Consumer NAS market size to grow by USD 28,222.02 million from 2022 to 2027| Increasing need for video surveillance systems drives the market- Technavio

NEW YORK, July 31, 2023 /PRNewswire/ — The consumer NAS market size is set to grow by USD 28,222.02 million from 2022 to 2027, progressing at a CAGR of 12.11% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The increasing need for video surveillance systems is the major factor notably driving the market growth. Smart home security ranks as one of the most demanding applications of the Internet of Things (IoT). These security systems are controlled through a centralized home gateway with intelligent cloud-based services. The cloud network ensures user-friendly control for end-users and handles tasks like software updates and interoperability. Compared to on-premise solutions, cloud-based services offer cost advantages to end-users. As a result, more home users are adopting video surveillance services to enhance their physical security, leveraging the benefits of cloud services. Both residential and industrial consumers are installing surveillance cameras inside and outside their premises. For storing and processing the continuous 24/7 video feeds, NAS systems are becoming essential since DAS systems are inadequate. NAS systems provide the required storage capacity for high-quality videos (1080p) and offer remote access to stored data. Additionally, many NAS systems come with built-in features like automatic data backup, further enhancing the efficiency of video surveillance systems. Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and a forecast period (2023-2027). Download Sample Report in minutes!

The consumer NAS market covers the following areas:

• Consumer NAS Market Sizing
• Consumer NAS Market Forecast
• Consumer NAS Market Analysis

Consumer NAS market 2023-2027 – Market Dynamics

Significant Consumer NAS Market Trends

The rise in the adoption of hybrid storage arrays is an emerging trend shaping market growth. Hybrid storage arrays provide organizations with increased flexibility in selecting the appropriate deployment model for different workloads or workgroups. The deployment of hybrid storage arrays offers three main advantages: improved data management, enhanced IT infrastructure management and flexibility, and enhanced security and compliance. These arrays combine flash drives and HDDs, with some NAS systems also supporting hybrid arrays. As a result, these trends are driving market growth during the forecast period.

Major Challenge

The NAS compatibility issue will be a major challenge hindering the market growth. Enterprises commonly adopt NAS systems to establish collaborative working environments that facilitate data sharing between peers. However, administrators encounter challenges in creating shared storage for users, both for shared folders and individual files, especially when accessing NAS systems remotely. The compatibility of NAS with different operating systems is crucial for small business storage operations. NAS systems have been found to have common issues, including command injection, buffer overflows, authentication bypasses and failures, cross-site request forgery, information disclosure, poor session management, and backdoor accounts. Vendors continually improve their products’ performance and address security vulnerabilities through patch updates. However, these minor issues in the small business environment can cause delays in business operations and impact productivity. For example, users often experience authentication-related issues while accessing NAS drives on an updated host system. Consequently, these factors may hinder the adoption of NAS systems during the forecast period.

What’s New? –

• Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!

Consumer NAS Market 2023-2027: Market Segmentation

This Consumer Network Attached Storage Market report extensively covers market segmentation by deployment (on-premise, cloud, and hybrid), end-user (business and home), and geography (North America, Europe, APAC, South America, and the Middle East and Africa).

• The market share growth by the on-premise segment will be significant during the forecast period. The on-premises consumer NAS solutions continue to be favoured in the global market due to their perceived enhanced security and the users’ ability to have complete control over the storage environment. These solutions offer advantages such as customizable storage capacity, automated backups, and data syncing across multiple devices. However, on-premises consumer NAS devices are expensive and require technical expertise for setup and maintenance. Additionally, there are limitations on the physical storage capacity, and hardware upgrades can be costly. Despite these challenges, on-premises NAS remains a popular choice for users seeking secure, reliable, and flexible storage solutions for personal or business needs. Therefore, these factors are anticipated to drive the growth of the on-premises segment in the global consumer NAS market during the forecast period. 

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report

Companies Mentioned

• ASUSTeK Computer Inc.
• Buffalo Americas Inc.
• Buurst Inc.
• Cisco Systems Inc.
• D Link Corp.
• Dell Technologies Inc.
• Drobo Inc.
• Hewlett Packard Enterprise Co.
• Hitachi Ltd.
• Hon Hai Precision Industry Co. Ltd.
• Huawei Technologies Co. Ltd.
• Infortrend Technology Inc.
• International Business Machines Corp.
• Microsoft Corp.
• Nasuni Corp.
• NEC Corp.
• QNAP Systems Inc.
• Seagate Technology Holdings Plc
• Synology Inc.
• Western Digital Corp.

