Market Overview:
The Global Consumer NAS and SMB NAS Market size is expected to grow from USD 13.57 billion in 2022 to USD 21.46 billion by 2030, at a CAGR of 5.9 % during the forecast period (2023-2030).
The creation of network-attached storage more than 20 years ago was prompted by the demand for a safe and secure method for businesses to exchange file-level data. The demand from end users for the ability to store enormous volumes of data at a lower cost than with cloud-based storage is driving growth in the consumer NAS and SMB NAS markets. By enabling remote access to data storage via the internet or LAN connectivity at home, these cutting-edge services allow small businesses to access information in the global consumer NAS market at a low cost. To capture a greater share of the consumer NAS market, the companies are selling these cutting-edge technologies through retail channels with diskless systems at prices that vary depending on form factors, such as 1-bay to 12-bay.
Top Key Players Covered in The Consumer NAS and SMB NAS Market:
- Apple, Inc (US)
- Buffalo Technology (U.S)
- NETGEAR (U.S)
- Western Digital Corporation (US)
- QNAP Systems, Inc (Taiwan)
- Seagate Technology plc (Europe)
- Synology Inc (Taiwan), and Other Major Players
Market Dynamics and Factors:
Many companies are shifting their attention to natural strategies, such as product launches, product certifications, and other advancements. On the other hand, inorganic strategies like partnerships, mergers, and acquisitions are seen in the market. Additionally, the aforementioned strategies have opened up several avenues for the growth of businesses and their clientele. Additionally, with the increasing demand for individual consumers, SOHOs, SMB, consumer, and SMB NAS market, manufacturers of consumer and SMB NAS systems are expected to stimulate growth prospects in the current period and in the upcoming future. Consumer NAS and SMB NAS market is expected to experience significant growth in the coming years, driven by various factors such as increasing awareness of food waste, cost savings for businesses, and advancements in technology. The market presents a significant opportunity for manufacturers to develop innovative solutions and expand their market reach.
Cloud-based NAS enables consumers to access and share their data from anywhere with an internet connection. This remote accessibility enhances convenience, making it easier for users to retrieve files, photos, videos, and other content stored on their NAS devices.
Cloud-based NAS solutions often offer synchronization features that keep data consistent across multiple devices. Consumers can access the same files on their smartphones, tablets, laptops, and desktops, promoting seamless collaboration and reducing data fragmentation. Cloud-based NAS provides an additional layer of data protection by offering off-site backup and redundancy. Consumers can safeguard their valuable data against hardware failures, theft, or other local disasters, giving them peace of mind.
The Consumer NAS and SMB NAS Market Report Highlight:
- By Form Factors, the 1-Bay segment had the largest market share. A 1-bay Consumer NAS is suitable for individuals and families looking to centralize and manage their digital content, including photos, videos, music, and documents, in one place.
- By End-User, Consumer is likely to dominate in this area. The Consumer NAS market focuses on individuals and households seeking simple and accessible storage solutions for personal use. This market segment encompasses a range of users, from tech-savvy enthusiasts to everyday consumers.
- By Region, the North American region dominates the consumer NAS and SMB NAS market. Due to the use of surveillance cameras, cloud-based NAS, and larger LAN connectivity, as in the manufacturing, banking, and financial services industries. Consequently, these applications contribute to the market's expansion overall in the North American region which drives the growth of the Consumer NAS and SMB NAS market.
Key Industry Development:
In June 2022, Nexsan released a small NAS device for SMBs that need to store data at the edge or need a backup target. Nexsan has expanded its storage portfolio to focus on entry-level requirements with the release of EZ-NAS, which supports network file systems and server message block (SMB) protocols.
The Consumer NAS and SMB NAS Market Segmentation:
By Form Factors
- 1-Bay
- 2-Bay
- 4-Bay and 5-Bay
- 6-Bay to 12-Bay
By End User
- Consumer
- SOHO
- SMBs
- SMEs
For this report, Introspective Market Research has segmented the Consumer NAS and SMB NAS Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
