Network Attached Storage Market to Grow at a CAGR of 16.6% During the Forecast Period; Evolution of AI-driven NAS to Support Enterprise and Cloud-Based Workloads Trends to Propel Market Expansion

The global network attached storage market size was esteemed at USD 40.33 billion in 2024. The market is predicted to grow from USD 46.97 billion in 2025 to USD 137.21 billion by 2032, exhibiting a CAGR of 16.6% during the forecast period.

Fortune Business Insights™ presents this information in its report titled, “Network Attached Storage Market Size, Share & Industry Analysis, By Enterprise Type (SoHo: <10 FTEs, Mid-Size: <1,000 FTEs, and Large Enterprise: >1,000 FTEs), By Storage Solution (Scale-up NAS and Scale-out NAS), By Industry (BFSI, IT & Telecommunications, Consumer Goods & Retail, Healthcare, Energy & Utilities, Government, Media & Entertainment, Education, and Others), and Regional Forecast, 2025 – 2032”. 

The network attached storage (NAS) market highly concentrates on producing, developing, and installing NAS solutions and enabling file-level and centralized data storage accessibility over a network. These devices allow efficient and seamless data transfer, backup, and storage management across different systems and users. It is critical for individual users, larger enterprises, as well as small and medium-sized enterprises. The growing demand for cost-effective and scalable storage solutions, data backups, recovery for disasters, and the growing adoption of cloud-based network attached storage solutions have led to rapid market growth.

Generative AI Deployment Facilitates Data Management Efficiently

Generative AI is anticipated to drive automation within the market. Ongoing developments could include automated data tiering, predictive analytics for planning capacity, and intelligent caching solutions. Additionally, these advancements could aid organizations in managing the data more efficiently and focusing on strategic initiatives instead of routine maintenance tasks.

Introduction of AI Data Cycle Storage Framework by Western Digital Corporation to Meet Consumer Demands

In June 2024, Western Digital Corporation introduced a novel AI Data Cycle Storage Framework. Through this product unveiling, the company is set to assist customers in planning and creating innovative storage infrastructures to enhance efficacy and boost their AI investment.

Rise in Product Introductions and Investments in Network Technologies to Augment Market Growth

Companies are growing, integrating innovative internet solutions with higher data transfer speed and storage, thus contributing to the overall network attached storage market growth. With growing globalization and the volume of electronic data generation, firms are highly investing and launching new solutions to increase security and data storage. Additionally, the ongoing deployment of 5G solutions and a recovery in data usage are also predicted to fuel the market growth.

Conversely, issues related to data breaches and thefts, and increased traffic over LAN are hampering the demand for network attached storage solutions.

Top Players Emphasize Investments and Strategic Alliances to Strengthen Their Market Presence

The global market consists of numerous players continuously upgrading their present offerings and developing innovative network attached storage solutions to meet the changing consumer demands. Top network attached storage providers are also focusing on advancing their product portfolio, innovations, and technological integrations to deliver an effective user experience expertise in the market and sustain the competition.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/network-attached-storage-market-100505

Notable Industry Development:

• April 2023: NavFile collaborated with OwnCloud and Asustor to develop Asustor NAS by utilizing OwnCloud’s products and professional services in the market.

List of the Companies Profiled in the Report:

• Dell Technologies Inc. (U.S.)
• IBM Corporation (U.S.)
• Hitachi Vantara LLC (Hitachi Ltd.) (Japan)
• Western Digital Corporation (U.S.)
• Seagate Technology Holdings plc (Ireland)
• QNAP Systems, Inc. (Taiwan)
• NetApp, Inc. (U.S.)
• NetGear, Inc. (U.S.)
• Synology Inc. (Taiwan)
• Buffalo Americas, Inc. (U.S.)
• Nasuni (U.S.)
• ASUSTOR Inc. (Taiwan)
• Acronis International GmbH (Switzerland)
• Qumulo (U.S.)
• TerraMaster Technology Co., Ltd. (China)
• iXsystems, Inc. (U.S.)
• Cloudian (U.S.)
• LaCie (France)
• Ciphertex (U.S.)
• Pure Storage, Inc. (U.S.)

..and more

Further Report Findings

• North America held the highest network attached storage market share, owing to the growing digital transformation rates, crucial investments in storage solutions, and higher cloud adoption.
• Asia Pacific accounts for the second-largest market share due to growing industrialization, expansion of data centers, and increasing cloud adoption across different emerging economies such as Japan, India, and China.
• Significant market expansion in Europe is propelled by a growing adoption of NAS solutions in different industries, including BFSI, discrete manufacturing, healthcare and transportation.
• In terms of industry, the IT & telecommunications segment led the market in 2024 due to a rise in cloud adoption, data traffic, and demand for seamless data management solutions across the globe.

Table of Segmentation