Network-Attached Storage Market Trends

ID: MRFR/ICT/2526-CR

134 Pages

Shubham Munde

February 2020

Network Attached Storage Market Research Report By Product Type (Standalone NAS, Rack-Mounted NAS, Enterprise NAS, Portable NAS), By Storage Capacity (Below 1TB, 1TB to 10TB, 10TB to 50TB, Above 50TB), By End User (Individual Users, Small and Medium Enterprises, Large Enterprises, Educational Institutions), By Application (Data Backup and Recovery, File Storage and Sharing, Surveillance and Vid...

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Market Trends

Key Emerging Trends in the Network-Attached Storage Market

The need for safe and spacious data storage options has grown tremendously due to the rise of the Internet and other advanced technologies. Businesses, both big and small, are generating massive amounts of data that require efficient management and storage in one central location for easy access. A helpful solution to this challenge is the use of network attached storage (NAS) devices. NAS devices are high-capacity storage tools that connect to local area networks (LANs) and various cloud storage and application services. They are gaining popularity as an effective, scalable, and cost-efficient storage solution among enterprises. NAS devices offer several advantages for organizations. They streamline data access and file sharing across diverse client and server environments. Additionally, they consolidate server and storage infrastructure, simplifying management and enhancing efficiency and scalability.

These devices also contribute to stronger data protection and security measures, aligning with the requirements set by the European Union's General Data Protection Regulation (GDPR) since May 2018. The GDPR mandates the use of secure storage devices to safeguard customer privacy globally. Consequently, many companies are opting for reliable and secure storage devices to comply with these regulations, leading to an increased adoption of NAS devices. A notable feature of many NAS systems is the incorporation of government-grade hardware encryption technology to protect critical data stored on the hard drive. This technology empowers users to choose the level of security, ranging from encrypting a single file to encrypting the entire volume, based on diverse business requirements. This added layer of security is crucial for companies aiming to safeguard sensitive information and comply with data protection regulations.

Another factor contributing to the growing demand for NAS devices is their ability to function like independent cloud storage. They have the flexibility to expand and grow to meet the ever-increasing storage needs of businesses. This scalability is particularly advantageous for companies experiencing rapid data growth, as NAS devices can adapt to the changing storage requirements without a significant overhaul of the existing infrastructure. In summary, the surge in data generation by businesses necessitates reliable and secure storage solutions. NAS devices have emerged as a popular choice due to their effectiveness, scalability, and cost-efficiency. The GDPR's regulations further propel the adoption of secure storage devices, and the incorporation of encryption technology enhances data protection. With the capability to function as independent cloud storage and accommodate growing storage needs, NAS devices are becoming indispensable for organizations seeking efficient data management and storage solutions in today's technology-driven landscape.

Market Highlights

Author

Shubham Munde

Research Analyst Level II

With a technical background in information technology & semiconductors, Shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. He is the POC for our clients, for their consulting projects running under the ICT/Semiconductor domain. Shubham holds a Bachelor’s in Information and Technology and a Master of Business Administration (MBA). Shubham has executed over 150 research projects for our clients under the brand name Market Research Future in the last 2 years. His core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. He is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. He has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. He has worked on the projects of top tech brands such as IBM, Google, Microsoft, AWS, Meta, Oracle, Cisco Systems, Samsung, Accenture, VMware, Schneider Electric, Dell, HP, Ericsson, and so many others. He has worked on Metaverse, Web 3.0, Zero-Trust security, cyber-security, blockchain, quantum computing, robotics, 5G technology, High-Performance computing, data centers, AI, automation, IT equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.

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FAQs

What is the expected market size of the Network Attached Storage Market in 2032?

The Network Attached Storage Market is expected to be valued at 82.0 USD Billion by 2032.

What is the projected CAGR for the Network Attached Storage Market from 2024 to 2032?

The expected CAGR for the Network Attached Storage Market from 2024 to 2032 is 8.04%.

Which region is expected to have the largest market share in the Network Attached Storage Market by 2032?

