Europe Consumer Network Attached Storage Market To Reach $3.66 Billion By 2030

Europe Consumer Network Attached Storage Market Growth & Trends

The Europe consumer network attached storage market size is expected to reach USD 3.66 billion by 2030, registering a CAGR of 12.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. There is a growing demand for efficient data backup systems, speedy data transfer, and cost-effective storage systems which are some of the key drivers for the consumer network attached storage market. The business segment is one of the largest segment in 2016 and is expected to have a significant market share over the forecast period. The growth in deployment of network attached storage in small and medium businesses is expected to drive the European consumer NAS market.

The growth of consumer NAS market is primarily driven due to the low cost of the product and easy installation, along with easy sharing of data within the network, this enhances the user’s accessibility of data among the in-house or office network. Innovative solution offerings such as cloud backup offerings which can be integrated with the consumer NAS system further drive the demand for consumer NAS market. The increase in purchasing power of individuals due to growth in disposable income is expected to fuel the growth of the consumer NAS market over the forecast period. The emergence of e-commerce had created extensive opportunities for consumer NAS market. Individuals prefer consumer NAS over other storage systems as it enables them to not only store data but also share it with other users within the network without any interruption. Furthermore, increase in the high-quality data such as movies, photos which need to be stored efficiently is one of the major factors driving the growth of the European consumer NAS market.

4-bay design is expected to observe the fastest growth over the next nine years. Home segment of consumer NAS is expected to have significant growth in Europe, which is likely to boost the market demand over the forecast period.

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Europe Consumer Network Attached Storage Market Report Highlights

• The increasing need for data storage, data management, and data sharing is expected to drive the global market demand of consumer NAS market

• Europe consumer NAS demand of 4-bays design segment is expected to witness the largest growth over the years.

• The industry in the UK is projected to witness substantial growth over the next decade owing to a significant number of small and medium enterprises.

Europe Consumer Network Attached Storage Market Segmentation

Grand View Research has segmented the Europe consumer network attached storage market based on design, end use, and country:

Europe Consumer Network Attached Storage Design Outlook (Revenue, USD Million, 2018 - 2030)

• 1-Bay

• 2-Bays

• 4-Bays

• 5-Bays

• 6-Bays

• Above 6-Bays

Europe Consumer Network Attached Storage End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Residential

• Business

Europe Consumer Network Attached Storage Country Outlook (Revenue, USD Million, 2018 – 2030)

• Germany

• UK

List Of Key Players Europe Consumer Network Attached Storage Market

• ASUSTOR Inc.

• Buffalo Americas, Inc.

• NETGEAR

• QNAP Systems, Inc.

• Synology Inc.

• Thecus Technology Corporation

• Western Digital Corporation

• Zyxel Communications Inc.