The global consumer network attached storage market size
is expected to reach USD 8.20 billion by 2025, according to a new report by
Grand View Research, Inc. 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. Home
segment is one of the largest segment in 2016 and is expected to maintain a
high growth rate over the forecast period. The deployment of network attached
storage in small and medium businesses is expected to drive the Consumer NAS
industry.
The growth of 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
user’s 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 drives the demand for
consumer network attached storage (NAS) market. The increase in purchasing
power of individuals due to growth in disposable income is expected to by feul
the market growth. The modern-age population is becoming more tech savvy and
acceptable toward technologically advanced products that promote. Furthermore,
increase in the data such as movies, photos among the individuals which need to
be stored are some of the major factors driving the growth of the Consumer NAS
market.
2-Bays design are expected to observe
the fastest growth over the next nine years. It has been evident that the home
segment of consumer network attached storage devices will increase in U.S. and
Europe, which is expected to boost the market demand over the forecast period.
Browse full research report on Consumer Network Attached
Storage (NAS) Market: https://www.grandviewresearch.com/industry-analysis/consumer-network-attached-storage-nas-market
Further key findings from the report suggest:
- The
increasing need data storage, data management and data sharing is expected
to drive the global market demand of consumer NAS market
- Business
segment emerged as the largest end user segment in 2016 and is estimated
to grow by CAGR of 15.4% by 2025
- Global
Consumer NAS demand of 4-Bays design segment is expected to witness the
largest growth over the years.
- The
2-Bays in design segment is estimated to grow at a CAGR of 16.9% CAGR by
2025
- The
industry in Asia Pacific is projected to witness substantial growth over
the next decade owing to various developments across major economies. The
regional market is expected to grow at a CAGR of 18.8 % from 2016 to 2025
- Key
players including Western Digital Corporation, Netgear Inc, Synology Inc.,
QNAP Systems, Inc., Asustor Inc, Buffalo America Inc.,ZyXEL Communications
Inc, and Thecus Technology Corporation dominated the global Consumer NAS
market
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/consumer-network-attached-storage-nas-market/request/rs1
Grand View Research has segmented the global consumer Network
Attached Storage market on the basis of end-user, design and region:
End-user Outlook (Revenue, USD Million; 2014 - 2025)
- Home
- Business
Design Outlook (Revenue, USD Million; 2014 - 2025)
- 1-Bay
- 2-Bays
- 4-Bays
- 5-Bays
- 6-Bays
- Above
6 Bays
Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Asia
Pacific
- China
- India
- Japan
- South
America
- Brazil
- Rest
of South America
- Middle
East & Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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