Market Overview:
The global consumer NAS market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for backup, archiving, and disaster recovery applications among consumers. Additionally, the growing trend of cloud-based storage is also contributing to the growth of this market. However, data security and privacy concerns may restrain the growth of this market in some regions. On the basis of type, the global consumer NAS market can be segmented into backup, archiving, disaster recovery, and others (including media streaming and home office applications). The backup segment is expected to account for a major share of this market in 2018 owing to its growing demand for data protection from accidental or intentional data loss. On the basis on application, business users are expected to account for a major share of this market in 2018 followed by household users.
Product Definition:
A NAS device is a storage area network (SAN) that enables multiple users to access digital data, typically files, from any computer on the network. Consumer NAS devices are designed for home and small office use and typically include one or more hard drives for storage, as well as software that allows users to share files between computers on the network.
The importance of consumer NAS devices lies in their ability to provide an easily accessible and affordable way for multiple users to share digital data. In addition, because many consumer NAS devices include backup software, they can also be used to create redundant copies of important files in case of data loss.
Backup:
Backup is a service by which the consumer can backup all the files, images, and media content from PC/laptops to external storage devices such as USB drives or portable hard disk. The primary function of backup is to allow consumers to recover data in case of system failure. It also helps in saving data from one device and restoring it on another device at a later date.
Archiving:
Archiving is the practice of storing data for future retrieval. The most common archiving applications include web pages, emails, and other documents. Consumer NAS includes Network Attached Storage (NAS), which is a storage device connected to a computer network. It can be used to store and share files among multiple computers or devices over the network; it's also called as personal cloud or storage cloud because it's accessible from mobile devices and PCs on the network.
Application Insights:
The business application segment accounted for the largest share of over 60.0% in 2017. The growth can be attributed to the increasing demand from small and medium-sized businesses (SMBs) for cost-effective data storage solutions that offer high availability and disaster recovery capabilities. Furthermore, growing concerns regarding data loss and downtime due to natural disasters such as earthquakes, floods, fires have driven the need for consumer NAS devices in SMBs.
The household application segment is expected to witness significant growth over the forecast period owing to rising adoption of cloud services among consumers who are increasingly relying on remote access applications and online communication tools involving banking & financial services, e-commerce, media & entertainment among others.
Regional Analysis:
North America dominated the global market in 2017. The growth of the regional market can be attributed to increasing government regulations and standards, high adoption rate of cloud services, and growing demand for digital data among businesses. Moreover, rising number of cyberattacks is compelling consumers to adopt security solutions such as consumer NAS. Increasing penetration of smartphones has increased the need for syncing content across devices; this trend is expected to drive product demand over next eight years.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing disposable income levels in emerging countries such as China and India that have a large population with higher purchasing power than those in other Asian countries including Singapore and Malaysia etc.; hence driving upmarketing trends across these developing nations will boost industry revenue significantly over coming years. Furthermore, rapid technological advancements coupled with presence of prominent players such as Wistron Corporation; Lenovo Group Limited; Quanta Computer Inc.; Inventec Corporation; Foxconn Technology Group Co., Ltd.
Growth Factors:
- Increasing demand for data storage: The global consumer NAS market is expected to grow at a CAGR of over 15% during the forecast period. This is due to the increasing demand for data storage, as users are generating more and more data every day.
- Proliferation of digital content: With the proliferation of digital content such as photos, videos, and music, users are looking for ways to store and access this content easily. Consumer NAS devices provide an easy way to store and access digital content from any device or location.
- Growing trend of home automation: Home automation is growing in popularity, with many homeowners looking to automate tasks such as lighting, security, and temperature control in their homes. A consumer NAS can be used as part of a home automation system to store and share files between devices in the home network.
- Increased use of cloud services: Many consumers are now using cloud services such as Dropbox (www .dropbox .com)and iCloud (www .apple .com/icloud/)to store their files online instead of on their local devices or computers This has led to increased interest in consumer NAS devices that can provide easy access to files stored online through cloud-based applications like FileZilla (filezilla-project .org). 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Consumer NAS Market Research Report
By Type
Backup, Archiving, Disaster Recovery, Others
By Application
Business, Household
By Companies
Apple, Dell Technologies, NEC, Seagate Technology, Western Digital, Netgear Inc, Synology Inc, Hewlett Packard Enterprise Development
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Consumer NAS Market Report Segments:
The global Consumer NAS market is segmented on the basis of:
Types
Backup, Archiving, Disaster Recovery, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Business, Household
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Apple
- Dell Technologies
- NEC
- Seagate Technology
- Western Digital
- Netgear Inc
- Synology Inc
- Hewlett Packard Enterprise Development
Highlights of The Consumer NAS Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Backup
- Archiving
- Disaster Recovery
- Others
- By Application:
- Business
- Household
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Consumer NAS Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Consumer NAS is a term used to describe home and small office network attached storage (NAS) devices that are marketed for personal use. These devices typically have lower specs than enterprise-grade NAS products, but they are more affordable and easier to use. Consumer NAS devices can be used to store files, photos, music, and other digital content.
Some of the major players in the consumer nas market are Apple, Dell Technologies, NEC, Seagate Technology, Western Digital, Netgear Inc, Synology Inc, Hewlett Packard Enterprise Development.
The consumer nas market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Consumer NAS Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Consumer NAS Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Consumer NAS Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Consumer NAS Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Consumer NAS Market Size & Forecast, 2020-2028
4.5.1 Consumer NAS Market Size and Y-o-Y Growth
4.5.2 Consumer NAS Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Backup
5.2.2 Archiving
5.2.3 Disaster Recovery
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Business
6.2.2 Household
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Consumer NAS Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Consumer NAS Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Backup
9.6.2 Archiving
9.6.3 Disaster Recovery
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Business
9.10.2 Household
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Backup
10.6.2 Archiving
10.6.3 Disaster Recovery
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Business
10.10.2 Household
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Backup
11.6.2 Archiving
11.6.3 Disaster Recovery
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Business
11.10.2 Household
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Backup
12.6.2 Archiving
12.6.3 Disaster Recovery
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Business
12.10.2 Household
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Backup
13.6.2 Archiving
13.6.3 Disaster Recovery
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Business
13.10.2 Household
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Consumer NAS Market: Competitive Dashboard
14.2 Global Consumer NAS Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apple
14.3.2 Dell Technologies
14.3.3 NEC
14.3.4 Seagate Technology
14.3.5 Western Digital
14.3.6 Netgear Inc
14.3.7 Synology Inc
14.3.8 Hewlett Packard Enterprise Development
