New York
City, 16 March 2020 : According to a new study published by Polaris
Market, the global consumer
network attached storage market is anticipated to reach USD
10.2 billion by 2026. The demand for consumer network attached storage globally
is driven by increasing demand for cost-effective storage systems, efficient
data backup systems, and speedy data transfer.
Further,
the market is also bolstering due to easy installation and low-cost of product,
coupled with network sharing of data that improves the accessibility of users’
to data, among the office or in-house network. Furthermore, innovative
offerings including cloud backup that is capable of integrating with consumer
network attached storage system, is also driving the market growth for consumer
network attached storage.
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The market
by end-user is dominated by SMEs segment. The demand is highly attributed to
the cost-effectiveness as well rising awareness for consumer network attached
storage system. Also, by regions, Asia Pacific is expected to notice the
highest growth. Further, region Middle East & Africa is also expected to
notice considerable growth during the forecast period. Rising awareness among
people and their increasing spending capability are the major factors driving
the market growth in these regions. The North America region is expected to
dominate the market, with US being the major contributor. The market in US is
driven by presence of several start-ups in the country also, US in one of the
hub for start-ups and a major location of several large technology companies.
By design, the market is segmented into 1-Bay, 2-Bays, 4-Bays, 5-Bays, 6-Bays,
and 6-Bays & above. The 4-Bays segment is dominating the market by design
however, 2-Bay segment is expected to grow at a highest CAGR during the
projected period.
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Some
of the key players operating in the consumer network attached storage market
are Western Digital Corporation, Netgear Inc., Synology Inc., ASUSTOR Inc.,
QNAP Systems, Inc., ZyXEL Communications Inc., Buffalo America Inc., Drobo
Inc., D-Link Corporation, and Seagate Technology Public Limited Company among
others.
About Polaris Market Research
Polaris Market Research is a global
market research and consulting company. The company specializes in providing
exceptional market intelligence and in-depth business research services for our
clientele spread across different enterprises.
Contact Us:
Polaris Market Research
Phone: 1–646–568–9980
Email:
sales@polarismarketresearch.com
Web:
www.polarismarketresearch.com
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