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Consumer Network Attached Storage Market (End User - BFSI, Telecommunications & ITES, Healthcare, E-commerce Industry, and Manufacturing; Design - 1-bay, 2-bays, 3-bays, 4-bays, 5-bays, 6-bays, and above 6 Bays): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

Consumer Network Attached Storage Market (End User - BFSI, Telecommunications & ITES, Healthcare, E-commerce Industry, and Manufacturing; Design - 1-bay, 2-bays, 3-bays, 4-bays, 5-bays, 6-bays, and above 6 Bays): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

Report Code: ICT0092 Category: Electronics, ICT and Semiconductors Published: June, 2022

A recent report published by Infinium Global Research on the consumer network attached storage market provides an in-depth analysis of segments and sub-segments in the global as well as regional consumer network attached storage market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional consumer network attached storage market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global consumer network attached storage market. According to the report, the global consumer network attached storage market is projected to grow at an over CAGR of 15% over the forecast period of 2022-2028. 

Market Insight

The global consumer network attached storage market was valued at USD 3400 Million in 2022 and is expected to reach USD 8000 Million in 2028, with a CAGR of over 15% during the forecast period. A consumer network attached storage denotes a storage device that is connected to the system for recovery of data from the main position to the computer systems. It is majorly used to facilitate home theater arrangements globally. The NAS is also called a file server with secluded access to several personal computers and systems. With a momentous growth in the shift to data-centric simulations, the worldwide consumer network attached storage market growth is enhanced. Besides this, rising security concerns increased modernization, and the evolving trend of connected smart organizations are the major factors expected to propel the growth of the market during the forecast period. 


Consumer Network Attached Storage Market


The incompetence of traditional storage facilities to manage high data is projected to fuel the growth of the worldwide consumer network attached storage market within the forecast period. The traditional modes of storage of confidential data and information have become inefficient for the ongoing requirements. The increasing evolution of information which needs management, storage, retrieval, and maintenance has obliged customers to make storage decisions different from server conclusions. Moreover, rising demand for simple and effective backup operations is anticipated to fuel the worldwide consumer network attached storage market during the forecast period. With the amalgamation of high-performance restore and backup competency and device distribution, various issues regarding performance have been improved. However, rising backup operation capability will enhance the market growth. Enhanced utilization of network-involved storage systems by mid and small-sized organizations is anticipated to create high growth opportunities during the forecast period. However, increasing cyber-attacks, retail loss, and data cracks will hamper the growth of the market during the forecast period. 

The outbreak of COVID-19 had positive as well as negative effects on the growth of the consumer network attached storage market during the forecast period. The spread of the COVID-19 virus has created uncertainties for the overall industry. The governments of various countries had imposed a lockdown to prevent the spread of the virus. This was the top restraining factor for the market during the forecast period. Furthermore, because of the Lockdown, most of the population was either using the internet for entertainment or for work purposes. To secure the data and store data safely the consumer NAS was utilized during the covid-19 pandemic. Due to these reasons, the growth of the market was propelled during the covid-19 pandemic. 

Based on the region, the worldwide consumer network attached storage market is segmented into the Asia Pacific, North America, Europe, and also the Middle East & Africa. Among the regions, North America holds the largest share of the worldwide consumer network attached storage market. Increasing response from new startups in the North American region will enhance the growth of the market during the forecast period. Furthermore, increasing disposable income and standard of living in the European region will drive the growth of the region. However, The Asia Pacific region is anticipated to dominate the expansion of the market during the forecast period. Furthermore, the Rapid advanced development in technology and the presence of various mid and small-scale companies in the developing countries will enhance the growth of the market during the forecast period. 

Segment Covered

The report on the global consumer network attached storage market covers segments such as end-user, and design. On the basis of end-user, the sub-markets include BFSI, telecommunications & ITES, healthcare, e-commerce industry, and manufacturing. On the basis of design, the sub-markets include 1-bay, 2-bays, 3-bays, 4-bays, 5-bays, 6-bays, and above 6 bays. 

Companies Profiled:

The report provides profiles of the companies in the market such as Thecus Technology Corporation, ASUSTOR Inc., Western Digital Corporation, Synology Inc, ZyXEL Communications Inc., Buffalo America Inc., Netgear Inc, Iomega, QNAP Systems, Inc, and Apple.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the consumer network attached storage market. Moreover, the study highlights current market trends and provides forecasts for 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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