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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; 2024-2032

Global Network Attached Storage Market Outlook

The global network attached storage market attained a value of over USD 29.77 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 18.00%, driven by the growing demand for centralised data storage.

network attached storage market

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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

network attached storage market by segments

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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.

network attached storage market by 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	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Storage Solution Deployment Type End-Use Industry Region
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 Education and Research Media and Entertainment Others
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	Buffalo Americas, Inc. Synology, Inc. QNAP Systems, Inc. Hewlett Packard Enterprise Development LP Seagate Technology LLC NETGEAR, Inc. Western Digital Corporation Others

*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 (2018-2023)
   8.3   Global Network Attached Storage Market Forecast (2024-2032)
   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 (2018-2023)
           8.4.1.3   Forecast Trend (2024-2032)
       8.4.2   Scale-Out
           8.4.2.1   Market Share
           8.4.2.2   Historical Trend (2018-2023)
           8.4.2.3   Forecast Trend (2024-2032)
   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 (2018-2023)
           8.5.1.3   Forecast Trend (2024-2032)
       8.5.2   Cloud-based
           8.5.2.1   Market Share
           8.5.2.2   Historical Trend (2018-2023)
           8.5.2.3   Forecast Trend (2024-2032)
       8.5.3   Hybrid
           8.5.3.1   Market Share
           8.5.3.2   Historical Trend (2018-2023)
           8.5.3.3   Forecast Trend (2024-2032)
   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 (2018-2023)
           8.6.1.3   Forecast Trend (2024-2032)
       8.6.2   Consumer Goods and Retail
           8.6.2.1   Market Share
           8.6.2.2   Historical Trend (2018-2023)
           8.6.2.3   Forecast Trend (2024-2032)
       8.6.3   Telecommunications and IT
           8.6.3.1   Market Share
           8.6.3.2   Historical Trend (2018-2023)
           8.6.3.3   Forecast Trend (2024-2032)
       8.6.4   Healthcare
           8.6.4.1   Market Share
           8.6.4.2   Historical Trend (2018-2023)
           8.6.4.3   Forecast Trend (2024-2032)
       8.6.5   Energy
           8.6.5.1   Market Share
           8.6.5.2   Historical Trend (2018-2023)
           8.6.5.3   Forecast Trend (2024-2032)
       8.6.6   Education and Research
           8.6.6.1   Market Share
           8.6.6.2   Historical Trend (2018-2023)
           8.6.6.3   Forecast Trend (2024-2032)
       8.6.7   Media and Entertainment
           8.6.7.1   Market Share
           8.6.7.2   Historical Trend (2018-2023)
           8.6.7.3   Forecast Trend (2024-2032)
       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 (2018-2023)
       9.1.2   Forecast Trend (2024-2032)
       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 (2018-2023)
       9.2.2   Forecast Trend (2024-2032)
       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 (2018-2023)
       9.3.2   Forecast Trend (2024-2032)
       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 (2018-2023)
       9.4.2   Forecast Trend (2024-2032)
       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 (2018-2023)
       9.5.2   Forecast Trend (2024-2032)
       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 2032
2.   Global Network Attached Storage Historical Market: Breakup by Product Type (USD Million), 2018-2023
3.   Global Network Attached Storage Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4.   Global Network Attached Storage Historical Market: Breakup by Storage Solution (USD Million), 2018-2023
5.   Global Network Attached Storage Market Forecast: Breakup by Storage Solution (USD Million), 2024-2032
6.   Global Network Attached Storage Historical Market: Breakup by Deployment Type (USD Million), 2018-2023
7.   Global Network Attached Storage Market Forecast: Breakup by Deployment Type (USD Million), 2024-2032
8.   Global Network Attached Storage Historical Market: Breakup by End-Use Industry (USD Million), 2018-2023
9.   Global Network Attached Storage Market Forecast: Breakup by End-Use Industry (USD Million), 2024-2032
10.   Global Network Attached Storage Historical Market: Breakup by Region (USD Million), 2018-2023
11.   Global Network Attached Storage Market Forecast: Breakup by Region (USD Million), 2024-2032
12.   North America Network Attached Storage Historical Market: Breakup by Country (USD Million), 2018-2023
13.   North America Network Attached Storage Market Forecast: Breakup by Country (USD Million), 2024-2032
14.   Europe Network Attached Storage Historical Market: Breakup by Country (USD Million), 2018-2023
15.   Europe Network Attached Storage Market Forecast: Breakup by Country (USD Million), 2024-2032
16.   Asia Pacific Network Attached Storage Historical Market: Breakup by Country (USD Million), 2018-2023
17.   Asia Pacific Network Attached Storage Market Forecast: Breakup by Country (USD Million), 2024-2032
18.   Latin America Network Attached Storage Historical Market: Breakup by Country (USD Million), 2018-2023
19.   Latin America Network Attached Storage Market Forecast: Breakup by Country (USD Million), 2024-2032
20.   Middle East and Africa Network Attached Storage Historical Market: Breakup by Country (USD Million), 2018-2023
21.   Middle East and Africa Network Attached Storage Market Forecast: Breakup by Country (USD Million), 2024-2032
22.   Global Network Attached Storage Market Structure.

Key Questions Answered in the Report

What is the growth rate of the global network attached storage market?

The market is assessed to grow at a CAGR of 18% between 2024 and 2032.

What was the global network attached storage market size in 2023?

In 2023, the global market of network attached storage attained a value of over USD 29.77 billion.

What are the major drivers for the network attached storage market?

The major market drivers is the rising adoption of connected devices and increasing demand for centralised storage for multiple users.

What are the key trends in the market for network attached storage?

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.

What are the various storage solutions for network attached storage?

The various storage solution for network attached storage are scale-up and scale-out.

What are the different deployment types for network attached storage?

The different deployment types for network attached storage include on-premises, cloud-based, and hybrid.

What are the numerous end-use industries of network attached storage?

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.

What is network attached storage?

Network attached storage (NAS) is a file-level storage architecture that creates a centralised storage for multiple users across devices.

Who are the key market players in the global market of network attached storage, according to the report?

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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