The Network Attached Storage Market size was valued at USD 30.94 billion in 2022 and is expected to grow to USD 129.53 billion by 2030 and grow at a CAGR of 19.6% over the forecast period of 2023-2030.
A network-attached storage (NAS) device is a hard drive that is connected to a network and used for file storing and sharing. It may be reached using a network address. It serves as a file-sharing server but does not support additional services such as email or authentication. It also allows for the extension of storage capacity to accessible networks whether the device is turned on or off for maintenance. Network-attached storage is a created system that is primarily intended for large network systems capable of processing millions of transactions per minute. Organizations that require a dependable network infrastructure might benefit from network-connected storage.
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Drivers
Rapid deployment of next-generation wireless internet technology is anticipated to aid market growth.
AT&T, T-Mobile US, Inc., Telefonaktiebolaget LM Ericsson, Nokia Corporation, and Telefonica S.A. are among the telecom service providers that have invested in 5G service installations. Increased investment in 5G and the sale of millions of devices promote market growth and the development of smart cities, industry, and agriculture. Furthermore, there is an increasing desire for numerous smart applications, such as smart city projects and smart homes, to be linked to the cloud, which creates vast amounts of data. The growing sale of linked smart devices throughout the world, along with an increase in internet penetration, has fuelled market expansion.
Restrains
Concerns about cyber-attacks and data breaches on servers and hard drives are expected to stymie market growth.
Network-attached storage is a type of storage device that is linked to a network and delivers file services to computer systems. These devices include storage systems for data and papers. This stored data is vulnerable to cyber security threats posed by cyber attackers. Data security and privacy are critical considerations for network-connected storage servers and hardware. According to a Palo Alto Networks Inc. researcher's analysis, an estimated 240,000 QNAP Systems NAS systems and roughly 3,500 Synology NAS devices were vulnerable to cyber-attacks in August 2021.
Opportunities
The use of hybrid cloud storage is increasing.
Real-time data consistency is required.
Increase in government activities aimed toward digitization
Challenges
In the near future, a lack of sufficient equipment to exploit and safeguard data may provide a significant hurdle to the expansion of the network-attached storage (NAS) business, restricting the market's potential development.
- COVID-19 Outbreak Steadily Increased Demand for Network-Attached Storage Solutions
The COVID-19 pandemic has hindered company operations across a variety of Industries. To accommodate the increased need for data storage throughout the world, key suppliers are creating innovative storage facilities. According to the Forbes article, an estimated 2.48 quintillion bytes of data will be produced each day in 2020, and the data is growing faster than internet connection penetration. Furthermore, when internet traffic increased during the COVID-19 outbreak, demand for network-connected storage solutions increased. According to the 2020 Association for Computing Machinery Organization Report, European nations experienced a 21% increase in internet traffic following the formal announcement of the shutdown.
Demand for network-connected storage hardware devices has decreased due to supply chain disruption and increased worldwide import and export activity. This demonstrates that exports were limited during the worldwide shutdown enforced by various governments. Furthermore, as a result of a lack of raw materials and production halts, enterprises have raised their selling prices. Furthermore, following the COVID-19 epidemic, the need for these storage solutions has steadily increased, in tandem with the rising demand for data storage.
The Russia-Ukraine war escalates and geopolitical tensions rise, which could lead to economic instability in the region. Fluctuations in currency values, trade restrictions, or tariffs imposed on goods could impact the pricing of NAS devices. Manufacturers may need to adjust their pricing strategies to account for these changes, potentially resulting in increased costs for consumers. During times of conflict or crisis, data storage needs may increase due to various reasons. For example, businesses might need to back up critical data more frequently or store larger amounts of surveillance footage or other sensitive information. This increased demand for data storage could potentially drive up the adoption of NAS solutions. governments imposing new regulations or restrictions on data storage and transfer. This could affect businesses operating in the affected regions and their requirements for NAS solutions. Companies may need to ensure compliance with new data sovereignty laws, which could impact their NAS deployment strategies and data management practices.
