Press release
IoT Adoption Driving Growth Of Consumer Network-Attached Storage: A Key Factor Shaping the Future of the Consumer Network Attached Storage Market in 2025
Consumer Network Attached Storage Market
The surge in the use of IoT devices is anticipated to drive the expansion of the consumer network-attached storage market in the future. These IoT devices represent a network of tangible objects that are equipped with sensors, software, and other latest technologies, enabling them to network and transfer data with other devices and systems via the internet. The rising usage of these IoT devices is a result of technological advancements, cost-effectiveness, and applicability in specific industries. When combined with consumer network-attached storage systems, IoT devices allow for the efficient storage, analysis, and protection of data generated by IoT, thus heightening consumer usability. For example, as reported by Sogeti, a French IT services firm, in March 2023, the global count of IoT devices hit 42.62 billion in 2022, and it is projected to climb to 75.44 billion by 2025. As such, the escalating use of IoT devices is fueling the growth of the consumer network-attached storage market.
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What is the projected compound annual growth rate (CAGR) of the consumer network attached storage market from 2025 to 2034, and what factors influence it?
The size of the consumer network attached storage market has seen significant expansion in recent years. This market is set to increase from a value of $17.88 billion in 2024 to $20.73 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 15.9%. The surge during the historical period is primarily due to the escalation of digital content, the popularity of multimedia streaming, and the progress in smart home ecosystems.
The market size of consumer network attached storage is anticipated to witness swift expansion in the upcoming years, culminating in a value of $36.93 billion in 2029, with a compound annual growth rate of 15.5%. This projected growth in the predicted timeline is due to the escalating demand for domestic media storage, proliferation of smart home services, hybrid cloud storage solutions, along with energy competence and durability. Significant trends during this period will include edge computing, integration of the Internet of Things, native NAS solutions in the cloud, services based on subscription, as well as hybrid cloud infrastructures.
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What are the emerging trends shaping the future of the consumer network attached storage market?
Principal firms in the consumer network-attached storage industry are prioritizing the creation of state-of-the-art network-attached storage systems, like the NASync series, to cater to the emerging need of consumers for dependable and efficient storage solutions. The NASync series is a sophisticated version of traditional NAS systems, integrating advanced technologies and capabilities to cater to changing user requirements and industry trends. For example, in January 2024, UGREEN, a consumer electronics company based in China, launched the NASync series, a cutting-edge network-attached storage device developed in partnership with Intel Corporation, a semiconductor corporation from the United States. The NASync devices, powered by Intel Core i5 control chips, have an AI-enabled smart data management center that enables users to save and retrieve data both locally and remotely on various devices such as smartphones, laptops, tablets, and TVs. These devices also have a comprehensive app for wireless data access, supporting streaming media and picture recognition, allowing users to search for images using text.
What are the major segments of the consumer network attached storage market and their role in driving growth?
The consumer network attached storage market covered in this report is segmented -
1) By Storage Type: Hard Disk Drive (HDD), Flash Storage, Hybrid
2) By Design: 1-Bay, 2-Bays, 4-Bays, 5-Bays, 6-Bays, Above 6-Bays
3) By Deployment: On-Premise, Cloud Or Remote, Hybrid
4) By End-User: Residential, Business
Subsegments:
1) By Hard Disk Drive (HDD): Traditional HDD, Enterprise HDD, Consumer HDD
2) By Flash Storage: Solid State Drive (SSD), NVMe (Non-Volatile Memory Express), SATA SSD
3) By Hybrid: Hybrid HDD Or SSD Storage Solutions, SSHD (Solid-State Hybrid Drive)
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Which regions are key players in the growth of the consumer network attached storage market?
North America was the largest region in the consumer network attached storage market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the consumer network attached storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the consumer network attached storage market?
Major companies operating in the consumer network attached storage market are Apple Inc., Microsoft Corporation, Dell Technologies Inc., Hitachi Ltd., Lenovo Group Limited, HP Inc., Panasonic Corporation, Cisco Systems Inc., Toshiba Corporation, ASUSTeK Computer Inc., Western Digital Corporation, Seagate Technology, Acer Inc., GIGABYTE Technology Co. Ltd., NETGEAR Inc., ZyXEL Communications Corp., QNAP Systems Inc., D-Link Corporation, Synology Inc., ASRock Inc., Silicon Power Computer & Communications Inc., Asustor Inc., Thecus Technology Corp., Buffalo Americas, Drobo Inc.
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What Is Covered In The Consumer Network Attached Storage Global Market Report?
• Market Size Forecast: Examine the consumer network attached storage market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the consumer network attached storage market for a structured understanding.
• Key Players Overview: Analyze major players in the consumer network attached storage market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the consumer network attached storage market.
• Segment Contributions: Evaluate how different segments drive overall growth in the consumer network attached storage market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the consumer network attached storage market.
• Industry Challenges: Identify potential risks and obstacles affecting the consumer network attached storage market.
• Competitive Landscape: Review strategic developments in the consumer network attached storage market, including expansions, agreements, and new product launches.
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