Global Consumer Network Attached Storage Market Size, Share & Trends Analysis Report By Mount Type (Standalone, and Rackmount), By Storage Type, By Storage Capacity, By Deployment, By End-user, By Design, By Regional Outlook and Forecast, 2023 - 2030

Global Consumer Network Attached Storage Market Size, Share & Trends Analysis Report By Mount Type (Standalone, and Rackmount), By Storage Type, By Storage Capacity, By Deployment, By End-user, By Design, By Regional Outlook and Forecast, 2023 - 2030

The Global Consumer Network Attached Storage Market size is expected to reach $11.5 billion by 2030, rising at a market growth of 12.2% CAGR during the forecast period.

1-bay NAS systems are often more affordable than their multi-bay counterparts, making them an attractive entry-level option for consumers new to NAS technology or with budget constraints. Therefore, the 1-bay segment captured $927.9 million revenue in the market in 2022. Consumers looking for a simple yet effective solution for media streaming and entertainment needs find the 1-bay NAS appealing. These devices enhance the home entertainment experience by storing and streaming multimedia content to smart TVs, gaming consoles, and other media players. These aspects will drive the demand in the segment. Some of the factors impacting on the market are data storage and backup needs, growing concerns about data security and privacy, and high upfront costs of consumer network attached storage.

The digital age has led to a tremendous increase in the creation and consumption of digital content. Consumers generate and accumulate vast amounts of data in the form of photos, videos, music, and documents. Consumers recognize the importance of protecting their digital assets, including irreplaceable photos and videos. NAS solutions provide a centralized and automated method for backing up this data, protecting it from unforeseen events such as hardware malfunctions, accidental deletion, and data loss. In addition, consumer NAS provides a centralized storage repository within the home network. Additionally, consumer NAS systems enable users to store their data locally within their network. This contrasts with cloud storage services, where data is stored on external servers. Local storage gives users direct control over their data and reduces the reliance on external entities. Storing data on a consumer NAS device helps maintain sensitive information's privacy and confidentiality. Users have the assurance that their personal and sensitive data is kept within the confines of their home network, reducing the exposure to external threats. In addition, with consumer NAS, users retain ownership and control over their data. These factors will drive the demand for these in the coming years.

However, Advanced NAS systems often have more powerful processors, additional RAM, and multiple drive bays. The hardware cost can be a substantial portion of the upfront investment. Higher-end NAS models may also include hardware encryption, faster processors, and more extensive connectivity options, contributing to increased costs. Storage drives, particularly large-capacity and high-performance ones, can be expensive. When setting up a NAS, users need to purchase one or more hard disk drives (HDDs) or solid-state drives (SSDs) to meet their storage requirements. The cost per terabyte of storage can influence the overall expense significantly. As a result, the market will witness decreased demand in the upcoming years.

Mount Type Outlook

On the basis of mount type, the market is divided into standalone and rackmount. In 2022, the rackmount segment witnessed a substantial revenue share in the market. Consumers in professional settings, such as home offices and small businesses, often require robust storage solutions. Rackmount NAS systems cater to these environments by providing higher storage capacities, advanced features, and a more organized and space-efficient storage infrastructure. As a result, there will be increased growth in the segment.

Storage Type Outlook

Based on storage type, the market is divided into hard disk drive (HDD), flash storage, and hybrid. The hard disk drive (HDD) segment recorded the maximum revenue share in the market in 2022. HDDs remain unparalleled when it comes to offering high storage capacities. In the market, where users often require terabytes of storage for multimedia content, documents, and backups, HDDs provide an economical solution to meet these expansive storage needs. These factors will help in the expansion of the segment.

Storage Capacity Outlook

Based on storage capacity, the market is segmented into less than 1 TB, 1 TB to 20 TB, and more than 20 TB. In 2022, the more than 20 TB segment garnered a significant revenue share in the market. The prevalence of 4K and Ultra HD video content has significantly increased file sizes. Consumers engaged in recording and editing high-quality videos seek NAS solutions with capacities exceeding 20 TB to store and manage these resource-intensive files effectively. Owing to these aspects, the segment will witness increased demand in the coming years.

Deployment Outlook

On the basis of deployment, the market is divided into on-premise, cloud/remote, and others. The on-premise segment recorded the maximum revenue share in the market in 2022. Users are increasingly concerned about the security and privacy of their data. On-premise NAS solutions provide control and security that appeal to individuals and businesses. Storing data locally reduces reliance on external cloud services and minimizes exposure to potential cybersecurity threats. These aspects will drive the demand in the segment.

