Network Attached Storage Market

Network Attached Storage Market Size by Type (Enterprise NAS Solutions and Midmarket NAS Solutions), Storage (Scale Up and Scale Out), Deployment Type (On-Premises, Cloud and Hybrid), End-use (Healthcare, Media and Entertainment, IT and Telecommunication, BFSI, Automotive, Consumer Goods and Retail, Government and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-14028
  • Published Date: Jan, 2024
  • Pages: 238
  • Category: Information Technology & Semiconductors
  • Format: PDF
Buy @ $4700.00 Request Sample PDF

The global network attached storage market was valued at USD 22.09 Billion in 2023 and grew at a CAGR of 25.99% from 2024 to 2033. The market is expected to reach USD 138.03 Billion by 2033. The growth of the network-attached storage market can be attributed to the rising generation of unstructured data. Further, the increasing investment in network infrastructure efficiency has played a pivotal role in the market growth.

Market Introduction:

Network-attached storage is a type of dedicated file storage that makes data retrieval from centralized disc capacity possible for heterogeneous client devices and many users. Users connected to a local area network can access the shared storage using a regular Ethernet connection. NAS devices are usually handled and set up using a browser-based application without a keyboard or display. With a distinct IP address, every NAS is a separate network node on the LAN. NAS is distinguished by its large capacity, affordability, and ease of use. The devices offer a cloud tier, operations like archiving and backup, and centralized storage. The two primary categories of networked storage are storage area networks and network-attached storage. Unstructured data, including audio and video files, text files, and websites, is handled by NAS.

Network Attached Storage Market Size

Get an overview of this study by requesting a free sample

Market Dynamics:


Increasing demand for data storage: Over the last few years, there has been a significant increase in the global data centre sector. The data centre market is anticipated to expand over the next several years as more businesses embrace cloud computing and hybrid or multi-cloud strategies. Global data platforms are becoming increasingly important, and they are playing a crucial role in supporting flexible AI applications that can handle the enormous amounts of data required. Exponential data growth has created a huge need for enterprise data storage, with major players in the data storage industry eyeing increased adoption of next-generation storage solutions. Given the exponential increase in data, it is clear that the introduction of AI has fundamentally altered the technological landscape. Industry leaders are expected to release more solutions in the coming months to improve the management of information flow throughout the supply chain as the demand for sophisticated storage solutions continues to rise.


Issues in scaling: Organizations must add discs to NAS systems or file servers to expand NAS, which can complicate NAS management and add to expenses. Although NAS might be a viable choice for small-to-medium-sized groups of users to exchange files, scaling to larger volumes can take time and effort. NAS is not the ideal option for high-speed environments requiring high I/O and minimal storage latency.


Increasing investment in 5G technology: Technical advancement is becoming increasingly popular. The fifth generation of mobile network technology is expected to reach one billion customers by the end of 2023 and double that number by 2024. 5G technology is still being used in various industries and can potentially enable previously unimaginable new applications. The desire to invest in technology is growing as a result of the widespread use of this technical advancement in mobile networks, and there are numerous businesses that, as an investor, can become engaged with.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the most significant Network Attached Storage market, with a 35.04% market revenue share in 2023.

North America region will account for the largest market share with revenue growth. The region has a high demand for network-attached storage across different industries, especially in the media, entertainment, automotive, IT and telecommunication industries. Further, many SMEs are investing in network-attached storage as it provides a hub for the ecosystem. Investment in the advancement of network-attached storage in countries like the U.S. and Canada by venture capital investment, entrepreneurs and service providers is leading to the adoption of the technology.

North America region Network Attached Storage Market Share in 2023 - 35.04%

Check the geographical analysis of this market by requesting a free sample

Type Segment Analysis

The type segment is divided into enterprise NAS solutions and midmarket NAS solutions. The midmarket NAS solutions segment dominated the market, with a share of around 59.29% in 2023. Businesses with hundreds of client systems that need to store several hundred terabytes of data can be accommodated by the NAS midmarket. Due to their sophisticated CPUs, these NAS servers are appropriate for hosting applications that provide email systems, data logging, accounting databases, payroll, and video editing.

Storage Segment Analysis

The storage segment is divided into scale-up and scale-out. The scale-out segment dominated the market, with a share of around 66.02% in 2023. The exponential growth of structured and unstructured data and the performance demands of today's applications are addressed by scale-out network-attached storage. A scale-out storage design uses policy-based administration for increased efficiency and agility, allows nondisruptive operations, and capitalizes on clustered components' greater performance and cost.

Deployment Type Segment Analysis

The deployment type segment is divided into on-premises, cloud and hybrid. The cloud segment dominated the market, with a share of around 56.72% in 2023. Remote storage that can be accessed online as though it were local is known as cloud NAS or network-attached storage. A third-party service provider usually hosts the storage, charging the user a fee determined by bandwidth and capacity.

End-use Segment Analysis

The end-use segment is divided into media and entertainment, IT and telecommunication, BFSI, automotive, consumer goods and retail, government and others. The IT and telecommunication segment dominated the market, with a share of around 31.21% in 2023. NAS is a functional layer in telecommunications that sits between the Core Network and the user equipment. It facilitates signalling and traffic messaging between the UE and CN.

Some of the Key Market Players:
  • Synology Inc.
  • Seagate Technology PLC
  • NetApp, Inc.
  • IBM Corporation
  • Dell Technologies
  • Hitachi Ltd.
  • Western Digital Corporation
  • Netgear Inc.
  • Hewlett Packard Enterprise Development LP
  • Buffalo Technology

Report Description: 

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2023 USD 22.09 Billion
Market size value in 2033 USD 138.03 Billion
CAGR (2024 to 2033) 25.99%
Historical data 2020-2022
Base Year 2023
Forecast 2024-2033
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Type, Storage, Deployment Type and End-use

Frequesntly Asked Questions

As per The Brainy Insights, the size of the network attached storage market was valued 22.09 Billion in 2023 to USD 138.03 Billion by 2033.

Global network attached storage market is growing at a CAGR of 20.11% during the forecast period 2024-2033.

North America region emerged as the largest market for the network attached storage.

The market's growth will be influenced by the growing usage of network attached storage across industries.

The issues in latency can hamper the market growth.

The increasing investments in 5G industry are providing huge opportunities to the market.

Key players are Synology Inc., Seagate Technology PLC, NetApp, Inc., IBM Corporation, Dell Technologies, Hitachi Ltd., Western Digital Corporation, Netgear Inc., Hewlett Packard Enterprise Development LP, Buffalo Technology among others.

Request Table of Content


This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global network attached storage market based on below mentioned segments:

Global Network Attached Storage Market by Type:

  • Enterprise NAS Solutions
  • Midmarket NAS Solutions

Global Network Attached Storage Market by Storage:

  • Scale Up
  • Scale Out

Global Network Attached Storage Market by Deployment Type:

  • On-Premises
  • Cloud
  • Hybrid

Global Network Attached Storage Market by End-use:

  • Healthcare
  • Media and Entertainment
  • IT and Telecommunication
  • BFSI
  • Automotive
  • Consumer Goods and Retail
  • Government
  • Others

Global Network Attached Storage Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa


Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:


Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

Some Facts About The Brainy Insights


Free Customization


Fortune 500 Clients


Free Yearly Update On Purchase Of Multi/Corporate License


Companies Served Till Date