Network Attached Storage Market Share, Growth, Size & NAS Industry Report, 2023-2030
Analysts at GMI Research estimates that the Network Attached Storage (NAS) Market was worth USD 26.1 billion in 2022, and forecast to touch USD 67.0 billion in 2030, growing at a CAGR of 12.5% from 2023-2030.
Network Attached Storage (NAS) Market Overview
Network attached storage is an updated storage architecture which increases the accessibility for network devices. It provides devices with a single access point for storage along with built-in capabilities for storage, management, and fault tolerance. NAS systems are popular with small and medium sized enterprises in many industries as scalable, effective, and low-cost storage solutions.
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Major Network Attached Storage (NAS) Market Drivers
Network attached storage market is experiencing robust growth due to the rising demand of systems for enhancing performance, which is one of the major factors responsible for the growth of the market. Evolution in data storage has partly driven the technology, which led to the adoption of network attached storage, reducing operational downtime and developing business efficiency. NAS allows the clients to access data without an intermediary. Dell Technologies is involved in exploring the new aspects of data management by offering storage software like OneFS, DataIQ, and CloudIQ, which has accelerated data management’s power scale. These systems offer a cost-effective way to enhance the storage capacity coupled with the easy implementation of resource grades.
In addition, the adoption of the network attached storage device (NAS) by the government across the globe has surged the market. For instance, in 2020 Indian government procured NAS devices for continuing the virtual courts during the pandemic, which led to the court’s smooth functioning.
Restraint in the Network Attached Storage (NAS) Market
However, data security is the major concern among enterprises which is expected to hamper the global network attached storage service market.
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Component – Segment Analysis
Based on the component, the solutions segment is expected to grow at a higher CAGR in the market. Market players are involved in offering solutions like IBM’s NAS 250-25T, NAS 100, Syncology Inc. FS series (FS3400), XS series and others. These solutions allow the enterprises to share and save data files from anywhere over an internet connection, which is primarily responsible for the market’s growth.
Deployment – Segment Analysis
Based on the deployment, cloud is expected to witness a growth of higher CAGR in the NAS market over the forecast period. This is due to the increasing emphasizing activities specifically for cloud solutions, which has substantially surged the growth of the market. For instance, in 2020 QNAP systems, inc. officially launched software-defined cloud native solution, which enabled the cloud deployment for a valid subscription.
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Regional – Segment Analysis:
Based on the region, North America is expected to dominate the global network attached service market over the forecast period. This is primarily due to NAS providers’ presence due to the increase in the number of medium and small enterprises with the rise in the adoption of cloud technology for sharing personal, corporate, and media files. In addition, the presence of the key players in the region like Dell Inc., IBM Corporation, Hitachi Data Systems Corporation, have significantly driven the market.
Top Market Players
Various notable players operating in the market, include, IBM Corporation, Syncology Inc., Hitachi Data Systems Corporation, Dell Inc., Drobo, Inc., ASUSTOR Inc, Huawei Technologies Co., Ltd., Microsoft, CISCO SYSTEMS, INC., D-Link Corporation, among others.
Key Developments:
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- In 2019, Syncology Inc. and Taiwan Computer Emergency Response Team/Coordination Center officially announced the collaboration with International cybersecurity organizations.
Segments covered in the Report:
The global network attached storage (NAS) market has been segmented based on component, deployment, end-user, and regions. Based on component, the market is segmented into solution and services. Based on deployment, the market is segmented into cloud and on-premises. Based on end-user, the market is segmented into BFSI, healthcare, retail, IT and telecom and others.
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Report Coverage |
Details |
| Market Revenues (2022) |
USD 26.1 billion |
| Market Base Year |
2022 |
| Market Forecast Period |
2023-2030 |
| Base Year & Forecast Units |
Revenues (USD billion) |
| Market Segment | By Component, By Deployment, By End-User, By Region |
| Regional Coverage | Asia Pacific, Europe, North America, and RoW |
| Companies Profiled | IBM Corporation, Syncology Inc., Hitachi Data Systems Corporation, Dell Inc., Drobo, Inc., ASUSTOR Inc, Huawei Technologies Co., Ltd., Microsoft, CISCO SYSTEMS, INC., D-Link Corporation, among others; a total of 10 companies covered. |
| 25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Network Attached Storage (NAS) Market by Component
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- Solution
- Services
Global Network Attached Storage (NAS) Market by Deployment
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- Cloud
- On-Premises
Global Network Attached Storage (NAS) Market by End-User
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- BFSI
- Healthcare
- Retail
- IT and Telecom
- Others
Global Network Attached Storage (NAS) Market by Region
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North America Network Attached Storage (NAS) Market (Option 1: As a part of the free 25% customization)
- By Component
- By Deployment
- By End-User
- US Market All-Up
- Canada Market All-Up
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Europe Network Attached Storage (NAS) Market (Option 2: As a part of the free 25% customization)
- By Component
- By Deployment
- By End-User
- UK Market All-Up
- Germany Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
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Asia-Pacific Network Attached Storage (NAS) Market (Option 3: As a part of the free 25% customization)
- By Component
- By Deployment
- By End-User
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
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RoW Network Attached Storage (NAS) Market (Option 4: As a part of the free 25% customization)
- By Component
- By Deployment
- By End-User
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
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Major Players Operating in the Network Attached Storage (NAS) (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- IBM Corporation
- Syncology Inc.
- Hitachi Data Systems Corporation
- Dell Inc.
- Drobo, Inc.
- ASUSTOR Inc
- Huawei Technologies Co., Ltd.
- Microsoft
- CISCO SYSTEMS, INC.
- D-Link Corporation
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