Network-Attached Storage (NAS) Market Research Report Information By Product (High-End/Enterprise NAS, Midmarket NAS and Low-End/Desktop NAS), Storage Solution (Scale-out NAS and Scale-up NAS), Organization Size (SMEs and Large Enterprises), Deployment (On-Premise, Hybrid and Cloud), Vertical (IT & Telecommunication, BFSI, Retail, Government, Manufacturing, Media & Entertainment, Healthcare, Energy & Utilities and others) - Forecast till 2032

Network-Attached Storage (NAS) Market Overview:

The network attached storage (NAS) market size is expected to reach USD 94.567 billion, growing at a CAGR of 17.7% during 2024 - 2032. For diverse customers, approved network consumers, and authorized network operators, NAS provides a retrieving and storage building for data from a centralized place. The growing demand for protected storage devices for different end-use industries is driving the market's robust development.

The administration's focus on digitalization, which would be leading to massive increase in digital data, is projected to fuel the growth of the network-attached storage (NAS) market during the forecast timeframe. Moreover, the increased use of cellphones, computers, and laptops, which results in the production of huge amounts of data, is expected to push the network-attached storage (NAS) market forward. Furthermore, the market for network-attached storage (NAS) is expected to benefit from the increasing adoption of 4G and 5G innovations that produce high-volume electronic documents. The primary concerns about data security when data is kept at a distant place, but at the other hand, were expected to stymie the development of a network-attached storage (NAS) market during the forecast period.

This report contains all the information on the global Network-Attached Storage (NAS) Market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global Network-Attached Storage (NAS) Market forecast for 2023 is also included in the report.

Figure 1: Network-Attached Storage (NAS) Market Size, 2023-2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Network-Attached Storage (NAS) Market Covid 19 Analysis:

Several sectors have already been affected by the current COVID-19 epidemic. Key suppliers are taking proactive steps to reduce their economic effect on companies. The income from hard disc drives has increased throughout this epidemic. Despite a drop in deliveries as a result of the global government shutdown, leading network-attached storage firms have raised their selling prices to compensate for the income shortfall. Furthermore, the trend of working from home has forced workers to store data in network-attached storage solutions, which is fueling the market's development.

Network-Attached Storage (NAS) Market Dynamic:

• Drivers:

From over projected period, a rise in the usage of large data analytics and machine learning applications is expected to boost market development. Big data has become a crucial component of any business as a result of the increasing use of data analytics, resulting in larger-scale storage problems. To manage the massive quantities of data produced by businesses, big scale-up storage frameworks like NAS need to be installed to provide the required bandwidth requirement.

The increasing popularity of NAS for apartment buildings and SOHO surroundings, the increasing BYOD trend all over organizations, the formation of high-volume online content, the increasing use of tablet devices, laptop computers, and cell phones producing huge amounts of data, the increasing distribution of hybrid cloud services, a need for redundant systems and data backup, as well as the increasing use of laptops, computers, and cell phones producing huge amounts of data are all contributing to the global network-attached storage market growth.

• Opportunities:

The increasing adoption of hybrid cloud services is also increasing demand for cutting-edge network-attached storage (NAS) systems, which will offer further opportunities for the development of the network-attached storage (NAS) market opportunities mostly in future years, among other things.

• Restraints:

Ongoing security concerns about the data storage in distant places may serve as a market constraint throughout the course of the projection period.

• Challenges:

Moreover, the lack of enough equipment to exploit and protect data may provide a significant challenge to the expansion of the network-attached storage (NAS) industry in the foreseeable future, limiting the market's potential development.

• Cumulative Growth Analysis:

During the projection period, the APAC region is expected to have the 2nd largest share of the worldwide network-attached storage market, behind only North America. The growing application of NAS and SSD drives for better data safety and support against any violation, a thriving IT and telecommunications industry, the increase due to the implementation of cellphones, and the increasing popularity of the internet are all contributing to the expansion of the market home NAS market in the region.

Furthermore, improvements in communications infrastructure, an increase in the use of mobile devices, an increase in the preference of consumers to share multimedia content through a technique that is readily available, quick, and premium, as well as the existence of emerging countries such as India and China, are all contributing to market growth and expansion.

• Value Chain Analysis:

According to the reports, there are many segments in the network-attached storage (NAS) market, including end-users, deployment types, storage capacity, and types. The NAS industry has been divided into three types: consumer-level NAS, enterprise-level NAS storage, and small- to medium-sized business-level NAS storage. From over projection period, the small-medium business-level NAS sector is expected to outperform the rest of the NAS market in terms of revenue. The network-attached storage industry is divided into three categories based on storage solutions: scale-out, scale-up, and many others. Over the projected period, the scale-up category will account for the lion's portion of the market.

