Get actionable insights on how COVID-19 is impacting your business sector.Enquire now
CONSUMER AND SMB NAS MARKET SIZE TO REACH $12 BILLION BY 2018, GROWING AT A CAGR OF 9% DURING 2018-2023.
Consumer and SMB NAS Market size, share, trends, analysis report by end-user (consumer, SOHO, SMBs, and SMEs), by form factor (1-Bay, 2-Bay, 4-Bay and 5-Bay, and 6-Bay to 12-Bay), and by geography (North America, Europe, Asia Pacific, Latin America, Middle East Africa), Industry Analysis Report, Regional Outlook, Growth Trends, Competitive Landscape, & Forecast, 2018–2023
The report also includes market size in terms of shipment units across various form factors during the forecast period.
GLOBAL CONSUMER AND SMB NAS MARKET REPORT SCOPE
|MARKET SIZE (REVENUE)||
Revenue (2023): $12 Billion
Compound Annual Growth Rate (CAGR): Over 9%
North America, Europe, APAC, Latin America, and Middle East & Africa
US, UK, China, Japan
CONSUMER AND SMB NAS MARKET OVERVIEW
The global consumer and SMB NAS market size is estimated to reach values of around $12 billion by 2018, growing at a CAGR of more than 9% during 2018-2023. The report also includes market size in terms of shipment units across various form factors during the forecast period. Businesses were looking for safe and secure transfer of file-level data which led to the introduction of network attached storage over two decades ago. The growing need for end-users to store huge amount of data at a reduced cost compared to cloud-based storage is propelling the consumer and SMB NAS market growth. These innovative services provide remote access to data storage through internet or LAN connectivity at home and help small-scale business to access information at marginal costs in the global consumer NAS market. The vendors are offering multiple features with modern appliances that simplify user interaction with these devices at an affordable cost with higher reliability and security. The launch of such solutions will augment the development of the global storage industry. The network attached storage drive vendors are focusing on innovation to improve the capacity of HDD and increase the usage of solid state drive (SSDs) for accelerated performance in various appliances. The companies are offering these advanced products through retail channels with diskless systems at an affordable cost that ranges based on form factors i.e., 1-bay to 12-bay to gain a larger consumer NAS market share. Each bay in these systems will accommodate one HDD of up to 12 TB. The reduced cost of these drives is expected to enable vendors to offer affordable solutions for end-users in the consumer and SMB NAS market.
The proliferation of internet connectivity is resulting in the use of various devices such as mobile phones, laptops, and desktop thereby, leading the growth of both personal and business data across end-user segments. The introduction of new devices that enable user-friendly storing, accessing, and sharing of files among end-users at an affordable cost will boost the demand for these appliances.
CONSUMER AND SMB NAS MARKET DYNAMICS
The continuous innovations towards internet of things (IoT) by home appliance manufactures and the adoption of smart home and home automation applications will augment the growth of the global consumer and SMB NAS market. The consumers are leveraging smartphones and voice assistant devices to remotely control smart appliances such as fridge, air condition, and washing machine, thermostat, bulbs, and security solutions in the global consumer NAS market. The leading vendors are integrating the smart appliances with network attached storage and controlling the operations of devices such as security cameras via remote access provided by the network attached storage appliances. The leading manufacturers are launching hybrid solutions that include the use of network attached storage for video surveillance storage and cloud-based storage for storing appliance operational data in the smart home environment. The integration of such devices will encourage vendors to introduce cost-effective solutions in the global consumer and SMB NAS market.
CONSUMER AND SMB NAS MARKET SHARE & SEGMENTATION
This research report includes a detailed segmentation by end-users, by form factors, and by geography.
INSIGHTS BY END-USERS
Adoption of the medium and low-end system by the SMB end-users will boost sales in the global consumer and SMB NAS market
The consumer and SMB NAS market share by end-users is segmented into consumer, SOHO, SMBs, and SMEs. SMBs dominated the majority of the industry share in 2017, growing at a CAGR of around 12% during the forecast period. The increasing adoption of the medium and high-end system of 4-bay and 5-bay form factors is propelling the growth of this segment. The integration of multiple 10 GbE ports and introduction of 25 GbE and 50 GbE ports in the rackmount appliances will boost the adoption of these systems in the global industry. The average costs of 4-bay rackmount diskless systems cost around $600 to $800, with the addition of two 10 TB hard drives at an overall CAPEX of around $1,400 in the global consumer NAS market. The rising data storage requirements for businesses, high cost in use of cloud-based storage platforms, development of smart workplace, and increasing awareness towards availability of cheaper and efficient alternative to cloud storage will increase the adoption of these applications among SMBs.
