Consumer Network Attached Storage Market size was valued at USD 2.18 billion in 2016 and is anticipated to reach USD 8.20 billion by 2025. Global Consumer Network attached storage (NAS) market is expected to witness a significant increase in the market over the forecast period. Rapid growth in digital content is expected to drive the network attached storage market over the forecast period. NAS is a file storage device which enables sharing files either by software, hardware or through configuration between enterprise users.
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The key driving factors responsible for the growth of Consumer
Network Attached Storage market :
Increase in mobile devices market
combined with high internet usage is expected to drive the market growth since
file sharing is commonly used in several devices such as tablets, smart phones,
laptops and computers globally. Various files can be accessed through Mobile
devices when connected to the NAS appliances. It also provides high performance
storage anywhere from 500GB to 4TB and faster access to stored data. These
appliances can also be connected to printers at workplace or household.
Increasing demand for multiple
connections and multimedia streaming at households is expected to drive the
market growth. NAS compared to portable hard disks provide better efficiency
and can connect multiple computers to a router via Ethernet or wifi. For
example if a consumer wants to connect multiple devices like gaming system, a
huge music & entertainment system or a network security camera, to stream
out to variety of devices, NAS helps in sharing files among all these devices
without the need to connect to a computer since they are all connected through
a network. They can also manage torrent downloads even when the computer is
off.
NAS involves low maintenance
costs, are relatively easy to install and can also be operated remotely
increasing the convenient usage of the consumers. Once the NAS device is
connected to the network consumers can access the content through a web browser
or dedicated software. The devices can automatically record footage from
networked home security devices thereby increasing the safety and accessibility
through the smartphones. Compared to that of Direct attached storage (DAS) and
external hard drives these systems are expected to provide high efficiency and
performance storage.
Network attached storage uses
Linux operating system reducing the licensing cost of other operating systems.
The devices also support Network file system and common internet file system
and are compatible completely with MAC, windows and UNIX clients making it
globally functioning device. Reduced price of consumer Network attached
software is expected to increase the overall demand.
Lack of technical knowledge among
end users is restraining the market growth. The consumers cannot proceed
directly to back up data instead are expected to proceed only through an
installed operating system. Less awareness of the systems and specifications
owing to reduced number of consumers pose a threat to the market.
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