Global Consumer NAS Market 2016-2020
About the Consumer Network-Attached Storage (NAS) Market
NAS is a low-maintenance, remotely manageable, server-based storage system that enables file sharing, multimedia streaming, and storing and sharing photos, music, and videos among users. It can also stream video content through smart TVs at home. It facilitates access to files through mobile devices that are connected to NAS appliances and offers high-performance storage compared to DAS (direct-attached storage) and external hard drives.
Technavio’s analysts forecast the global consumer NAS market to grow at a CAGR of 11.01% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global consumer NAS market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the following:
Technavio Announces the Publication of its Research Report – Global Consumer Network-Attached Storage (NAS) Market 2016-2020
Technavio recognizes the following companies as the key players in the global consumer NAS market: Apple, Buffalo Technology, Netgrear, QNAP, Seagate, Synology, and Western Digital.
Other Prominent Vendors in the market are: Asustor, Drobo, Iomega, Thecus, Transporter, and Zyxel.
Commenting on the report, an analyst from Technavio’s team said: “A trend which is positively impacting the market is the reduction in prices of individual consumer NAS devices. The cost of devices such as computers, tablets, smartphones, and hard drives is reduced on a YoY basis or when a powerful alternative to a device is released by vendors. Few individual consumers are unaware of NAS appliances being an alternative to external hard drives and DAS.”
According to the report, a key growth driver is the increase in the number of connected home devices. Many individuals use Wi-Fi-enabled devices such as smartphones, tablets, and laptops, to communicate for personal and professional purposes on a global scale. These devices also have internal and external storage, which is useful for storing files, pictures, and videos as a form of immediate storage. The capacities of these devices are increasing, but they will not be sufficient to accommodate significant amounts of data.
Further, the report states that one challenge that could curtail market growth is connectivity challenges.
Apple, Buffalo Technology, Netgrear, QNAP, Seagate, Synology, Western Digital, Asustor, Drobo, Iomega, Thecus, Transporter, Zyxel.
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