| Product Code: ETC7908417 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s consumer network attached storage import shipments in 2024 saw a diverse range of top exporting countries including Thailand, Netherlands, Czechia, Poland, and Italy. The market exhibited a low concentration level, with a decreasing trend in Herfindahl-Hirschman Index (HHI) from 2023 to 2024. Despite a negative compound annual growth rate (CAGR) of -12.66% from 2020 to 2024, there was a significant decline in growth rate from 2023 to 2024 at -23.11%. This data indicates a challenging market environment with fluctuating dynamics that importers and stakeholders in the consumer network attached storage industry need to navigate.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Consumer Network Attached Storage Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Consumer Network Attached Storage Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Consumer Network Attached Storage Market - Industry Life Cycle |
3.4 Latvia Consumer Network Attached Storage Market - Porter's Five Forces |
3.5 Latvia Consumer Network Attached Storage Market Revenues & Volume Share, By Design, 2021 & 2031F |
3.6 Latvia Consumer Network Attached Storage Market Revenues & Volume Share, By Mount Type, 2021 & 2031F |
3.7 Latvia Consumer Network Attached Storage Market Revenues & Volume Share, By Storage Type, 2021 & 2031F |
3.8 Latvia Consumer Network Attached Storage Market Revenues & Volume Share, By Storage Capacity, 2021 & 2031F |
3.9 Latvia Consumer Network Attached Storage Market Revenues & Volume Share, By Deployment, 2021 & 2031F |
3.10 Latvia Consumer Network Attached Storage Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Latvia Consumer Network Attached Storage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for data storage solutions due to the growing adoption of digitalization and IoT devices in households. |
4.2.2 Rising awareness about data security and privacy concerns among consumers, leading to a higher preference for personal network attached storage solutions. |
4.2.3 Technological advancements in network attached storage devices, such as improved data transfer speeds and enhanced storage capacity. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with setting up a consumer network attached storage system, limiting adoption among price-sensitive consumers. |
4.3.2 Limited awareness and understanding of the benefits of network attached storage solutions among the general population. |
4.3.3 Concerns regarding data security and reliability of consumer network attached storage devices, leading to hesitancy in adoption. |
5 Latvia Consumer Network Attached Storage Market Trends |
6 Latvia Consumer Network Attached Storage Market, By Types |
6.1 Latvia Consumer Network Attached Storage Market, By Design |
6.1.1 Overview and Analysis |
6.1.2 Latvia Consumer Network Attached Storage Market Revenues & Volume, By Design, 2021- 2031F |
6.1.3 Latvia Consumer Network Attached Storage Market Revenues & Volume, By 1-Bay, 2021- 2031F |
6.1.4 Latvia Consumer Network Attached Storage Market Revenues & Volume, By 2-Bays, 2021- 2031F |
6.1.5 Latvia Consumer Network Attached Storage Market Revenues & Volume, By 4-Bays, 2021- 2031F |
6.1.6 Latvia Consumer Network Attached Storage Market Revenues & Volume, By 5-Bays, 2021- 2031F |
6.1.7 Latvia Consumer Network Attached Storage Market Revenues & Volume, By 6-Bays, 2021- 2031F |
6.1.8 Latvia Consumer Network Attached Storage Market Revenues & Volume, By Above 6-Bays, 2021- 2031F |
6.2 Latvia Consumer Network Attached Storage Market, By Mount Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Consumer Network Attached Storage Market Revenues & Volume, By Standalone, 2021- 2031F |
6.2.3 Latvia Consumer Network Attached Storage Market Revenues & Volume, By Rackmount, 2021- 2031F |
6.3 Latvia Consumer Network Attached Storage Market, By Storage Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Consumer Network Attached Storage Market Revenues & Volume, By Hard Disk Drive (HDD), 2021- 2031F |
6.3.3 Latvia Consumer Network Attached Storage Market Revenues & Volume, By Flash Storage, 2021- 2031F |
6.3.4 Latvia Consumer Network Attached Storage Market Revenues & Volume, By Hybrid, 2021- 2031F |
6.4 Latvia Consumer Network Attached Storage Market, By Storage Capacity |
6.4.1 Overview and Analysis |
6.4.2 Latvia Consumer Network Attached Storage Market Revenues & Volume, By Less than 1 TB, 2021- 2031F |
6.4.3 Latvia Consumer Network Attached Storage Market Revenues & Volume, By 1 TB to 20 TB, 2021- 2031F |
6.4.4 Latvia Consumer Network Attached Storage Market Revenues & Volume, By More than 20 TB, 2021- 2031F |
6.5 Latvia Consumer Network Attached Storage Market, By Deployment |
6.5.1 Overview and Analysis |
6.5.2 Latvia Consumer Network Attached Storage Market Revenues & Volume, By On-Premise, 2021- 2031F |
6.5.3 Latvia Consumer Network Attached Storage Market Revenues & Volume, By Cloud/Remote, 2021- 2031F |
6.5.4 Latvia Consumer Network Attached Storage Market Revenues & Volume, By Hybrid, 2021- 2031F |
6.6 Latvia Consumer Network Attached Storage Market, By End-user |
6.6.1 Overview and Analysis |
6.6.2 Latvia Consumer Network Attached Storage Market Revenues & Volume, By Residential, 2021- 2031F |
6.6.3 Latvia Consumer Network Attached Storage Market Revenues & Volume, By Business, 2021- 2031F |
7 Latvia Consumer Network Attached Storage Market Import-Export Trade Statistics |
7.1 Latvia Consumer Network Attached Storage Market Export to Major Countries |
7.2 Latvia Consumer Network Attached Storage Market Imports from Major Countries |
8 Latvia Consumer Network Attached Storage Market Key Performance Indicators |
8.1 Average number of connected devices per household using network attached storage solutions. |
8.2 Percentage increase in data storage capacity per consumer over time. |
8.3 Average time spent by consumers managing and accessing data on their network attached storage systems. |
9 Latvia Consumer Network Attached Storage Market - Opportunity Assessment |
9.1 Latvia Consumer Network Attached Storage Market Opportunity Assessment, By Design, 2021 & 2031F |
9.2 Latvia Consumer Network Attached Storage Market Opportunity Assessment, By Mount Type, 2021 & 2031F |
9.3 Latvia Consumer Network Attached Storage Market Opportunity Assessment, By Storage Type, 2021 & 2031F |
9.4 Latvia Consumer Network Attached Storage Market Opportunity Assessment, By Storage Capacity, 2021 & 2031F |
9.5 Latvia Consumer Network Attached Storage Market Opportunity Assessment, By Deployment, 2021 & 2031F |
9.6 Latvia Consumer Network Attached Storage Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Latvia Consumer Network Attached Storage Market - Competitive Landscape |
10.1 Latvia Consumer Network Attached Storage Market Revenue Share, By Companies, 2024 |
10.2 Latvia Consumer Network Attached Storage Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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