North America is projected to have the largest market share, valued at 30.0 USD Billion in 2032.

What will be the market value of Standalone NAS in 2032?

The market value of Standalone NAS is anticipated to reach 25.0 USD Billion by 2032.

Who are the major players in the Network Attached Storage Market?

Key players include Hewlett Packard Enterprise, Western Digital, Cisco, Seagate Technology, and NetApp, among others.

What is the expected market value for Rack-Mounted NAS in 2032?

Rack-Mounted NAS is expected to have a market value of 27.5 USD Billion in 2032.

What is the forecasted market value for the APAC region in the Network Attached Storage Market by 2032?

The APAC region is projected to be valued at 22.0 USD Billion in 2032.

What is the estimated market size of the Enterprise NAS segment in 2032?

The Enterprise NAS segment's market size is estimated to reach 19.5 USD Billion by 2032.

What challenges are driving trends in the Network Attached Storage Market?

Increasing data storage demands and security concerns are significant challenges driving trends in the market.

How much is the Portable NAS segment expected to be worth in 2032?

The Portable NAS segment is expected to be valued at 10.0 USD Billion by 2032.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per MRFR analysis, the Network Attached Storage Market Size was estimated at 44.17 USD Billion in 2024. The Network Attached Storage industry is projected to grow from 47.72 USD Billion in 2025 to 103.4 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 8.04 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Network Attached Storage Market is experiencing robust growth driven by evolving data management needs and technological advancements.

The market is witnessing a rising demand for scalable solutions, particularly in North America, which remains the largest market.
Integration of advanced technologies is becoming increasingly prevalent, especially in the Asia-Pacific region, known for its rapid growth.
There is a notable shift towards hybrid and cloud solutions, reflecting changing preferences among enterprises and consumers alike.
Key market drivers include increasing data storage needs and the growing importance of data security, particularly in the enterprise NAS segment.

Network-Attached Storage Market

CAGR

8.04%

Market Size & Forecast

2024 Market Size	44.17 (USD Billion)
2035 Market Size	103.4 (USD Billion)
CAGR (2025 - 2035)	8.04%
Largest Regional Market Share in 2024	North America

Major Players

Synology (TW), QNAP Systems (TW), Western Digital (US), Netgear (US), Buffalo Technology (JP), Seagate Technology (US), Asustor (TW), TerraMaster (CN), Zyxel Communications (TW)

Market Trends

The Network Attached Storage Market is currently experiencing a notable transformation, driven by the increasing demand for efficient data management solutions. Organizations across various sectors are recognizing the necessity of scalable storage options that can accommodate the growing volume of digital information. This trend is further fueled by the rise of remote work and the need for secure data access from multiple locations. As a result, businesses are gravitating towards NAS systems that offer enhanced performance, reliability, and ease of use. Moreover, the integration of advanced technologies such as artificial intelligence and machine learning into NAS solutions is likely to enhance their capabilities, making them more appealing to enterprises seeking to optimize their data storage strategies. In addition, the Network Attached Storage Market is witnessing a shift towards hybrid and cloud-based solutions. Companies are increasingly adopting hybrid models that combine on-premises storage with cloud services, allowing for greater flexibility and cost-effectiveness. This approach not only facilitates seamless data backup and recovery but also supports collaboration among teams dispersed across different geographical locations. As the market evolves, it appears that the emphasis on security and data protection will continue to grow, prompting manufacturers to innovate and develop robust NAS systems that address these concerns. Overall, the Network Attached Storage Market is poised for substantial growth, driven by technological advancements and changing consumer preferences.

Rising Demand for Scalable Solutions

The Network Attached Storage Market is witnessing an increasing need for scalable storage options. Organizations are seeking solutions that can grow alongside their data requirements, ensuring that they can manage expanding volumes of information without compromising performance.

Integration of Advanced Technologies

The incorporation of artificial intelligence and machine learning into NAS systems is becoming more prevalent. These technologies enhance the functionality of storage solutions, enabling smarter data management and improved operational efficiency.

