What is Consumer NAS?
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 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 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 break-up. and may see market size of USD8.2 Billion by 2027.
Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Consumer NAS market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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.
Segmentation Overview
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 2021. 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.
Market Trend
- Increasing utilization of network-attached storage systems
- The increasing need for data storage, data management, and data sharing
Market Drivers
- 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
Opportunities
- Growth of the Internet of Things (IoT) and Big Data Market
- Government Initiatives of Increasing Digitization of Data
Restraints
- Security of Data is A Concern When the Data are Stored in A Remote Place
Challenges
- High Latency Involved in Connecting to Storage Devices
Key Target Audience
Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.