The consumer network attached storage market is estimated to be valued at USD 6.6 billion in 2024. The consumer network attached storage market is expected to reach USD 16.9 billion by 2034, developing at a CAGR of 9.9%.
Consumer network attached storage devices are increasingly utilized for storing and streaming media content within homes, catering to the demand for high-resolution videos, music libraries, and larger file sizes. With the proliferation of 4K and higher resolution content, NAS systems are adapting to provide ample storage and seamless playback.
Growing popularity of network attached storage to attain cost-effective solutions for data storage and increase in adoption of network attached storage systems by small and medium enterprises is the major factor likely to result in high revenue growth in the small and medium enterprises end user segment during the predicted period. Increasing utilization of network attached storage systems is another potential driver for small and medium enterprises, especially in emerging economies.
Benefits such as lower cost of ownership and a higher Return on Information Management offered by network attached storage devices are expected to further drive the growth of the small and medium enterprises segment. With the integration of high performance backup, restore capability, and device sharing, several performance issues can be alleviated.
Consumer Network Attached Storage Market Trend Analysis
Attributes | Key Insights |
---|---|
Consumer Network Attached Storage Market Estimated Size in 2024 | USD 6.6 billion |
Projected Market Value in 2034 | USD 16.9 billion |
Value-based CAGR from 2024 to 2034 | 9.9% |
Consumer network attached storage systems started incorporating multimedia capabilities, including media streaming, DLNA support, and multimedia server functionalities. This attracted users seeking home entertainment solutions.
Manufacturers began introducing more affordable and user-friendly consumer NAS solutions aimed at home users. These devices focused on basic storage and file-sharing capabilities.
Consumer NAS market will likely revolve around enhancing user experience, security, integration with emerging technologies, and adapting to the evolving needs of consumers in an increasingly connected world. The demand for consumer network attached storage is projected to rise at a CAGR of 9.9% from 2024 to 2034.
Market Value in 2023 | USD 6.1 billion |
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Market Value in 2034 | USD 16.9 billion |
The following table shows the top five countries by revenue, led by Australia and Japan. Consumer network-attached storage systems provide flexibility in terms of storage capacity, RAID configurations, and software options. Consumers appreciate the ability to tailor these systems to their specific needs driving their demand in various countries. These two countries are predicted to boost their consumer network attached storage services efforts through 2034.
Countries | Forecast CAGRs from 2024 to 2034 |
---|---|
Japan | 11.1% |
The United States | 7.7% |
China | 10.4% |
Australia | 13.4% |
Germany | 9.4% |
The United States is expected to witness a CAGR of 7.7% in consumer network attached storage market by 2034. The consumer network-attached storage market in United states is growing due to increased investment in wireless technology by both private and public companies in the country.
The increased consumption of high-quality media content, including 4K videos and high-resolution images, drives the need for robust storage solutions like NAS to store and stream this content within households. The rising shift to remote work setups has increased the demand for consumer network attached storage devices as centralized storage hubs for remote file access and collaboration among family members or remote work teams.
Consumer network attached storage market in China has seen substantial growth due to the growing adoption of high-definition multimedia content, online gaming, and content creation has resulted in a surge in data storage requirements among consumers in China. The consumer network attached storage market in China is projected to rise at a CAGR of 10.4% from 2024 to 2034.
The flourishing e-commerce industry and the digitalization of services have led to a surge in data storage requirements for online businesses and entrepreneurs, driving market demand in China.
The consumer network attached storage market growth in Germany is attributed to rising demand for storage solutions stems from increased digital content consumption, including high-resolution media, data-heavy applications, and online services. The consumer network attached storage market in Germany is projected to rise at a CAGR of 9.4% from 2024 to 2034.
Consumer network attached storage systems offer users more control over their data, appealing to German consumers who prioritize data privacy and security. Consumers often value eco-friendly and energy-efficient products. Consumer network attached storage systems that align with these values gain traction in the market.
