Global Consumer, SOHO, and SMB NAS Market 2017-2021

Global consumer, SOHO, and SMB NAS market overview

Market research analysts at Technavio predict that the global consumer, small and home office (SOHO), and small and medium-sized businesses (SMB) network-attached storage (NAS) market will grow steadily at a CAGR of over 6% by 2021. This market research analysis identifies the rising demand for video surveillance systems as one of the primary growth factors for this market. Many individual consumers install surveillance cameras both inside and outside their residences to enhance their physical security. The use of NAS devices needed for storing and processing these video surveillance camera feeds become necessities because 24/7 feeds are difficult to store and process using a direct-attached storage (DAS) appliance.

The increase in the adoption of NAS devices as media servers is one of the latest trends that will gain traction in the consumer, SOHO, and SMB NAS market in the coming years. NAS appliances can be used to backup connected devices and store media libraries. Additionally, it has also been noted that these devices can also remotely access and stream files on any networked device at home.

Competitive landscape and key vendors