Network Attached Storage (NAS) Market Size

Network Attached Storage Market Size

Network Attached Storage Market size valued at USD 20 billion in 2022 and is projected to expand at more than CAGR of over 15% from 2023 to 2032. This growth is attributed to the proliferation of different social media platforms and their availability on mobile devices. The volume of data generated from these platforms has increased significantly and is set to grow further over the forecast period. Audio, video & graphic content, measuring high in terms of file size, are being generated and shared extensively through these platforms. Consumers accessing and storing multimedia data from these sources require effective data storage solutions to maintain regular data backups. NAS solutions are witnessing an increasing demand from such consumers for personal data backup functions.

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NAS devices work on the IP network with users using a wide variety of protocols over the Ethernet for accessing NAS storage. Data threats due to sniffer attacks are increasing on IP networks, thereby increasing concerns regarding data security. The IP network becomes congested during huge data backup operations, affecting the normal functioning of the device. Also, the Ethernet is a lossy environment, which results in network congestion and packet drops, affecting data security. This makes these systems unsuitable for mission-critical operations