NAS Market Valued at $25 Billion in 2021

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The Network-Attached Storage (NAS) Market in 2022

The NAS market was valued at $25.08 billion in 2021. Forecast to maintain a CAGR of 20.3% over the period from 2021 to 2028, it’s estimated to reach $91.23 billion by the end of it.

Several regions are driving growth in the NAS market:
• The North American market is the largest, with the US holding 30% of the market
• The AsiaPac market is the fastest-growing region
• The European NAS market is forecast for a CAGR of 15.8% over the period from 2020 to 2026
• India is projected for a CAGR of 18.6% during the period from 2020 to 2026
• South Korea is expected to maintain a CAGR of 19.1% over the period from 2020 to 2026

By industry vertical, over 50% of the NAS market is occupied by the banking, financial services, and insurance (BFSI), IT and telecommunications, and retail.