Network Attached Storage (NAS) Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (High End Or Enterprise, Midmarket, Low End Or Desktop), By End-User (BFSI, Consumer & Retail, Government & Public Sector, IT & Telecom, Others), And By Geography - Forecasts From 2022 To 2027

Network attached storage is a device that provides file storage that can be used by multiple users, client devices, and LAN (Local Area Network) users to access the shared and stored data using an ethernet connection. NAS devices are configured and managed with a browser-based utility and it resides on LAN and independent network nodes that are defined by different IP addresses. NAS is easy to access, has high capacity, and is cost-effective. The devices are compact and support cloud tasks, archiving, and backup. NAS is designed to handle unstructured data, for example, audio, video, websites, text files, and Microsoft documents. The devices are connected to a wireless router that is distributed across networks which provides easy access to desktop or mobile files. NAS devices are utilized by small businesses, home offices, and large enterprises. Network-attached storage devices are suitable for small and medium enterprises as they provide low-cost storage solution and acts as private cloud storage in small businesses. The flexibility to increase the storage of network-attached devices makes it possible for small enterprises to access, store and retrieve data at the same cost and reduces maintenance. Furthermore, network-attached storage devices are suitable for large enterprises as they are required to handle large volumes of data with utmost safety, accuracy, and speed. Some market leaders in the network-attached storage market are Dell, Hewlett-Packard, IBM, and others.

An increase in the demand for network-attached storage, and cybersecurity and an increase in technological developments are expected to boost the market for network-attached storage.

According to International Energy Agency (IEA), internet users rose to 4.9 billion in 2021 globally. Network-attached storage is critical for businesses to store, transfer and receive data with ease, security, and in a cost-effective manner. The increase in the usage of the internet as a result of technological development for instance cloud computing and storage, artificial intelligence and machine learning, and cybersecurity have contributed to the demand for network-attached storage market as scalable devices are required by most large enterprises to boost productivity, minimize IT costs and provide more storage when needed. In recent times, scalable devices are designed to link multiple networks to attached storage devices to scale-out clusters and achieve high storage capacity. Dell EMC, Microsoft, VMware, NetApp, and others are using network files systems (NFS) that support critical workloads for example databases, virtual desktop infrastructure, and other applications. Recent developments in the form of cloud and portable devices are increasingly used by people and businesses.

Network attached storage is being utilized by colleges or universities as their backup. Colleges utilized storage devices to store students’ data related to class data, project files, and examination documents. Moreover, media and communication industries utilized network-attached devices to share and receive multimedia files for instance videos, audio, and text documents.

As per CISA, 1 in 3 homes with computers are infected with malicious software. Therefore, New security developments in network-attached storage devices are entering the market to eliminate data leaks. For example, immutable storage devices that cannot be edited, altered, or deleted are used in network-attached storage meant for high security and blocks data breach. Edge are NAS designed for edge data centers and small-medium businesses that provide active directory support, data-at-rest encryption, data sharing, and advanced data protection and security.

However, password security issues, leakage of data from other network devices, malware software injections, and virus attacks are factors that can hinder the growth of network attached storage market.

Key Development

• Nasuni acquired Storage Made Easy, a file data management company that provides remote work and compliance solutions for file storage, in June 2020. The acquisition strengthened file data services, modernized file data structures and enabled work from anywhere facilities to clients.
• StorCentric a data-centric security company launched Nexsan EZ-NAS, network storage attached storage in June 2022. The model comes with an easy-to-configure 1U form factor, four drives with a memory capacity of up to 72 TB, and 1.5 GB of throughput. It is suitable for small and medium businesses and large businesses' edge deployments.

During the forecast period, North America is expected to gain a high portion of the network-attached storage market.

North America captures a large market share in the network-attached storage market due to increasing demand from data centers, small and medium enterprises, and large enterprises for storing large volumes of data that require scaling out facilities. Additionally, the increase in demand is due to cybersecurity concerns. According to CISA, 65% of Americans received scam emails and text messages on their computers and smartphones attributed to the unethical installation of malware software. Furthermore, internet usage is increasing the requirement to store, share and receive huge amounts of data with precision and accuracy. Moreover, technological developments and newly updated products are contributing to the growth of network attached storage market.

COVID-19 Insights

COVID-19 had a significant impact on the network attached storage market. NAS devices were in great demand by office professionals, college or university students, and small and medium businesses, as a result of the work-from-home culture. IT magnates shifted their demand to more consolidated cloud services offered by network-attached storage devices. Businesses utilized network-attached storage for quick access to the files, receiving, and sharing of large multimedia files. A significant demand was witnessed from colleges and media and communication industries. Moreover, digital transformation technologies for example cloud, internet of things, blockchain, artificial intelligence, and machine learning witnessed increasing applications in the network-attached storage market.

Network Attached Storage (NAS) Market Scope:

Market Segments

• By Type
  • High end or enterprise
  • Midmarket
  • Low end or desktop
• By End-User
  • BFSI
  • Consumer & Retail
  • Government & Public Sector
  • IT & Telecom
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Others
  • The Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Taiwan
    • Others