Consumer Network Attached Storage Market 2019
Description: –
This report analyses the current status of the global consumer Network Attached Storage (NAS) market, outlines the key market drivers and the bases for market segmentation and studies the trends of this market till 2026.
The global market for consumer Network Attached Storage (NAS) is expected to reach USD 10.2 billion by 2026. The main reasons for the demand for consumer network attached storage include a growing need for cost-effective storage systems, efficient data backup facilities, and high-speed data transfer. Furthermore, this market is also witnessing rapid growth due to the product’s simple installation and low-cost coupled with an improved access to data at any time from the office or an in-house network.
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Key Players
Some of the key players operating in the consumer network attached storage market are Western Digital Corporation, Netgear Inc., Synology Inc., ASUSTOR Inc., QNAP Systems, Inc., ZyXEL Communications Inc., Buffalo America Inc., Drobo Inc., D-Link Corporation, and Seagate Technology Public Limited Company among others.
The advancement in information technology is also seeing the advent of newer offerings such as cloud-based backup systems that are integrated with the consumer network attached storage system, thereby further fuelling the growth of this market.
Segmentation:
The global consumer Network Attached Storage (NAS) market is segmented on the basis of design, the end user, and geographical region.
According to design, this market can be divided into:
1-Bay
2-Bays
4-Bays
5-Bays
6-Bays
6-Bays and above
The 4-Bays segment is currently dominating the market share; however, the 2-Bay segment is expected to grow at the highest Common Annual Growth Rate (CAGR) during the forecast period.
Based on the end user, the global consumer Network Attached Storage (NAS) market is divided into:
Residential
Large Enterprises
Small and Medium Enterprises
In terms of revenue, the small and medium enterprises segment is expected to be the most lucrative segment in the consumer Network Attached Storage (NAS) market during the forecast period, while the residential segment is predicted to register the fastest growth at a CAGR of 13% till 2024.
Regional Analysis:
North America, Europe, Asia-Pacific, South America, and Middle East and Africa are the major regions for the consumer Network Attached Storage (NAS) market across the world.
North America holds the largest market share in terms of revenue, with the small and medium enterprises segment being the most attractive segment in this region, as well as the residential segment witnessing a high rate of growth during the forecast period. In Latin America, the SME segment is expected to register high growth rates throughout the forecast period while the residential segment is anticipated to hold a substantial market share by the end of 2024. In the Asia-Pacific region, the residential segment is expected to register high growth rates throughout the forecast period, while the small and medium enterprises segment is expected to occupy more than 60% of the Asia Pacific market share.
Industry News:
In January 2019, Microsoft announced the acquisition of Avere Systems, a leading provider of storage systems for Linux and Windows clients. As a part of the deal, Microsoft will extend its flash storage facility to Avere’s clients, using its cloud strategy.
Taiwan-based Synology announced the availability of its new 18-series products in India. These 18-series NAS products are designed for individual and home users, and offer personal cloud storage, as well as provide data backup, file streaming, photo management, file sharing and a host of other features.
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Some Of Major Key Points Included In This Report :
- Overview and Scope
- Executive Summary
- Consumer NAS Market Insights
- Consumer NAS Market Size and Forecast by Design
- Consumer NAS Market Size and Forecast by Type
- Consumer NAS Market Size and Forecast by End-user
- Consumer NAS Market Size and Forecast by Regions
- Company Profiles
Continued….
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