PUBLISHER: The Business Research Company | PRODUCT CODE: 1843534
PUBLISHER: The Business Research Company | PRODUCT CODE: 1843534
Network-attached storage (NAS) denotes a file storage device linked to a network, facilitating the retrieval and storage of data for multiple authorized network users in a centralized location. NAS supports various applications, including business analytics, data logging, and accounting databases.
The primary categories of NAS products include high-end or enterprise, midmarket, and low-end NAS. High-end or enterprise NAS solutions constitute expansive computer data storage systems integrated into a network, utilizing specific data transmission protocols. These solutions are employed to furnish data to large organizations. NAS storage primarily encompasses scale-out, scale-up, and other solutions, deployed on-premise, in the cloud, or through a hybrid approach. NAS finds utility in both home or consumer settings and businesses, serving diverse sectors such as BFSI, healthcare, retail, e-commerce, IT and telecom, automotive, and other end-users.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp rise in U.S. tariffs and the ensuing trade tensions in spring 2025 are having a significant impact on the information technology sector, especially in hardware manufacturing, data infrastructure, and software deployment. Increased duties on imported semiconductors, circuit boards, and networking equipment have driven up production and operating costs for tech companies, cloud service providers, and data centers. Firms that depend on globally sourced components for laptops, servers, and consumer electronics are grappling with extended lead times and mounting pricing pressures. At the same time, tariffs on specialized software and retaliatory actions by key international markets have disrupted global IT supply chains and dampened foreign demand for U.S.-made technologies. In response, the sector is ramping up investments in domestic chip production, broadening its supplier network, and leveraging AI-powered automation to improve resilience and manage costs more effectively.
The network attached storage market research report is one of a series of new reports from The Business Research Company that provides network attached storage market statistics, including network attached storage industry global market size, regional shares, competitors with a network attached storage market share, detailed network attached storage market segments, market trends and opportunities, and any further data you may need to thrive in the network attached storage industry. This network attached storage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The network attached storage market size has grown rapidly in recent years. It will grow from $38.92 billion in 2024 to $44.73 billion in 2025 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to business continuity planning, cloud integration and hybrid solutions, expansion of home and personal use, security and compliance needs, media and entertainment industry demand.
The network attached storage market size is expected to see rapid growth in the next few years. It will grow to $89.6 billion in 2029 at a compound annual growth rate (CAGR) of 19.0%. The growth in the forecast period can be attributed to data proliferation and big data, remote work and collaboration, security and data protection, rise in media and entertainment consumption, small and medium enterprises (SMEs) adoption. Major trends in the forecast period include disaster recovery and backup solutions, SME and home usage, media and entertainment industry demands, AI and analytics workloads, edge computing integration.
The forecast of 19.0% growth over the next five years reflects a modest reduction of 0.4% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. Tariff impacts on storage controllers, RAID cards, and HDD/SSD drives largely sourced from Asia may raise costs for U.S. NAS deployments. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The anticipated widespread adoption of 5G technology is poised to drive the growth of the network-attached storage market. 5G, the latest iteration of cellular technology, aims to significantly enhance the speed and responsiveness of wireless networks. The increasing implementation of 5G technology has resulted in substantial data generation, and the subsequent handling and storage of this data by network-attached storage systems have led to an increased demand. For example, in 2022, Global Wireless Solutions reported a noteworthy shift, with the percentage of users accessing 5G networks in the United States increasing from 43% in 2021 to 61% in 2022. This indicates a substantial 42% rise in 5G network users in 2022 compared to the previous year's single-digit increase of 7% from 2020 to 2021. Consequently, the surge in data generation is a key driver propelling the network-attached storage market.
The rise in the adoption of work-from-home (WFH) practices is expected to contribute to the growth of the network-attached storage market. WFH refers to a work arrangement where employees perform their job duties remotely, often from their homes. Remote work necessitates access to shared files and collaborative tools, for which network-attached storage (NAS) serves as a centralized and easily accessible storage solution. This facilitates efficient collaboration and data sharing among remote team members. As of June 2023, Forbes reported that 12.7% of full-time employees work from home, and 28.2% follow a hybrid model. The projection is that by 2025, 32.6 million Americans will be working remotely. Hence, the increasing demand for WFH mechanisms is a significant factor driving the growth of the network-attached storage market.
Product innovation stands out as a noteworthy trend in the network-attached storage market. Leading companies in the market are actively engaged in developing new NAS solutions to enhance their market positions. An example is StorCentric, a US-based data-centric security company, which launched Nexsan EZ-NAS in June 2022. This platform, designed for edge deployments of large organizations and small to medium-sized businesses (SMBs), offers advanced enterprise-class capabilities, including in-line compression, AD support, and data-at-rest encryption. The Nexsan EZ-NAS product distinguishes itself in terms of usability, functionality, and cost compared to other products in its category.
Major companies in the network-attached storage market are focusing on the development of powerful components, such as dual-port expansion cards, to fortify their market presence. A dual-port expansion card is a hardware component added to a computer system to provide additional functionality or connectivity. For instance, QNAP Systems, Inc., a Taiwan-based company specializing in NAS solutions, launched the QXG-100G2SF-CX6 in August 2022. This powerful dual-port 100GbE PCIe 4.0 expansion card, equipped with an NVIDIA Mellanox ConnectX-6 Dx controller, is designed for installation in QNAP all-flash NAS or Windows/Linux workstations and servers. It offers an impressive total throughput of up to 200 GB/s, addressing performance bottlenecks with low latency, making it suitable for bandwidth-intensive tasks in data centers, virtualization, multimedia streaming, and critical backup and restore operations.
In June 2022, Nasuni Corporation, a US-based file data services provider, acquired Storage Made Easy, a UK-based data management company, for an undisclosed amount. This strategic acquisition positions Nasuni Corporation to integrate remote work and compliance capabilities into the Nasuni platform, offering businesses additional incentives to update their file data infrastructures while reducing capital and operating expenses.
Major companies operating in the network attached storage market include Dell Technologies Inc., Western Digital Corporation, Synology Inc., QNAP Systems Inc., NetApp Inc., Hewlett Packard Enterprise Company, Hitachi Ltd., Seagate Technology Holdings Public Limited Company, NETGEAR Inc., Buffalo Americas Inc., ASUSTeK Computer Inc., International Business Machines Corporation (IBM), Huawei Technologies Co. Ltd., Drobo Inc., Zyxel Communications Corporation, D-Link Corporation, Nasuni Corporation, SoftNAS Inc., Panasas Inc., Infortrend Technology Inc., Thecus Technology Corp., Promise Technology Inc., LenovoEMC, Open-E Inc., Syneto S.R.L., Overland Storage Inc., Nexsan Corporation., Super Micro Computer Inc., Oracle Corporation, NEC Corporation, Fujitsu Limited
North America was the largest region in the network attached storage market in 2024. The regions covered in the network attached storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the network attached storage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The network attached storage market consists of sales of file storage, block storage, and object storage. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Network Attached Storage Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on network attached storage market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for network attached storage ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The network attached storage market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.