Global Consumer Network Attached Storage (NAS) Market Share, Size, Trends, Industry Analysis Report: Information By Design, By Mount Type, By Deployment, By End-user And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast, 2024 - 2032
- Published Date:Feb-2024
- Pages: 116
- Format: PDF
- Report ID: PM1090
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
Global consumer network attached storage (NAS) Market Size was valued at USD 5.67 Billion in 2023. The consumer network attached storage industry is projected to grow from USD 6.30 Billion in 2024 to USD 15.02 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.5% during the forecast period (2024 - 2032). The consumer network attached storage (NAS) market is experiencing robust growth as it allows users to access and share files, documents, multimedia, and other data from various devices such as computers, smartphones, and tablets, making it easier to store and share data across different devices. NAS devices typically consist of one or more hard drives arranged in configurations like RAID (Redundant Array of Independent Disks) for performance improvement, thus boosting consumer network attached storage (NAS) market growth. Additionally, the integration of NAS with cloud services has gained prominence, enabling businesses to leverage the benefits of both on-premises and cloud storage. This hybrid approach facilitates data accessibility, backup, and collaboration, fostering the growth of the consumer network attached storage (NAS) market.
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Also, the global shift towards remote work has emphasized the importance of efficient data sharing and collaboration. NAS devices play a crucial role in enabling access to shared files and enhancing collaboration among distributed teams. Moreover, the latest developments in the consumer NAS market reflect a notable transition from conventional HDDs to SSDs in order to achieve greater speed and improved responsiveness. Furthermore, the adoption of multi-gigabit ethernet is becoming more prevalent to handle high bandwidth 8K/4K media streaming and editing. Vendors are expanding their ecosystem by offering a variety of services and apps focused on automation, security, productivity and backup, driving the growth of the market.
Consumer Network Attached Storage (NAS) Market Trends:
The Increasing Need for Centralized Data Storage is Driving the Market Growth
Market CAGR for consumer network attached storage (NAS) is being driven by the increasing need for centralized data storage since individuals and businesses generate, accumulate large amounts of data, the demand for efficient and accessible storage solutions has surged. Centralized data storage offers users a convenient and organized way to manage their data, providing a single, accessible location for storing and retrieving information. Consumer NAS systems serve this demand by offering users the ability to create their private cloud storage, facilitating seamless access to files and media from multiple devices within a network. This not only enhances data management but also contributes to improved collaboration and sharing capabilities.
In addition, along with this, the growing dependence on data-intensive applications, multimedia content, and the increasing adoption of smart devices further creates the need for robust and scalable centralized storage solutions. As a result, there is an increasing demand for consumer network attached storage market.
Integration of AI Technology in Consumer Network Attached Storage (NAS) Market
The consumer network attached storage (NAS) market is experiencing significant growth, driven by the adoption of AI technology, fueling continuous advancements in the field. These progressions are expected to spur innovation and result in the development of consumer NAS devices with enhanced data transfer speeds and expanded storage capacities, catering to the needs of home offices and small businesses. Furthermore, there is an emphasis on integrating AI for real-time data processing and analysis, as well as enhanced connectivity with IoT devices and smart home systems. Additionally, there is a rising need for streamlined mobile applications for remote data access and backup, with a strong focus on ensuring data security through encryption and access control is driving the consumer network attached storage (NAS) market revenue.
For instance, in September 2023, QNAP Systems, Inc. unveiled the TS-AI642, a NAS solution integrating AI capabilities. This system is tailored to fulfill the demands of SMEs for video surveillance image storage and backup. It boasts a storage capacity of up to 110 TB and is equipped with a built-in Neural Processing Unit (NPU) to facilitate high-speed AI applications.
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Consumer Network Attached Storage (NAS) Market Segment Insights:
Consumer Network Attached Storage (NAS) Design Insights:
The global consumer network attached storage (NAS) market segmentation, based on design type includes 1-Bay, 2-Bays, 4-Bays, 5-Bays, 6-Bays, above 6-Bays. In 2023, the 4-Bays segment dominated the market as it offers consumers a balanced and scalable storage solution, striking an optimal balance between capacity and availability. This configuration allows users to expand their storage capacity, meeting their evolving needs.
Also, the 4-Bays NAS systems are designed with user-friendly interfaces and enhanced data management features, serving a broad spectrum of consumers, from tech enthusiasts to small businesses. The increase in multimedia content and the increasing demand for data-intensive applications further fuel the segments growth.
Consumer Network Attached Storage (NAS) Mount Type Insights:
The global consumer network attached storage (NAS) market segmentation, based on mount type, includes rackmount, standalone. The standalone segment dominated the market in 2023, due to the growing demand for personal cloud storage solutions including greater control over data privacy and security, faster data transfer speeds, and better compatibility with diverse operating systems and devices.
Along with this, standalone NAS devices are designed to serve specific user requirements, such as media streaming, backup, and file sharing. It comes equipped with advanced features like RAID (Redundant Array of Independent Disks) configurations, hot-swappable drives, and multimedia transcoding capabilities, making them ideal for households with multiple users and devices.
Global Consumer NAS Market, Segmental Coverage, 2019 - 2032 (USD Billion)
Source: Secondary Research, Primary Research, PMR Database and Analyst Review
Consumer Network Attached Storage (NAS) Regional Insights:
By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America will dominate the consumer network attached storage (NAS) market, due to its thriving startup ecosystem in the region. North America is a hub for technology startups, fostering a vibrant ecosystem that attracts entrepreneurs, venture capital investments, and technological innovation. The presence of numerous startups in North America has created a substantial demand for storage solutions, such as NAS devices. Additionally, the increasing number of smart homes in North America has had a positive impact on the demand for such products.
