According to a new report, published by KBV research, 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.
The Standalone segment is capturing the maximum revenue in the Global Consumer Network Attached Storage Market by Mount Type in 2022; thereby, achieving a market value of $7.4 billion by 2030. Standalone NAS devices offer users scalability and flexibility, allowing them to choose a solution that aligns with their current storage requirements and easily scale up as their needs grow. The modular design of this solution is attractive to customers who favor a customizable storage option that can accommodate fluctuating data volumes. These factors will pose lucrative growth prospects for the segment.
The Hybrid segment is exhibiting a CAGR of 13.3% during (2023 - 2030). Hybrid NAS enhances data redundancy and resilience by leveraging local and cloud-based storage. Critical data can be stored locally for quick access, while redundant copies or backups can be maintained in the cloud. This dual-layered approach enhances data protection and minimizes the risk of data loss. These aspects will fuel the growth of the segment.
The 1 TB to 20 TB segment is registering maximum revenue in the Global Consumer Network Attached Storage Market by Storage Capacity in 2022; thereby, achieving a market value of $6.9 billion by 2030. The proliferation of digital content, including high-resolution photos, videos, music libraries, and documents, has increased the need for storage space. Users in the 1 TB to 20 TB segment find this range suitable for accommodating their growing digital collections without the need for excessive capacity that may come with higher-tier NAS systems. Therefore, the segment will expand rapidly in the coming years.
The Cloud/Remote segment would exhibit a CAGR of 12.6% during (2023 - 2030). The shift towards remote work has accelerated the demand for cloud-based storage solutions. Consumers are increasingly relying on remote access to their data, and cloud-based NAS provides a convenient and secure way to store and access files from anywhere. As a result, the segment will expand rapidly in the coming years.
The Business segment is generating the highest revenue in the Global Consumer Network Attached Storage Market by End-user in 2022; thereby, achieving a market value of $7.6 billion by 2030. Enterprises produce and amass substantial volumes of data, encompassing documents, multimedia files, databases, and more. The escalating volume of business data necessitates efficient and scalable storage solutions, and consumer NAS systems provide a cost-effective and versatile option. These aspects will lead to rising demand in the segment.
The 2-Bays segment is experiencing a CAGR of 12% during (2023 - 2030). 2-bays NAS systems are often more affordable compared to models with a higher number of bays. This makes them an attractive option for individuals and small businesses investing in networked storage without a significant upfront cost. For many users, a 2-bays NAS system provides sufficient storage capacity for their needs. This is especially true for home users, content creators, and small businesses with moderate data storage requirements. Therefore, the segment will grow rapidly in the coming years.
The North America region dominated the Global Consumer Network Attached Storage Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3.7 billion by 2030. The Europe region is anticipated to grow at a CAGR of 12% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 13.2% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/consumer-network-attached-storage-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Mount Type
By Storage Type
By Storage Capacity
By Deployment
By End-user
By Design
By Geography
Companies Profiled
Unique Offerings 
