Network Attached Storage (NAS) is a computer data storage server which provides data access to a group of clients. They act as networked appliances which contain one or more storage devices that are arranged in to redundant or logical storage container. The global network attached storage market is expected to grow with a CAGR of about 21% during the forecast period of 2016-2023. Increased social media usage and increasing adoption of 4G and 5G technologies globally are the factors that are fueling growth in the global network attached storage market during the forecast period. However, privacy and security of data is the factor which is restraining the growth of the global network attached storage market during the forecast period.
Geographically, North America accounted for the largest market share in terms of revenue for the network attached storage market in 2016. The region is expected to dominate the market during the forecast period. Increasing proliferation of social networking is fueling growth in the network attached storage market in North America. Furthermore, Asia Pacific is expected to be the fastest growing region for network attached storage market during the forecast period.

The growth in global network attached storage market is also influenced by the presence of major players such as DELL EMC (U.S.), NETAPP INC. (U.S.), HEWLETT PACKARD ENTERPRISE COMPANY (U.S.), HITACHI DATA SYSTEMS CORPORATION (U.S.), WESTERN DIGITAL CORPORATION (U.S.), SEAGATE TECHNOLOGY PUBLIC LIMITED COMPANY (U.S.) etc. Some strategies adopted by the major players to gain competitive advantage are product launch, mergers, partnerships etc.

The global network attached storage market is segmented into storage solutions, deployment and end user industry. Report further covers segments of storage solutions which include scale up and scale out. The scale out segment accounted for the largest market share in terms of revenue in 2016 and is expected to dominate the market during the forecast period. In scale out storage solution, the capacity of the device can be increased by adding clustered nodes to manage and store data. With the capacity, the overall performance of the device also increases. Deployment of network attached storage includes Hybrid, on premise and remote. Furthermore, the end users adopting network attached storage technology includes BFSI, Business and consulting, Consumer, goods and retail, Education and research, Energy, Government, Healthcare, Manufacturing, Media and entertainment, Telecommunication and IT and other end user industries. Healthcare sector accounted for the largest market share in terms of revenue in 2016 and is expected to dominate the market during the forecast period. To keep track of history and record of the patients, network attached storage devices are widely used by the healthcare industry.