For instance, in January 2024, At the 2024 CES in Las Vegas, Ugreen, a consumer electronics brand, unveiled its collaboration with Intel to introduce the UGREEN NASync Network Attached Storage devices. This development represents a significant advancement, as the devices will offer enhanced storage efficiency and automated smart decision-making capabilities with AI integration to deliver user-friendly features, catering to the growing demand of consumers.
Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
GLOBAL CONSUMER NETWORK ATTACHED STORAGE MARKET, REGIONAL COVERAGE, 2019 - 2032 (USD Billion)
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Source: Secondary Research, Primary Research, PMR Database and Analyst Review
Asia Pacific consumer network attached storage (NAS) market accounts for the highest growth with the fastest CAGR over the forecast period owing to the growing trend of digitalization and the increasing amount of data being generated in various industries, such as healthcare, finance, and retail, which are driving the demand for advanced storage solutions. NAS systems offer a centralized and scalable storage solution that can efficiently store and manage large amounts of data, making them an attractive option for businesses in this region. Also, the rising adoption of cloud computing and virtualization technologies in the Asia Pacific region is driving the growth of this market.
For instance, in May 2024, Semtech Corporation and Console Connect, a Network-as-a-Service (NaaS) platform, announced a collaboration aimed at extending Semtech’s connectivity reach across the Asia-Pacific (APAC) region for its AirVantage Smart Connectivity service. This collaboration is expected to enhance Semtech's connectivity coverage in the APAC region, leveraging Console Connect's expertise in NaaS and Semtech's position as a high-performance semiconductor and IoT systems provider.
Consumer Network Attached Storage (NAS) Key Market Players & Competitive Insights
Leading market players are implementing advanced technologies in order to expand their product lines, which will help the consumer network attached storage (NAS) market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, higher investments, mergers, acquisitions and collaboration with other businesses to enhance their product portfolio and to survive in a more competitive market, Consumer network attached storage industry must offer cost-effective services and solutions.
By minimizing the operational costs, the key players in the global consumer network attached storage (NAS) industry it benefits clients and increase the market expansion. In recent years, the consumer NAS industry has offered some technological advancements. Major players in the consumer network attached storage (NAS) market, including 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.
StorCentric is a company providing storage solutions catering to both individual and enterprise clients across multiple industries. Their product line encompasses a wide array of storage solutions tailored to specific industry needs. The company is headquartered in California. In June 2022, StorCentric, a data-centric security company that provides an extensive line of secure data management solutions, announced the general availability (GA) release of Nexsan EZ-NAS network attached storage (NAS).
ASUSTOR Inc. provides network attached storage (NAS) and network video recorder (NVR) solutions for private cloud storage and video surveillance. ASUSTOR offers a comprehensive range of NAS devices and video surveillance solutions tailored to the requirements of both individual users and businesses. The company was founded in 2011 and headquartered in Taiwan. In January 2024, ASUSTOR unveiled its updated range of Arm-based NAS (Network Attached Storage) units designed for home and personal use. The latest models, includes the Drivestor 2 Lite, 2 Pro Gen2, and 4 Pro Gen2, powered by Realtek processor.
Key Companies in the Consumer Network Attached Storage (NAS) market include:
- 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.
Consumer Network Attached Storage (NAS) Industry Developments
May 2024: StarHub partnered with Global Switch to implement a Low Latency Data Centre Connect. This collaboration aligns with its DARE+ initiative and Cloud Infinity programme, enabling them to leverage the consumer network attached storage and operational ecosystem.
March 2024: Huawei, a provider of information and communications technology infrastructure and smart devices, launched the OceanStor Pacific 9920 network-attached storage (NAS) array in Europe., This array offers up to 92TB raw capacity in 2U of rack space.
March 2021: HITACHI launched VSP 5000 is the latest NVME flash array offering optimal capacity and service levels, by leveraging mixed NVMe and SAS to performance and manage workload.
Consumer Network Attached Storage (NAS) Market Segmentation:
Consumer Network Attached Storage (NAS) Design Outlook
- 1-Bay
- 2-Bays
- 4-Bays
- 5-Bays
- 6-Bays
- Above 6-Bays
Consumer Network Attached Storage (NAS) Mount Type Outlook
- Rackmount
- Standalone
Consumer Network Attached Storage (NAS), Deployment Outlook
- Cloud/Remote
- Hybrid
- On-premise
Consumer Network Attached Storage (NAS) End-User Outlook
- Business
- Residential
Consumer Network Attached Storage (NAS) Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Vietnam
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Consumer Network Attached Storage (NAS) Report Scope:
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Report Attributes |
Details |
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Market size value in 2023 |
USD 5.67 Billion |
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Market size value in 2024 |
USD 6.30 Billion |
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Revenue Forecast in 2032 |
USD 15.02 Billion |
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CAGR |
11.5% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD Billion and CAGR from 2024 to 2032 |
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Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
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Segments covered |
|
|
Regional scope |
|
|
Competitive Landscape |
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|
Report Format |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
FAQ's
The global consumer network attached storage (NAS) market size was valued at USD 5.67 Billion in 2023.
The global market is projected to grow at a CAGR of 11.5% during the forecast period, 2024-2032
North America had the largest share in the global market
The key players in 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
The 4-Bays category dominated the market in 2023
The standalone had the largest share in the global market
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