Report Forecasts Impressive Growth by 2022 . The report on the global Consumer network attached storage (NAS) market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.
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According to the report, “Consumer Network Attached Storage (NAS) Market, by End-user (Home, Business), By Design (1-Bay, 2-Bays, 4-Bays, 5-Bays, 6-Bays, Above 6 Bays) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022”, the market for consumer network attached storage (NAS) is expected to grow at an impressive rate, due to the increased prevalence of diseases and the rising demand from around the world.
The application of Consumer Network Attached Storage (NAS) is increasing in the data storage capabilities and network sharing capabilities. Hence, the consumer NAS market is growing at a steady pace worldwide during the forecasted period.
Consumer NAS is a storage device that enables the user to connect with the personal or business network to access the stored file from the drive.
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The main advantage of consumer NAS is that the user need not connect to any external drive to access their files, they can do so by simply access by using their mobile devices or laptops. Advancements in technology offers high-quality data content and access to the stored data for enhance user experience.
KEY PREMIUM INDUSTRY INSIGHTS
- Growing economies are increasingly favoring the use of consumer NAS technology for data storage and access to quality data, which is promoting the growth of the consumer network attached storage market. The young generations today is more technology savvy and are accepting newer versions of software and systems.
- This is boosting the market growth. The rise in demand for surveillance is also contributing towards market growth. The increase in regulatory policies and rise in awareness of data security is driving the growth of consumer NAS market. Some of the major market driving factors include, efficient data backup systems, rapid data transfer, and cost-effective storage system.
- Due to these benefits, the small and medium-sized enterprises are incorporating consumer NAS increasing the scope for the market growth. More focus on information storage, data management and retrieval are paving way for a fast-paced market growth worldwide.
The consumer network attached storage market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The North America region holds the highest market share and is the largest revenue contributor for the consumer NAS market.
Presences of large technology companies are making high investments into research and development which is the main reason for a rapid market growth in the North America region. Europe region is witnessing a growth in the consumer NAS market due to rise in awareness of data storage and security.
Asia-Pacific market is also bound to increase during the forecasted period due to awareness among companies about the several benefits obtained from the consumer NAS market. In addition, the rise in standard of living and increase in the usage of computers and smart phones is contributing towards increase in market revenue generation.
KEY MARKET PLAYERS
Key players in the consumer network attached storage (NAS) market include:
- Western Digital Corporation
- Netgear Inc
- Synology Inc
- QNAP Systems, Inc
- ASUSTOR Inc.
- Buffalo America Inc
- ZyXEL Communications Inc.
- Thecus Technology Corporation
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