processing into solid state drives in a bid
  to maintain efficiency and speed. Synologys
  latest 6 Bay NAS tower, DS1618 is touted to be
  an exceptional one as it amalgamates all these
  features with an enhanced processor and is touted
  as a disruption of sorts in the product landscape
  of NAS industry.
• Concurrently, the company has also launched four
  other DS and DS models last year that are
  claimed to replace the existing NAS enclosures.
  This incidence particularly validates how 1 Bay
  to 8 Bay NAS towers are gaining a mass popularity
  in network attached storage market, primarily
  aided by the increased adoption of these systems
  for consumer applications. In fact, estimates
  claim, the 1 Bay to 8 Bay NAS market to witness
  the fastest growth at 25 y-o-y 2018-2024.
• Speaking of the design landscape, it is prudent
  to mention that in 2017, 12-bay to 20-bay also
  emerged as one of the top-notch solutions having
  procured almost 40 of the overall NAS industry
  share. The major customers were reported to be
  SMEs and the SOHO sector. One of the popular
  trends this segment has been undergoing is the
  development of highly enhanced performance-oriente
  d storage systems that ensure reliability as well
  as security. The sector has indeed been an
  acclaimed venturing hub for the industry players
  considering its rich end-use base.

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Network Attached Storage Market

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North America NAS Market Size, By Business
Application, 2017 2024 (USD Million)

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NAS Industry Background
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Continued.

• In a recent turn of events witnessed across
  12-bay to 20-bay NAS market, QNAP Systems, few
  months back made its way to the front page with
  the launch of its 16-bay TS-1677X Ryzen NAS.
  Allegedly, this new enterprise class encompass
  twelve 3.5-inch drive bays and four 2.5-inch
  drive bays. Boasting of a portfolio that include
  AMD Ryzen 8-core processor, SSD caching, and
  optimized storage capacity, this highly upgraded
  model is claimed to boost the visualization
  performance impressively. Though QNAPs profound
  stance in the competitive network attached
  storage industry space is not unheard of, the
  introduction of TS-1677X is certain to strengthen
  its business position further considering the
  products exceptional design package.
• Whether NAS solutions could drive the future of
  advanced analytics is a debatable subject as of
  now, however the tech realm over the past few
  years suggests a substantial commercialization
  scope for network attached storage industry. Add
  to it, with digital distribution of media, the
  business space is observing a slew of new
  opportunities worldwide. As far as the
  profitability potential is considered, the global
  NAS market size is forecast to exceed USD 20
  billion by 2024.

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