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Global Network Attached Storage Market Share, Size, Research: By Storage Solution: Scale-Up, Scale-Out; By Deployment Type: On-premises, Cloud-based, Hybrid; By End-Use Industry: Banking, Financial Services, and Insurance (BFSI), Consumer Goods and Retail, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2018-2028
Global Network Attached Storage Market Outlook
The global network attached storage market attained a value of over USD 25.23 billion in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 18.00%, driven by the growing demand for centralised data storage.
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Key Trends in the Market
Network attached storage (NAS) is a file-level storage architecture that creates a centralised storage for multiple users across devices. It provides networks with a single access point for storage with management, fault-tolerant, and built-in security capabilities. Network attached storage is suited for unstructured data such as documents, text files, video, audio, and websites.
- The surging sale of IoT devices is further likely to boost the network attached storage market growth in the coming years. In home applications, network attached storage systems are used to manage multiple IoT components and storage of various multimedia files.
- The rising trend of work from home and collaborative working from a distance has spurred the demand for network attached storage to streamline integrated work while working remotely. Through network attached storage, workers can access a central network and work together securely while being located far apart.
- With the rising cloud and hybrid storage deployment, the adoption of the network-attached solution is expected to bolster across the globe. This is due to the surging demand for data backup.
Market Analysis
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Based on the storage solution, the network attached storage market can be segmented into scale-up and scale-out. On the basis of deployment type, the market is categorised into on-premises, cloud-based, and hybrid. Based on end-use industry, the market is segmented into banking, financial services, and insurance (BFSI), consumer goods and retail, telecommunications and IT, healthcare, energy, education and research, and media and entertainment, among others. The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global network attached storage market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Buffalo Americas, Inc.
- Synology, Inc.
- QNAP Systems, Inc.
- Hewlett Packard Enterprise Development LP
- Seagate Technology LLC
- NETGEAR, Inc.
- Western Digital Corporation
- Others
Market Share by End-Use Industry
The telecommunications and IT segment is witnessing robust growth in the network attached storage market share across the globe on account of the rise in ICT infrastructure investment along with the increasing ICT spending by various companies. The consumer goods and retail segment is also expected to boost the market growth of network attached storage across the globe on account of the growing retail and e-commerce industry.
Healthcare end-uses of network attached storage are also projected to grow at a rapid rate in the coming years, due to the large volumes of data generated and the growing need for collaboration between doctors and treatment facilities. By storing data safely on centralised network attached storage, patient treatment can be improved through easier coordination between healthcare providers.
Market Share by Region
Geographically, the North American region is expected to account for a sizable share in the network attached storage market on account of the strong presence of major market players in the region like Buffalo Americas Inc., Seagate Technology LLC, and Hewlett Packard Enterprise Company, among others. With the surging investments by public and private companies for wireless technologies across the region, the market demand for network attached storage is expected to increase over the coming years.
Numerous telecom players are surging their focus to support 5G network development projects across the region, especially in the United States. This has further generated a demand for innovative storage solutions to store a vast amounts of data created from wireless technology-based connected devices. This is further expected to enhance the growth of the network attached storage market across the region.
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Competitive Landscape
Buffalo Americas is a prominent supplier of trustworthy, secure, and easy-to-use data storage solutions with exceptional pre-and post-sales service. It creates high-quality networking and storage, among other technological solutions that make life easier and provide a good return on investment. It offers solutions for small to medium-sized businesses.
Synology, Inc. was established in 2000 and is a technology company based in Taiwan. It develops solutions for data management as well as surveillance, backup, and network infrastructure. The company offers solutions for C2, cloud infrastructure for data storage, file sharing, and password management, among others. It provides tower and rackmount servers, storage drives, expansion units, recording and monitoring systems, and wi-fi routers, among other products.