Shift Towards Hybrid and Cloud Solutions

A notable trend in the Network Attached Storage Market is the movement towards hybrid and cloud-based storage models. This shift allows businesses to combine on-premises systems with cloud services, offering flexibility and enhanced data accessibility.

Network-Attached Storage Market Market Drivers

Increasing Data Storage Needs

The Network Attached Storage Market is experiencing a surge in demand due to the exponential growth of data generated by businesses and individuals. As organizations increasingly rely on data-driven decision-making, the need for efficient and scalable storage solutions becomes paramount. According to recent estimates, data creation is projected to reach 175 zettabytes by 2025, necessitating robust storage infrastructures. This trend is particularly evident in sectors such as healthcare, finance, and media, where large volumes of data are processed daily. Consequently, the Network Attached Storage Market is poised for substantial growth as companies seek reliable solutions to manage and store their data effectively.

Rising Adoption of Remote Work

The shift towards remote work has significantly influenced the Network Attached Storage Market. As organizations adapt to flexible work arrangements, the demand for accessible and secure data storage solutions has intensified. Employees require seamless access to files and applications from various locations, making Network Attached Storage an attractive option. This trend is reflected in the increasing number of businesses investing in NAS systems to facilitate collaboration and data sharing among remote teams. The Network Attached Storage Market is likely to benefit from this ongoing transformation, as companies prioritize solutions that enhance productivity and ensure data security in a remote work environment.

Emergence of IoT and Smart Devices

The proliferation of Internet of Things (IoT) devices is reshaping the Network Attached Storage Market. As more devices become interconnected, the volume of data generated is increasing exponentially. This surge necessitates efficient storage solutions capable of handling vast amounts of data from various sources. Network Attached Storage systems are well-suited to accommodate this influx, providing centralized storage for IoT-generated data. Industries such as manufacturing, agriculture, and smart cities are leveraging NAS solutions to manage and analyze data effectively. The Network Attached Storage Market is likely to see continued growth as organizations seek to harness the potential of IoT through effective data management.

Growing Importance of Data Security

Data security has emerged as a critical concern for organizations, driving growth in the Network Attached Storage Market. With the rise in cyber threats and data breaches, businesses are increasingly seeking storage solutions that offer robust security features. Network Attached Storage systems provide advanced encryption, user authentication, and backup capabilities, addressing these concerns effectively. As organizations prioritize the protection of sensitive information, the demand for secure NAS solutions is expected to rise. This trend indicates a shift in the Network Attached Storage Market towards products that not only offer storage capacity but also prioritize data integrity and security.

Advancements in Technology and Features

Technological advancements are playing a pivotal role in shaping the Network Attached Storage Market. Innovations such as improved data transfer speeds, enhanced user interfaces, and integration with cloud services are making NAS solutions more appealing to consumers and businesses alike. The introduction of features like automated backups, remote access, and multi-device compatibility is further driving adoption. As technology continues to evolve, the Network Attached Storage Market is expected to witness increased competition among manufacturers striving to offer cutting-edge solutions. This dynamic environment suggests a promising future for NAS systems as they adapt to meet the changing needs of users.

Market Segment Insights

By Type: Enterprise NAS (Largest) vs. Rack-Mounted NAS (Fastest-Growing)

The Network Attached Storage (NAS) market exhibits a diverse distribution among different types, with Enterprise NAS leading in market share. This segment, designed for large-scale operations, greatly benefits from the increasing data storage needs of corporations. In contrast, Rack-Mounted NAS is gaining traction as companies seek scalable, flexible storage solutions that can evolve with their business needs. Both segments serve distinct market needs, further highlighting the robust nature of the NAS market. As businesses continue to digitalize operations, the demand for reliable storage options skyrockets. This trend accelerates the growth of Rack-Mounted NAS, often favored for its space-saving architecture and ability to integrate with existing systems. Furthermore, the rise of remote and hybrid work environments has prompted increased interest in portable and standalone solutions, though these segments lag behind Enterprise NAS. Overall, an emphasis on data management and security is shaping the trajectory of the NAS market.

