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Report Overview
The global network attached storage market attained a value of nearly USD 29.77 billion in 2023. The market is further expected to grow at a CAGR of 18.0% during the forecast period of 2024-2032 to reach a value of USD 132.04 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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 Report Snapshots
Network Attached Storage Market Size
Network Attached Storage Market Analysis
Network Attached Storage Market Share
Network Attached Storage Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 18.0% between 2024 and 2032.
In 2023, the global market of network attached storage attained a value of over USD 29.77 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.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 132.04 billion by 2032.
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