The global network-attached storage industry market was valued at $25.6 billion in 2022, and is projected to reach $96.1 billion by 2032, growing at a CAGR of 14.6% from 2023 to 2032.
A specialized file storage device known as network attached storage (NAS) is connected to a network and enables numerous people and devices to store, access, and manage data across a local area network (LAN) or a larger network, such as the Internet.
Future developments indicate that on-premises NAS integration with cloud storage is expected to become more common. This is anticipated to enable total control over data in the NAS as well as cloud backup and archiving. For storage provisioning, several suppliers strive to combine the current NAS system with well-known cloud storage services. During the projection period, these elements are anticipated to fuel demand for network attached storage (NAS) systems.
The surge in the need for network-attached storage (NAS) systems is mostly due to their accessibility, affordability, and capacity. NAS systems perform better than DAS in many situations, particularly when several devices need to access the same store. NAS performs some workloads better than SAN, depending on network traffic and preferred storage connection protocols.
Compared to direct-attached storage (DAS), network area systems (NAS) have a number of benefits, especially when numerous devices need to access the same data repository at once. In situations like this, network attached storage (NAS) shines because it offers a centralised, user-friendly storage solution that can meet the demands of multiple users. NAS also performs better in certain workloads than storage area network (SAN) configurations. The recommended storage connection protocols and the kind of network traffic will determine whether this performance advantage is realised. Because of their great adaptability, network area systems (NAS) may be used in both household and corporate settings.
The network attached storage market is segmented into storage solutions, products, industry vertical, and region. By storage solution, the market is classified into scale up and scale out. By product, it is bifurcated into enterprise and midmarket. By industry vertical, it is divided into BFSI, healthcare, retail & e-commerce, IT & telecom, automotive, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries. On the basis of region, the network-attached storage market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major global network-attached storage market players that have been provided in the report include Dell Technologies, NetApp, Inc., Hitachi Ltd., Western Digital Corporation, Seagate Technology PLC, Netgear Inc., Synology Inc., IBM Corporation, Buffalo Technology, and Hewlett Packard Enterprise Development LP. The key strategies adopted by the major players of the network-attached storage market are product launch.
A specialized file storage device known as network attached storage (NAS) is connected to a network and enables numerous people and devices to store, access, and manage data across a local area network (LAN) or a larger network, such as the Internet.
Future developments indicate that on-premises NAS integration with cloud storage is expected to become more common. This is anticipated to enable total control over data in the NAS as well as cloud backup and archiving. For storage provisioning, several suppliers strive to combine the current NAS system with well-known cloud storage services. During the projection period, these elements are anticipated to fuel demand for network attached storage (NAS) systems.
The surge in the need for network-attached storage (NAS) systems is mostly due to their accessibility, affordability, and capacity. NAS systems perform better than DAS in many situations, particularly when several devices need to access the same store. NAS performs some workloads better than SAN, depending on network traffic and preferred storage connection protocols.
Compared to direct-attached storage (DAS), network area systems (NAS) have a number of benefits, especially when numerous devices need to access the same data repository at once. In situations like this, network attached storage (NAS) shines because it offers a centralised, user-friendly storage solution that can meet the demands of multiple users. NAS also performs better in certain workloads than storage area network (SAN) configurations. The recommended storage connection protocols and the kind of network traffic will determine whether this performance advantage is realised. Because of their great adaptability, network area systems (NAS) may be used in both household and corporate settings.
The network attached storage market is segmented into storage solutions, products, industry vertical, and region. By storage solution, the market is classified into scale up and scale out. By product, it is bifurcated into enterprise and midmarket. By industry vertical, it is divided into BFSI, healthcare, retail & e-commerce, IT & telecom, automotive, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries. On the basis of region, the network-attached storage market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major global network-attached storage market players that have been provided in the report include Dell Technologies, NetApp, Inc., Hitachi Ltd., Western Digital Corporation, Seagate Technology PLC, Netgear Inc., Synology Inc., IBM Corporation, Buffalo Technology, and Hewlett Packard Enterprise Development LP. The key strategies adopted by the major players of the network-attached storage market are product launch.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the network-attached storage industry market analysis from 2022 to 2032 to identify the prevailing network-attached storage industry market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the network-attached storage industry market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global network-attached storage industry market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Storage Solution
- Scale up (NAS)
- Scale out (NAS)
By Product
- Enterprise
- Midmarket
By Industry Vertical
- Others
- BFSI
- Healthcare
- Retail and E-commerce
- IT and Telecom
- Automotive
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Netgear Inc.
- Synology Inc.
- NetApp, Inc.
- Hitachi Ltd.
