Market Research Future (MRFR) has published a cooked research report on the “Global Network-Attached Storage (NAS) Market” that contains information from 2018 to 2030. The Network-Attached Storage (NAS) market is estimated to register a CAGR of 16.87% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global Network-Attached Storage (NAS) market— Dell Technologies Inc. (U.S.), Western Digital Corporation (U.S.), Synology, Inc. (Taiwan), QNAP Systems, Inc. (Taiwan), NetApp, Inc. (U.S.), Hewlett Packard Enterprise Company (HPE) (U.S.), Hitachi, Ltd. (Japan), Seagate Technology Public Limited Company (PLC) (U.S.), NETGEAR, Inc. (U.S.) and Buffalo Americas, Inc. (U.S.).
The global Network-Attached Storage (NAS) market is accounted to register a CAGR of 16.87% during the forecast period and is estimated to reach USD 100.81 Billion by 2030.
The Network-Attached Storage (NAS) market refers to the industry that provides dedicated file storage devices connected to a network. NAS devices are standalone units that provide centralized storage and file sharing capabilities to multiple users and devices within a network. They offer convenient data management, backup, and remote access functionalities, making them popular in home, small business, and enterprise environments.
The global Network-Attached Storage (NAS) market has been segmented based on Product Type Storage Solutions, and end user.
Based on Product Type, the market is segmented into high-end/enterprise, mid-market, and low-end. A sizable market share for network attached storage is anticipated for the mid-market. For data storage, a number of top providers provide NAS solutions for mid-market businesses.
Based on storage solutions, the global Network-Attached Storage (NAS) market has been segmented into scale-out and scale-up. Scale-up solutions hold the highest share during the predicted period due to an increase in the need for extra data storage among businesses worldwide.
Based on End User, the global Network-Attached Storage (NAS) market has been segmented into healthcare, banking, financial services and insurance (BFSI), IT & telecom, retail & e-commerce, automotive, and others. Due to an increase in ICT infrastructure investment and increased ICT spending by businesses, the IT and telecom sector is dominating the industry. IDC Report projects that by 2020, global ICT spending will total USD 4.8 trillion.
The global Network-Attached Storage (NAS) market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Network-Attached Storage (NAS) market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Network-Attached Storage (NAS) market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Network-Attached Storage (NAS) market comprises of Middle East, Africa, and Latin America.
The North America Network-Attached Storage (NAS) Market dominated this market in 2022 The market is expanding as a result of rising private and public investment in wireless technologies in this region.
Additionally, the second-largest market share for Network-Attached Storage (NAS) is held by Europe. This is a result of the increase in connected devices and the significant increase in data generation.
During the projection period, Asia Pacific is expected to develop at a considerable CAGR and offer profitable prospects for market expansion. This is mostly due to the increasing use of linked gadgets like smartphones.
Also. The NAS industry has grown as a result of rising IoT device adoption and a surge in large volumes of big data. In 2020, the GSMA Intelligence Report stated that Latin America's IoT connections were expected to grow by an average of 14% yearly to 1.3 billion devices by 2025. The usage of IoT connections will rise, which will accelerate the growth of the NAS market over the forecast period.
Key Findings of the Study