Latest News- Consumer Network Attached Storage (NAS) Market: On-premises is expected to lead the Deployment segment during 2025-2029

The Consumer Network Attached Storage (NAS) Market is being driven by Increasing need for video surveillance systems

The Consumer Network Attached Storage (NAS) Market is expected to grow at a CAGR of 15.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 47731.7 million. Hybrid storage arrays offer businesses the ability to select optimal deployment models for specific workloads and workgroups, providing significant advantages in data management, IT infrastructure management, and flexibility, as well as enhanced security and compliance. These arrays combine the use of flash drives and HDDs. Notable NAS systems support hybrid arrays. The integration of cloud services into business processes is a growing trend, enabling companies to gain a competitive edge through quantifiable benefits and seamless access to data and applications, thereby paving the way for true cloud capabilities. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • On-premises
  • Cloud
  • Hybrid
• End-user
  • Business
  • Home
• Type
  • Rack-mounted NAS
  • Standalone NAS
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing need for video surveillance systems
• Increase in number of smart connected devices
• Rising use of unified storage systems

However, the market also witnesses some limitations, which are as follows:

• Compatibility issues in NAS
• Presence of alternative storage systems
• Resistance to changes in existing business processes

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Market Scope in Consumer Network Attached Storage (NAS) Market Research Report

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Research Analysis Overview

Home users benefit from Consumer NAS, a centralized storage solution for managing digital files using Ethernet cable or Wi-Fi. With increasing data generation from mobile computing devices and personal computers (PCs), NAS devices offer expanded storage capacity. AI and 5G technology enhance functionality, enabling features like data backup, cloud backup, and real-time video surveillance. NAS devices support data sharing, remote access, and media streaming for smart devices. Security features ensure data protection. Flash storage and file management optimize performance. Enterprise desktops and enterprise applications also leverage NAS for centralized storage and backup solutions.

Market Research Overview

In the Consumer Network Attached Storage (NAS) market, businesses seek advanced technologies such as 5G, AI, and AR to enhance their data management solutions. Centralized control and cloud computing adoption are key trends, with cloud solutions and centralized storage providing backup systems for critical data. Suppliers of equipment and labor play a crucial role in the market, with long-term relationships and sophisticated inventory systems ensuring efficient operations. Data sourcing and collection are essential, with companies assessing various inputs, including audio files and metadata, for cost, coverage, and quality.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/