Network Attached Storage Market Share

North American Market Forecast

North America network attached storage market is expected to account for 35% of the revenue share by 2037. Various leading companies, like Buffalo AMERICAS Inc, Dell Technologies Inc., Western Digital Corporation, and others, are responsible for the market growth. The market is expanding as a result of rising private and public investment in wireless technologies in this region. According to a Survey, the American wireless sector spent close to USD 35 billion in 2021 on expanding, enhancing, and operating their networks. The investment set a new record and was the fourth year in a row that capital expenses rose. Thus, these factors are driving the segment’s growth. Additionally, a number of telecom companies intended to build 5G networks all over the nation. In order to store the enormous volume of data generated by linked devices using wireless technology, there was a necessity for better storage solutions.

APAC Market Statistics

The network attached storage market in Asia Pacific is anticipated to hold a share of 27% during the forecast period. The NAS market is expanding due to improved network infrastructure and a rise in the use of mobile and portable devices to access data, the region is predicted to have significant growth throughout the projection period. For instance, in China, the penetration rate of smartphones was about 72% as of 2022. By 2027, it is predicted that 83 percent of Chinese citizens would be smartphone users. In 2022, there will be more than one billion smartphone users worldwide. Escalating customer need for cost-efficient, quick, and easy to evaluate media file sharing. The sector is expected to increase positively during the next seven years as a result of the developing economies of nations like China and India.