QNAP Systems, Inc. is committed to offering all-inclusive solutions for software development, in-house production, and hardware design. With a focus on networking, smart video, and storage advancements, QNAP introduced a new Cloud NAS solution that complements its subscription-based software and diverse service channel ecosystem. To enable users to host and develop edge computing, artificial intelligence analysis, and data integration on their QNAP systems, QNAP has established a cloud-based networking architecture.
Other market players include Hewlett Packard Enterprise Development LP, Seagate Technology LLC, NETGEAR, Inc., and Western Digital Corporation, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Storage Solution |
|
| Breakup by Deployment Type |
|
| Breakup by End-Use Industry |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Industry Opportunities and Challenges
8 Global Network Attached Storage Market Analysis
8.1 Key Industry Highlights
8.2 Global Network Attached Storage Historical Market (2018-2022)
8.3 Global Network Attached Storage Market Forecast (2023-2028)
8.4 Global Network Attached Storage Market by Storage Solution
8.4.1 Scale-Up
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Scale-Out
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Network Attached Storage Market by Deployment Type
8.5.1 On-premises
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Cloud-based
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Hybrid
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Network Attached Storage Market by End-Use Industry
8.6.1 Banking, Financial Services, and Insurance (BFSI)
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Consumer Goods and Retail
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Telecommunications and IT
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Healthcare
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Energy
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Education and Research
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2022)
8.6.6.3 Forecast Trend (2023-2028)
8.6.7 Media and Entertainment
8.6.7.1 Market Share
8.6.7.2 Historical Trend (2018-2022)
8.6.7.3 Forecast Trend (2023-2028)
8.6.8 Others
8.7 Global Network Attached Storage Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Buffalo Americas, Inc.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Synology, Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 QNAP Systems, Inc.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Hewlett Packard Enterprise Development LP
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Seagate Technology LLC
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 NETGEAR, Inc.
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Western Digital Corporation
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Network Attached Storage Market: Key Industry Highlights, 2018 and 2028
2. Global Network Attached Storage Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. Global Network Attached Storage Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. Global Network Attached Storage Historical Market: Breakup by Storage Solution (USD Million), 2018-2022
5. Global Network Attached Storage Market Forecast: Breakup by Storage Solution (USD Million), 2023-2028
6. Global Network Attached Storage Historical Market: Breakup by Deployment Type (USD Million), 2018-2022
7. Global Network Attached Storage Market Forecast: Breakup by Deployment Type (USD Million), 2023-2028
8. Global Network Attached Storage Historical Market: Breakup by End-Use Industry (USD Million), 2018-2022
9. Global Network Attached Storage Market Forecast: Breakup by End-Use Industry (USD Million), 2023-2028
10. Global Network Attached Storage Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Network Attached Storage Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Network Attached Storage Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Network Attached Storage Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Network Attached Storage Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Network Attached Storage Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Network Attached Storage Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Network Attached Storage Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Network Attached Storage Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Network Attached Storage Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Network Attached Storage Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Network Attached Storage Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Global Network Attached Storage Market Structure.
Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 18% between 2023 and 2028.
In 2022, the global market of network attached storage attained a value of over USD 25.23 billion.
The major market drivers is the rising adoption of connected devices and increasing demand for centralised storage for multiple users.
The key network attached storage market trends include the growing digitalisation, increase in remote working, storage and sharing of multimedia, and backups of various devices.
The various storage solution for network attached storage are scale-up and scale-out.
The different deployment types for network attached storage include on-premises, cloud-based, and hybrid.
The numerous end-use industries of network attached storage include banking, financial services, and insurance (BFSI), consumer goods and retail, telecommunications and IT, healthcare, energy, education and research, and media and entertainment, among others.
Network attached storage (NAS) is a file-level storage architecture that creates a centralised storage for multiple users across devices.
The major players in the market are Buffalo Americas, Inc., Synology, Inc., QNAP Systems, Inc., Hewlett Packard Enterprise Development LP, Seagate Technology LLC, NETGEAR, Inc., and Western Digital Corporation, among others.
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