By 2026, the Consumer Network Attached Storage (NAS) Market is expected to reach $10.2 billion



 NAS stands for Network Attached Storage, and it is a storage device that connects to a person or company network so that users may access files saved on the drive from mobile devices and PCs without having to plug it in externally. Innovative products such as high-quality data content and access to stored data from any computerized system or mobile device to a user or others are projected to improve the customer experience and boost demand for Consumer NAS.

The increase in disposable income has improved an individual's purchasing power, which is likely to boost the Consumer Network Attached Storage (NAS) Market. The people of the current day are getting increasingly technologically sophisticated and accepting of technologically advanced things. Furthermore, the growing requirement for surveillance is a crucial factor propelling the Consumer NAS market forward. The people of the current day are getting increasingly technologically sophisticated and accepting of technologically advanced things. Furthermore, the growing requirement for surveillance is a crucial factor propelling the Consumer NAS market forward.

A central processing unit (CPU), memory unit, and operating system make up a standard Consumer Network Attached Storage. It comes in a variety of configurations, including preinstalled drives, diskless NAS, and so on. It also provides a more advanced method of retrieving data without the use of a physical device.

Growing regulatory requirements to store and share data security within the enterprise have resulted in increased use of Consumer NAS as a result of the better level of security.

In 2016, the global consumer network attached storage market was valued at USD 2.18 billion, and the industry is predicted to grow significantly over the forecast period. Increases in data storage capacities and network sharing capabilities are projected to propel the Consumer NAS industry forward.

The global consumer Network Attached Storage market has been divided into two segments based on end-users: residential and business. Over the projection period, The business segment is expected to have a large market share. Due to the bulk of consumers using Consumer NAS as a backup system, video streaming device, and for home monitoring, the Home category comes in second. The implementation of network-attached storage in small and medium companies reduces the enterprise's ownership costs, which propels the Consumer Network Attached Storage (NAS) Market forward.

Server-based networking ecosystems are giving way to data-based networking ecosystems. The rise in data storage, administration, and retrieval have forced users to make storage decisions that are distinct from server considerations. As a result, in the projected period, it is expected to drive a change in consumer NAS demand.

Western Digital Corporation, Netgear Inc, Synology Inc., QNAP Systems, Inc., Asustor Inc, Buffalo America Inc., ZyXEL Communications Inc., and Thecus Technology Corporations are among the market's major players. Consumer NAS systems are becoming more popular among small and medium businesses since they provide features like easy data storage and backup options.

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