The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing adoption of 5G technology is likely to stimulate innovation in network attached storage manufacturing, propelling the market during the forecast period.

The global network attached storage market is expected to grow from $28.95 billion in 2022 to $33.74 billion in 2023 at a compound annual growth rate (CAGR) of 16.51%. The global network attached storage market size is expected to reach $63.14 billion in 2027 at a CAGR of 16.97%.

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Global Network Attached Storage Market Segments Include:

• By Product Type: High-End Or Enterprise, Midmarket, Low-End
• By Storage Solution: Scale-Out, Scale-Up, Other Solutions
• By Deployment Model: On-Premise, Cloud, Hybrid
• By Application: Home Or Consumer, Business
• By End User: BFSI, Healthcare, Retail And E-Commerce, IT And Telecom, Automotive, Other End-Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global network attached storage market in 2021.

Major Market Players 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.

In the network-attached storage industry, product innovation is a prominent trend. To enhance their position in the network-attached storage industry, major players are focusing on developing innovative NAS systems. For example, in June 2022, StorCentric, a data-centric security company based in the United States, developed Nexsan EZ-NAS for large organisation and small and medium-sized business (SMB) edge deployments. The Nexsan EZ-NAS platform provides advanced enterprise-class capabilities such as in-line compression, AD support, and data-at-rest encryption. The Nexsan EZ-NAS product distinguishes itself from all other products in its field because to its convenience, functionality, and low cost.

The Network Attached Storage Global Market Report 2023  provides a network attached storage market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The network attached storage market forecast analyzes network attached storage market size, network attached storage market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A network-attached storage device is a file storage device that is connected to a network and allows authorised multiple network users to retrieve and store data in a central location. Business analytics, data recording, and accounting databases can all be supported by network-attached storage.

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