Impact of the Recession
During the recession, many businesses and individuals faced financial constraints, which led to a decrease in demand for NAS devices. This decline in demand resulted in a decrease in sales and revenue for NAS vendors. the recession also led to a shift in the purchasing behavior of consumers. Many individuals and businesses started to prioritize cost-cutting measures, which meant that they were more likely to opt for cheaper storage solutions, such as cloud storage or external hard drives, instead of NAS devices. However, despite the challenges posed by the recession, the NAS market has shown resilience and has continued to grow. This growth can be attributed to the increasing demand for data storage and management solutions, as well as the emergence of new technologies and applications that require high-performance storage. while the recession had a negative impact on the NAS market, the industry has shown resilience and has continued to adapt to changing market conditions. As businesses and individuals continue to generate and store more data, the demand for NAS devices is expected to increase, making it a promising market for manufacturers and vendors.
The Network Attached Storage Market is segmented into four types on the basis of By Storage Solutions, By Product Type, By Deployment Type, and By Industry Vertical.
By Storage Solutions
Scale-up NAS
Scale-out NAS
By Product Type
High-end/Enterprise
Midmarket
Low-end
By Deployment Type
On-Premise
Remote
Hybrid
By Industry Vertical
BFSI
Telecommunications & ITeS
Consumer Goods & Retail
Healthcare
Energy
Government
Education & Research
Media & Entertainment
Manufacturing
Others
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During the forecast period, North America has the biggest market share. This is mostly the Responsibility of many prominent companies, including Buffalo Americas Inc., Dell Technologies Inc., Hewlett Packard Enterprise Company, Western Digital Corporation, and others. Increased investment in wireless technology by private and public enterprises in this area fuels market growth. According to the Cellular Telecommunications Industry Association (CTIA), cellular technology providers in the United States invested around USD 29.1 billion in 2019. Several telecom companies have also proposed 5G network development projects around the country. It sparked a desire for improved storage systems to handle the large amounts of data generated by wirelessly linked gadgets.
Asia Pacific is expected to expand at a rapid pace and will provide attractive prospects for market growth throughout the forecast period. This is largely due to the increasing use of linked devices such as smartphones. IoT devices boost the regional market growth. According to the GSMA Intelligence Report, the APAC region's IoT device sales are predicted to exceed 11 billion devices by 2025 and be valued at USD 386 billion. A surge in IoT connectivity is likely to generate a profitable potential for market expansion.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major players are Hitachi, Ltd., Hewlett Packard Enterprise Company, NetApp, Inc., Buffalo Americas, Inc., Synology, Inc., Dell Technologies Inc., QNAP Systems, Inc., Western Digital Corporation, Seagate Technology Public Limited Company (PLC), NETGEAR, Inc., and others in the final report.
PAC Storage (PAC), a producer and developer of data storage systems, developed an innovative Scale-Out network connected storage product line in September 2021. Among the new products is a Scale-Out NAS system based on Flash NVMe. This NVMe solution meets the high-performance needs of low-latency applications in film and entertainment, high-performance computing, big data, and other areas.
Synology Inc. introduced the DS420j DiskStation file synchronization and sharing solution in January 2020. This solution addresses users' and household families' increased demand for data storage.
| Report Attributes | Details |
| Market Size in 2022 | US$ 30.94 Bn |
| Market Size by 2030 | US$ 129.53 Bn |
| CAGR | CAGR of 19.6% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Storage Solutions (Scale-up NAS, Scale-out NAS) • By Product Type (High-end/Enterprise, Midmarket, Low-end) • By Deployment Type (On-Premise, Remote, Hybrid) • By Industry Vertical (BFSI, Telecommunications & ITeS, Consumer Goods & Retail, Healthcare, Energy, Government, Education & Research, Media & Entertainment, Manufacturing, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Hitachi, Ltd., Hewlett Packard Enterprise Company, NetApp, Inc., Buffalo Americas, Inc., Synology, Inc., Dell Technologies Inc., QNAP Systems, Inc., Western Digital Corporation, Seagate Technology Public Limited Company (PLC), NETGEAR, Inc., and others in the final report. |
| Key Drivers | • Rapid deployment of next-generation wireless internet technology is anticipated to aid market growth. |
| Market Opportunities | • The use of hybrid cloud storage is increasing. • Real-time data consistency is required. |
Ans: The market is expected to grow to USD 132.2 billion by the forecast period of 2030.