Consumer network attached storage market in Japan is expected to grow with a CAGR of 11.1% during 2024 to 2034.The presence of tech-savvy population with a high demand for storing and streaming multimedia content, including high-resolution videos, anime, and music drive the demand for consumer network attached storage market in Japan.
Consumers in the country prioritize data security and privacy, making consumer network attached storage systems appealing due to their local storage and control features.
The demand for consumer network attached storage is expected to rise in Australia. By 2034, the market is expected to expand at a CAGR of 13.4%. Increasing digital content consumption, including high-definition videos, gaming, and multimedia content, driving the need for ample storage solutions in Australia.
Government initiatives supporting digital transformation across sectors contribute to the demand for storage solutions like consumer network attached storage. Service providers in the country introducing advanced features, improved performance, and a variety of models to suit different consumer preferences driving the market growth.
The 4 bays segment will dominate until 2034, with a market share of 29.2%. 4 bays offer a level of scalability, enabling users to start with fewer drives and easily expand the storage capacity.
The business segment is expected to have a share of 58.9%. Consumer network attached storage systems offer businesses greater control over their data, ensuring higher levels of security compared to cloud-based storage options.
Category | Market share |
---|---|
4-Bays | 29.2% |
Business | 58.9% |
The 4-bays segment held a significant market share of 29.2% in 2024. Consumers require more storage space with the growing consumption of digital media, including high-resolution photos and videos. A 4-bay NAS balances capacity and convenience, allowing users to expand their storage needs while maintaining a manageable size.
A 4-bay NAS allows users to have a balance between storage capacity and redundancy. It provides a significant amount of storage while offering RAID configurations for data protection. Four-bay NAS devices strike a balance between size and capacity, making them suitable for placement in homes or small offices without taking up excessive space.
The business segment dominated the market with a revenue share of 58.9% in 2024. Small businesses often need reliable data management and backup solutions. Growth of this segment is attributed to increasing adoption of consumer network attached storage systems as they offer features such as easy installation and efficient backup.
Consumer network attached storage (NAS) devices offer an accessible way for these businesses to store and protect their critical data, including financial records, customer information, and business documents.
The consumer network-attached storage (NAS) market is fragmented. Historically, the main players dominated the consumer network-attached storage (NAS) market. Businesses' increased demand for data storage is drawing a slew of new participants to the industry, making it more competitive.
Some of the developments from the market are given below
Attributes | Details |
---|---|
Estimated Market Size in 2024 | USD 6.6 billion |
Projected Market Valuation in 2034 | USD 16.9 billion |
Value-based CAGR 2024 to 2034 | 9.9% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Value in USD billion |
Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
Key Market Segments Covered | Design, End User, Region |
Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
Key Companies Profiled | Synology Inc.; NETGEAR; Western Digital Corporation; QNAP Systems, Inc.; ASUSTOR Inc.; Buffalo Americas Inc.; Thecus.COM; Zyxel |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Value (US$ Million) Forecast by Design, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by End-user, 2019 to 2034
Table 4: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 5: North America Market Value (US$ Million) Forecast by Design, 2019 to 2034
Table 6: North America Market Value (US$ Million) Forecast by End-user, 2019 to 2034
Table 7: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: Latin America Market Value (US$ Million) Forecast by Design, 2019 to 2034
Table 9: Latin America Market Value (US$ Million) Forecast by End-user, 2019 to 2034
Table 10: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 11: Western Europe Market Value (US$ Million) Forecast by Design, 2019 to 2034
Table 12: Western Europe Market Value (US$ Million) Forecast by End-user, 2019 to 2034
Table 13: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Eastern Europe Market Value (US$ Million) Forecast by Design, 2019 to 2034
