Network Attached Storage Market Report: Trends, Forecast and Competitive Analysis to 2030

Network Attached Storage Trends and Forecast

The future of the global network attached storage market looks promising with opportunities in the BFSI, telecommunications & ITeS, consumer goods & retail, healthcare, energy, government, education & research, media & entertainment, and manufacturing markets. The global network attached storage market is expected to reach an estimated $63.4 billion by 2030 with a CAGR of 14.1% from 2024 to 2030. The major drivers for this market are growing usage of data analytics, increasing adoption of internet of things (IOT) technologies and connected devices, and surge in usage of 5G technology.

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Network Attached Storage by Segment

The study includes a forecast for the global network attached storage by storage solution, product, deployment type, end use industry, and region.

Network Attached Storage Market by Storage Solution [Shipment Analysis by Value from 2018 to 2030]:

• Scale-up NAS
• Scale-out NAS

Network Attached Storage Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Enterprise NAS Solutions
• Midmarket NAS Solutions

Network Attached Storage Market by Deployment Type [Shipment Analysis by Value from 2018 to 2030]:

• On-premises
• Remote/Cloud
• Hybrid

Network Attached Storage Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• BFSI
• Telecommunications & ITeS
• Consumer Goods & Retail
• Healthcare
• Energy
• Government
• Education & Research
• Media & Entertainment
• Manufacturing
• Others

Network Attached Storage Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Network Attached Storage Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies network attached storage companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the network attached storage companies profiled in this report include-

• Dell Technologies
• Netapp
• Hewlett Packard Enterprise
• Hitachi
• Western Digital Corporation
• Seagate Technology Holdings Public
• Netgear
• Synology
• Buffalo Americas
• Pure Storage

Network Attached Storage Market Insights

Lucintel forecast that on-premise will remain the largest segment over the forecast period as it provides its users with complete control over data accessibility while ensuring increased data security.

Within this market, telecommunications & ITeS will remain the largest segment due to growing application of NAS for data mobility, storage virtualization, backup, and recovery across the industry.

APAC is expected to witness highest growth over the forecast period due to the rising adoption of connected devices and growing number of micro, small, and medium enterprises (MSMES) in the region.

Features of the Global Network Attached Storage Market

Market Size Estimates: Network attached storage market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Network attached storage market by various segments, such as by storage solution, product, deployment type, end use industry and region in terms of($B).

Regional Analysis: Network attached storage market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different storage solutions, products, deployment types, end use industries, and regions for the network attached storage market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the network attached storage market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the network attached storage market size?

Answer: The global network attached storage market is expected to reach an estimated $63.4 billion by 2030.

Q.2 What is the growth forecast for network attached storage market?

Answer: The global network attached storage market is expected to grow with a CAGR of 14.1% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the network attached storage market?

Answer: The major drivers for this market are growing usage of data analytics, increasing adoption of internet of things (IOT) technologies and connected devices, and surge in usage of 5G technology.

Q4. What are the major segments for network attached storage market?

Answer: The future of the global network attached storage market looks promising with opportunities in the BFSI, telecommunications & ITeS, consumer goods & retail, healthcare, energy, government, education & research, media & entertainment, and manufacturing markets

Q5. Who are the key network attached storage market companies?

Answer: Some of the key network attached storage companies are as follows:

• Dell Technologies
• NetApp
• Hewlett Packard Enterprise
• Hitachi
• Western Digital Corporation
• Seagate Technology Holdings Public
• NETGEAR
• Synology
• Buffalo Americas
• Pure Storage

Q6. Which network attached storage market segment will be the largest in future?

Answer: Lucintel forecast that on-premise will remain the largest segment over the forecast period as it provides its users with complete control over data accessibility while ensuring increased data security.

Q7. In network attached storage market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to the rising adoption of connected devices and growing number of micro, small, and medium enterprises (MSMES) in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the network attached storage market by storage solution (scale-up NAS and scale-out NAS), product (enterprise NAS solutions and midmarket NAS solutions), deployment type (on-premises, remote/cloud, and hybrid), end use industry (BFSI, telecommunications & ITeS, consumer goods & retail, healthcare, energy, government, education & research, media & entertainment, manufacturing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?