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Network Attached Storage (NAS) Market Size By Architecture (Traditional, Scale-out), By Design (1-bay to 8-bay, 8-bay to 12-bay, 12-bay to 20 bay, above 20-bay), By Deployment Model (On-premise, Cloud, Hybrid), By Application (Home/Consumer NAS, Business [BFSI, Telecom & IT, Healthcare, Retail & Consumer Goods, Government, Media & Entertainment]), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI2570
  • Published Date: Nov 2021
  • Report Format: PDF

Industry Trends

Network Attached Storage (NAS) Market size exceeded USD 15 billion in 2020 and is estimated to grow at around 10% CAGR from 2021 to 2027. Increasing demand for delarge volumes of multimedia content generated from consumer mobile devices such as smartphones, laptops, and tablets along with smart devices is driving the industry growth.

Network Attached Storage (NAS) Market

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The NAS system can be used as a home backup device, a mail server, a media streamer, a video-surveillance recorder, or a website-hosting device for consumer-level applications. These systems are easy to install and offer affordable storage & backup solutions.

COVID-19 restrictions across the globe have resulted in the increasing work-from-home trend across various industry verticals. This growing work-from-home trend has resulted in increasing need for sophisticated and flexible storage solutions. The COVID-19 pandemic restrictions positively impacted the market revenue for NAS solutions.

Increasing demand for storage systems across SMEs in Canada

The traditional NAS market in Canada held more than 60% of the revenue share in 2020 due to growing demand for traditional storage systems across SMEs and residential customers. The traditional or scale-up systems are managed & configured using a browser-based utility function and reside on an independent LAN with an IP address. These devices can provide access to the same files to multiple clients existing on the network. The introduction of scale-up NAS devices has given enterprises the advantage of managing discrete file servers that were separately managed and configured earlier. These systems are used by home & business enterprise users for archiving data and disaster recovery.

Growing digitalization across various sectors in the UK

UK Network Attached Storage (NAS) Market Size By Design

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In the UK, above 20-bay NAS is expected to register growth rate of about 15% through 2027 driven by the advent of a large IT sector, followed by the emergence of government initiatives for digitalization. Above 20-bay system mainly used by large-scale enterprises requires huge storage, processing, and data recovery capacity. Growing digitalization across large industry verticals is likely to spur the industry statistics.

On-premise deployment model in china dominated the market

In China, the on-premise deployment capture above 60% of the network attached storage market share in 2020. The on-premise deployment model is used by businesses for the effective and efficient storage of data. These devices offer economic business solutions with enhanced security, reliability, scalability, and fast performance. Many organizations are facing problems such as data archiving, which can be resolved using the on-premise deployment model. The premise NAS systems are used by many small- & medium-scale IT industries for data backup. Key market players are engaged in enhancing the security features of these systems to provide more secured data and accessibility solutions.

In Germany, the consumer NAS application to witness significant demand

Germany Network Attached Storage (NAS) Market Size By Application

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The home end-use segment in Germany is poised to observe 15% gains through 2027 impelled by increasing e-commerce and government initiatives for the rapid adoption of digitalization. Moreover, there is increasing adoption of video surveillance systems as many individual consumers are installing surveillance cameras outside & inside their residences for security reasons. An upsurge in consumer-driven data, such as movies, videos, music, and media files, that need to be stored also boost the industry expansion.

North America to dominate the NAS market

North America Network Attached Storage (NAS) Market Share By Country

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North America is predicted to generate USD 15 billion revenue by 2027 led by the well-established IT and telecom sectors. The presence of large NAS solution providers in the region, such as HPE, Dell EMC, and Western Digital Corporation, is another factor supporting market growth. There has been an increasing emphasis on NAS companies to introduce advanced storage solutions in the U.S. market to effectively adapt to changing business storage requirements.

Continuous product innovations are key strategies adopted by leading companies

Players operating in the NAS industry are emphasizing on upgrading their product portfolios. For instance, in September 2021, Dell EMC upgraded its PowerScale NAS solution with flexible consumption, protection, security & management, capabilities to effectively store and manage data. This innovation helped the company to gain a competitive advantage.

Some of the NAS market players include ASUSTOR Inc., Buffalo Americas, Inc., Cisco Systems, Inc., Dell Technologies Inc., Hewlett Packard Enterprise Company (HPE), Hitachi, Ltd., Huawei Technologies Co., Ltd., Infortrend Technology Inc., Nasuni Corporation., Netapp, Inc., Netgear, Inc., Panasas, Promise Technology, QNAP Systems Inc., Seagate Technology Holdings plc, Softnas, Inc., Synology, Inc., Thecus Technology Corp., and Western Digital Corporation.

This market research report on network attached storage (NAS) includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2027 for the following segments:

Market, By Architecture

  • Traditional
  • Scale-out

Market, By Design

  • 1-bay to 8-bay
  • 8-bay to 12-bay
  • 12-bay to 20 bay
  • Above 20-bay

Market, By Deployment Model

  • On-premise
  • Cloud
  • Hybrid

Market, By Application

  • Home/Consumer
  • Business
    • BFSI
    • Telecom & IT
    • Healthcare
    • Retail & Consumer Goods
    • Government
    • Media & Entertainment
    • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ
    • Taiwan
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa


Authors: Preeti Wadhwani, Smriti Loomba

Frequently Asked Questions (FAQ) :

The market size of network attached storage surpassed USD 15 billion in 2020 and will observe a CAGR of more than 10% between 2021 and 2027, says this GMI report.

U.K. market share from above 20-bay segment will grow at over 15% CAGR up to 2027 on account robust government policies and growth of IT sector.

On-premises deployment model accounted for around 60% of the revenue share in 2020 and will grow due to improved reliability, security, fast performance and scalability.

North America is forecast to garner about USD 15 billion revenue by 2027 on account of presence of leading telecom and IT sectors.

Dell Technologies Inc., Huawei Technologies Co., Ltd., QNAP Systems Inc., Thecus Technology Corp., Buffalo Americas, Inc. and Infortrend Technology Inc., among others are some of the key players boosting the NAS market share.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 19
  • Tables & Figures: 371
  • Countries covered: 19
  • Pages: 270

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