Consumer network attached storage market - PowerPoint PPT Presentation

About This Presentation

Consumer network attached storage market


Read here the latest Market Insights on “Consumer network attached storage market” published by CMI research team. – PowerPoint PPT presentation

Number of Views:67


Transcript and Presenter's Notes

Title: Consumer network attached storage market

Coherent market insightsMarket Research and
Business Consulting Services
Market Overview
  • Network-attached storage (NAS) is computer data
    storage connected to a computer network, in order
    to provide data access to diverse group of
    clients. NAS facilitates consumers to share media
    files between several computers and portable
    entertainment devices. NAS typically servers
    files by its software, hardware or configuration.
    Consumers around the globe are implementing
    network attached storage (NAS) that can help
    businesses and consumers to attain operational
    efficiencies and minimize the cost of storage.
    All these objectives can be achieved with network
    attached storage (NAS).

  • The Global Consumer Network Attached Storage
    (NAS) Market, by End-User (Residential, Small
    Medium Enterprises and Large Enterprises), By
    Design (Rackmount and Standalone) and by
    Geography (North America, Europe, Asia Pacific,
    and Latin America, Middle East Africa) - Global
    Forecast to 2027, is expected grow at a CAGR of
    9.5 during the forecast period (2019-2027), as
    highlighted in a report published by Coherent
    Market Insights.

Market Dynamics- Drivers
  • Incapability of conventional storage facilities
    to handle a large amount of data is expected to
    drive growth of the global consumer network
    attached storage (NAS) market during the forecast
  • The conventional modes of storage of critical
    information and data have become inefficient for
    current demands. Moreover, fast access to vast
    amounts of data is another major challenge in
    this scenario. Conventional small computer
    systems interface (SCSI) technology utilizes
    parallel cabling, which reduces speed, distance,
    and limits the number of attached storage
    devices. Furthermore, there has been a
    significant shift from server-centric to
    data-centric models, thus efficient access to
    shared data resources has become essential.
    Rising growth of information that requires
    storage, management, maintenance, and retrieval
    has compelled consumers to make storage decisions
    separate from server decisions. Hence, these
    factors are expected to drive the market growth
    over the forecast period.

  • Growing demand for efficient and easy backup
    operations is expected to propel the global
    consumer network attached storage (NAS) market
    over the forecast period
  • Incorporation of high performance backup and
    restore capability and device sharing, numerous
    issues regarding performance have been improved.
    These issues are namely extended downtime
    periods, shrinking backup windows, and
    performance degradation. However, increase in
    backup operation competence with server-less
    backup offered by NAS architecture is expected to
    propel the global consumer network attached
    storage (NAS) market growth over the forecast

  • The North America market for global Consumer
    Network Attached Storage (NAS) market is
    estimated to account for 30.3 share in terms of
    value in 2019.

Market Dynamics- Restraints
  • Growing adoption of cloud-based storage devices
    is various emerging economies is expected to
    restrain growth of the global consumer network
    attached storage (NAS) market over the forecast
  • Previously, servers for storage purposes were
    procured at different IT infrastructure
    components by different groups within the IT
    department and under different parts of the IT
    budget. However, incorporation of cloud-based
    services has changed the overall approach.
    Furthermore, adoption of virtualization technique
    in storage and server has resulted in significant
    shift in procurement and deployment of data
    center infrastructure. E Enterprises are shifting
    from purchasing separate network attached storage
    systems and adopting cloud storage for
    noncritical data. These factors are expected to
    hinder the market growth in the near future.

  • High cost and complexity related to NAS are
    expected to hinder the global consumer network
    attached storage (NAS) market growth over the
    forecast period
  • Although NAS provides highly sophisticated
    services, it is relatively expensive and
    complicated proprietary at the same time. NAS
    systems are considered to be virtually
    failure-proof though major performance failures
    and outages in the cloud in the recent past have
    been related to failures of significant
    degradation or NAS in system performance.
    Moreover, high cost and complicated nature of NAS
    is compelling end user to shift towards cloud for
    high-performance and reliable storage. This, in
    turn, is expected to hamper the market growth
    over the forecast period.
  • .

