Consumer Network Storage Market to Grow at CAGR of 40% Between 2009 and 2014

With home networking adoption passing 50% of households in North America and 13% worldwide, the consumer network storage market is seeing continued growth. Web-enabled consumer devices, such as TVs and Blu-ray players, are further diversifying the demand and applications for consumer network storage devices, reports In-Stat.

"Consumer network storage (CNS) devices increase the content that can be stored and distributed via the home network," says Norm Bogen, In-Stat analyst. "This increases the value of the entire home network to its users, as well as enabling new applications and capabilities."

Recent research by In-Stat found the following:

• The consumer network storage market will grow at a compound annual growth rate of nearly 40% between 2009 and 2014.
• 27% of North American consumers that own a network-capable video game console use the devices to watch video that is stored elsewhere on the home network.
• North America was the largest CNS market in 2009. Starting in 2011, Europe will become the leading CNS market.
• Consumer network storage capacities up to 1.5 terabytes will peak in 2011, giving way to even higher capacities.

The research, Global Consumer Network Storage Market (#IN1004648RC, $3,495 (US), covers the worldwide market for consumer network storage.