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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
Network Attached Storage Market Size
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.
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.
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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