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Network Attached Storage Market: Future Growth, Finding New Market Opportunities, Market Share and Global Analysis by 2029
Network Attached Storage Market Size
What Is The Projected Market Size Of The Global Network Attached Storage Market And Its Growth Rate?
The global network attached storage market has demonstrated swift expansion in recent years:
- The market grew from $38.92 billion in 2024 to $45.08 billion in 2025, indicating a robust CAGR of 15.8%.
- The upward trajectory is set to continue, with the market projected to reach $91.52 billion in 2029, maintaining a CAGR of 19.4%.
- Driving factors include business continuity planning, cloud integration, hybrid solutions, security needs, and demand from the media and entertainment industry.
- Anticipated trends include disaster recovery, backup solutions, SME and home usage, and AI and analytics workloads integration.
What Is Driving The Growth In The Network Attached Storage Market?
The rising adoption of 5G technology is significantly boosting the growth of the network-attached storage market. As 5G improves the speed and responsiveness of wireless networks, it leads to a surge in data generation. To handle and store this data, demand for network-attached storage has heightened. For instance, a report by Global Wireless Solutions reveals the customer base for 5G networks in the US jumped from 43% in 2021 to 61% in 2022-an impressive growth when compared to the previous year's increase from 2020 to 2021. Hence, this escalating data generation is propelling the expansion of the network-attached storage market.
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Who Are the Key Players Driving Network Attached Storage Market Growth?
The important players shaping 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.
What Are The Key Trends In The Network Attached Storage Market?
Noticeable market trends include:
- Disaster recovery and backup solutions
- Increased usage by SMEs and at homes
- Rising demand from the media and entertainment industry
- Integration with AI and analytics workloads
- Edge computing integration
What Are The Segments Of The Global Network Attached Storage Market?
The network attached storage market is segmented as follows:
- Product Type: High-End Or Enterprise, Mid market, Low-End
- Storage Solution: Scale-Out, Scale-Up, Other Solutions
- Deployment Model: On-Premise, Cloud, Hybrid
- Application: Home Or Consumer, Business
- End User: BFSI, Healthcare, Retail And E-Commerce, IT And Telecom, Automotive, Other End-Users
Which Region Leads The Network Attached Storage Market?
North America dominated the network attached storage market in 2024. Other regions analyzed in the report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Network Attached Storage Market Global Market Report?
- Market Size Analysis: Analyze the Network Attached Storage Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Network Attached Storage Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Network Attached Storage Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Network Attached Storage Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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