Consumer Network Attached Storage (NAS) Market Strategies and Forecast to 2025 | Leading Players- Dell EMC (US), NetApp, Inc. (US), Hewlett-Packard Enterprise Company (US), Hitachi Data Systems Corporation (US), Western Digital Corporation (US), NETGEAR,

Global Consumer Network Attached Storage (NAS) Market Overview:

The network-attached storage (NAS) market is expected grow from USD XX Billion in 2016 to USD XX Billion in 2025, at a CAGR of XX % from 2017 to 2025. Of the different end-user industries covered in this report, in 2016, BFSI had the largest market share in value, followed by telecommunications and ITeS verticals. BFSI, a highly customer-focused industry, is transforming and adopting new processes so that customers can benefit from simple solutions, such as mobile applications, online transactions and more. A large amount of data is generated every day with daily financial transactions conducted around the world. This customer data is very important. The security of this data is a great concern for the banking and financial sector. Storage devices connected to the network provide secure, low-cost data storage with multiple scalability options.

Consumer Network Attached Storage (NAS) Market Drivers and Restraints:
The main drivers of growth are the increased reliance on digital content stored in the cloud environment by small and medium-sized enterprises (SMEs), the proliferation of social media content and high-speed data transfer technology such like 4G and 5G. You will need a large number of secure data storage devices for video surveillance applications.

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In addition, the market for hybrid deployments should see the strongest growth in the NAS market in the next few years. Hybrid storage solutions have advantages and disadvantages for both the storage site for remote storage. The hybrid storage solution behaves like a homogeneous storage. They are practically transparent and have mechanisms that keep the data active, and frequently used in place and move the inactive data to remote location systems.

Consumer Network Attached Storage (NAS) Market Geographic Segmentation:
Of all the regions, North America held the largest market share in terms of revenue, while APAC is expected to grow at the second-highest CAGR from 2017 to 2025. Industrialization, the growth of small- and medium-sized businesses, and start-ups are major contributors to the growth of the NAS market in APAC and RoW. The economic development in Japan and China is very high. Enterprises in these countries have adopted latest technologies to sustain and grow in the rigorous competition. To remain competitive in increasing operational efficiency, operational outcomes, and financial profitability, companies in this region are investing a lot in upgrading their IT capabilities

X Dell EMC (US), NetApp (US), Hewlett-Packard Enterprise Company (US), Hitachi Data Systems (US), and Western Digital Technologies (US) are some of the leading players in the NAS market as of 2016. These companies focus on expanding their markets through technological innovation, product launches and growth-oriented inorganic development strategies. Dell EMC (United States) and NetApp (United States) are the main players that develop their market through product launches and inorganic growth strategies. In addition, companies such as Hewlett-Packard Enterprise Company (USA), Hitachi Data Systems (USA) and Western Digital Technologies (USA) focus on market development through the launch and development of products of products. For example, in April 2016, Hitachi Data Systems Corporation announced the addition of the native NAS to its G-Series portfolio of the Hitachi Virtual Storage Platform (VSP). This adds the ability to include 2 high-performance NAS modules in the G400 VSP, VSP G600 and VSP G800 systems.

The companies that are profiled in the report are:
Dell EMC (US)
NetApp, Inc. (US)
Hewlett-Packard Enterprise Company (US)
Hitachi Data Systems Corporation (US
Western Digital Corporation (US)
NETGEAR, Inc. (US)
Synology, Inc. (Taiwan)
Buffalo Americas (US)
Seagate Technology PLC. (US)
QNAP Systems, Inc. (Taiwan)

Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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