Global Market Study on Consumer Network Attached Storage (NAS): Residential End User Segment Anticipated to Register a High CAGR During 2016 – 2024


Consumer Network Attached Storage Nas Market
  • Published On : Mar-2017 |
  • Pages : 175 Pages |
  • Format :

A new report by Persistence Market Research titled “Consumer Network Attached Storage (NAS) Market: Global Industry Analysis and Forecast, 2016–2024” is based on forecasts that focus on both global as well as regional trends in the economy, technology and population, along with company, product, country and demography specific trends. These trends are analyzed thoroughly and factors underlying these trends are also identified while studying the market. Persistence Market Research provides an eight year forecast for the global consumer network attached storage market between 2016 and 2024. The analysts have developed forecasting models in order to quantify the impact of each of the market factors on industry spending. A forecast scenario for each causative factor has been created and the contribution of each factor on a prospective basis is identified. The factors considered to derive global market numbers include economic, technological, parent market (enterprise storage market) revenue, IT spending by various verticals for network attached storage applications and some behavioral and competitive factors that directly and indirectly impact the global consumer network attached storage market. This research report provides a detailed analysis of the global consumer network attached storage market and offers insights into the various factors driving the popularity of these products and solutions. The market study provides a comprehensive assessment of key stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on the global consumer network attached storage components across different regions globally.

The inability of traditional storage to handle sheer volumes of data and increasing demand for efficient and easy backup operations are the key factors driving the growth of the global consumer network attached storage market during the forecast period. Additionally, enterprises opting for cost-effective storage solutions is likely to accelerate the growth of the consumer network attached storage market globally.

Report Description

The report starts with an overview of the global consumer network attached storage market. In addition, this section includes an analysis of the value chain, key drivers, and challenges influencing the global consumer network attached storage market. The global consumer network attached storage market is segmented on the basis of design, end user and region. A detailed analysis has been provided for every segment in terms of market size analysis for the global consumer network attached storage market across different regions. The section provides a detailed analysis covering absolute dollar opportunity, BPS analysis, and market attractiveness analysis. The next section analyzes the performance of the global consumer network attached storage market across various countries in the different assessed regions.

The global consumer network attached storage market is consolidated in nature meaning this market is governed by top players and hence, by considering the market share contribution of top players, the analysts have calculated the global numbers for this market. The forecast presented here assesses the total revenue by value across the market. In order to offer an accurate forecast, the team of expert analysts have started by sizing the current market, which forms the basis of how the global consumer network attached storage market will develop in the future.

The final section of the report includes a competitive landscape to provide clients with a dashboard view. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key players in the global consumer network attached storage market. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the global consumer network attached storage market.

Research Methodology

Given the characteristics of the market, the analysts have triangulated the outcome of different types of analyses based on technology trends. In an ever-fluctuating global economy, this market research company not only conduct forecasts in terms of CAGR but also analyzes the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the market. As previously highlighted, the global consumer network attached storage market is split into a number of segments. All segments in terms of design, end users and based on different regions are analyzed in terms of basis point share to understand individual segments’ relative contribution to market growth. Another key feature of this report is the analysis of all market segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global consumer network attached storage market.

Key Segments Covered

  • By Design
    • Rackmount
    • Standalone
  • By End User
    • Residential
    • Small & Medium Enterprises
    • Large Enterprises
  • By Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • MEA

Small and medium enterprises segment expected to remain dominant through 2024 in the global consumer network attached storage market

Presently, the small and medium enterprises segment accounts for comparatively higher revenue share in the global consumer network attached storage market. In terms of revenue, small and medium enterprises is projected to be the most attractive segment in the global consumer network attached storage market during the assessment period. Small and medium enterprises segment is estimated to be valued at more than US$ 1,000 Mn in 2017 and is expected to remain dominant by 2024 end, accounting for close to 60% of the global market revenue share. Among the end user segments, the residential end user segment is anticipated to register a high CAGR during the projected period. The residential end user segment is expected to register high Y-o-Y growth rates throughout the forecast period and is expected to expand at a CAGR of 13.0% between 2016 and 2024. The segment is expected to be valued at more than US$ 500 Mn in 2017. Growth of this segment is attributed to increasing adoption of consumer network attached storage systems as they offer features such as easy installation and efficient backup.

Residential and small and medium enterprises segments are expected to lead the global consumer network attached storage market throughout the forecast period

Growing popularity of network attached storage to attain cost-effective solutions for data storage and increase in adoption of network attached storage systems by small and medium enterprises is the major factor likely to result in high revenue growth in the small and medium enterprises end user segment during the predicted period. Increasing utilization of network attached storage systems is another potential driver for small and medium enterprises, especially in emerging economies. This adoption of network attached storage systems among smaller organizations is mainly driven by the benefits offered by network attached storage systems such as shared storage, centralized control, and flexibility to share capacity between multiple hosts.

Deployment of network attached storage systems can facilitate the reduction in total cost of ownership for enterprises and small business owners. Management of a centralized storage location is more cost-effective than managing traditional client/server storage models. Additionally, network attached storage system architecture eliminates the possibility of disk space going unused or disk failure, as storage devices are now consolidated. This further lowers the overall storage costs. Benefits such as lower cost of ownership and a higher Return on Information Management offered by network attached storage devices are expected to further drive the growth of the small and medium enterprises segment. With the integration of high performance backup and restore capability and device sharing, several performance issues can be alleviated. These issues include performance degradation, shrinking backup windows, and extended downtime periods. However, increase in the overall backup operation efficiency with server-less backup offered by network attached storage systems architecture is fueling the growth of the residential segment of the global network attached storage market.

With computing environments making a paradigm shift from server-centric to data-centric models, efficient access to shared data resources is becoming critical. This prolific growth in information that needs to be stored, managed, maintained, and retrieved has compelled consumers to make storage decisions separate from server decisions. This, in turn, is driving the growth of both the residential and small and medium enterprises segments.

consumer network attached storage market

The North America consumer network attached storage market is expected to expand at a higher CAGR

In terms of revenue, small and medium enterprises segment is projected to be the most attractive segment in the North America consumer network attached storage market during the calculated period. The residential end user segment in North America is expected to register high Year-on-Year growth rates throughout the forecast period and is expected to expand at a CAGR of 14.5% between 2016 and 2024. In Latin America, the small and medium enterprises segment is expected to register high Y-o-Y growth rates throughout the forecast period and is expected to expand at a CAGR of 12.3% between 2016 and 2024. The residential segment is anticipated to hold a significant market share by 2024 end, accounting for a little more than 20% of the Latin America market revenue share. The residential segment is expected to register high Year-on-Year growth rates throughout the forecast period and is expected to expand at a CAGR of 13.9% between 2016 and 2024 in the APAC region. Small and medium enterprises segment is expected to remain dominant by 2024 end, accounting for more than 60% of the Asia Pacific consumer network attached storage market.

Company Profiles

  • Seagate Technology Public Limited Company
  • Western Digital Corporation
  • NEC Corporation
  • EMC Corporation
  • D-Link Corporation
  • ASUSTOR Inc.
  • QNAP Systems, Inc.
  • Drobo Inc.
  • Synology Inc.
  • Netgear, Inc.
  • Others
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