Ans: USD 29.12 billion in 2022 is the market share of the Network Attached Storage Market.
Ans. 20.82 is the CAGR of Network Attached Storage Market
Ans: North American region is dominating the Network Attached Storage Market.
Ans. The forecast period for the Network Attached Storage Market is 2023-2030.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Network Attached Storage Market Segmentation, By Storage Solutions
8.1 Scale-up NAS
8.2 Scale-out NAS
9. Network Attached Storage Market Segmentation, By Product Type
9.1 High-end/Enterprise
9.2 Midmarket
9.3 Low-end
10. Network Attached Storage Market Segmentation, By Deployment Type
10.1 On-Premise
10.2 Remote
10.3 Hybrid
11. Network Attached Storage Market Segmentation, By Industry Vertical
11.1 BFSI
11.2 Telecommunications & ITeS
11.3 Consumer Goods & Retail
11.4 Healthcare
11.5 Energy
11.6 Government
11.7 Education & Research
11.8 Media & Entertainment
11.9 Manufacturing
11.10 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Network Attached Storage Market by Country
12.2.2 North America Network Attached Storage Market By Storage Solutions
12.2.3 North America Network Attached Storage Market By Product Type
12.2.4 North America Network Attached Storage Market By Deployment Type
12.2.5 North America Network Attached Storage Market By Industry Vertical
12.2.6 USA
12.2.6.1 USA Network Attached Storage Market By Storage Solutions
12.2.6.2 USA Network Attached Storage Market By Product Type
12.2.6.3 USA Network Attached Storage Market By Deployment Type
12.2.6.4 USA Network Attached Storage Market By Industry Vertical
12.2.7 Canada
12.2.7.1 Canada Network Attached Storage Market By Storage Solutions
12.2.7.2 Canada Network Attached Storage Market By Product Type
12.2.7.3 Canada Network Attached Storage Market By Deployment Type
12.2.7.4 Canada Network Attached Storage Market By Industry Vertical
12.2.8 Mexico
12.2.8.1 Mexico Network Attached Storage Market By Storage Solutions
12.2.8.2 Mexico Network Attached Storage Market By Product Type
12.2.8.3 Mexico Network Attached Storage Market By Deployment Type
12.2.8.4 Mexico Network Attached Storage Market By Industry Vertical
12.3 Europe
12.3.1 Europe Network Attached Storage Market by Country
12.3.2 Europe Network Attached Storage Market By Storage Solutions
12.3.3 Europe Network Attached Storage Market By Product Type
12.3.4 Europe Network Attached Storage Market By Deployment Type
12.3.5 Europe Network Attached Storage Market By Industry Vertical
12.3.6 Germany
12.3.6.1 Germany Network Attached Storage Market By Storage Solutions
12.3.6.2 Germany Network Attached Storage Market By Product Type
12.3.6.3 Germany Network Attached Storage Market By Deployment Type
12.3.6.4 Germany Network Attached Storage Market By Industry Vertical
12.3.7 UK
12.3.7.1 UK Network Attached Storage Market By Storage Solutions
12.3.7.2 UK Network Attached Storage Market By Product Type
12.3.7.3 UK Network Attached Storage Market By Deployment Type
12.3.7.4 UK Network Attached Storage Market By Industry Vertical
12.3.8 France
12.3.8.1 France Network Attached Storage Market By Storage Solutions
12.3.8.2 France Network Attached Storage Market By Product Type
12.3.8.3 France Network Attached Storage Market By Deployment Type
12.3.8.4 France Network Attached Storage Market By Industry Vertical
12.3.9 Italy
12.3.9.1 Italy Network Attached Storage Market By Storage Solutions
12.3.9.2 Italy Network Attached Storage Market By Product Type
12.3.9.3 Italy Network Attached Storage Market By Deployment Type
12.3.9.4 Italy Network Attached Storage Market By Industry Vertical
12.3.10 Spain
12.3.10.1 Spain Network Attached Storage Market By Storage Solutions
