PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1720015
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1720015
The Network Attached Storage Market was valued at USD 39,620 million in 2024, growing at a CAGR of 15.60% from 2025 to 2032.
Network-Attached Storage (NAS) is a type of file storage device that connects to a network and provides centralised data access and storage management for multiple users and devices. It offers file sharing, data backup, and media streaming capabilities. NAS devices usually have one or more hard drives and can be accessed via a web-based interface or network protocol.
Network Attached Storage Market- Market Dynamics
Work-From-Home (WFH) Demand Boosts Network-Attached Storage Market.
The growing demand for work-from-home (WFH) solutions is predicted to drive the network-attached storage industry ahead. Work-from-home (WFH) is a work arrangement in which employees conduct their job obligations remotely, usually from their homes or another location outside of the traditional office environment. Remote workers frequently require access to shared files and collaboration tools. Network-attached storage (NAS) provides a centralised and conveniently accessible storage solution, allowing distant team members to collaborate and share data more efficiently. For instance, in June 2023, according to a survey published by Forbes, a US-based business magazine and media organisation, 12.7% of full-time employees work from home, while 28.2% work in a hybrid model. By 2025, 32.6 million Americans will be working remotely. As a result, the growing demand for work-from-home (WFH) solutions is pushing the network-attached storage industry.
Network Attached Storage Market- Key Insights
Our research analyst predicts that the global market will grow at a CAGR of about 15.60% between 2025 and 2032.
According to Design segmentation, the 1 to 8 bays segment will have the largest market share.
Over the forecast period, the Midmarket NAS Solutions segment is expected to expand at a rapid rate. Based on product segmentation.
Scale-out NAS dominates the Network Attached Storage business, according to Storage Solution segmentation.
In 2024, On-premises was the most dominant Deployment Type segment.
In 2024, Telecommunications & ITES was the most popular sort of End-user Industry segmentation.
Based on region, North America was the leading revenue generator in 2024
The global network-attached storage market is divided into six categories: design, product, storage solution, deployment type, end-user industry, and geography.
Design divides the market into four sections: 1-8 Bays, 8-12 Bays, 12-20 Bays, and More than 20 Bays. Throughout the forecast period, the 1 to 8 bays segment will have the largest market share. The increased adoption of these network-attached storage systems by small and medium-sized businesses, research institutes, and media and entertainment professionals such as photographers and video editors may be attributed to the segment's expansion. These designs have several significant advantages, including space optimisation, small product size, fast read/write speeds, and low cost when compared to other high-end products.
Two product-based market segments are midmarket NAS solutions and enterprise NAS solutions. Throughout the projection period, the Midmarket NAS Solutions segment is anticipated to expand at a noteworthy CAGR. The current generation is technologically savvy, utilising cutting-edge electronics such as smartphones, tablets, computers, and other connected devices. Because of the growing popularity of these electronic devices, the amount of digital content in the form of unstructured data has grown. To manage such massive amounts of data, consumers use network attached storage systems. Midmarket network attached storage is ideal for home use, but it also provides excellent and cost-effective solutions for small and medium-sized businesses.
Network Attached Storage Market- Geographical Insights
Geographically, this market encompasses Latin America, Asia Pacific, the Middle East, Africa, North America, and Europe. These zones are further split based on which countries bring business.
North America is expected to account for the largest portion of the global network attached storage market. The presence of a strong technological infrastructure, increasing data generation, and widespread adoption of advanced technologies are expected to contribute to the region's future dominance. The availability of strong low latency networks, as well as the presence of key network-attached storage providers, will help this region to dominate the market. Canada and the United States are expected to be the most profitable markets for any North American network attached storage provider through 2031. Increasing investments in the development of new 5G networks will open up new business opportunities.
Asia Pacific is expected to establish itself as the world's fastest growing market as 5G network technology is deployed more widely and digital transformation accelerates. Rapidly increasing IoT device use, increasing data generation, and growing demand for better data storage and management solutions are expected to be key opportunities for network attached storage companies to pursue in this region in the future. India, Japan, China, and Korea are expected to be the most lucrative markets for all network attached storage companies operating in the region. According to this network attached storage market analysis, the high demand for artificial intelligence technologies and offerings in this region will provide new revenue generation opportunities for companies in the future.
The competitive landscape for Network Attached Storage (NAS) is dominated by a mix of established players and innovative startups. NETGEAR, Inc., Synology Inc., Buffalo Americas, Inc. and Pure Storage, Inc. are market leaders, offering cutting-edge NAS solutions that meet both consumer and enterprise needs. To attract customers, vendors focus on improving product features such as data security, scalability, and usability. Furthermore, new companies are introducing innovative technologies, such as cloud integration and artificial intelligence features, to differentiate their offerings. This competitive environment fosters ongoing innovation and promotes the use of NAS solutions in various industries, thereby improving data storage and management capabilities. For instance, in April 2023, Seagate partnered with QNAP Systems Inc. to offer a comprehensive portfolio of edge-to-cloud enterprise storage options. It includes QNAP's high-capacity NAS solutions, Seagate Lyve Cloud, and IronWolf Pro Hard Drives (HD), making it ideal for small to medium businesses and content creators.
March 2024, QNAP Systems, Inc. introduced the TS-216G, a high-performance 2-bay NAS intended for individuals and small enterprises. It has a powerful ARM quad-core processor, a 2.5GbE connection, 4GB of RAM, and an integrated NPU for faster AI-powered photo management. This NAS provides efficient file management, seamless data sharing, and smooth media streaming, making it a dependable and affordable storage solution.
August 2023, Buffalo announced a product transition to While Supplies Last for its Tera Station 6000 and 5010 Series NAS product families. The company also intends to adapt its new TeraStation 5020 Series product line. All modified products will be offered via the company's authorised sales channels.
June 2023, Synology's entry-level J Series now includes the 2-bay DiskStation DS223j. This launch is aimed at meeting the demands of home offices and small teams. The DS223j is a NAS that runs the company's user-friendly DiskStation Manager and includes a variety of choices and apps for everyday data storage and administration, such as video surveillance, file synchronisation and sharing, and backup.