Information Communications Media Technology Market News

Consumer network attached storage market to accumulate US$ 4 billion to 2024 explored in latest research

Consumer network attached storage market to accumulate US$ 4 billion to 2024 explored in latest research

The global consumer NAS market is presently valued a little over US$ 1,545 Mn, and will exhibit a healthy 11.6% CAGR during the forecast period.

- Advertisement -
- Membership expired -

Factors such as rising demand for speedy transference of bulk data, growing need for efficient data backup plans, and increasing implementation of cost-effective storage options have been identified as the key drivers for the global consumer network attached storage market. Make an Inquiry about this news Nevertheless, a steadfast adoption of consumer NAS systems across the globe is facing challenges such as competitive advantage of cloud-based storage services, and complex nature of expensive consumer network attached storage systems.

Browse Complete…ge-nas-market.asp Make an Inquiry about this news

The ineffectiveness of traditional storage solutions has paved way for adoption of advanced storage options, particularly to record crucial consumer-centric data. Handling greater volumes of data transference has also necessitated the need for enclosing such data storage systems within a network.

- Advertisement -
- Membership expired -
As opposed to single computer storage, individuals, as well as entrepreneurs, are growing more inclined towards setting network attached storage (NAS) servers. Remote access to such servers becomes more convenient for consumers, especially when improving operational efficiency and minimizing storage costs is a must.

Persistence Market Research’s recent study explores the opportunities for adoption of such consumer-based NAS systems, predicting that by the end of 2024, the global market for consumer network attached storage will be valued at US$ 4,088.7 Mn.   

 Request to view table of…ge-nas-market/toc Make an Inquiry about this news

Even though a majority of global consumer NAS revenues emanate from North America, the Middle East & Africa region is being perceived as highly lucrative. Adoption of consumer network attached storage systems is expected to be rapid in this region.

The MEA consumer NAS market is also being projected to exhibit the highest value CAGR – 14.2%. With North America at the forefront, the global consumer network attached storage market will also witness substantial growth across Europe and Latin America.

Meanwhile, the Asia-Pacific consumer network attached storage market will expand at 10.6% CAGR through 2024. 

A sample of this report is available upon request @ Make an Inquiry about this news 

Based on the report findings, the global market for consumer network attached storage will be showcasing a greater contribution from small & medium enterprises (SMEs). In 2017 and beyond, SMEs will remain as the largest end-users of consumer network attached storage systems in the world.

The demand for consumer NAS is also expected to remain substantial among residential end-uses, revenues from which are likely to reach US$ 1,315.2 Mn by 2024-end. Likewise, these end-users are actively adopting standalone consumer network attached storage system, as opposed to rackmount.

The design of consumer NAS will continue to play a pivotal role in growth of the global market. By the end of 2024, more than US$ 2,700 Mn worth of standalone consumer NAS systems will be sold in the world.

And, leading tech companies that will be catering to such surging global demands include, D-Link Corporation, NEC Corporation, Seagate Technology PLC, Netgear Inc., Western Digital Corporation, Synology Inc., EMC Corporation, ASUSTOR Inc., QNAP Systems, Inc., and Drobo Inc. 

News From

Persistence Market ResearchPersistence Market Research
Category: Market Research Publishers and RetailersCompany profile: Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intel ...

For more information:

Make an Inquiry about this report HERE!