NAS Type: Enterprise NAS (Dominant) vs. Rack-Mounted NAS (Emerging)

Enterprise NAS is characterized by its robustness, high capacity, and advanced features tailored for larger organizations. These systems offer superior data management capabilities, security protocols, and redundancy features, making them the go-to choice for businesses requiring reliable data storage solutions. As digital transformation continues across various industries, the Enterprise NAS segment remains vital. Conversely, Rack-Mounted NAS systems are emerging as flexible alternatives, suited for businesses seeking customizable storage that can be expanded as needed. Their design allows for efficient space utilization within server rooms, catering well to organizations focusing on optimizing their IT infrastructure. Combined, these segments illustrate the evolving needs of enterprises in the data storage landscape.

By Storage Capacity: 1TB to 10TB (Largest) vs. 10TB to 50TB (Fastest-Growing)

In the Network Attached Storage (NAS) market, the storage capacity segment is crucial, featuring significant variations in user preferences. The largest share is held by the 1TB to 10TB category, appealing to both home and small business users seeking adequate space for data storage without overwhelming complexity. Meanwhile, 10TB to 50TB storage solutions are experiencing rapid adoption, particularly among enterprises focusing on data-intensive applications like cloud services, backup, and big data analytics. The growth trends in this segment are driven by the increasing data generation from various sources, requiring scalable and reliable storage solutions. The demand for more substantial storage capacities is also fueled by digital transformation initiatives across industries, leading to a greater need for NAS systems equipped with larger storage capacities to handle extensive data workloads.

Storage Capacity: 1TB to 10TB (Dominant) vs. 10TB to 50TB (Emerging)

The 1TB to 10TB segment is considered the dominant force in the Network Attached Storage market, appealing primarily to small businesses and home users. Its balance of affordability and availability makes it a popular choice for users needing ordinary data storage, such as media files, personal documents, and small-scale backups. Conversely, the 10TB to 50TB segment is emerging with robust growth, reflecting the evolving data requirements of medium to large businesses. This segment caters to enterprises seeking higher capacity solutions for critical applications, driven by the expanding cloud storage needs and increasing reliance on data analytics. As organizations continue to invest in higher performance, these emerging solutions deliver essential capabilities for managing a growing volume of data efficiently.

By End User: Small and Medium Enterprises (Largest) vs. Educational Institutions (Fastest-Growing)

The Network Attached Storage market demonstrates a diverse distribution among its end-user segments. Small and Medium Enterprises (SMEs) command the largest share, primarily due to their increasing reliance on data storage solutions to manage growing digital content and enhance operational efficiency. Individual Users also contribute to the market, yet their share is comparatively smaller, focusing mainly on personal data backup and media storage. In contrast, Large Enterprises hold a significant share, driven by their massive data requirements and complex storage strategies.

SMEs (Dominant) vs. Educational Institutions (Emerging)

Small and Medium Enterprises (SMEs) represent the dominant force in the Network Attached Storage market, leveraging these solutions for data collaboration, remote access, and efficient backup systems. Their needs are often driven by cost-effective solutions that enhance internal operations and employee collaboration. By contrast, Educational Institutions are emerging as a significant segment, increasingly adopting NAS solutions to support digital learning environments and administrative functions. This trend is fueled by the growing emphasis on educational technology and the necessity for accessible, secure data management solutions, making them one of the fastest-growing end-user groups in the market.

By Application: File Storage and Sharing (Largest) vs. Cloud Storage (Fastest-Growing)

In the Network Attached Storage market, the application segment showcases a diverse range of functionalities. File Storage and Sharing holds the largest share, driven by the rising need for efficient data handling and collaboration among remote teams. In contrast, Cloud Storage is rapidly gaining traction, reflecting evolving consumer preferences for flexible, scalable solutions that accommodate large datasets and facilitate remote access.

