Global Consumer Network Attached Storage Market - Industry Trends and Forecast to 2028

Data Bridge Market Research analyses that the consumer network attached storage market will exhibit a CAGR of around 17.00% for the forecast period of 2021-2028. Increasing demand of centralized and micro-mobile data centres, increased focus of technological advancements involved in the manufacturing process and rising need of effective and efficient video surveillance systems are the major factors attributable to the growth of consumer network attached storage market.
Consumer network attached storage is a dedicated file storage device that uses a standard Ethernet connection. Consumer network attached storage used Ethernet connection to allow multiple users and other clients to access data from a centralized location. In other words, consumer network attached storage allows wirelessly share and access files, video and audio streaming and other features. Consumer network attached storage is similar in working to network attached storage (NAS) however, here the end points are either home devices or personal devices. Another attractive feature of consumer network attached storage is that it can also easily handle the downloads made from the internet.
Increasing adoption of hybrid storage arrays coupled with rising usage of unified storage systems is one of the major factors fostering the growth of consumer network attached storage market. Rising expenditure for research and development activities undertaken by various manufacturers and authorities coupled with increased focus on technological advancements and development are some other indirect consumer network attached storage market growth determinants. Rising adoption of 4G and 5G internet connections and growing prevalence for online education will further generate lucrative consumer network attached storage market growth opportunities. High generation of data and high-volume digital content will also carve the way for the growth of consumer network attached storage market.
However, rising data privacy and security concerns coupled with rising cyber-attack cases will act as consumer network attached storage market growth restraint. Increasing cloud storage offerings and volatility in the currency rates will further derail the consumer network attached storage market growth rate. The growing cloud adoption will further pose challenges for the consumer network attached storage market growth.
This consumer network attached storage market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on consumer network attached storage market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Consumer Network Attached Storage Market Scope and Market Size
The consumer network attached storage market is segmented on the basis of design and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
• On the basis of design, the variable frequency drive market is segmented into rack mount, standalone, 1- bay, 2- bays, 4- bays, 5- bays, 6- bays and above 6- bays.
• On the basis of end user, the variable frequency drive market is segmented into residential, small and medium enterprises and large enterprise.
Consumer Network Attached Storage Market Country Level Analysis
The consumer network attached storage market is analysed and market size insights and trends are provided by country, design and end user as referenced above.
The countries covered in the consumer network attached storage market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region dominates the consumer network attached storage and will continue to flourish its trend of dominance during the forecast period. Rising adoption of cloud based arrays by small and medium scale enterprises is one of the major factors fostering the market growth rate in this region. Asia-Pacific on the other hand is projected to score the highest CAGR for the forecast period owing to the growth and expansion of IT and telecom industry in the region.
The country section of the consumer network attached storage market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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