- Western Digital Corporation
- Dell Technologies
- Seagate Technology PLC
- Buffalo Technology
- IBM Corporation
- Hewlett Packard Enterprise Development LP
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: NETWORK-ATTACHED STORAGE MARKET, BY STORAGE SOLUTION
CHAPTER 5: NETWORK-ATTACHED STORAGE MARKET, BY PRODUCT
CHAPTER 6: NETWORK-ATTACHED STORAGE MARKET, BY INDUSTRY VERTICAL
CHAPTER 7: NETWORK-ATTACHED STORAGE MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the network-attached storage market was valued at $25.6 billion in 2022, and is estimated to reach $96.1 billion by 2032, growing at a CAGR of 14.6% from 2023 to 2032.A Network Attached Storage (NAS) is a specialized device or file server designed to offer storage and file management services to multiple devices on a local area network (LAN), distinct from conventional storage solutions directly linked to a single computer. One of the primary benefits of NAS lies in its accessibility. It enables users to retrieve their files and data from a range of devices like computers, laptops, smartphones, and tablets, provided they are connected to the same network. This feature makes NAS an advantageous solution for environments like households and businesses where multiple users require shared access to files.
NAS systems typically operate on dedicated operating systems tailored for file storage and sharing. They often come equipped with functionalities like user authentication, access control, and options for data redundancy, such as RAID (Redundant Array of Independent Disks) setups, which bolster data security and dependability. Moreover, NAS systems can serve diverse purposes, encompassing tasks like data backup, media streaming, and hosting websites or applications. They can be configured with various types and capacities of hard drives or solid-state drives, offering users the flexibility to tailor their storage arrangement to meet specific requirements.
Key factors driving the growth of the network attached storage market includes a substantial surge in data generation across different industries and sectors, creating a need for efficient and scalable storage solutions. NAS systems provide a centralized and easily expandable storage infrastructure, making them indispensable for businesses dealing with escalating data volumes. In addition, the increasing prevalence of remote work and the demand for seamless data accessibility and collaboration have led to a heightened requirement for NAS solutions. These systems enable employees to securely retrieve and share files from various locations, thereby boosting productivity and streamlining workflow processes.
Data security and protection has become a paramount concern for organizations. NAS devices are often equipped with advanced security features and redundancy options like RAID configurations, offering an added layer of safeguarding against data loss or unauthorized access. This heightened security is especially vital for industries handling sensitive or confidential information. Furthermore, the surge in consumption of multimedia content and the popularity of streaming services have driven the need for robust storage solutions capable of handling large files and ensuring smooth media playback. NAS systems, with their high-performance capabilities and integrated media server functionalities, are meeting this demand, gaining traction among content creators, media professionals, and entertainment companies. Moreover, the versatility of NAS systems in accommodating various applications, including data backup, file sharing, and hosting applications, further contributes to their market expansion. Their ability to adapt to diverse use cases positions them as a valuable asset for both small businesses and large enterprises seeking flexible and dependable storage solutions.
The network attached storage market offers promising growth prospects for its key players. With the exponential increase in data generation across industries, the demand for efficient and scalable storage solutions has surged. NAS systems, providing centralized and easily expandable storage infrastructure, have become indispensable for businesses grappling with mounting data volumes. Additionally, the growing trend of remote work has amplified the need for seamless data access and collaboration, further propelling the demand for NAS solutions. As data security and protection continue to be paramount concerns, NAS devices with advanced security features and redundancy options offer a robust solution. With these factors in play, key players in the NAS market are poised for substantial growth and market expansion.
The Network attached storages market is analyzed by storage solution, product, industry vertical and region. On the basis of storage solution, the market is bifurcated into Scale up (NAS), and Scale out (NAS). On the basis of product, the market is bifurcated into enterprise, and midmarket. On the basis of industry vertical, the market is bifurcated into BFSI, Healthcare, Retail and E-commerce, IT and Telecom, Automotive, and Others. The network attached storage market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major global Network attached storages market players that have been provided in the report include Dell Technologies, Netapp, Inc., Hewlett Packard Enterprise Development LP, Hitachi Ltd., Western Digital Corporation, Seagate Technology Plc, Netgear Inc., Synology Inc., IBM Corporation, and Buffalo Technology. The key strategies adopted by the major players of the Network attached storages market is product launch.
Key Market Insights
The global network-attached storage industry market was valued at $25.63 billion in 2022.The scale up (NAS) segment was the highest revenue contributor to the market, w in 2022, and is estimated to reach significant growth by 2032.
The midmarket segment generated the largest revenue to the market in 2022.
The IT and Telecom segment garnered the highest market with a CAGR of 15.05% during the forecast period of 2022-2032.
North America was the highest revenue contributor, accounting for largest share in 2022, and expected to follow the same trend during the forecast period.
Companies Mentioned
- Netgear Inc.
- Synology Inc.
- NetApp, Inc.
- Hitachi Ltd.
- Western Digital Corporation
- Dell Technologies
- Seagate Technology PLC
- Buffalo Technology
- IBM Corporation
- Hewlett Packard Enterprise Development LP
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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