Table 15: Eastern Europe Market Value (US$ Million) Forecast by End-user, 2019 to 2034
Table 16: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 17: South Asia and Pacific Market Value (US$ Million) Forecast by Design, 2019 to 2034
Table 18: South Asia and Pacific Market Value (US$ Million) Forecast by End-user, 2019 to 2034
Table 19: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: East Asia Market Value (US$ Million) Forecast by Design, 2019 to 2034
Table 21: East Asia Market Value (US$ Million) Forecast by End-user, 2019 to 2034
Table 22: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 23: Middle East and Africa Market Value (US$ Million) Forecast by Design, 2019 to 2034
Table 24: Middle East and Africa Market Value (US$ Million) Forecast by End-user, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Design, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by End-user, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 7: Global Market Value (US$ Million) Analysis by Design, 2019 to 2034
Figure 8: Global Market Value Share (%) and BPS Analysis by Design, 2024 to 2034
Figure 9: Global Market Y-o-Y Growth (%) Projections by Design, 2024 to 2034
Figure 10: Global Market Value (US$ Million) Analysis by End-user, 2019 to 2034
Figure 11: Global Market Value Share (%) and BPS Analysis by End-user, 2024 to 2034
Figure 12: Global Market Y-o-Y Growth (%) Projections by End-user, 2024 to 2034
Figure 13: Global Market Attractiveness by Design, 2024 to 2034
Figure 14: Global Market Attractiveness by End-user, 2024 to 2034
Figure 15: Global Market Attractiveness by Region, 2024 to 2034
Figure 16: North America Market Value (US$ Million) by Design, 2024 to 2034
Figure 17: North America Market Value (US$ Million) by End-user, 2024 to 2034
Figure 18: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 19: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Design, 2019 to 2034
Figure 23: North America Market Value Share (%) and BPS Analysis by Design, 2024 to 2034
Figure 24: North America Market Y-o-Y Growth (%) Projections by Design, 2024 to 2034
Figure 25: North America Market Value (US$ Million) Analysis by End-user, 2019 to 2034
Figure 26: North America Market Value Share (%) and BPS Analysis by End-user, 2024 to 2034
Figure 27: North America Market Y-o-Y Growth (%) Projections by End-user, 2024 to 2034
Figure 28: North America Market Attractiveness by Design, 2024 to 2034
Figure 29: North America Market Attractiveness by End-user, 2024 to 2034
Figure 30: North America Market Attractiveness by Country, 2024 to 2034
Figure 31: Latin America Market Value (US$ Million) by Design, 2024 to 2034
Figure 32: Latin America Market Value (US$ Million) by End-user, 2024 to 2034
Figure 33: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 34: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) Analysis by Design, 2019 to 2034
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Design, 2024 to 2034
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Design, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by End-user, 2019 to 2034
Figure 41: Latin America Market Value Share (%) and BPS Analysis by End-user, 2024 to 2034
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by End-user, 2024 to 2034
Figure 43: Latin America Market Attractiveness by Design, 2024 to 2034
Figure 44: Latin America Market Attractiveness by End-user, 2024 to 2034
Figure 45: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 46: Western Europe Market Value (US$ Million) by Design, 2024 to 2034
Figure 47: Western Europe Market Value (US$ Million) by End-user, 2024 to 2034
Figure 48: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 50: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 51: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 52: Western Europe Market Value (US$ Million) Analysis by Design, 2019 to 2034
Figure 53: Western Europe Market Value Share (%) and BPS Analysis by Design, 2024 to 2034
Figure 54: Western Europe Market Y-o-Y Growth (%) Projections by Design, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) Analysis by End-user, 2019 to 2034
Figure 56: Western Europe Market Value Share (%) and BPS Analysis by End-user, 2024 to 2034
Figure 57: Western Europe Market Y-o-Y Growth (%) Projections by End-user, 2024 to 2034
Figure 58: Western Europe Market Attractiveness by Design, 2024 to 2034
Figure 59: Western Europe Market Attractiveness by End-user, 2024 to 2034
Figure 60: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 61: Eastern Europe Market Value (US$ Million) by Design, 2024 to 2034
Figure 62: Eastern Europe Market Value (US$ Million) by End-user, 2024 to 2034
