Consumer NAS And SMB NAS 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. In order 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 dependent on form factors, such as 1-bay to 12-bay.
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Top Key Players in Consumer NAS and SMB NAS Market:
Apple, Inc., Buffalo Technology, NETGEAR, QNAP, Seagate, Synology, Western Digital, Asustor, Dell, D-Link, and other major key players.
Market Dynamics and Factors for Consumer NAS and SMB NAS Market:
Drivers:
Developments in Organic and Inorganic Business Strategies
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 a number of 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.
Opportunities:
Cloud-Based NAS Presents Growth Opportunity
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.
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Segmentation Analysis of the Consumer NAS and SMB NAS Market:
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.
- 1-Bay
- 2-Bay
- 4-Bay and 5-Bay
- 6-Bay to 12-Bay
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.
- Consumer
- SOHO
- SMBs
- SMEs
Regional Analysis of the Consumer NAS and SMB NAS Market:
Due to the highest percentage of industries using consumer SMB NAS systems, 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.
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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.
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