PUBLISHER: Roots Analysis | PRODUCT CODE: 1883084
PUBLISHER: Roots Analysis | PRODUCT CODE: 1883084
As per Roots Analysis, the global network attached storage market size is estimated to grow from USD 31 billion in the current year USD 100 billion by 2035, at a CAGR of 16.18% during the forecast period, till 2035.

The opportunity for network attached storage market has been distributed across the following segments:
Design
Product Category
Storage Solution
Mode of Deployment
End-User
Geography
Network Attached Storage Market: Growth and Trends
Network attached storage (NAS) systems serve as centralized resources that allow numerous users and various devices to retrieve data stored on disks via a shared network. Users on a local area network (LAN) can connect to this storage using a standard ethernet connection. Typically, NAS devices are set up and managed through a web browser. These systems are designed to facilitate easy access to shared storage for LAN users, and they also offer expandable storage capabilities, enabling organizations to gather substantial amounts of data in one central location. When compared to traditional storage systems, NAS solutions are more economical, making them an appealing choice for numerous organizations.
Additionally, besides providing local data storage, many network attached storage devices can connect to cloud servers to support more users and regular data backups. This allows users to enjoy worry-free data storage with diverse data sharing options. Depending on the type of organization, network attached storage systems can be classified into three main categories: enterprise NAS, midmarket NAS, and low-end or desktop NAS. Enterprise NAS systems come with multiple bays to support a high volume of data storage and easier access on a larger scale.
Before network attached storage devices were introduced, organizations had to consistently manage multiple servers for data consolidation; however, contemporary NAS systems come with multiple disks, allowing the user to store extensive amounts of data with the convenience of remote access, all while minimizing latency. As a result, owing to the abovementioned factors, the network attached storages market is expected to grow significantly during the forecast period.
Network Attached Storage Market: Key Segments
Based on design, the global network attached storage market is segmented into a 1 to 8 bays, 8 to 12 bays, 12 to 20 bays and more than 20 bays. According to our estimates, currently, the 1 to 8 bays segment captures the majority of the market share. This is due to the widespread use of single bay NAS systems for personal or small-scale applications, such as backing up gaming files and monitoring home surveillance cameras.
Based on product category, the global network attached storage market is segmented into enterprise NAS solutions, midmarket NAS solutions and desktop NAS solutions. According to our estimates, currently, midmarket NAS systems captures the majority of the market share. Nevertheless, due to the rising demand for accessible data storage solutions in small businesses, the desktop NAS solutions market is projected to experience a higher CAGR during the forecast period.
Based on storage solution, the global network attached storage market is segmented into scale-up NAS and scale-out NAS. According to our estimates, currently, the scale-out NAS devices captures the majority of the market share. This is due to the fact that scale-out systems offer users the capability to add redundant arrays of independent disks (RAID) to expand storage capacity while maintaining speed.
Based on mode of deployment, the global network attached storage market is segmented into on-premise deployment, cloud-based deployment and hybrid deployment. According to our estimates, currently, the on-premise segment captures the majority of the market share. Nevertheless, spurred by the rising need for contact-free installation of storage options following the COVID-19 pandemic, the cloud-based NAS solutions are anticipated to experience a higher compound annual growth rate during the forecast period.
Based on end-user, the global network attached storage market is segmented into banking, financial services and insurance (BFSI), consumer goods and retail, telecommunication, healthcare, government, and others. According to our estimates, currently, the telecommunication industry captures the majority of the market share. Nevertheless, fueled by the growing use of single NAS systems for personal or small-scale applications, the consumer goods and retail segment is projected to experience a higher CAGR throughout the forecast period.
Based on geographical regions, the network attached storage market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently North America captures the majority share of the market. Additionally, it is important to note that the network attached storage market in the Asia-Pacific region is projected to expand at a comparatively higher CAGR during the forecast period.
Network Attached Storage Market: Research Coverage
The report on the network attached storage market features insights on various sections, including:
Key Questions Answered in this Report
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