Network Attached Storage Market Size

  • Report ID: 5296
  • Published Date: Oct 09, 2023
  • Report Format: PDF, PPT

Network Attached Storage Market Size

Network Attached Storage Market size is anticipated to surpass USD 127 Billion by the end of 2036, expanding around 12% CAGR during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of network-attached storage was over USD 26 Billion. The rising demand for smartphones is one of the primary reasons responsible to the market growth. Huge amounts of data have been generated by the rising use of smartphones, tablets, and laptops. The smartphone usage is anticipated to reach around 7.7 billion people by 2027. This factor is escalating the market growth rapidly.

Furthermore, due to the rising demand for data backup and redundancy, the implementation of cloud storage is the main factor driving the use of network-linked solutions. Higher data manageability and scalability for managing and storing the data are made possible by network-attached systems.

Network Attached Storage Market
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Author Credits:  Abhishek Verma

  • Report ID: 5296
  • Published Date: Oct 09, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing employment of hybrid cloud storage, and increasing implementation of next-generation wireless network, are some of the factors driving the market growth.

The market size of network attached storage is anticipated to attain a CAGR of 12% over the forecast period, i.e., 2024-2036.

The major players in the market are Buffalo Americas Inc, Dell Technologies Inc, Western Digital Corporation, NetApp, Inc., Sinology Inc, Hitachi, Ltd, Panasonic Corporation, Sony Group Corporation, Fujitsu Limited, NEC Corporation and others.

The midmarket segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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