The Europe Consumer NAS market is expected to reach
USD 3.28 billion by 2025, according to a new report by Grand View Research, Inc.
There is a growing demand for efficient data backup systems, speedy data
transfer, and cost-effective storage systems which are some of the key drivers
for the consumer network attached storage market. The business
segment is one of the largest segment in 2016 and is expected to have a
significant market share over the forecast period. The growth in deployment of
network attached storage in small and medium businesses is expected to drive
the European consumer NAS market.
The growth of consumer NAS market is
primarily driven due to the low cost of the product and easy installation,
along with easy sharing of data within the network, this 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 NAS system further drive
the demand for consumer NAS market. The increase in purchasing power of
individuals due to growth in disposable income is expected to fuel the growth
of the consumer NAS market over the forecast period. The emergence of
e-commerce had created extensive opportunities for consumer NAS market.
Individuals prefer consumer NAS over other storage systems as it enables them
to not only store data but also share it with other users within the network
without any interruption. Furthermore, increase in the high-quality data such
as movies, photos which need to be stored efficiently is one of the major
factors driving the growth of the European consumer NAS market.
4-bay design is expected to observe
the fastest growth over the next nine years. Home segment of consumer NAS is
expected to have significant growth in Europe, which is likely to boost the
market demand over the forecast period.
Browse full research report on Europe Consumer Network
Attached Storage (NAS) Market: https://www.grandviewresearch.com/industry-analysis/europe-consumer-network-attached-storage-nas-market
Further key findings from the report suggest:
- The increasing need for 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 at CAGR of 16.0% by 2025
- Europe 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 17.5% CAGR by 2025
- The industry in the UK is projected to witness substantial
growth over the next decade owing to a significant number of small and
medium enterprises. The regional market is expected to grow at a CAGR of
15.0 % 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 which accounting for over 80% of the total
market in 2016
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/europe-consumer-network-attached-storage-nas-market/request/rs1
Grand View Research has segmented the Europe Consumer NAS market
by end-user, design, and region:
End-User Outlook (Revenue, USD Million; 2014 - 2025)
- Home
- Business
- Small
Enterprises
- Medium
Enterprises
- Large
Enterprises
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)
- Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Rest
of Europe
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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