Figure 63: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 64: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 65: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 66: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 67: Eastern Europe Market Value (US$ Million) Analysis by Design, 2019 to 2034
Figure 68: Eastern Europe Market Value Share (%) and BPS Analysis by Design, 2024 to 2034
Figure 69: Eastern Europe Market Y-o-Y Growth (%) Projections by Design, 2024 to 2034
Figure 70: Eastern Europe Market Value (US$ Million) Analysis by End-user, 2019 to 2034
Figure 71: Eastern Europe Market Value Share (%) and BPS Analysis by End-user, 2024 to 2034
Figure 72: Eastern Europe Market Y-o-Y Growth (%) Projections by End-user, 2024 to 2034
Figure 73: Eastern Europe Market Attractiveness by Design, 2024 to 2034
Figure 74: Eastern Europe Market Attractiveness by End-user, 2024 to 2034
Figure 75: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 76: South Asia and Pacific Market Value (US$ Million) by Design, 2024 to 2034
Figure 77: South Asia and Pacific Market Value (US$ Million) by End-user, 2024 to 2034
Figure 78: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 79: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 80: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 81: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 82: South Asia and Pacific Market Value (US$ Million) Analysis by Design, 2019 to 2034
Figure 83: South Asia and Pacific Market Value Share (%) and BPS Analysis by Design, 2024 to 2034
Figure 84: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Design, 2024 to 2034
Figure 85: South Asia and Pacific Market Value (US$ Million) Analysis by End-user, 2019 to 2034
Figure 86: South Asia and Pacific Market Value Share (%) and BPS Analysis by End-user, 2024 to 2034
Figure 87: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End-user, 2024 to 2034
Figure 88: South Asia and Pacific Market Attractiveness by Design, 2024 to 2034
Figure 89: South Asia and Pacific Market Attractiveness by End-user, 2024 to 2034
Figure 90: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 91: East Asia Market Value (US$ Million) by Design, 2024 to 2034
Figure 92: East Asia Market Value (US$ Million) by End-user, 2024 to 2034
Figure 93: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 96: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 97: East Asia Market Value (US$ Million) Analysis by Design, 2019 to 2034
Figure 98: East Asia Market Value Share (%) and BPS Analysis by Design, 2024 to 2034
Figure 99: East Asia Market Y-o-Y Growth (%) Projections by Design, 2024 to 2034
Figure 100: East Asia Market Value (US$ Million) Analysis by End-user, 2019 to 2034
Figure 101: East Asia Market Value Share (%) and BPS Analysis by End-user, 2024 to 2034
Figure 102: East Asia Market Y-o-Y Growth (%) Projections by End-user, 2024 to 2034
Figure 103: East Asia Market Attractiveness by Design, 2024 to 2034
Figure 104: East Asia Market Attractiveness by End-user, 2024 to 2034
Figure 105: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 106: Middle East and Africa Market Value (US$ Million) by Design, 2024 to 2034
Figure 107: Middle East and Africa Market Value (US$ Million) by End-user, 2024 to 2034
Figure 108: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 109: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 110: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 111: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 112: Middle East and Africa Market Value (US$ Million) Analysis by Design, 2019 to 2034
Figure 113: Middle East and Africa Market Value Share (%) and BPS Analysis by Design, 2024 to 2034
Figure 114: Middle East and Africa Market Y-o-Y Growth (%) Projections by Design, 2024 to 2034
Figure 115: Middle East and Africa Market Value (US$ Million) Analysis by End-user, 2019 to 2034
Figure 116: Middle East and Africa Market Value Share (%) and BPS Analysis by End-user, 2024 to 2034
Figure 117: Middle East and Africa Market Y-o-Y Growth (%) Projections by End-user, 2024 to 2034
Figure 118: Middle East and Africa Market Attractiveness by Design, 2024 to 2034
Figure 119: Middle East and Africa Market Attractiveness by End-user, 2024 to 2034
Figure 120: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
As of 2024, the market for consumer network attached storage is expected to be valued at USD 6.6 billion, as per FMI.
By 2034, the market value of consumer network attached storage is expected to reach USD 16.9 billion.
From 2024 to 2034, consumer network attached storage market is expected to account for a CAGR of 9.9%
The 4-bays segment is expected to account for a market share of 29.2% in 2024.
The Australia is likely the top-performing market with a CAGR of 13.4%.
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