File Storage and Sharing (Dominant) vs. Cloud Storage (Emerging)

File Storage and Sharing is a cornerstone of the Network Attached Storage landscape, providing robust tools for data management and collaboration. It appeals to businesses requiring seamless file access and sharing capabilities among multiple users, significantly enhancing productivity. Meanwhile, Cloud Storage is an emerging segment, gaining prominence due to its scalability and remote accessibility. Organizations are increasingly adopting this solution to leverage centralized repositories that accommodate extensive data requirements while supporting flexible working conditions. Together, these segments illustrate a dynamic market responding to the demands for efficient data management and enhanced user experience.

Get more detailed insights about Network Attached Storage Market Research Report - Global Forecast till 2035

Regional Insights

The Network Attached Storage Market revenue reached 40.88 USD Billion in 2023 and is projected to undergo significant growth across various regions. North America currently holds a majority of the market, valued at 15.0 USD Billion, and is expected to expand to 30.0 USD Billion by 2032, driven by high data storage demands and advanced technological adoption.

Europe follows closely, with a market valuation of 10.0 USD Billion in 2023, potentially doubling to 20.0 USD Billion in the same timeframe, supported by increasing cloud storage utilization.The APAC region also plays a crucial role, starting at 10.0 USD Billion in 2023 and anticipated to grow to 22.0 USD Billion, benefitting from rapid digital transformation initiatives in emerging economies. South America and the MEA regions represent smaller shares, valued at 3.0 USD Billion and 2.88 USD Billion, respectively, in 2023, but both show opportunities for growth, particularly as businesses in these areas seek efficient data management solutions.

The varied growth rates across these regions highlight the diverse market dynamics and the importance of regional strategies in the Network Attached Storage Market industry.

Key Players and Competitive Insights

The competitive landscape of the Network Attached Storage Market is characterized by dynamic growth and innovation, driven by escalating demand for data storage solutions and the increasing shift towards cloud-based applications. As businesses and individual consumers alike seek to store, access, and manage vast quantities of data, companies within this market focus on enhancing capabilities such as scalability, speed, and security. The presence of key players not only stimulates competition but also encourages technological advancement, leading to the development of more sophisticated and efficient storage solutions.

Moreover, the advent of emerging technologies such as Artificial Intelligence and machine learning is expected to further revolutionize this sector as firms vie to differentiate themselves and capture a larger share of the market.Hewlett Packard Enterprise has established itself as a formidable force in the Network Attached Storage Market, bringing a strong portfolio of innovative storage solutions tailored for diverse enterprise needs. The company's commitment to enhancing operational efficiency has enabled it to successfully address complex storage challenges faced by organizations today.

Hewlett Packard Enterprise leverages its robust technological infrastructure and extensive industry expertise to provide customers with highly scalable and secure NAS offerings. Notably, the company focuses on integrating its storage solutions with cloud capabilities, thus ensuring seamless management of hybrid and multi-cloud environments. This strength not only augments the user experience but also positions Hewlett Packard Enterprise as a leader in meeting the evolving demands of data-centric businesses.Western Digital stands as a significant player in the Network Attached Storage Market, renowned for its comprehensive range of data storage solutions tailored for both consumer and enterprise applications.

The company's deep expertise in data storage technologies is reflected in its extensive product offerings, including high-performance NAS devices that cater to the growing data needs of various sectors. Western Digital's commitment to innovation is evident through its continuous investment in research and development, enabling it to provide cutting-edge technologies that enhance storage capacity and data protection. Furthermore, the company's strong partnerships and collaborations across the technology ecosystem bolster its market presence and allow it to deliver integrated solutions that address the specific requirements of customers, enhancing their operational efficiency and data management capabilities.

