Industry Background:
Consumer Network Attached Storage works on the same principles as network-attached storage, in which a computer storage server connects to a computer network and acts as a file server, distributing files and data to various sections of the network. Personal devices or home devices, such as personal computers, Blu-ray or DVD players, media players, and/or elements of home theatre systems, are the network's end points in a consumer network-attached storage configuration. A consumer network-attached storage system can also be used to store Internet downloads, connect to the Internet, and provide video-on-demand services. Geographically, North America is the most dominant market of consumer network attached storage.
Attributes | Details |
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Study Period | 2015-2027 |
Base Year | 2019 |
Unit | Value (USD Million) |
Key Companies Profiled | Seagate Technology Holdings Plc (United Kingdom), NEC Corporation (Japan), D-Link Corporation (Taiwan), Dell EMC (United States), Western Digital Corporation, ASUSTOR Inc. (Taiwan), Netgear, Inc. (United States), Synology Inc. (Taiwan), QNAP Systems, Inc. (Taiwan) and Drobo (United States) |
According to AMA, the market for Consumer Network Attached Storage is expected to register a CAGR of 16.9% during the forecast period to 2027. This growth is primarily driven by Growth of Media and Entertainment Industry and Increasing Demand from Small and Medium Enterprises.
Globally, a noticeable market trend is evident Standalone CNAS Accounts for Largest Market Share. The Business Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Seagate Technology Holdings Plc (United Kingdom), NEC Corporation (Japan), D-Link Corporation (Taiwan), Dell EMC (United States), Western Digital Corporation, ASUSTOR Inc. (Taiwan), Netgear, Inc. (United States), Synology Inc. (Taiwan), QNAP Systems, Inc. (Taiwan) and Drobo (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2019, Western Digital Corporation, a United States based data storage and computer hard-disk manufacturers has announced acquisition of Kazan Networks, a leading developer of NVMe-oF technologies. The technology developed by Kazan allows for maximum use of flash storage capacity. The acquisition deal of Kazan would enable Western Digital to accelerate the advancement of new, CDI-ready NVMe-oF platforms.
Market Drivers
- Growth of Media and Entertainment Industry
- Increasing Demand from Small and Medium Enterprises
Market Trend
- Standalone CNAS Accounts for Largest Market Share
Restraints
- Less Awareness about the Benefits of the Product
Opportunities
Developing Countries Present Huge Opportunity to Grow
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Consumer Network Attached Storage Study Sheds Light on
The Consumer Network Attached Storage Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Consumer Network Attached Storage industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Consumer Network Attached Storage industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.