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Global Network Attached Storage Market to reach USD 100.83 billion by the end of 2030

Global Network Attached Storage Market Size study & Forecast, by Enterprise Type (SoHo: <10 FTEs, Mid-size: <1,000 FTEs, Large Enterprise: More than 1,000 FTEs), by Storage System (Scale-up NAS, Scale-out NAS) and Regional Analysis, 2023-2030

Product Code: ICTICTI-30873889
Publish Date: 10-03-2024
Page: 200

Global Network Attached Storage Market is valued at approximately USD 29.72 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 16.5% during the forecast period 2023-2030. Network Attached Storage is a specialized file storage device that operates on a network, providing shared storage to multiple users and heterogeneous client devices. These systems are standalone devices connected to a network, allowing multiple users to access and share data simultaneously. They typically run on dedicated hardware and are equipped with their operating system, enabling them to perform various functions, such as file sharing, data backup, and media streaming. The Network Attached Storage Market is expanding because of factors such as the exponential growth of digital data, growth in the media and entertainment industry, and increasing deployment of Internet of Things (IoT) devices.

The increasing deployment of Internet of Things (IoT) devices is a significant driver behind the growth of the Network-Attached Storage (NAS) Market. With the proliferation of IoT devices across various industries, there is a surge in the generation of vast amounts of data. These devices, ranging from sensors and cameras to smart appliances, contribute to the growing need for efficient and scalable storage solutions. NAS systems offer a centralized and organized approach to handling the diverse data streams from IoT devices, providing a secure and accessible repository for storing and managing this data. According to Statista, the Number of Internet of Things (IoT) connected devices worldwide in the year 2019 stood at 8.6 billion devices which increased to 13.14 billion in the year 2022 and it is projected to reach 29.42 billion devices by the year 2030. In addition, increasing product launches and investments in network technologies are some factors creating new opportunities for the market growth. However, the concerns related to data theft and server breaches stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Network Attached Storage Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022. The region has experienced a surge in the need for NAS solutions, driven by the expansion of digital infrastructure, the proliferation of connected devices, the growing adoption of Artificial Intelligence (AI)-based solutions, and escalating data volumes from enterprises. Furthermore, NAS holds a pivotal role in the data center storage domain. Therefore, the substantial presence of numerous data centers in the U.S. emerges as a key factor influencing the demand for NAS throughout the region. Asia Pacific is expected to grow at the fastest rate over the forecast period, owing to factors such as rising investment in digital transformation, rising development of data centers and rising IoT proliferation, in the region.

Major market player included in this report are:
Dell Technologies Inc.
International Business Machine Corporation
QNAP Systems, Inc.
Hitachi Vantara LLC (Hitachi Ltd.)
Western Digital Corporation
Seagate Technology Holdings plc
Synology Inc.
Buffalo Americas, Inc.
NetApp, Inc.
NetGear, Inc

Recent Developments in the Market:
Ø In September 2023, QNAP introduced a new network expansion card, the QXG-10G2T 10 GbE, specifically designed for users requiring simultaneous data access with minimal latency. This target audience includes professionals such as videographers, photographers, and collaborative teams. The newly launched card features dual ports and advanced 5-speed 10 GbE (RJ45), serving as a cost-effective and energy-efficient solution for diverse networking requirements. By seamlessly improving workflow efficiency, this card enhances the user experience for both NAS and PC users, catering to the demands of those engaged in resource-intensive tasks and collaborative projects.
Ø In August 2023, Buffalo announced a product transition labeled “While Supplies Last” for its TeraStation 6000 and 5010 Series NAS product families. Additionally, the company plans to transform its TeraStation 5020 Series product family. The updated products resulting from this transformation would be made available exclusively through Buffalo’s authorized sales channels.

Global Network Attached Storage Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Enterprise Type, Storage Solution, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Enterprise Type:
SoHo: <10 FTEs
Mid-size: <1,000 FTEs
Large Enterprise: >1,000 FTEs

By Storage Solution:
Scale-up NAS
Scale-out NAS

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Network Attached Storage Market, by Region, 2020-2030 (USD Billion)
1.2.2. Network Attached Storage Market, by Enterprise Type, 2020-2030 (USD Billion)
1.2.3. Network Attached Storage Market, by Storage System, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Network Attached Storage Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Network Attached Storage Market Dynamics
3.1. Network Attached Storage Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Exponential growth of digital data Growth in media and entertainment industry Increasing deployment of Internet of Things (IoT) devices
3.1.2. Market Challenges Concerns related to data theft and server breaches
3.1.3. Market Opportunities Increasing product launches Investments in network technologies
Chapter 4. Global Network Attached Storage Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Network Attached Storage Market, by Enterprise Type
5.1. Market Snapshot
5.2. Global Network Attached Storage Market by Enterprise Type, Performance – Potential Analysis
5.3. Global Network Attached Storage Market Estimates & Forecasts by Enterprise Type 2020-2030 (USD Billion)
5.4. Network Attached Storage Market, Sub Segment Analysis
5.4.1. SoHo: <10 FTEs
5.4.2. Mid-size: <1,000 FTEs 5.4.3. Large Enterprise: >1,000 FTEs
Chapter 6. Global Network Attached Storage Market, by Storage System
6.1. Market Snapshot
6.2. Global Network Attached Storage Market by Storage System, Performance – Potential Analysis
6.3. Global Network Attached Storage Market Estimates & Forecasts by Storage System 2020-2030 (USD Billion)
6.4. Network Attached Storage Market, Sub Segment Analysis
6.4.1. Scale-up NAS
6.4.2. Scale-out NAS
Chapter 7. Global Network Attached Storage Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Network Attached Storage Market, Regional Market Snapshot
7.4. North America Network Attached Storage Market
7.4.1. U.S. Network Attached Storage Market Enterprise Type breakdown estimates & forecasts, 2020-2030 Storage System breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Network Attached Storage Market
7.5. Europe Network Attached Storage Market Snapshot
7.5.1. U.K. Network Attached Storage Market
7.5.2. Germany Network Attached Storage Market
7.5.3. France Network Attached Storage Market
7.5.4. Spain Network Attached Storage Market
7.5.5. Italy Network Attached Storage Market
7.5.6. Rest of Europe Network Attached Storage Market
7.6. Asia-Pacific Network Attached Storage Market Snapshot
7.6.1. China Network Attached Storage Market
7.6.2. India Network Attached Storage Market
7.6.3. Japan Network Attached Storage Market
7.6.4. Australia Network Attached Storage Market
7.6.5. South Korea Network Attached Storage Market
7.6.6. Rest of Asia Pacific Network Attached Storage Market
7.7. Latin America Network Attached Storage Market Snapshot
7.7.1. Brazil Network Attached Storage Market
7.7.2. Mexico Network Attached Storage Market
7.8. Middle East & Africa Network Attached Storage Market
7.8.1. Saudi Arabia Network Attached Storage Market
7.8.2. South Africa Network Attached Storage Market
7.8.3. Rest of Middle East & Africa Network Attached Storage Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Dell Technologies Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. International Business Machine Corporation
8.3.3. QNAP Systems, Inc.
8.3.4. Hitachi Vantara LLC (Hitachi Ltd.)
8.3.5. Western Digital Corporation
8.3.6. Seagate Technology Holdings plc
8.3.7. Synology Inc.
8.3.8. Buffalo Americas, Inc.
8.3.9. NetApp, Inc.
8.3.10. NetGear, Inc
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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