WW Consumer Grade NAS Equipment Market to Reach RMB 3.24 Billion by 2029

Published on February 5, 2024, this market research, Global Consumer Grade NAS Equipment Market Report 2023-2029, was written by QY Research Inc.

Global Consumer Grade NAS Equipment market size is projected to reach RMB 3.24 billion by 2029, at a CAGR of 45.0% during the forecast period.

NAS is dedicated file storage that enables multiple users and heterogeneous client devices to retrieve data from centralized disk capacity. Users on a LAN access the shared storage via a standard Ethernet connection.

NAS devices typically don’t have a keyboard or display and are configured and managed with a browser-based utility. Each NAS resides on the LAN as an independent network node, defined by its own unique IP address.

Global Consumer Grade NAS Equipment Market Size ($million), 2018-2029

The global key manufacturers of consumer grade NAS equipment include Synology, Qnap, etc. In 2022, the global top 3 players had a share approximately 55.0% in terms of revenue.

Consumer Grade NAS Equipment,Global Market Size, Split by Product Segment

In terms of product type, currently 4-bay is the largest segment, holding a share of 61.4%.

Consumer Grade NAS Equipment,Global Market Size, Split by Application Segment

In terms of product application, currently online sales is the largest segment, holding a share of 35.6%.

Consumer Grade NAS Equipment,Global Market Size, Split by Region

Market Drivers:

• industrial policy support
• technological innovation and development bring new impetus to the industry

Restraint:

• Intense market competition: Under the trend of global digitalization, developed countries such as USA, Japan, and South Korea have made strategic adjustments to the development of the information industry, taking the information industry as the driving force for their new round of economic growth, and have strengthened investment and layout in this field. In addition, more and more companies are entering the industry and market competition is becoming increasingly fierce.
• Raw material prices rise: In recent years, due to the impact of the country’s supply-side reform and the outbreak of the Covid-19 epidemic, the prices of raw materials such as wire rods, hardware, and chips in the upstream of the consumer electronics industry have generally risen. The increase in raw material prices will lead to an increase in the cost of consumer electronics products, which will lead to an increase in the price of consumer electronics products, which may weaken consumers’ demand for consumer electronics products and their desire to iterate and replace them, thereby affecting the further development of the industry market.