INSIGHTS BY FORM FACTORS
High capacity HDD ranging from 750 Gb to 12 TB to transform the global consumer and SMB NAS market
5-Bay occupied the largest consumer NAS market share in 2017, growing at a CAGR of approximately 8% during the forecast period. The introduction of 4-Bay and 5-Bay diskless systems equipped with up to 5 HDD of capacity ranging from 750 Gb to 12 TB for each HDD, can provide a total capacity of up to 60 TB, through five 12TB HDDs is propelling the growth of this segment. The extensive use of these form factors to store and share files such as video, photo, audio and others at home and small office environment by consumers, SOHO and SMB end-users will boost the demand for these products. It is estimated that almost all 4-bay and 5-bay systems will be able to support SSD cache by 2020. The minimum DRAM capacity ideal for optimal performance of these drives is 2 GB, where there are also rackmount 4-bay appliances powered by 8 GB of DDR3 or DDR4 memory. The growing demand for these systems by professional small office users will result in the growth of this segment.
INSIGHTS BY GEOGRAPHY
Deployment of the new data center in Canada to propel the development of the global consumer and SMB NAS market
The global consumer and SMB NAS market share by geography is divided into North America, Europe, APAC, Latin America, and MEA. North America controlled almost half of the industry share in 2017, growing at a CAGR of over 8% during the forecast period. The presence of multiple SMEs who are colocating spaces in the data center and are focusing procuring infrastructure within their budget to strengthen every aspect of their business operations will augment the growth in North America. The US and Canada are the largest revenues generators in the North America consumer and SMB network attached storage market. The increasing investment in video analytics and installation of high-resolution cameras is propelling the demand for these applications in the North American region. The growing storage need for personal data, home automation, and video surveillance data by end-users in North America will boost the adoption of network attached storage.
KEY VENDOR ANALYSIS
The continuous innovations by vendors in the global consumer and SMB NAS market is resulting in a larger portfolio of systems available to end-users. The key players are offering solutions designed to meet requirements of consumers to share files, stream media, use remote access, and for data backup in the global consumer NAS market. The increasing focus on continuous innovation and variety of solutions targeting every storage need is intensifying the competition in the global consumer and SMB NAS market. The launch of products with the superior internal configuration such as latest processors and DRAM technology along with support for multiple virtual machines and SSD cache in network attached storage will help vendors gain a larger share during the forecast period.
The consumer and SMB NAS market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:
Segmentation by Form Factors
- 4-Bay and 5-Bay
- 6-Bay to 12-Bay
- North America
- Asia Pacific
- Latin America
KEY QUESTIONS ANSWERED:
- What are the emerging factors driving the Consumer and SMB NAS market growth?
- Which segment will contribute the largest revenue to the consumer and SMB NAS market share?
- What is the anticipated valuation of global consumer NAS market Size?
- Which Form type will occupy the largest consumer NAS market share?
- Who are the leading players and what are their strategies to gain a competitive advantage over the industry?
FILL IN YOUR DETAILS BELOW TO GET FREE SAMPLE OF THIS REPORT
Our reports have been used by over 10K customers, including:
CEO, Co-founder Audink Inc., DBA Audios
The report by Arizton was spot on. It not only gave us insight into the pro audio market, we used it to raise funds for our company. The data proved (to the VC we pitched to) that the market was large enough for our company to not only survive but also grow.
Senior Product Manager Interstates
I recently purchased a key Arizton Industry Outlook & Forecast in order to better understand growth for specific market segments and the macro environmental factors impacting this growth. I found Arizton’s coverage of the market dynamics and key takeaways to be insightful and valuable. The segmentation breakouts gave me the information I needed to guide strategic considerations.
Manager Market Analyst Power
Generation & Energy Rolls-Royce Power Systems AG
The provided information by Arizton really met my expectations. Especially the deep information about the datacenter ecosystem was very helpful. Furthermore, I absolutely appreciate the optimal service from the key account managers of Arizton. It was always a pleasure working with them.