Consumer Network Attached Storage Market to accrue over $ 10 Bn by 2026

May 02, 2019

Global consumer network attached storage market is anticipated to reach USD 10.2 billion by 2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2017-2026.

According to the report, the global demand for consumer NAS is primarily driven by the rising demand for cost-efficient storage systems, speedy data transfer, and effective data backup systems. The demand is also promoted by factors such as low product cost and easy installation, together with network data sharing that enhances user’s accessibility to data, among the in-house or office network. Moreover, pioneering offerings like cloud backup, which can integrate with consumer network attached storage system, will enhance market size over the predicted timeline, cites the study.

Key highlights of the Consumer Network Attached Storage (NAS) Market report are enumerated below:

•    In terms of the end-user landscape, the global market is led by SMEs market segment on account of rising product awareness and cost-effectiveness.  

•    The report cites that the Asia Pacific regional segment is projected to witness the highest growth over the predicted period.

•    The Middle East & Africa market is predicted to observe notable growth during the estimated timeframe, owing to the increasing awareness amid people and their rising spending power.

•    North America regional segment is anticipated to lead the global market between 2017 to 2026, with the highest contributor being the U.S. As per the report, in the United States, the market is propelled by the existence of various startups in the nation, also the nation has emerged as a start-ups hub and leading location for major technology firms.

Based on the design, the worldwide consumer NAS market is split into 6-Bays, 5-Bays, 4-Bays, 2-Bays, 1-Bay, and 6-Bays & above. According to the findings of the report, the 4-Bays segment is leading the global market by design, nevertheless, the 2-Bay design segment is estimated to grow at the highest CAGR over the forecast timeframe.

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The study offers an elaborate rundown of the worldwide consumer NAS market drivers, restraints, and opportunities throughout the predicted duration, under the market dynamics section. The report also provides consumer NAS market PEST analysis of 2017, value chain analysis, industry trends, and competitive ranking analysis between 2017-2026.

The competitive spectrum of the consumer network attached storage market includes distinguished players like Seagate Technology Public Limited Company, D-Link Corporation, Drobo Inc., Buffalo America Inc., ZyXEL Communications Inc., QNAP Systems, Inc., ASUSTOR Inc., Synology Inc., Netgear Inc., and Western Digital Corporation. The report provides details about these industry giants in terms of company overview, financial propaganda, product benchmarking, and recent developments.

The study bifurcates the types of consumer NAS into rackmount and standalone consumer network attached storage segments. It also provides a precise summary of each type’s market share, market performance, overall contribution, market estimates, and predictions over the forecast duration.