Vendors Offerings 

• ASUSTeK Computer Inc. – The company offers consumer NAS such as Drivestor 4 Pro, Nimbustor 2, and Lockestor 10 under the brand ASUSTOR Inc.
• Buffalo Americas Inc. – The company offers consumer NAS such as TeraStation 71210RH Series, TeraStation 5020 Series, and LinkStation 700 Series.
• D Link Corp. – The company offers Network Attached Storage 101.

Gain instant access to 17,000+ market research reports.

Technavio’s SUBSCRIPTION platform

Related Reports:

The personal consumer electronics market size is estimated to grow at a CAGR of 5.04% between 2022 and 2027. The market size is forecast to increase by USD 92.66 billion. This report extensively covers market segmentation by product type (smartphones, tablets laptops and notebooks, portable devices, digital cameras, and others), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The frequent product launches are driving growth in the personal consumer electronics market.

The network attached storage (NAS) market share is estimated to increase to USD 18.61 billion from 2021 to 2026, at an accelerating CAGR of 9.03%. This market research report extensively covers network attached storage (NAS) market segmentations by Deployment (On-premise and cloud) and Geography (North America, Europe, APAC, South America, and Middle East and Africa). One of the key drivers supporting the network-attached storage market growth is the rising need for data backup and redundancy with the surge in digital transformations. 

Key Topics Covered:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global consumer NAS market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on global consumer NAS market 2017 – 2021 ($ million)

• 4.2 Deployment Segment Analysis 2017 – 2021
• Exhibit 19: Historic Market Size – Deployment Segment 2017 – 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – End-user Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Deployment

• 6.1 Market segments 
• Exhibit 30: Chart on Deployment – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Deployment – Market share 2022-2027 (%)

• 6.2 Comparison by Deployment 
• Exhibit 32: Chart on Comparison by Deployment
• Exhibit 33: Data Table on Comparison by Deployment

• 6.3 On-premise – Market size and forecast 2022-2027
• Exhibit 34: Chart on On-premise – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on On-premise – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on On-premise – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on On-premise – Year-over-year growth 2022-2027 (%)

• 6.4 Cloud – Market size and forecast 2022-2027
• Exhibit 38: Chart on Cloud – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Cloud – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Cloud – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Cloud – Year-over-year growth 2022-2027 (%)

• 6.5 Hybrid – Market size and forecast 2022-2027
• Exhibit 42: Chart on Hybrid – Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Hybrid – Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Hybrid – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Hybrid – Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Deployment 
• Exhibit 46: Market opportunity by Deployment ($ million)
• Exhibit 47: Data Table on Market opportunity by Deployment ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 48: Chart on End-user – Market share 2022-2027 (%)
• Exhibit 49: Data Table on End-user – Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 50: Chart on Comparison by End-user
• Exhibit 51: Data Table on Comparison by End-user

• 7.3 Business – Market size and forecast 2022-2027
• Exhibit 52: Chart on Business – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Business – Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Business – Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Business – Year-over-year growth 2022-2027 (%)

• 7.4 Home – Market size and forecast 2022-2027
• Exhibit 56: Chart on Home – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Home – Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Home – Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Home – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by End-user 
• Exhibit 60: Market opportunity by End-user ($ million)
• Exhibit 61: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027
• Exhibit 67: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027
• Exhibit 71: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 APAC – Market size and forecast 2022-2027
• Exhibit 75: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027
• Exhibit 79: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027
• Exhibit 87: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027
• Exhibit 91: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 South Korea – Market size and forecast 2022-2027
• Exhibit 95: Chart on South Korea – Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on South Korea – Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on South Korea – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on South Korea – Year-over-year growth 2022-2027 (%)

• 9.11 Japan – Market size and forecast 2022-2027
• Exhibit 99: Chart on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.12 Germany – Market size and forecast 2022-2027
• Exhibit 103: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 ASUSTeK Computer Inc. 
• Exhibit 115: ASUSTeK Computer Inc. – Overview
• Exhibit 116: ASUSTeK Computer Inc. – Product / Service
• Exhibit 117: ASUSTeK Computer Inc. – Key news
• Exhibit 118: ASUSTeK Computer Inc. – Key offerings

• 12.4 Buffalo Americas Inc. 
• Exhibit 119: Buffalo Americas Inc. – Overview
• Exhibit 120: Buffalo Americas Inc. – Product / Service
• Exhibit 121: Buffalo Americas Inc. – Key offerings

