The global market for Network Attached Storage (NAS) Devices is estimated at US$33.7 Billion in 2023 and is projected to reach US$92.8 Billion by 2030, growing at a CAGR of 15.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the NAS market is driven by several factors. Technological advancements in storage solutions are making NAS devices more efficient and affordable, thereby increasing their adoption among small and medium-sized enterprises (SMEs). For example, developments in SSD (Solid State Drive) technology are enhancing the performance and reliability of NAS devices, while cost reductions in storage media are making high-capacity NAS solutions more accessible. The proliferation of data-intensive applications, such as video surveillance, Internet of Things (IoT), and artificial intelligence (AI), is generating a greater need for reliable and scalable storage solutions, boosting demand for NAS devices. These applications often require continuous data capture and analysis, necessitating robust storage infrastructures that can handle large volumes of data. Consumer behavior is also playing a significant role, with an increasing number of individuals seeking high-capacity storage solutions for personal data, media files, and home security systems. Additionally, regulatory requirements for data protection and compliance are compelling businesses to invest in advanced storage solutions like NAS to ensure data integrity and security. Regulations such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) mandate stringent data protection measures, driving the adoption of NAS solutions that can help organizations meet these requirements.
The growth in the NAS market is driven by several factors. Technological advancements in storage solutions are making NAS devices more efficient and affordable, thereby increasing their adoption among small and medium-sized enterprises (SMEs). For example, developments in SSD (Solid State Drive) technology are enhancing the performance and reliability of NAS devices, while cost reductions in storage media are making high-capacity NAS solutions more accessible. The proliferation of data-intensive applications, such as video surveillance, Internet of Things (IoT), and artificial intelligence (AI), is generating a greater need for reliable and scalable storage solutions, boosting demand for NAS devices. These applications often require continuous data capture and analysis, necessitating robust storage infrastructures that can handle large volumes of data. Consumer behavior is also playing a significant role, with an increasing number of individuals seeking high-capacity storage solutions for personal data, media files, and home security systems. Additionally, regulatory requirements for data protection and compliance are compelling businesses to invest in advanced storage solutions like NAS to ensure data integrity and security. Regulations such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) mandate stringent data protection measures, driving the adoption of NAS solutions that can help organizations meet these requirements.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Midmarket NAS Solutions segment, which is expected to reach US$68.1 Billion by 2030 with a CAGR of a 16.4%. The Enterprise NAS Solutions segment is also set to grow at 13.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $9.0 Billion in 2023, and China, forecasted to grow at an impressive 14.3% CAGR to reach $13.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Network Attached Storage (NAS) Devices Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Network Attached Storage (NAS) Devices Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Network Attached Storage (NAS) Devices Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ASUSTOR Inc., Avere Systems, Buffalo, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 46 Featured):
- ASUSTOR Inc.
- Avere Systems
- Buffalo, Inc.
- Dell EMC
- Dell, Inc.
- Hewlett Packard Enterprise Development LP
- Hitachi Vantara
- IBM Corp.
- Nasuni Corp.
- NetApp, Inc.
- NETGEAR®, Inc.
- Oracle Corp.
- Panasas, Inc.
- QNAP Systems, Inc.
- Seagate Technology plc
- Synology, Inc.
- Western Digital Corp.
- Zadara Storage
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYREST OF EUROPEREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
Companies Mentioned
- ASUSTOR Inc.
- Avere Systems
- Buffalo, Inc.
- Dell EMC
- Dell, Inc.
- Hewlett Packard Enterprise Development LP
- Hitachi Vantara
- IBM Corp.
- Nasuni Corp.
- NetApp, Inc.
- NETGEAR®, Inc.
- Oracle Corp.
- Panasas, Inc.
- QNAP Systems, Inc.
- Seagate Technology plc
- Synology, Inc.
- Western Digital Corp.
- Zadara Storage
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 193 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 33.7 Billion |
| Forecasted Market Value ( USD | $ 92.8 Billion |
| Compound Annual Growth Rate | 15.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 18 |
