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Key Trends Reshaping the Consumer And SMB NAS Market: Innovative NAS Technologies Enhancing Collaboration And Data Accessibility Industry Transformation
Consumer And SMB NAS Market
Consumer And SMB NAS Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size of consumer and smb nas has seen a steady increase. It is anticipated to expand from a value of $16.34 billion in 2024 to about $17.08 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.6%. Factors contributing to this growth during the historical period include the expansion of online communities, user security issues, compliance with regulations, an upsurge in e-commerce activities, and the global spread of online platforms.
How Will the Consumer And SMB NAS Market Size Evolve and Grow by 2029?
The market size of consumer and smb nas is anticipated to experience solid expansion in the coming years, escalating to a value of $24.07 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 9.0%. Elements such as social and political shifts, the need for real-time moderation, the proliferation of virtual events, the mandate for inclusion and diversity, and brand image management contribute to the growth during the projected period. The major upcoming trends in this forecast period encompasses the use of blockchain for transparency, cross-platform moderation, multilingual moderation, real-time moderation, video and image moderation, along with customization and adaptability.
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What Drivers Are Propelling the Growth of Consumer And SMB NAS Market Forward?
The escalating demand for data storage is predicted to drive the expansion of the consumer and SMB NAS market in the approaching period. Digital format recording for future use is what data storage refers to. There is a requirement from end-users to store large amounts of data at costs lower than cloud storage. For example, Connectbit, an exceptional IT support and WordPress Service organization based in Singapore, declared in February 2023 that nearly 65.28% of individuals primarily used personal cloud storage for their data storage needs in 2023. Consequently, the pressing need for data storage is propelling the growth of the Consumer and SMB NAS market.
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Which Emerging Trends Are Transforming the Consumer And SMB NAS Market in 2025?
Leading organizations in the consumer and SMB NAS market have concentrated their efforts on inventing new technologies, such as network-attached storage (NAS) array systems, in order to offer scalable and efficient storage solutions. These solutions aim to improve data accessibility, simplify backup processes, and enhance collaboration among users. NAS array systems, for instance, are specific file storage devices connected to a network that offers centralized data access across numerous users and devices. For example, in September 2023, Huawei, a telecommunications tech firm based in China, introduced the OceanStor Pacific 9920, an entry-level Network-Attached Storage solution devised for delivering scalability and efficiency. With storage space reaching up to 92TB per node, it is an ideal fit for businesses seeking cost-effective storage choices. The system supports clustering of nodes to enhance capacity and performance. Moreover, the 9920 can also function as a Storage Area Network (SAN) device, providing a variety of data storage options for different enterprise applications. Its flexibility caters to numerous workloads, thus improving data access and management.
What Are the Key Segments in the Consumer And SMB NAS Market?
The consumer and smb nasmarket covered in this report is segmented -
1) By Form: 1-Bay, 2-Bay, 4-Bay, 5-Bay, 6-Bay to 12-Bay
2) By Deployment: On-Premises, Remote Or Cloud, Hybrid
3) By End User: Consumer, Small Office Or Home Office (SOHO), Server Message Block (SMBs), Small And Medium-Sized Enterprises (SMEs)
Subsegments:
1) By 1-Bay: Entry-Level NAS, Single Drive Enclosure
2) By 2-Bay: RAID 1 NAS, JBOD NAS
3) By 4-Bay: RAID 5 NAS, Multimedia NAS
4) By 5-Bay: Enhanced Performance NAS, Hybrid Storage NAS
5) By 6-Bay to 12-Bay: Enterprise NAS, High-Capacity Storage NAS
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Who Are the Key Players Shaping the Consumer And SMB NAS Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Consumer And SMB NAS Market?
North America was the largest region in the consumer and SMB NAS market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global consumer and SMB NAS market during the forecast period. The regions covered in the consumer and SMB NAS market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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