• 12.5 D Link Corp. 
• Exhibit 122: D Link Corp. – Overview
• Exhibit 123: D Link Corp. – Business segments
• Exhibit 124: D Link Corp. – Key news
• Exhibit 125: D Link Corp. – Key offerings
• Exhibit 126: D Link Corp. – Segment focus

• 12.6 Dell Technologies Inc. 
• Exhibit 127: Dell Technologies Inc. – Overview
• Exhibit 128: Dell Technologies Inc. – Business segments
• Exhibit 129: Dell Technologies Inc. – Key news
• Exhibit 130: Dell Technologies Inc. – Key offerings
• Exhibit 131: Dell Technologies Inc. – Segment focus

• 12.7 Drobo Inc. 
• Exhibit 132: Drobo Inc. – Overview
• Exhibit 133: Drobo Inc. – Product / Service
• Exhibit 134: Drobo Inc. – Key offerings

• 12.8 Hewlett Packard Enterprise Co. 
• Exhibit 135: Hewlett Packard Enterprise Co. – Overview
• Exhibit 136: Hewlett Packard Enterprise Co. – Business segments
• Exhibit 137: Hewlett Packard Enterprise Co. – Key news
• Exhibit 138: Hewlett Packard Enterprise Co. – Key offerings
• Exhibit 139: Hewlett Packard Enterprise Co. – Segment focus

• 12.9 Hitachi Ltd. 
• Exhibit 140: Hitachi Ltd. – Overview
• Exhibit 141: Hitachi Ltd. – Business segments
• Exhibit 142: Hitachi Ltd. – Key news
• Exhibit 143: Hitachi Ltd. – Key offerings
• Exhibit 144: Hitachi Ltd. – Segment focus

• 12.10 Huawei Technologies Co. Ltd. 
• Exhibit 145: Huawei Technologies Co. Ltd. – Overview
• Exhibit 146: Huawei Technologies Co. Ltd. – Business segments
• Exhibit 147: Huawei Technologies Co. Ltd. – Key news
• Exhibit 148: Huawei Technologies Co. Ltd. – Key offerings
• Exhibit 149: Huawei Technologies Co. Ltd. – Segment focus

• 12.11 International Business Machines Corp.
• Exhibit 150: International Business Machines Corp. – Overview
• Exhibit 151: International Business Machines Corp. – Business segments
• Exhibit 152: International Business Machines Corp. – Key news
• Exhibit 153: International Business Machines Corp. – Key offerings
• Exhibit 154: International Business Machines Corp. – Segment focus

• 12.12 Nasuni Corp. 
• Exhibit 155: Nasuni Corp. – Overview
• Exhibit 156: Nasuni Corp. – Product / Service
• Exhibit 157: Nasuni Corp. – Key offerings

• 12.13 NEC Corp. 
• Exhibit 158: NEC Corp. – Overview
• Exhibit 159: NEC Corp. – Business segments
• Exhibit 160: NEC Corp. – Key news
• Exhibit 161: NEC Corp. – Key offerings
• Exhibit 162: NEC Corp. – Segment focus

• 12.14 QNAP Systems Inc. 
• Exhibit 163: QNAP Systems Inc. – Overview
• Exhibit 164: QNAP Systems Inc. – Product / Service
• Exhibit 165: QNAP Systems Inc. – Key offerings

• 12.15 Seagate Technology Holdings Plc 
• Exhibit 166: Seagate Technology Holdings Plc – Overview
• Exhibit 167: Seagate Technology Holdings Plc – Product / Service
• Exhibit 168: Seagate Technology Holdings Plc – Key offerings

• 12.16 Synology Inc. 
• Exhibit 169: Synology Inc. – Overview
• Exhibit 170: Synology Inc. – Product / Service
• Exhibit 171: Synology Inc. – Key offerings

• 12.17 Western Digital Corp. 
• Exhibit 172: Western Digital Corp. – Overview
• Exhibit 173: Western Digital Corp. – Business segments
• Exhibit 174: Western Digital Corp. – Key offerings
• Exhibit 175: Western Digital Corp. – Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 176: Inclusions checklist
• Exhibit 177: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 178: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 179: Research methodology
• Exhibit 180: Validation techniques employed for market sizing
• Exhibit 181: Information sources

• 13.5 List of abbreviations 
• Exhibit 182: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/consumer-nas-market-size-to-grow-by-usd-28-222-02-million-from-2022-to-2027-increasing-need-for-video-surveillance-systems-drives-the-market–technavio-301888533.html

SOURCE Technavio

PR Newswire Technology News