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Network Attached Storage (NAS) Market Share

Report ID: GMI2570
Published Date: Nov 2024
Report Format: PDF

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Network Attached Storage Market Share

Network Attached Storage Market Company Share, 2024

Dell, Hewlett Packard Enterprise Company (HPE), and Huawei Technologies collectively held a substantial market share of over 25% in the network attached storage industry in 2024. Dell provides high-performance, scalable NAS solutions that integrate seamlessly with multi-cloud environments, supporting hybrid workflows. With products like Dell PowerScale, Dell focuses on intelligent data management, ease of use, and advanced analytics. They target industries that require scalable storage, robust data protection, and seamless cloud integration.

HPE offers adaptive NAS solutions through its HPE Alletra and Nimble Storage products, emphasizing high availability and AI-driven data insights. HPE enhances performance with automated storage provisioning and AI-powered management, delivering flexible and cost-effective solutions for data-intensive applications, particularly in hybrid cloud setups.

Huawei leverages AI-enhanced NAS solutions to provide high-capacity, energy-efficient storage with its OceanStor series. Their strategy focuses on scalable, cloud-integrated solutions to meet enterprise data growth and real-time analytics needs. Huawei targets sectors such as finance and telecom, prioritizing cost efficiency, security, and seamless cross-cloud data migration.

Network Attached Storage Market Companies

Major players operating in the network attached storage industry are:

Dell
Hewlett Packard Enterprise Company (HPE)
Hitachi
Huawei Technologies
iXsystems
Netapp
Pure Storage
QNAP
Synology
Western Digital Corporation

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The global market size for network attached storage was valued at USD 34.5 billion in 2024 and is projected to reach USD 136.4 billion by 2034, driven by a CAGR of 17.1% from 2025 to 2034.

The on-premise deployment model accounted for over 55% of the market share in 2024 and is expected to exceed USD 75 billion by 2034, due to its advantages in control, security, and performance.

North America market accounted for over 35% of the market share in 2024 and is expected to exceed USD 50 billion by 2034, driven by the increasing demand for data storage due to digital transformation in various industries.

Major players in the industry include Dell, Hewlett Packard Enterprise Company (HPE), Hitachi, Huawei Technologies, iXsystems, Netapp, Pure Storage, QNAP, Synology, and Western Digital Corporation.