The global network-attached storage market size reached US$ 36.4 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 133.8 Billion by 2032, exhibiting a growth rate (CAGR) of 15.56% during 2023-2032.
Network-Attached Storage (NAS) is an IP-based file sharing device that provides easy data and recovery solutions. It offers centralized data storage in a safe and reliable manner and permits data access across other networks. It utilizes network file systems (NFS) and common internet file system (CIFS) as protocols, owing to which the data can be accessed remotely using a network connection. At present, it is extensively utilized in different organizations across the globe for payroll, supporting email systems, accounting databases, video recording and editing, logging data and business analytics.
Rapid digitalization, along with the increasing penetration of wireless communication technologies, represents one of the significant factors impelling the global NAS market growth. Moreover, as NAS systems are effective, scalable and cost-efficient, they are gaining popularity in small-medium enterprises (SMEs) around the world. They also enable continuous data access, which enhances team collaborations and timely response to customers and improves data management and security. Besides this, several cloud-based service providers are focusing on the integration of NAS services to optimize cost, manage performance and provide control over location and security.
Furthermore, due to the rising volume of sensitive data in the banking, financial services and insurance (BFSI) sector, leading manufacturers are adopting NAS systems to secure data storage at a reasonable cost. Apart from this, the introduction of multifunctional NAS systems that connect to a home network, provide remote access to multiple personal computers (PCs) and synchronize data on smartphones is expected to drive the market in the coming years.
Network-Attached Storage (NAS) is an IP-based file sharing device that provides easy data and recovery solutions. It offers centralized data storage in a safe and reliable manner and permits data access across other networks. It utilizes network file systems (NFS) and common internet file system (CIFS) as protocols, owing to which the data can be accessed remotely using a network connection. At present, it is extensively utilized in different organizations across the globe for payroll, supporting email systems, accounting databases, video recording and editing, logging data and business analytics.
Rapid digitalization, along with the increasing penetration of wireless communication technologies, represents one of the significant factors impelling the global NAS market growth. Moreover, as NAS systems are effective, scalable and cost-efficient, they are gaining popularity in small-medium enterprises (SMEs) around the world. They also enable continuous data access, which enhances team collaborations and timely response to customers and improves data management and security. Besides this, several cloud-based service providers are focusing on the integration of NAS services to optimize cost, manage performance and provide control over location and security.
Furthermore, due to the rising volume of sensitive data in the banking, financial services and insurance (BFSI) sector, leading manufacturers are adopting NAS systems to secure data storage at a reasonable cost. Apart from this, the introduction of multifunctional NAS systems that connect to a home network, provide remote access to multiple personal computers (PCs) and synchronize data on smartphones is expected to drive the market in the coming years.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global network-attached storage market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, storage solution, deployment type, and end-use industry.Breakup by Product Type:
- High-End Enterprise NAS
- Midmarket NAS
- Low-End NAS
Breakup by Storage Solution:
- Scale-Up
- Scale-Out
Breakup by Deployment Type:
- On-premises
- Cloud-based
- Hybrid
Breakup by End-Use Industry:
- Banking, Financial Services, and Insurance (BFSI)
- Consumer Goods and Retail
- Telecommunications and IT
- Healthcare
- Energy
- Government
- Education and Research
- Media and Entertainment
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Buffalo Americas Inc., Dell Technologies Inc., Hewlett Packard Enterprise Company, Hitachi Data Systems Corporation, IBM Corporation, NetApp Inc., Netgear Inc., QNAP Systems Inc., Seagate Technology Plc, Synology Inc., Western Digital Corporation, etc.Key Questions Answered in This Report:
- How has the global network-attached storage market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global network-attached storage market?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the storage solution?
- What is the breakup of the market based on the deployment type?
- What is the breakup of the market based on the end-use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global network-attached storage market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Network-Attached Storage Market
6 Market Breakup by Product Type
7 Market Breakup by Storage Solution
8 Market Breakup by Deployment Type
9 Market Breakup by End-Use Industry
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Buffalo Americas Inc.
- Dell Technologies Inc.
- Hewlett Packard Enterprise Company
- Hitachi Data Systems Corporation
- IBM Corporation
- NetApp Inc.
- Netgear Inc.
- QNAP Systems Inc.
- Seagate Technology Plc
- Synology Inc.
- Western Digital Corporation
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 139 |
Published | August 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 36.4 Billion |
Forecasted Market Value ( USD | $ 133.8 Billion |
Compound Annual Growth Rate | 15.6% |
Regions Covered | Global |
No. of Companies Mentioned | 11 |