What Has Been the Growth Trajectory of the Consumer And SMB NAS Market?
The consumer and smb nas market has seen considerable growth due to a variety of factors.
•Over the past few years, the size of the consumer and smb nas market has significantly expanded. It is projected to increase from $16.34 billion in 2024 to $17.23 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.5%.
The growth during the historical period has been driven by the expansion of online communities, end-user security issues, compliance with rules, augmentation in e-commerce activities, and the global reach of online platforms.
What Does the Future Hold for the Consumer And SMB NAS Market?
The consumer and smb nas market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, a robust growth is anticipated for the consumer and smb nas market. It is predicted to expand to "$24.53 billion by 2029, with a compound annual growth rate (CAGR) of 9.2%.
The expansion during the projection period can be credited to factors such as social and political changes, the need for real-time moderation, the growth of virtual events, the importance of inclusion and diversity, along with the management of brand reputation. Key trends predicted during the forecast period are the use of the blockchain for enhanced transparency, moderation across various platforms, multilingual moderation, instant moderation, video and image moderation, and increased customization and adaptability.
What Main Forces Are Fueling Expansion In The Consumer And SMB NAS Market?
The consumer and SMB NAS market are anticipated to grow following the increasing demand for data storage. Digital media recording for future use is what data storage entails. There is a need for end-users to store a large amount of data at a lower cost compared to cloud-based storage. As an example, Connectbit, an exceptional IT support and WordPress services company from Singapore reported in February 2023 that about 65.28% of people primarily used personal cloud storage for their data storage in 2023. Consequently, the surge in demand for data storage is propelling the expansion of the Consumer and SMB NAS market.
What Are The Primary Segments In The Global Consumer And SMB NAS Market?
The consumer and smb nas market covered in this report is segmented –
1) By Form: 1-Bay, 2-Bay, 4-Bay, 5-Bay, 6-Bay to 12-Bay
2) By Deployment: On-Premises, Remote Or Cloud, Hybrid
3) By End User: Consumer, Small Office Or Home Office (SOHO), Server Message Block (SMBs), Small And Medium-Sized Enterprises (SMEs)
Subsegments:
1) By 1-Bay: Entry-Level NAS, Single Drive Enclosure
2) By 2-Bay: RAID 1 NAS, JBOD NAS
3) By 4-Bay: RAID 5 NAS, Multimedia NAS
4) By 5-Bay: Enhanced Performance NAS, Hybrid Storage NAS
5) By 6-Bay to 12-Bay: Enterprise NAS, High-Capacity Storage NAS
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Which Key Trends Are Driving Changes In The Consumer And SMB NAS Market?
Major players in the consumer and SMB NAS market are channeling their efforts into creating a myriad of breakthrough technologies, including network-attached storage (NAS) array systems. These systems aim to offer scalable and effective storage solutions to amplify data accessibility, simplify backup processes, and promote cooperation among users. NAS array systems are specialized file storage instruments connected to a network to facilitate multi-user and multi-device centralized data access. For example, Huawei, a tech firm based in China, in September 2023, unveiled the OceanStor Pacific 9920. This is an initial-level NAS solution engineered to optimize scalability and efficiency, boasting a storage ability of up to 92TB per node, making it a cost-effective choice for businesses. This system allows for node clustering to upgrade capacity and functionality. Moreover, the 9920 can function as a SAN (Storage Area Network) apparatus, offering a diversified range of data storage capacities for different enterprise applications. Its flexibility supports an extensive array of workloads, augmenting data accessibility and control.
Who Are the Key Players in the Consumer And SMB NAS Market?
Major companies operating in the consumer and smb nas market include:
• ASUSTOR Inc.
• Buffalo Americas Inc.
• D-Link Corporation
• Drobo Inc.
• Infortrend Technology Inc.
• iXsystems Inc.
• Netgear Inc.
• Promise Technology Inc.
• QNAP Systems Inc.
• Seagate Technology LLC
• Synology Inc.
• Thecus Technology Corp.
• Toshiba Corp.
• Western Digital Corporation
• Transporter
• Zyxel
• TerraMaster
• Asustek Computer Inc.
• Cisco Systems Inc.
• Akitio
• SilverStone Technology Co. Ltd.
• Dell Technologies Inc.
• Acer Inc.
• Fujitsu Limited
• Lenovo Group Limited
• Shuttle Inc.
• Amped Wireless
What Is The Most Dominant Region In The Consumer And SMB NAS Market?
North America was the largest region in the consumer and SMB NAS market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global consumer and SMB NAS market during the forecast period. The regions covered in the consumer and SMB NAS market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