End-user Outlook

Based on end-user, the market is divided into residential and business. In 2022, the residential segment witnessed a substantial revenue share in the market. The demand for home entertainment, including streaming services, digital music libraries, and personal video collections, has surged. Residential NAS systems provide a centralized and efficient way to store, organize, and stream multimedia content to various devices within the home, such as smart TVs, gaming consoles, and media players. These factors will pose lucrative growth prospects for the segment.

Design Outlook

Based on design, the market is segmented into 1-bay, 2-bays, 4-bays, 5-bays, 6-bays, and others. The 4-bays segment held the largest revenue share in the market in 2022. The 4-bays configuration offers a balance between storage capacity and scalability. Users have the flexibility to start with a lower number of drives and expand their storage capacity over time as their needs grow. This scalability makes 4-bays NAS systems appealing to a broad range of consumers. These aspects will help in the expansion of the segment.

Regional Outlook

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific segment acquired a considerable revenue share in the market. Smart home technology adoption is increasing in Asia-Pacific nations. Consumer NAS systems play a crucial role in smart homes by serving as centralized storage hubs for multimedia content, security footage, and other data generated by connected devices, contributing to the increased demand. These aspects will boost the demand in the segment.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ASUSTeK Computer Inc., D-link Corporation, Dell Technologies, Inc., NEC Corporation, Netgear, Inc., QNAP Systems, Inc., Seagate Technology LLC, Synology Inc., Western Digital Corporation, and Zyxel Communications Corp.

Recent Strategy Deployed in the Consumer Network Attached Storage Market

Nov-2023: QNAP Systems, Inc. formed a partnership with StorTrec UK, a company offering repair services for a variety of midrange and enterprise disk systems. Under this partnership, the customer experience and the quality of services for network-attached storage solutions were enhanced. Additionally, the partnership helped to provide 24x7 on-site support and installation and integration services to the customers.

Apr-2023: Seagate Technology LLC introduced the Seagate IronWolf Pro 22 TB conventional magnetic recording (CMR)-based hard disk drive (HDD). The new product provides a five-year limited warranty and up to 2.5M-hr MTBF for hassle-free data storage. Additionally, through the AgileArray technology, the new product offers network-attached-storage (NAS) performance and RAID reliability in multi-bay and multi-user environments.

Apr-2023: Seagate Technology LLC formed a partnership with QNAP Systems Inc., a Taiwanese corporation specializing in network-attached storage appliances. Under this partnership, an integrated portfolio of edge-to-cloud enterprise storage solutions was launched. Additionally, the partnership assisted in satisfying market demands as well as reducing costs.

Feb-2023: Synology Inc. launched the DiskStation DS1823xs+. The new product has up to 144 TB of storage capacity. Additionally, the new product helps to consolidate the unstructured data in offices and studios.

Sep-2022: Dell Technologies, Inc. joined hands with Fujitsu Limited, a Japanese multinational information and communications technology equipment and services corporation. Under this collaboration, the adoption and usage of open radio access network (Open RAN) solutions were enhanced.

Mar-2022: QNAP Systems, Inc. launched the 2-bay TS-233 NAS, suitable for home and office environments. The new product has the features of an ARM Cortex A55 quad-core processor with integrated 2GB of memory and an in-built NPU (Neural Network Processing Unit) processor. Additionally, the new product offers cost-effective centralized storage and multimedia solutions.

Jan-2021: Netgear, Inc. unveiled the MS510TXM and MS510TXUP multi-gig switches. The new products provide network speeds of 100 MB, 1G, 2.5G, 5G or 10G and optional cloud management. Additionally, the new products improve the performance of the WiFi through a network of WiFi 6 Access Points and help protect businesses in cable infrastructure.

Jun-2020: QNAP Systems, Inc. came into partnership with ownCloud GmbH, a company providing open-source software for content collaboration. Under this partnership, the Network-attached Storage (NAS) of QNAP Systems was integrated with the Enterprise Content Collaboration Software of ownCloud. Additionally, the partnership provided the users with a budget-friendly Content Collaboration Solution.

Scope of the Study

Market Segments covered in the Report:

By Mount Type

• Standalone
• Rackmount

By Storage Type

• Hard Disk Drive (HDD)
• Flash Storage
• Hybrid

By Storage Capacity

• 1 TB to 20 TB
• More than 20 TB
• Less than 1 TB

By Deployment

• Cloud/Remote
• On-Premise
• Others

By End-user

• Business
• Residential

By Design

• 4-Bays
• 2-Bays
• 6-Bays
• 1-Bay
• 5-Bays
• Others

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• ASUSTeK Computer Inc.
• D-link Corporation
• Dell Technologies, Inc.
• NEC Corporation
• Netgear, Inc.
• QNAP Systems, Inc.
• Seagate Technology LLC
• Synology Inc.
• Western Digital Corporation
• Zyxel Communications Corp.

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