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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, 2023 – 2032

  • Report ID: GMI2570
  • Published Date: Dec 2022
  • Report Format: PDF

Industry Drivers

Network Attached Storage Market size valued at USD 20 billion in 2022 and is poised to depict more than 15% CAGR between 2023 and 2032. Rapid digitalization and social media growth to proliferate global market dynamics.

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The deployment of this storage system is associated with data security concerns from cyber threats that are common on IP networks. Since NAS devices function on the IP network, with users adopting varied protocols over the Ethernet to access this storage solution, this risk may limit product use. Moreover, the mounting usage of social media and on-demand entertainment systems will increase the requirement for data storage capacity to favor the NAS market expansion.

Large data-holding capacity to boost traditional NAS architecture development

The traditional architecture segment will exhibit a growth rate of around 15% through 2032, given the large-scale adoption of legacy file storage systems across enterprises. Users rely on these systems as part of their disaster recovery plans and to archive data. Devices in traditional scale-up NAS configurations can also hold several terabytes of data, making this architecture suitable for fulfilling the storage needs of SMBs. However, its complexity, cost concerns, and the availability of alternatives may restrain product development to some extent.

12-bay to 20-bay NAS design to gain traction in video surveillance solutions

The 12-bay to 20-bay design segment is anticipated to observe nearly 20% gains from 2023 to 2032. This is on account of the capability solution to support IP-based video surveillance, storage, and recording. Multi-bay NAS systems are also ideal for backup solutions and high storage density. The rising adoption of high-performance and easily scalable NAS system designs in office environments, file sharing, and collaborative editing, among other applications, will further contribute to market expansion.

Demand for legacy data backup & storage solution to fuel on-premise NAS installation

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The on-premise segment accounted for approximately 65% of the network attached storage market share in 2022, owing to the extensive adoption of legacy scale-up storage systems for data backup. Businesses also rely on this model for effective data storage. Since NAS devices can provide additional storage beyond what the servers offer in shared network environments, their adoption in on-premise data storage applications will further rise.

Mounting generation of consumer-driven data to amplify demand for NAS devices

The home/consumer application segment is set to register a growth of 15% through 2032, due to the increasing purchasing power of consumers. There has been an upsurge in the generation of consumer-driven data through the consumption of videos, movies, music, and media files. This has, in turn, resulted in a significant rise in the need for efficient storage requirements. These factors, alongside the rising disposable income, will increase the use of NAS solutions as a versatile way to store home or consumer data.

Latin America to emerge as a lucrative revenue pocket for NAS device developers

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Latin America NAS market revenue is projected to surpass USD 7 billion by 2032. Government support for technology startups and the healthcare sector growth are among the major factors augmenting NAS storage demand in the region. Based on data from the International Trade Administration, Brazil spends 9.1% of its GDP on healthcare. The need for affordable solutions to store test reports and other data will therefore rise, stimulating NAS system development across the region.

High-capacity system launch initiatives to strengthen the competitive landscape

ASUSTOR Inc., Dell Technologies Inc., TerraMaster Technology Co., LtdBuffalo Americas, Inc., Hewlett Packard Enterprise Company (HPE), Huawei Technologies Co., Ltd., Hitachi, Ltd. Inc., Netapp, Inc., Seagate Technology Holdings plc, Thecus Technology Corp., QNAP Systems Inc., Synology, Inc., Zyxel, and Western Digital Corporation are some of the key players operating in the NAS market. These participants are emphasizing new system launches and other strategies to reinforce their presence in the global market.

Impact of COVID-19 on business outlook

The development of online data repositories to facilitate systematic and rapid analysis and collection of anonymized, individual, and clinical data has surged since the onset of the coronavirus pandemic. These data storage systems have been designed to improve the understanding of the clinical presentation of COVID-19 variants. The demand for data storage solutions also continues to grow despite the continuing impact of the pandemic. These factors will accelerate the advancement of various data management solutions across the global healthcare sector, including network-attached storage systems.

This network attached storage (NAS) market research report includes network attached storage includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 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

Frequently Asked Questions (FAQ) :

The market size of network attached storage surpassed USD 20 billion in 2022 and will depict over 15% CAGR between 2023 and 2032, given the escalating use of social media and entertainment systems.
The traditional architecture segment is poised to register around 15% growth rate through 2032, due to the large-scale adoption of legacy file storage systems.
Latin America NAS market is projected to reach USD 7 billion by 2032, considering the government support for technology startups and healthcare sector growth.
ASUSTOR Inc., Dell Technologies Inc., Buffalo Americas, Inc., Hewlett Packard Enterprise Company (HPE), Seagate Technology Holdings plc, QNAP Systems Inc., and Western Digital Corporation are some of the key players in the NAS market.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 21
  • Tables & Figures: 382
  • Countries covered: 19
  • Pages: 300
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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