Global Network Attached Storage Market Outlook Report - Market Size, Share Analysis and Forecast (2024-2032)

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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 of Network Attached Storage Industry

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

Network Attached Storage Market Report Snapshots

Network Attached Storage Market Size

Network Attached Storage Market Analysis

Network Attached Storage Market Share

Network Attached Storage Companies