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Global $12 Billion Consumer NAS and SMB NAS Market 2017-2018 & 2023: Growing Demand for Efficient, Reliable and Affordable Solutions to Store the DataDUBLIN, Jan. 7, 2019 /PRNewswire/ -- The "Consumer NAS and SMB NAS Market - Global Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering. The global consumer and SMB NAS market size is expected to reach values of approximately $12 billion by 2023, growing at a CAGR of more than 9% 2018-2023. The global consumer and SMB NAS market is driven by the growing demand for efficient, reliable and affordable solutions to store the data. The introduction of enhancing systems that enable remote access to the file, secure storage to data, multimedia streaming, storing of video surveillance footages and more will propel the evolution of the global market. Consumer and SMB NAS Market - Overview Businesses were looking for safe and secure transfer of file-level data which led to the introduction of network attached storage (NAS) over two decades ago in the global market. The growing need for end-users to store huge amount of data at a reduced cost compared to cloud-based storage is propelling the growth of the consumer and SMB NAS market. 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 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 consumer and SMB NAS market by end-users is segmented into consumer, SOHO, SMBs, and SMEs. SMBs dominated the majority of the market 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 in the global market. 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 market. 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 market. With 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 in the global market. Consumer and SMB NAS Market - By Form Factors High capacity HDD ranging from 750 Gb to 12 TB to transform the global consumer and SMB NAS market. 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. 4-Bay and 5-Bay occupied the largest 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 in the global market. 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 in the market. It is estimated that almost all 4-bay and 5-bay systems will be able to support SSD cache by 2020 in the market. 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 in the global consumer and SMB NAS market. Consumer and SMB NAS Market - 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 by geography is divided into North America, Europe, APAC, Latin America, and MEA. North America controlled almost half of the market share in 2017, growing at a CAGR of over 8% during the forecast period. The presence of multiple SMEs who are collocating 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 of the market in North America. The US and Canada are the largest revenues generators in the North America consumer and SMB NAS market. The increasing investment in video analytics and installation of high-resolution cameras is propelling the demand for these applications in the North American market. 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 in the market. Key Countries Profiled The key countries profiled in the report are:
Key Vendor Analysis
Other prominent vendors include:
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