12.3.10.2 Spain Network Attached Storage Market By Product Type
12.3.10.3 Spain Network Attached Storage Market By Deployment Type
12.3.10.4 Spain Network Attached Storage Market By Industry Vertical
12.3.11 The Netherlands
12.3.11.1 Netherlands Network Attached Storage Market By Storage Solutions
12.3.11.2 Netherlands Network Attached Storage Market By Product Type
12.3.11.3 Netherlands Network Attached Storage Market By Deployment Type
12.3.11.4 Netherlands Network Attached Storage Market By Industry Vertical
12.3.12 Rest of Europe
12.3.12.1 Rest of Europe Network Attached Storage Market By Storage Solutions
12.3.12.2 Rest of Europe Network Attached Storage Market By Product Type
12.3.12.3 Rest of Europe Network Attached Storage Market By Deployment Type
12.3.12.4 Rest of Europe Network Attached Storage Market By Industry Vertical
12.4 Asia-Pacific
12.4.1 Asia Pacific Network Attached Storage Market by Country
12.4.2 Asia Pacific Network Attached Storage Market By Storage Solutions
12.4.3 Asia Pacific Network Attached Storage Market By Product Type
12.4.4Asia Pacific Network Attached Storage Market By Deployment Type
12.4.5Asia Pacific Network Attached Storage Market By Industry Vertical
12.4.6 Japan
12.4.6.1 Japan Network Attached Storage Market By Storage Solutions
12.4.6.2 Japan Network Attached Storage Market By Product Type
12.4.6.3 Japan Network Attached Storage Market By Deployment Type
12.4.6.4 Japan Network Attached Storage Market By Industry Vertical
12.4.7 South Korea
12.4.7.1 South Korea Network Attached Storage Market By Storage Solutions
12.4.7.2 South Korea Network Attached Storage Market By Product Type
12.4.7.3 South Korea Network Attached Storage Market By Deployment Type
12.4.7.4 South Korea Network Attached Storage Market By Industry Vertical
12.4.8 China
12.4.8.1 China Network Attached Storage Market By Storage Solutions
12.4.8.2 China Network Attached Storage Market By Product Type
12.4.8.3 China Network Attached Storage Market By Deployment Type
12.4.8.4 China Network Attached Storage Market By Industry Vertical
12.4.9 India
12.4.9.1 India Network Attached Storage Market By Storage Solutions
12.4.9.2 India Network Attached Storage Market By Product Type
12.4.9.3 India Network Attached Storage Market By Deployment Type
12.4.9.4 India Network Attached Storage Market By Industry Vertical
12.4.11 Australia
12.4.10.1 Australia Network Attached Storage Market By Storage Solutions
12.4.10.2 Australia Network Attached Storage Market By Product Type
12.4.10.3 Australia Network Attached Storage Market By Deployment Type
12.4.10.4 Australia Network Attached Storage Market By Industry Vertical
12.4.11 Rest of Asia-Pacific
12.4.11.1 APAC Network Attached Storage Market By Storage Solutions
12.4.11.2 APAC Network Attached Storage Market By Product Type
12.4.11.3 APAC Network Attached Storage Market By Deployment Type
12.4.11.4 APAC Network Attached Storage Market By Industry Vertical
12.5 The Middle East & Africa
12.5.1 The Middle East & Africa Network Attached Storage Market by Country
12.5.2 The Middle East & Africa Network Attached Storage Market By Storage Solutions
12.5.3 The Middle East & Africa Network Attached Storage Market By Product Type
12.5.4The Middle East & Africa Network Attached Storage Market By Deployment Type
12.5.5 The Middle East & Africa Network Attached Storage Market By Industry Vertical
12.5.6 Israel
12.5.6.1 Israel Network Attached Storage Market By Storage Solutions
12.5.6.2 Israel Network Attached Storage Market By Product Type
12.5.6.3 Israel Network Attached Storage Market By Deployment Type