The network-attached storage (NAS) industry is divided into four categories based on deployment: hybrid, remote, on-premise, and others. Over the projection period, the hybrid segment will be the most dominant sector in the market. The network-attached storage industry is fragmented based on end-user, including telecommunications and information technology, business and financial services, healthcare, government, and other segments. Of all these, the BFSI sector will account for the lion's share of total market revenue throughout the projected period.

Network-Attached Storage (NAS) Market Segmentation Overview:

The market is segmented on the basis of end-users, deployment types, storage capacity, types, and area. The global network-attached storage (NAS) market trend is expected to witness decent growth during the forecast period.

• By Application:

Based on the application, the network-attached storage market is segmented into hybrid, remote, on-premise, and others.

• By End-Users:

Based on the propulsion types, the network-attached storage market is segmented into telecommunications and information technology, business and financial services, healthcare, government, and others.

Network-Attached Storage (NAS) Market Regional Analysis:

According to the reports, on the basis of region, the worldwide network-attached storage (NAS) market revenue is divided into four sections: Europe, Asia Pacific (APAC), North America, and the Rest of the World. Each section discusses the possibilities and current developments in each area. North America will be the most dominant region in the market during the projected period.

The existence of many network-attached storage market players in the United States, including Google, Box Inc., Cisco Systems Inc., and Dell EMC, as well as the involvement of many companies, increasing demands between many small and medium-sized enterprises, unprecedented advancement of data, increasing adoption of IoT, rigorous data related to regulatory conformance, and rapid adoption of technological innovations are all contributing to the region's network-attached storage (NAS) market share. Additional factors influencing the development of the consumer network-attached storage (NAS) industry in the region include expansion typically in cloud-based options for sharing individual and company files, as well as increasing investments in technology by notable players to improve unified big data systems that deliver improved capabilities.

Network-Attached Storage (NAS) Market Competitive Landscape:

Globally Distributed Network-Attached Storage In addition to the existence of many major companies, the market is extremely fragmented and combative in character. They have used tactics like acquisitions and mergers, collaborations and alliances, joint ventures, regional developments, and innovative product releases to meet the growing demands of customers while also staying one step ahead of the competitors.

Network-Attached Storage (NAS) Market Major Key Players:

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  Space Monkey (US)

  
  


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  Buffalo Americas Inc. (Japan)

  
  


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  Synology Inc. (Taiwan)

  
  


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  QNAP Systems Inc. (Taiwan)

  
  


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  Netgear Inc. (US)

  
  


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  Western Digital Corp. (US)

  
  


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  Cisco Systems Inc. (US)

  
  


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  Seagate Technology Public Limited Company (Ireland)

  
  


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  Netapp Inc. (US)

  
  


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  Hitachi Vantara Corporation (US)

  
  


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  IBM Corporation (US)

  
  


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  HPE (US)

  
  


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  Dell EMC (US)

  
  

Report Overview:

The following report comprises of –

• Market overview


• Covid 19 Analysis


• Market Dynamic


• Drivers


• Opportunities


• Restraints


• Challenges


• Cumulative Growth Analysis


• Value Chain Analysis


• Segmentation Overview


• By Application


• By End-Users


• Regional Analysis


• Competitive landscape

Recent Developments:

QNAP Systems Inc. launched the QTS 4.4.2 NAS operating system in April 2020, replacing the QTS 4.4.2. QTS 4.4.2 not only improves system privacy and storage scaling, and it also improves storage extensibility by including physical JBOD devices to meet the demands of storing files and restoration applications.

NetApp Inc. purchased Talon Storage (US), a pioneer in next-generation software-defined storage solutions, in March 2020. The acquisition would allow global businesses to centralize and simplify IT storage infrastructure while also using public cloud computing services.

By Types:

• Consumer-level NAS


• Enterprise level NAS storage


• Small-medium business-level NAS

By Storage Solution:

• Scale-out


• Scale-up


• Others

By Deployment:

• Hybrid


• On-premise


• Remote


• Others

By End-User:

• Telecommunication and IT


• BFSI


• Government


• Healthcare


• Others

By Region:

North America:

• US


• Canada


• Mexico

Europe:

• UK


• Germany


• France


• Rest of Europe

Asia Pacific (APAC):

• China


• Japan


• India


• South Korea


• Rest of APAC

Rest of the World (RoW):

• Middle East &Africa


• South America