The consumer network attached storage market is estimated to be valued at US$ 6.6 billion in 2024. The consumer network attached storage market is expected to reach US$ 16.9 billion by 2034, developing at a CAGR of 9.9%.
Consumer network attached storage devices are increasingly utilized for storing and streaming media content within homes, catering to the demand for high-resolution videos, music libraries, and larger file sizes. With the proliferation of 4K and higher resolution content, NAS systems are adapting to provide ample storage and seamless playback.
Growing popularity of network attached storage to attain cost-effective solutions for data storage and increase in adoption of network attached storage systems by small and medium enterprises is the major factor likely to result in high revenue growth in the small and medium enterprises end user segment during the predicted period. Increasing utilization of network attached storage systems is another potential driver for small and medium enterprises, especially in emerging economies.
Benefits such as lower cost of ownership and a higher Return on Information Management offered by network attached storage devices are expected to further drive the growth of the small and medium enterprises segment. With the integration of high performance backup, restore capability, and device sharing, several performance issues can be alleviated.
Consumer Network Attached Storage Market Trend Analysis
| Attributes | Key Insights |
|---|---|
| Consumer Network Attached Storage Market Estimated Size in 2024 | US$ 6.6 billion |
| Projected Market Value in 2034 | US$ 16.9 billion |
| Value-based CAGR from 2024 to 2034 | 9.9% |
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Consumer network attached storage systems started incorporating multimedia capabilities, including media streaming, DLNA support, and multimedia server functionalities. This attracted users seeking home entertainment solutions.
Manufacturers began introducing more affordable and user-friendly consumer NAS solutions aimed at home users. These devices focused on basic storage and file-sharing capabilities.
Consumer NAS market will likely revolve around enhancing user experience, security, integration with emerging technologies, and adapting to the evolving needs of consumers in an increasingly connected world. The demand for consumer network attached storage is projected to rise at a CAGR of 9.9% from 2024 to 2034.
| Market Value in 2023 | US$ 6.1 billion |
|---|---|
| Market Value in 2034 | US$ 16.9 billion |
Principal Consultant
The following table shows the top five countries by revenue, led by Australia and Japan. Consumer network-attached storage systems provide flexibility in terms of storage capacity, RAID configurations, and software options. Consumers appreciate the ability to tailor these systems to their specific needs driving their demand in various countries. These two countries are predicted to boost their consumer network attached storage services efforts through 2034.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| Japan | 11.1% |
| The United States | 7.7% |
| China | 10.4% |
| Australia | 13.4% |
| Germany | 9.4% |
The United States is expected to witness a CAGR of 7.7% in consumer network attached storage market by 2034. The consumer network-attached storage market in United states is growing due to increased investment in wireless technology by both private and public companies in the country.
The increased consumption of high-quality media content, including 4K videos and high-resolution images, drives the need for robust storage solutions like NAS to store and stream this content within households. The rising shift to remote work setups has increased the demand for consumer network attached storage devices as centralized storage hubs for remote file access and collaboration among family members or remote work teams.
Consumer network attached storage market in China has seen substantial growth due to the growing adoption of high-definition multimedia content, online gaming, and content creation has resulted in a surge in data storage requirements among consumers in China. The consumer network attached storage market in China is projected to rise at a CAGR of 10.4% from 2024 to 2034.
The flourishing e-commerce industry and the digitalization of services have led to a surge in data storage requirements for online businesses and entrepreneurs, driving market demand in China.
The consumer network attached storage market growth in Germany is attributed to rising demand for storage solutions stems from increased digital content consumption, including high-resolution media, data-heavy applications, and online services. The consumer network attached storage market in Germany is projected to rise at a CAGR of 9.4% from 2024 to 2034.
Consumer network attached storage systems offer users more control over their data, appealing to German consumers who prioritize data privacy and security. Consumers often value eco-friendly and energy-efficient products. Consumer network attached storage systems that align with these values gain traction in the market.
Consumer network attached storage market in Japan is expected to grow with a CAGR of 11.1% during 2024-2034.The presence of tech-savvy population with a high demand for storing and streaming multimedia content, including high-resolution videos, anime, and music drive the demand for consumer network attached storage market in Japan.
Consumers in the country prioritize data security and privacy, making consumer network attached storage systems appealing due to their local storage and control features.
The demand for consumer network attached storage is expected to rise in Australia. By 2034, the market is expected to expand at a CAGR of 13.4%. Increasing digital content consumption, including high-definition videos, gaming, and multimedia content, driving the need for ample storage solutions in Australia.
Government initiatives supporting digital transformation across sectors contribute to the demand for storage solutions like consumer network attached storage. Service providers in the country introducing advanced features, improved performance, and a variety of models to suit different consumer preferences driving the market growth.
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The 4 bays segment will dominate until 2034, with a market share of 29.2%. 4 bays offer a level of scalability, enabling users to start with fewer drives and easily expand the storage capacity.
