“Rising Preference for Multi-Bay NAS Configurations”
- The 4-bay segment held the largest market share in 2024, accounting for approximately 26.6% to 29.2% of the market, driven by its balance of storage capacity, scalability, and affordability. These systems are ideal for home users and small businesses needing robust data storage for media streaming, backups, and personal cloud solutions
- The 2-bay segment is projected to grow at the fastest CAGR from 2025 to 2032 due to its cost-effectiveness, compact design, and support for RAID configurations, appealing to home users and freelancers seeking reliable local storage over cloud alternatives
- Above 6-bay NAS systems are gaining traction among large enterprises due to their ability to handle data-intensive applications, such as video surveillance and large-scale backups, offering enhanced performance and redundancy
- Standalone NAS devices dominated with a 63.6% market share in 2024, favored for their plug-and-play functionality, making them ideal for residential users and small businesses. They are expected to maintain the fastest CAGR through 2032
- Increasing adoption of smart home ecosystems and IoT devices is driving demand for NAS systems with multimedia streaming capabilities, such as Plex and DLNA support, enhancing their role as centralized media hubs
- Modern NAS devices are incorporating AI-driven file organization and cloud sync features, improving user experience and efficiency for both residential and business applications.
