Next-Gen Storage: The Backbone of Innovation in Healthcare, Finance, and Beyond ($86.2 Billion Market by 2028)
The NAS segment is expected to grow at a high CAGR from 2023 to 2028. The Next-Generation Data Storage Market segment is expected to grow at high rates over the forecast period. A NAS device is connected to a network that allows storage and retrieval of data from a central location for authorized network users and varied clients. It helps enterprises to scale their storage capacities without upgrading or replacing the existing servers. With the high adoption rate of smart home automation in growing countries such as the US, Germany, China, and Japan, the demand for NAS storage systems for home cloud servers is growing rapidly. This will further fuel the segment growth over the forecast timeframe. The SSD segment in the Next-Generation Data Storage market is expected to be the fastest-growing storage medium segment during the forecast period . The SSD segment is projected to be the fastest growing storage medium segment during the forecast period. SSDs use non-volatile solid-state ch