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Consumer, SOHO, SMB NAS market growing at 6.14% CAGR by 2021

Consumer, SOHO, and SMB network attached storage market will grow at a compound annual growth rate (CAGR) now through 2021, according to a new report from ReportsnReports ( Part of that is due to the increasing popularity of cloud-based NAS, a remote storage system that can be accessed over the Internet, adds the research group.

According to the ReportsnReports report, another driver in the market is raising demand for video surveillance systems. Smart home security is among the most demanding IoT applications from the consumer’s end point. Smart home security systems operate on the centralized control of the home gateway where the intelligence shifts onto the cloud network. Cloud-based services provide a more user-friendly system to end-users for controlling the security devices as part of the cloud-based system. Issues such as interoperability, updating of software and so on would all be taken care of by cloud services.

ReportsnReports says the following companies as the key players in the global consumer, SOHO, and SMB NAS market: Apple, Buffalo Americas, QNAP Systems, Synology, and Western Digital Corporation. Other prominent vendors in the market are: Dell, Drobo, Hewlett Packard Enterprise Development, NETGEAR, Seagate Technology, Thecus Technology, and Zyxel Communications.

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