Network Attached Storage Market Size, Share, Growth Report 2032

According to the report published by Zion Market Research, the global Network Attached Storage Market size was valued at USD 24.19 Billion in 2022 and is predicted to reach USD 55.48 Billion by the end of 2030. The market is expected to grow with a CAGR of 9.90% during the forecast period. The report analyzes the global Network Attached Storage Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Network Attached Storage Market industry.

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Global Network Attached Storage Market: Overview

Network attached storage (NAS) provides retrieval and storage facilities for information and data from a particular location for authorized network users and heterogeneous end-users. Network attached storage solutions are easy to install, flexible to use, cost-effective, and also have low maintenance needs. The setting up of NAS can be done within no time with the help of connected gadgets including computers.

Global Network Attached Storage Market: Growth Factors

The growing adoption of network attached storage solutions across small and mid-sized enterprises (SMEs), homes, media & entertainment organizations, educational & research institutes, and consultation service providers has been instigating the growth of the global network attached storage market. A voluminous augmentation of data generated across all these application areas has been responsible for the expansion of this market.

As digital media, smartphones, tablets, and other portable devices become ubiquitous, the deployment of NAS systems will become a commonplace practice. Numerous consumers have been utilizing NAS systems for backup, media streaming devices, and home surveillance solutions. Additionally, several service providers have been offering cost-competitive solutions that are deemed ideal by every company seeking to stay ahead of its game.

Furthermore, the growth in the number of SMEs alongside the escalating volume of investments by IT companies in the development of a robust infrastructure is another propellant of the global network attached storage market outlook.

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Global Network Attached Storage Market: Segmentation

The global network attached storage market has been differentiated on the basis of design, by product, by storage, by deployment, by end-user, and by region. By design, the market can be classified as 1 bay to 8 bays, 8 bays to 12 bays, 12 bays to 20 bays, and more than 20 bays. Based on product, the global network attached storage market has been categorized into enterprise NAS solutions, and midmarket NAS solutions.

On the basis of storage, the market is segmented into scale-up NAS and scale-out NAS. The scale-up NAS segment accounted for a larger market share than scale-out NAS solutions because such solutions are generally deployed in medium and small-sized homes, offices, hotels, and educational institutions where data is generated on a moderate scale and this data in only required to be stored. Furthermore, scale-up NAS solutions cost lesser when comparing with scale-out solutions.

Based on deployment, global network attached storage market has been segregated into on-premises, remote, and hybrid. The hybrid segment has been projected to exhibit the highest growth rates within the global network attached storage market over the forthcoming timeline. The adoption of these deployment modes has been rising every day because several organizations are required to have a backup of essential data and information to avoid the risk of losing crucial information in case any problem occurs. Hybrid cloud storage combines on-premises command over the infrastructure or framework, data, and storage with the adaptable characteristic of cloud technology. This is one of the many advantages of hybrid cloud storage which is expected to propel the growth of the global network attached market share during the upcoming times.

By end-user, the market can be bifurcated into consumer goods & retail, healthcare, government, media & entertainment, business & consulting, banking, financial services & insurance (BFSI), telecommunications & ITES, energy, education & research, manufacturing, and others including automotive, aerospace & defense, logistics, and food processing.

Network Attached Storage Market: Report Scope

Global Network Attached Storage Market: Regional Analysis

Asia Pacific is set to exhibit the highest CAGR in the global network attached storage market during forthcoming timeframe. This is attributable to the growing presence of small and mid-sized establishments in this region. Moreover, the surging investments and expenditures by these establishments towards the enhancement of IT framework is another growth driver augmenting the expansion of the network attached storage (NAS) market in Asia Pacific.

The growing adoption of big data analytics as well as data mining applications has been crucial in the advancement of Asia Pacific network attached storage market forecast. The BFSI (banking, financial services and insurance) sector has been thriving in this region and as it works on improving scalability and manageability of the increasing volume of confidential data, it might emerge as a key contributor.

Global Network Attached Storage Market: Competitive Players

The major names competing in the global network attached storage market comprise of :

• NetApp, Inc.
• Hitachi, Ltd.
• Dell Technologies Inc.
• Western Digital Corporation
• Hewlett Packard Enterprise Company (HPE)
• NETGEAR, Inc.
• Buffalo Americas, Inc.
• Drobo, Inc.
• IBM
• Microsoft
• D-Link Corporation
• Infortrend Technology Inc.
• SoftNAS, Inc.
• Seagate Technology Public Limited Company (PLC)
• Synology, Inc.
• QNAP Systems, Inc.
• ASUSTOR Inc.
• Huawei Technologies Co.
• Cisco Systems, Inc.
• Thecus Technology Corp
• Nasuni Corporation
• Panasas.

The global Network Attached Storage Market is segmented as follows:

by product 

• enterprise NAS solutions 
• midmarket NAS solutions 

by storage

• scale-up NAS 
• scale-out NAS 

by deployment

• on-premises
• remote 
• and hybrid

by end-user

• consumer goods & retail 
• healthcare 
• government 
• media & entertainment
• business & consulting 
• banking 
• financial services & insurance (BFSI)
• telecommunications & ITES 
• energy
• education & research 
• manufacturing 
• and others including automotive
• aerospace & defense 
• logistics
• food processing

Global Network Attached Storage Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.