Consumer Network Attached Storage (NAS) Market Report

Consumer Network Attached Storage (NAS) Market Analysis by End-user (Home, Business), By Design (1-Bay, 2-Bays, 4-Bays, 5-Bays, 6-Bays, Above 6 Bays) and By Region, And Segment Forecasts, 2014 - 2025

Published: June 2017  |  84 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-481-9

Industry Insights

The global Consumer network attached storage (NAS) market size was valued at USD 2.18 billion in 2016 and is expected to witness a significant increase in the market over the forecast period. Primarily the growth in Consumer NAS market is expected to be driven by increase in the data storage capacities and network sharing capabilities.

NAS is a storage device that allows you to connect to personal or business network so that the user can access the files stored in the drive, from mobile devices and PCs without a plugging in the drive externally. Innovative offerings such as access to high-quality data content and access to the stored data from any computerized system or mobile device to a user or others will enhance the customer experience and thus is expected to drive the demand for Consumer NAS market.   

U.S. Consumer NAS Market by End-user, 2014 - 2025 (USD Million)

U.S. Consumer NAS Market

Growth in disposable income has increased the purchasing power of an individual, thus it is expected that this will improve Consumer NAS market growth. The modern-age population is becoming more tech savvy and acceptable toward technologically advanced products. Furthermore, increasing need of surveillance is a major factor driving the growth of the Consumer NAS market.

A typical Consumer Network Attached Storage consists of a central processing unit (CPU), memory unit and an operating system. It is available in diverse types such as NAS with preinstalled drives, diskless NAS and so on. It also offers an advanced way of retrieving the stored data without the need of a physical device.

The improved level of security has resulted in increased the regulatory needs to store and share data security within the organization, which in turn has boosted the usage of Consumer NAS.

End-user Insights

Growing demand for efficient data backup systems, speedy data transfer, and cost-effective storage systems are some of the key drivers for the consumer network attached storage market.

Based on End-Users, the global consumer Network Attached Storage market has been segmented into the home and business. The Business segment is expected to account for a significant market share over the forecast period.

The Home segment follows next owing to majority of consumers implementing Consumer NAS as a backup system, media streaming device and for home surveillance. The deployment of network attached storage in small and medium businesses facilitates the reduction in ownership cost to the enterprise and thus drives the growth of Consumer NAS market.

Global Consumer NAS Market by Design, 2016 (%)

Global Consumer NAS Market

The networking ecosystems are undergoing a change from server-based models to data-based models. The growth in information storage, management, and retrieval has compelled consumers to make storage decisions which are separate from that of server decisions. Thus, it is expected to drive the change in the demand of Consumer NAS in the forecast period.

Regional Insights

The presence of large technology companies and significant investments made in the R&D, are some of the major factors driving the growth of the market in the North American region. Currently, North America occupies a significant market share in the overall global market, which is followed by Europe due to the increasing awareness among individuals about the benefits offered by Consumer NAS.

Increasing usage network attached storage by technology startups in U.S would lead to a significant increase in the demand for the overall U.S. market. Additionally, the region is one of the startup hubs of the world it is also expected to boost the market revenue significantly.

The Asia Pacific regional market is anticipated to account for a comparatively higher CAGR, owing to the increasing awareness among users regarding the benefits offered by the technology. Growth in the standard of living and increasing disposable income are the driving factors for the growth of the market in this region.

Competitive Insights

Key industry participants in the market include Western Digital Corporation, Netgear Inc, Synology Inc., QNAP Systems, Inc., Asustor Inc, Buffalo America Inc., ZyXEL Communications Inc, and Thecus Technology Corporation. Consumer NAS systems have found a growing usage in the among the small and medium enterprises as it offers features such as easy data storage and backup solutions.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation                                                

Revenue in USD Million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Country scope

U.S., Canada, Mexico, Germany, UK, China, Japan, India, and Brazil

Report coverage             

Revenue forecast, company share, competitive landscape, growth factors, and trends

15% free customization scope (equivalent to 5 analysts working days)

If you need specific market information that is not currently within the scope of the report, we will provide it to you as a part of the customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For this study, Grand View Research has segmented the Consumer Network Attached Storage(NAS) market based on End-User, Design and regions.

  • End-user Outlook (Revenue, USD Million; 2014 - 2025)

    • Home

    • Business

  • Design Outlook (Revenue, USD Million; 2014 - 2025)

    • 1-Bay

    • 2-Bays

    • 4-Bays

    • 5-Bays

    • 6-Bays

    • Above 6 Bays

  • Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • South America

      • Brazil 

      • Rest of South America

    • MEA

Request Sample
Request for Customization

Choose License Type:

Single User - $4,950
Multi User - $7,950
Enterprise User - $9,950

Special Pricing & Discounts

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA