The growing demand for economical options for storage is one of the primary factors contributing to the growth of the global consumer and SMB NAS market.
Arizton’s recent market research report on the global consumer and SMB NAS market identifies Apple, Buffalo Technology, NETGEAR, QNAP Systems, Seagate, Synology, and Western Digital Corporation as the leading vendors that are likely to dominate the market during the forecast period. This research report provides detailed analysis of market segmentation 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, APAC, Latin America, and MEA).
The global consumer and SMB NAS market is anticipated to reach revenues of approximately $12 billion by 2023, growing at a CAGR of more than 9% during 2018-2023.
The global consumer and SMB NAS market is divided into three major segments that includes end-user, form factor, and geography.
Consumer segment to grow at a considerable CAGR in the global consumer SMB NAS market during forecast period
The global consumer and SMB NAS market by end-users is segmented into consumer, SOHO, SMBs, and SMEs. Consumer segment dominated a significant market share in 2017, growing at a CAGR of over 7% during the forecast period. The increasing number of announcement of new consumer range NAS appliances by several vendors at low costs will propel the growth of this segment in the global market. The declining ASP of 2-bay and 4-bay products is encouraging consumers to adopt these products in the global consumer and SMB NAS market. The end-users are procuring NAS appliance with high performance processors (4 core) and DRAM capacity of over 1 GB which is driving the demand for superior systems in the global consumer and SMB NAS market. For instance, WD 4TB My Cloud EX2 Ultra diskless appliance will cost around $155 and Synology 2-bay diskless appliance will cost around $180 and with 4 TB hard drive it cost around $300 in the global market. The growing demand for economical options for storage is one of the primary factors contributing to the growth of the global consumer and SMB NAS market.
6-Bay to 12-Bay Segment to grow the fastest in the global consumer SMB NAS market during forecast period
The form factor segment in the global consumer and SMB NAS market is classified into 1-Bay, 2-Bay, 4-Bay and 5-Bay, and 6-Bay to 12-Bay. 6-Bay to 12-Bay occupied a considerable market share in 2017, growing at a CAGR of around 16% during forecast period. The increasing availability of diskless systems that can equip up to to 12 HDD of capacity ranging from 750 Gb to 12 TB HDD, with total capacity of up to 144 TB, with 12, 12TB HDDs will propel the growth of this segment in the global consumer and SMB NAS market. Companies such as Synology, NETGEAR, and QNAP are the leading vendors operating in this segment in the global market. 6-Bay to 12 Bay systems are designed to offer high performance support for operations such as virtualization, real time disaster recovery, and multiple SSD cache ports for IO accelerations. Furthermore, organizations such as Dell Technologies are also involved in offering small business NAS appliances with at least 1 TB of storage capacity at a cost of less than $8,000. These initiatives will augment the demand in this segment in the global consumer and SMB NAS market.
APAC to grow at a significant CAGR in the global consumer SMB NAS market during forecast period
The global consumer and SMB NAS market by geography is classified into North America, Europe, APAC, Latin America, and MEA. APAC dominated a portion of the market share in 2017, growing at a CAGR of more than 10% during the forecast period. The growing awareness about NAS storage across countries such as China, Japan, Singapore, Taiwan and Australia will result in the evolution of the APAC region in the global market. SOHO, SMB and SMEs are the largest end-users in the APAC market. The vendors have high opportunities of 2-bay and 4-bay among SMBs and SMEs for use in the enterprise office environment to share files among the users in the APAC consumer and SMB NAS market. The exponential growth of business data, the need to store data, and affordability of these devices and rising number of self-employment opportunities is propelling the need for advanced storage applications in the APAC consumer and SMB market. The adoption of home automation and smart home appliance across China will have a positive impact on the overall development of the market in this region.
The other prominent players operating in the consumer and SMB NAS market are Asustor, Dell Technologies, D-Link, Drobo, FreeNAS, Infortrend Technology, Promise Technology, Thecus Technology, Toshiba, and ZYXEL Communications.
The complete overview of the latest market research report on global consumer and SMB NAS market by Arizton is now available.
The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.
Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Jun 25, 2021
What are the Factors Impacting the Growth of the Global Smart Coatings Market?
Sherwin-Williams, AkzoNobel, PPG Industries, 3M, and Axalta Coating Systems are the major players an...
Jun 25, 2021
Is Cloud Based Service the Big Thing in the Data Center Market in US?
South East is the developed data center market in US. Recently, more than 35 data centers were devel...
Jun 24, 2021
Digital Health Technologies are on the Rise During the COVID-19 Pandemic – Arizton
The search volume for COVID-19 related healthcare products has increased by 200% during the pandemic...