Press release
Consumer And SMB NAS Market: A Future Forecast of $24.53 billion with 9.2% CAGR by 2029
The Fusion of Online Community Growth and User Safety Concerns is Driving the Consumer And SMB NAS MarketWhat Is The Projected Market Size Of The Global Consumer And SMB NAS Market And Its Growth Rate?
• The consumer and SMB NAS market size grew from $16.34 billion in 2024 to $17.23 billion in 2025 with a compelling CAGR of 5.5%.
• The market's strong historic growth was driven by the growth of online communities, user safety concerns, regulation adherence, e-commerce activity increase, and online platforms globalization.
• In the forecast period, the consumer and SMB NAS market is projected to surge to $24.53 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%.
• The market's growth can be attributed to social and political changes, real-time moderation requirements, virtual events expansion, inclusion and diversity, and brand reputation management.
What Is Driving The Growth In The Consumer And SMB NAS Market?
The surged demand for data storage is expected to be a powerful engine for the consumer and SMB NAS market's growth. This includes storing digital data for future operations. The need to accommodate substantial volumes of data at a lower cost than cloud-based storage continues to rise among end users. Data from Singapore-based Connectbit in February 2023 highlighted that approximately 65.28% of people used personal cloud storage as their main data storage in 2023. This growing need for data storage is thus driving the Consumer and SMB NAS market.
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Who Are the Key Players Driving Consumer And SMB NAS Market Growth?
Major companies operating in the consumer and SMB NAS market include:
• ASUSTOR Inc.
• Buffalo Americas Inc.
• D-Link Corporation
• Drobo Inc.
• Infortrend Technology Inc.
• iXsystems Inc.
• Netgear Inc.
• Promise Technology Inc.
• QNAP Systems Inc.
• Seagate Technology LLC
• Synology Inc.
• Thecus Technology Corp.
• Toshiba Corp.
• Western Digital Corporation
• Transporter
• Zyxel
• TerraMaster
• Asustek Computer Inc.
• Cisco Systems Inc.
• Akitio
• SilverStone Technology Co. Ltd.
• Dell Technologies Inc.
• Acer Inc.
• Fujitsu Limited
• Lenovo Group Limited
• Shuttle Inc.
• Amped Wireless
What Are The Key Trends In The Consumer And SMB NAS Market?
Major trends in the consumer and SMB NAS market include:
• Blockchain for transparency
• Cross-platform moderation
• Multilingual moderation
• Real-time moderation
• Video and image moderation
• Customization and flexibility.
What Are The Segments Of The Global Consumer And SMB NAS Market?
The Global Consumer and SMB NAS market report covers three main segments:
1) Form: This includes 1-Bay, 2-Bay, 4-Bay, 5-Bay, 6-Bay to 12-Bay
2) Deployment: This includes on-premises, remote or cloud, and hybrid
3) End User: This includes consumer, small office or home office (SOHO), server message block (SMBs), and small and medium-sized enterprises (SMEs)
Which Region Leads The Consumer And SMB NAS Market?
In 2024, North America was the dominant region in the consumer and SMB NAS Market. The market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The fastest-growing region in the global consumer and SMB NAS market in the forecast period is expected to be Asia-Pacific.
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What Is Covered In The Consumer And SMB NAS Market Global Market Report?
- Market Size Analysis: Analyze the Consumer And SMB NAS Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Consumer And SMB NAS Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Consumer And SMB NAS Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Consumer And SMB NAS Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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