With a compound annual growth rate (CAGR) of 11.5%, the global consumer network attached storage (NAS) market is expected to reach a value of over USD 15.02 billion by 2032 from an estimated USD 5.67 billion in 2023.
Consumer network-attached storage ensues the universal concepts of network-attached storage, where a computer repository server is linked to a computer framework and operates as a file server conveying files and data to varied segments of a network. In a consumer network attached storage blueprint, the farthest points of a network are distinctive gadgets or home gadgets such as personal computers, Blu-ray or DVD players, media players, or portions of home theatre systems.
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- The growing requirement for consolidated data storage has become a propelling force behind market growth. Since people and professions create and assemble extensive data aggregates, the demand for productive and obtainable repository solutions has escalated.
- The escalating reliance on data-focused applications, multimedia material, and the growing acquisition of smart devices additionally generate the requirement for strong and adaptable centralized solutions. Thus, there is a growing demand for network-attached storage systems.
Key Companies in the Consumer Network Attached Storage (NAS) market include:
The market is reasonably integrated with a handful of firms offering these devices. Some of the companies which are currently dominating the market are:
- ASUSTOR Inc.
- Buffalo America Inc.
- D-Link Corporation
- Drobo Inc
- Netgear Inc.
- QNAP Systems Inc.
- Seagate Technology
- StorCentric
- Synology Inc.
- Western Digital Corporation
- ZyXEL Communications Inc.
Geographical Analysis:
The regions covered in the report are Europe, North America, Asia Pacific, Middle East & Africa, and Latin America. Also, according to the study, in 2023, North America held the largest consumer network attached storage (NAS) market share due to the region being a nucleus for technology startups, promoting a spirited ecosystem that allures businesses, venture capital financing, and technological progressions. Moreover, the surging acquisition of cloud computing and scalability technologies in Asia Pacific regions has escalated the requirement for strong repository solutions that can reinforce these ambiances.
Segmentation Analysis:
Polaris Market Research has segmented the consumer network-attached storage (NAS) market based on various factors, including design, mount type, deployment, and end-user. This segmentation allows for a more detailed analysis of market trends and growth opportunities within different consumer groups and geographical areas. These factors help in understanding the diverse preferences and demands of consumers in the NAS market.
Consumer Network Attached Storage, Design Outlook (Revenue – USD Billion, 2019 – 2032)
- 1-Bay
- 2-Bays
- 4-Bays
- 5-Bays
- 6-Bays
- Above 6-Bays
Consumer Network Attached Storage, Mount Type Outlook (Revenue – USD Billion, 2019 – 2032)
- Rackmount
- Standalone
Consumer Network Attached Storage, Deployment Outlook (Revenue – USD Billion, 2019 – 2032)
- Cloud/Remote
- Hybrid
- On-premise
Consumer Network Attached Storage, End-user Outlook (Revenue – USD Billion, 2019 – 2032)
- Business
- Residential
The consumer network attached storage (NAS)Β market is poised for robust growth, driven by technological advancements, increasing data generation, and the need for efficient storage solutions. Stakeholders investing in NAS technology can expect substantial returns, provided they address existing challenges and align their offerings with evolving consumer needs.