Key Companies in the Network-Attached Storage Market market include

Industry Developments

Q2 2024: NetApp appoints new CEO to drive cloud and storage growth NetApp announced the appointment of a new Chief Executive Officer in April 2024, aiming to accelerate its strategy in cloud and network attached storage solutions.
Q2 2024: QNAP Launches TS-h1290FX: World's First All-Flash U.2 NVMe/SATA NAS with AMD EPYC 7002 Series Processor QNAP introduced the TS-h1290FX, an all-flash NAS system targeting enterprise and creative professionals, featuring AMD EPYC processors and high-speed NVMe storage.
Q2 2024: Synology Announces Partnership with Veeam to Enhance Data Protection for NAS Users Synology and Veeam entered a partnership to integrate Veeam's backup solutions with Synology's NAS devices, aiming to provide advanced data protection for enterprise customers.
Q2 2024: Western Digital Unveils New Ultrastar Data60 and Data102 Hybrid Storage Platforms Western Digital launched new hybrid storage platforms, the Ultrastar Data60 and Data102, designed for scalable network attached storage deployments in data centers.
Q3 2024: OpenDrives raises $25M Series B to expand enterprise NAS solutions OpenDrives secured $25 million in Series B funding to accelerate development and deployment of its enterprise network attached storage products.
Q3 2024: Buffalo Technology Expands TeraStation NAS Line with New 2.5GbE Models Buffalo Technology announced the release of new TeraStation NAS models featuring 2.5GbE connectivity, targeting small and medium-sized businesses seeking faster network storage.
Q3 2024: Seagate Launches Exos CORVAULT 5U84, Expanding High-Density NAS Storage Portfolio Seagate introduced the Exos CORVAULT 5U84, a high-density NAS storage system designed for hyperscale data centers and enterprise backup applications.
Q4 2024: Dell Technologies launches PowerScale OneFS 10 for next-gen NAS workloads Dell Technologies released PowerScale OneFS 10, the latest version of its NAS operating system, offering enhanced scalability and performance for unstructured data workloads.
Q4 2024: Asustor Announces Lockerstor Gen2 NAS Series with Intel Alder Lake Processors Asustor launched the Lockerstor Gen2 NAS series, featuring Intel Alder Lake processors and improved energy efficiency for business and home users.
Q1 2025: Netgear Unveils ReadyNAS Ultra X Series for SMBs Netgear introduced the ReadyNAS Ultra X Series, a new line of NAS devices designed for small and medium-sized businesses, offering enhanced security and cloud integration.
Q1 2025: TerraMaster Launches TOS 6.0, Major NAS Operating System Upgrade TerraMaster released TOS 6.0, a significant upgrade to its NAS operating system, delivering new features for data management, security, and cloud connectivity.
Q2 2025: QNAP and Seagate Announce Strategic Partnership to Optimize NAS Storage Solutions QNAP and Seagate formed a strategic partnership to jointly develop and optimize NAS storage solutions, focusing on performance and reliability for enterprise customers.

Future Outlook

Network-Attached Storage Market Future Outlook

The Network Attached Storage Market is projected to grow at an 8.04% CAGR from 2024 to 2035, driven by increasing data storage needs and cloud integration.

New opportunities lie in:

Development of AI-driven data management solutions
Expansion into edge computing for real-time data processing
Partnerships with cloud service providers for hybrid storage solutions

By 2035, the market is expected to be robust, reflecting substantial growth and innovation.

Market Segmentation

Network-Attached Storage Market Type Outlook

Standalone NAS
Rack-Mounted NAS
Enterprise NAS
Portable NAS

Network-Attached Storage Market End User Outlook

Individual Users
Small and Medium Enterprises
Large Enterprises
Educational Institutions

Network-Attached Storage Market Application Outlook

Data Backup and Recovery
File Storage and Sharing
Surveillance and Video Storage
Cloud Storage

Network-Attached Storage Market Storage Capacity Outlook

Below 1TB
1TB to 10TB
10TB to 50TB
Above 50TB

Report Scope

MARKET SIZE 2024	44.17(USD Billion)
MARKET SIZE 2025	47.72(USD Billion)
MARKET SIZE 2035	103.4(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	8.04% (2024 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Market analysis in progress
Segments Covered	Market segmentation analysis in progress
Key Market Opportunities	Integration of artificial intelligence in Network Attached Storage Market enhances data management and operational efficiency.
Key Market Dynamics	Rising demand for data storage solutions drives innovation and competition in the Network Attached Storage market.
Countries Covered	North America, Europe, APAC, South America, MEA