Market Opportunities
  • Growing adoption of NAS systems in small- and
    mid-sized enterprises (SME) is major market
  • Increasing use of network attached storage system
    by small- and mid-sized enterprises is expected
    to present lucrative growth opportunity for
    market players. The adoption of NAS in small- and
    mid-sized enterprises is supported by various
    benefits offered NAS such as shared storage,
    flexibility to share capacity between numerous
    hosts, and centralized control. This has
    compelled NAS vendors to constantly focus on
    easy-to-use and cost-effective products for SMEs.
    This, in turn, is expected to offer significant
    growth opportunity for market players.

  • High growth of Internet of Things (IoT) and big
    data market is expected to provide excellent
    business opportunity
  • Integration of Internet of Things and big has
    increased the adoption of NAS system. Big data
    offers systematical and analytical information
    from complex data sets. Moreover, IoT provides
    interrelated computing devices, which in turn, is
    boost the adoption of NAS in various end-use
    industries. Hence, integration of IoT and big
    data are presenting lucrative business
    opportunities for market players.

  • Tie-ups with e-commerce companies are expected to
    offer significant business opportunity

Market Trends
  • Penetration of e-commerce websites is increasing
    adoption of NAS
  • Growing adoption of online channels among
    consumers, has increased penetration of
    e-commerce websites in the recent past. These
    e-commerce applications are highly
    resource-intensive due to the type of requests
    that are processed simultaneously per second.
    Thousands of customers visit, place orders, and
    pay, per second, and all this information is
    required to be stored in the database for later
    retrieval. Furthermore, NASs are being used for
    their high-performance and fast I/O
    characteristics, in order to store information
    about high traffic databases.

  • Advent of unified storage systems is another
    major trend in the market
  • Advent and adoption of hybrid NAS-SAN solutions
    has become a major trend in the market. These
    solutions facilitate enterprises to merge
    file-based and block data on a common way.
    Unified storage systems support file, along with
    block-based protocols such as FC and NFS, and HDD
    and flash-based storage drives. Architecture of
    unified storage systems is relatively more
    complicated as compared to individual
    implementations though it is expected to be more
    simplified in the near future, in order to meet
    increasing demand from enterprises. These
    developments are expected to reduce the
    dependency of enterprises on a single
    architecture for their dynamic requirements.

Segment Information
  • In Global Consumer Network Attached Storage (NAS)
    Market, by design segment, the standalone
    sub-segment dominated the global market in 2019,
    accounting for 62.9 share in terms of value,
    followed by Racmount...

Value Chain Analysis
Competitive Section
  • Key companies operating in the global consumer
    network attached storage (NAS) market are D-Link
    Corporation, Seagate Technology Public Limited
    Company, Synology Inc., Netgear, Inc., Drobo
    Inc., Western Digital Corporation, QNAP Systems,
    Inc., NEC Corporation, ASUSTOR Inc., and EMC

Key Developments
  • Key companies in the market are focused on
    partnerships and collaborations, in order to gain
    competitive edge in the market. For instance, in
    January 2017, QNAP Systems Inc. partnered with
    IFTTT, thereby releasing IFTTT agent for QNAP
    NAS, which allows users to create NAS specific
    applets that enable automation and also enhances
    efficiency of its products.
  • Key companies in the market are involved in
    product launches, in order to enhance their
    product portfolio. For instance, in January 2017,
    Synology Inc. launched various NAS products such
    as RackStation RS18017xs and RS4017xs in order
    to enhance its product offerings and expand
    customer base. These products offer features such
    as faster data processing speeds and flexible

  • Request Sample Report
  • Request Customization
  • Download PDF Brochure
  • Talk to Analyst
  • https//

About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
  • What we provide
  • Customized Market Research Services
  • Industry Analysis Services
  • Business Consulting Services
  • Market Intelligence Services
  • Long term Engagement Model
  • Country Specific Analysis

  • Thank You!
  • Kindly follow CMI Social Media
    Profiles for the latest company updates
  • Face book
  • LinkedIn
  • Twitter
  • https//
Write a Comment
User Comments (0)