Europe to lead CNS market from 2011
The consumer network storage (CNS) market will grow at a compound annual growth rate of nearly 40% between 2009 and 2014, according to a recent research by In-Stat. The CNS market is seeing continued growth, with home networking adoption passing 50% of households in North America and 13% worldwide.
This is again fostered by the demand for web-enabled consumer devices, such as TVs and Blu-ray players and applications for consumer network storage devices, according to market intelligence firm In-Stat.
Research showed that about 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.
The firm said Europe will become the leading CNS market, starting in 2011. North America was the largest CNS market in 2009.
In-Stat estimates that consumer network storage capacities up to 1.5 terabytes will peak in 2011, giving way to even higher capacities.
Norm Bogen, analyst at In-Stat, said: “Consumer network storage devices increase the content that can be stored and distributed via the home network. This increases the value of the entire home network to its users, as well as enabling new applications and capabilities.”