12.5.6.4 Israel Network Attached Storage Market By Industry Vertical
12.5.7 UAE
12.5.7.1 UAE Network Attached Storage Market By Storage Solutions
12.5.7.2 UAE Network Attached Storage Market By Product Type
12.5.7.3 UAE Network Attached Storage Market By Deployment Type
12.5.7.4 UAE Network Attached Storage Market By Industry Vertical
12.5.8South Africa
12.5.8.1 South Africa Network Attached Storage Market By Storage Solutions
12.5.8.2 South Africa Network Attached Storage Market By Product Type
12.5.8.3 South Africa Network Attached Storage Market By Deployment Type
12.5.8.4 South Africa Network Attached Storage Market By Industry Vertical
12.5.9 Rest of Middle East & Africa
12.5.9.1 Rest of Middle East & Asia Network Attached Storage Market By Storage Solutions
12.5.9.2 Rest of Middle East & Asia Network Attached Storage Market By Product Type
12.5.9.3 Rest of Middle East & Asia Network Attached Storage Market By Deployment Type
12.5.9.4 Rest of Middle East & Asia Network Attached Storage Market By Industry Vertical
12.6 Latin America
12.6.1 Latin America Network Attached Storage Market by Country
12.6.2 Latin America Network Attached Storage Market By Storage Solutions
12.6.3 Latin America Network Attached Storage Market By Product Type
12.6.4 Latin America Network Attached Storage Market By Deployment Type
12.6.5 Latin America Network Attached Storage Market By Industry Vertical
12.6.6 Brazil
12.6.6.1 Brazil Network Attached Storage Market By Storage Solutions
12.6.6.2 Brazil Africa Network Attached Storage Market By Product Type
12.6.6.3 Brazil Network Attached Storage Market By Deployment Type
12.6.6.4 Brazil Network Attached Storage Market By Industry Vertical
12.6.7 Argentina
12.6.7.1 Argentina Network Attached Storage Market By Storage Solutions
12.6.7.2 Argentina Network Attached Storage Market By Product Type
12.6.7.3 Argentina Network Attached Storage Market By Deployment Type
12.6.7.4 Argentina Network Attached Storage Market By Industry Vertical
12.6.8 Rest of Latin America
12.6.8.1 Rest of Latin America Network Attached Storage Market By Storage Solutions
12.6.8.2 Rest of Latin America Network Attached Storage Market By Product Type
12.6.8.3 Rest of Latin America Network Attached Storage Market By Deployment Type
12.6.8.4Rest of Latin America Network Attached Storage Market By Industry Vertical
13. Company Profile
13.1 Hitachi, Ltd.
13.1.1 Market Overview
13.1.2 Financials
13.1.3 Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Hewlett Packard Enterprise Company.
13.2.1 Market Overview
13.2.2 Financials
13.2.3 Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 NetApp, Inc.
13.3.1 Market Overview
13.3.2 Financials
13.3.3 Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Buffalo Americas, Inc.
13.4.1 Market Overview
13.4.2 Financials
13.4.3 Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Synology, Inc.
13.5.1 Market Overview
13.5.2 Financials
13.5.3 Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Dell Technologies Inc.
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 QNAP Systems, Inc.
13.7.1 Market Overview
13.7.2 Financials
13.7.3 Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Western Digital Corporation.
13.8.1 Market Overview
13.8.2 Financials
13.8.3 Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Seagate Technology Public Limited Company (PLC).
13.9.1 Market Overview
13.9.2 Financials
13.9.3 Product/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 NETGEAR, Inc.
13.10.1 Market Overview
13.10.2 Financials
13.10.3 Product/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. USE Cases and Best Practices
16. Conclusion
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