Network Attached Storage Market Size, Share & Growth 2024

 The network attached storage market size was valued at USD 29.72 billion in 2022 and is projected to grow from USD 34.62 billion in 2023 to USD 100.83 billion by 2030, exhibiting a CAGR of 16.5% during 2023-2030. North America dominated the global market with a share of 42.73% in 2022.

The latest global network attached storage forecast report provides a comprehensive outlook on the global market, offering invaluable insights into emerging trends in 2024, market dynamics, and growth opportunities on a global scale. This meticulously researched report delves into the intricate details of various sectors, providing stakeholders with a roadmap to navigate the ever-evolving landscape of the global economy.

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List of Top Companies in Network Attached Storage Market:

• Dell Technologies Inc. (U.S.)
• Western Digital Corporation (U.S.)
• Synology, Inc.  (Taiwan)
• QNAP Systems, Inc. (Taiwan)
• NetApp, Inc. (U.S.)
• Hewlett Packard Enterprise Company (HPE) (U.S.)
• Hitachi, Ltd.  (Japan)
• Seagate Technology Public Limited Company (PLC) (U.S.)
• NETGEAR, Inc. (U.S.)
• Buffalo Americas, Inc. (U.S.)

Fortune Business Insights' comprehensive business report delves deep into these trends, offering valuable data and industry statistics. By leveraging this knowledge, businesses can develop informed strategies. Whether it's partnering with established players, targeting specific niches, or investing in innovative technologies, the key lies in aligning strategies with the evolving market dynamics.

Factors Driving Growth in the Network Attached Storage Market Size:

Several telecommunication service providers such as T-Mobile US, Inc., Nokia Corporation, AT&T, Telefonaktiebolaget LM Ericsson, and Telefonica S.A. have invested in the 5G services deployments. Increasing investment in 5G and the surge in the sale of millions of devices drive the demand for market growth and the development of smart cities, factories, and smart agriculture. Also, there is a rising demand for several smart applications such as smart city projects and smart homes to be connected to the cloud that generates a massive amount of data. The increasing sale of connected smart devices around the globe with the surge in internet penetration has propelled the market growth. For instance, According to the IDC report, in 2020, the connected devices sale reached around 41 billion devices and is projected to reach approximately 75 billion devices by 2025. Such an increase in the sale of connected devices could generate about 79.4 zettabytes of data by 2025. Such an increase in massive data creates an enormous opportunity for market growth.

Regional Analysis:

The Regional Analysis section of the report provides a nuanced understanding of how geographical factors impact market dynamics and industry growth in 2024. By dissecting data on a regional level, stakeholders gain valuable insights into the unique challenges and opportunities specific to different areas. This in-depth examination of the network attached storage industry size allows businesses to tailor strategies that are not only globally informed but also regionally relevant, ensuring a more targeted and effective approach.

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Leading regions by market share:

North America (the USA and Canada)

Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

Latin America (Brazil, Mexico and the Rest of Latin America)

How big is the Network Attached Storage Market ?

The network attached storage market size was valued at USD 29.72 billion in 2022 and is projected to grow from USD 34.62 billion in 2023 to USD 100.83 billion by 2030, exhibiting a CAGR of 16.5% during 2023-2030. North America dominated the global market with a share of 42.73% in 2022.

Market Segmentation:

The Market Segmentation section provides a detailed analysis of industry size detailing how the market is categorized based on various factors, enabling a more nuanced understanding of customer needs and preferences. This strategic approach helps businesses tailor their products, services, and marketing strategies to specific segments, optimizing overall market performance.

By offering a granular analysis of market segmentation, this report equips stakeholders with the tools needed to make informed decisions, enhance customer satisfaction, and stay ahead of evolving market dynamics.

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