The business segment is expected to have a share of 58.9%. Consumer network attached storage systems offer businesses greater control over their data, ensuring higher levels of security compared to cloud-based storage options.
| Category | Market share |
|---|---|
| 4-Bays | 29.2% |
| Business | 58.9% |
The 4-bays segment held a significant market share of 29.2% in 2024. Consumers require more storage space with the growing consumption of digital media, including high-resolution photos and videos. A 4-bay NAS balances capacity and convenience, allowing users to expand their storage needs while maintaining a manageable size.
A 4-bay NAS allows users to have a balance between storage capacity and redundancy. It provides a significant amount of storage while offering RAID configurations for data protection. Four-bay NAS devices strike a balance between size and capacity, making them suitable for placement in homes or small offices without taking up excessive space.
The business segment dominated the market with a revenue share of 58.9% in 2024. Small businesses often need reliable data management and backup solutions. Growth of this segment is attributed to increasing adoption of consumer network attached storage systems as they offer features such as easy installation and efficient backup.
Consumer network attached storage (NAS) devices offer an accessible way for these businesses to store and protect their critical data, including financial records, customer information, and business documents.
The consumer network-attached storage (NAS) market is fragmented. Historically, the main players dominated the consumer network-attached storage (NAS) market. Businesses' increased demand for data storage is drawing a slew of new participants to the industry, making it more competitive.
Some of the developments from the market are given below
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | US$ 6.6 billion |
| Projected Market Valuation in 2034 | US$ 16.9 billion |
| Value-based CAGR 2024 to 2034 | 9.9% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in US$ billion |
| Key Regions Covered |
|
| Key Market Segments Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
As of 2024, the market for consumer network attached storage is expected to be valued at US$ 6.6 billion, as per FMI.
By 2034, the market value of consumer network attached storage is expected to reach US$ 16.9 billion.
From 2024 to 2034, consumer network attached storage market is expected to account for a CAGR of 9.9%
The 4-bays segment is expected to account for a market share of 29.2% in 2024.
The Australia is likely the top-performing market with a CAGR of 13.4%.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Design
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Design, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Design, 2024 to 2034
5.3.1. 1-Bay
5.3.2. 2-Bays
5.3.3. 4-Bays
5.3.4. 5-Bays
5.3.5. 6-Bays
5.3.6. Above 6 Bays
5.4. Y-o-Y Growth Trend Analysis By Design, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Design, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-user
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By End-user, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End-user, 2024 to 2034
6.3.1. Home
6.3.2. Business
6.4. Y-o-Y Growth Trend Analysis By End-user, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By End-user, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Design
8.2.3. By End-user
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Design
8.3.3. By End-user
8.4. Key Takeaways
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Design
9.2.3. By End-user
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Design
9.3.3. By End-user
9.4. Key Takeaways
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Design
10.2.3. By End-user
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Design
10.3.3. By End-user
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Design
11.2.3. By End-user
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Design
11.3.3. By End-user
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Design
12.2.3. By End-user
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Design
12.3.3. By End-user
12.4. Key Takeaways
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Design
13.2.3. By End-user
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Design
13.3.3. By End-user
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Design
14.2.3. By End-user
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Design
14.3.3. By End-user
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2023
15.1.2.1. By Design
15.1.2.2. By End-user
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2023
15.2.2.1. By Design
15.2.2.2. By End-user
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2023
15.3.2.1. By Design
15.3.2.2. By End-user
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2023
15.4.2.1. By Design
15.4.2.2. By End-user
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2023
15.5.2.1. By Design
15.5.2.2. By End-user
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2023
15.6.2.1. By Design
15.6.2.2. By End-user
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2023
15.7.2.1. By Design
15.7.2.2. By End-user
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2023
15.8.2.1. By Design
15.8.2.2. By End-user
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2023
15.9.2.1. By Design
15.9.2.2. By End-user
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2023
15.10.2.1. By Design
15.10.2.2. By End-user
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2023
15.11.2.1. By Design
15.11.2.2. By End-user
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2023
15.12.2.1. By Design
15.12.2.2. By End-user
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2023
15.13.2.1. By Design
15.13.2.2. By End-user
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2023
15.14.2.1. By Design
15.14.2.2. By End-user
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2023
15.15.2.1. By Design
15.15.2.2. By End-user
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2023
15.16.2.1. By Design
15.16.2.2. By End-user
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2023
15.17.2.1. By Design
15.17.2.2. By End-user
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2023
15.18.2.1. By Design
15.18.2.2. By End-user
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2023
15.19.2.1. By Design
15.19.2.2. By End-user
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2023
15.20.2.1. By Design
15.20.2.2. By End-user
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2023
15.21.2.1. By Design
15.21.2.2. By End-user
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2023
15.22.2.1. By Design
15.22.2.2. By End-user
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2023
15.23.2.1. By Design
15.23.2.2. By End-user
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Design
16.3.3. By End-user
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Synology Inc.
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. NETGEAR
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. Western Digital Corporation
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. QNAP Systems, Inc.
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. ASUSTOR Inc.
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. Buffalo Americas, Inc.
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. Thecus.COM
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. Zyxel
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Consumer Network Attached Storage Market
