Consumer NAS Market Definition
Globally growing demand for efficient data backup systems, speedy data transfer, and cost-effective storage systems are some of the key drivers for the consumer network attached storage market. The growth of the Consumer Network Attached Storage market is primarily driven due to the low cost of product and easy installation, along with network sharing of data, which enhances the userís accessibility of data among the in-house or office network. Innovative solution offerings such as cloud backup offerings which can be integrated with the consumer Network Attached Storage system further drive the demand for consumer network attached storage (NAS) market.
The market study is broken down by Type (Backup, Archiving, Disaster Recovery and Others) and major geographies with country level splits. and may see market size of USD8.2 Billion by 2025.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Consumer NAS market throughout the predicted period.
Dell Technologies (United States), NetApp, Inc. (United States), Seagate Technology (United States), Western Digital (United States), Netgear Inc (United States), Synology Inc (United States), Hewlett Packard Enterprise Development (United States), Buffalo Americas (United States) and Hitachi Data Systems Corporation (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Consumer NAS market by Type, Application and Region.
On the basis of geography, the market of Consumer NAS has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Design, the sub-segment i.e. 1-Bay will boost the Consumer NAS market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Consumer NAS market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing utilization of network-attached storage systems
- The increasing need for data storage, data management, and data sharing
- The growing popularity of network-attached storage to attain cost-effective solutions for data storage
- The increase in adoption of network-attached storage systems by small and medium enterprises
- Growth of the Internet of Things (IoT) and Big Data Market
- Government Initiatives of Increasing Digitization of Data
- Security of Data is A Concern When the Data are Stored in A Remote Place
- High Latency Involved in Connecting to Storage Devices
Key Target AudienceGovernment Regulatory Bodies, Private Research Organization, Government Research Organizations and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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