Press release
Consumer And SMB NAS Market Analysis, Trends, Growth, Research And Forecast 2033
The Business Research Company recently released a comprehensive report on the Global Consumer And SMB NAS Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.According to The Business Research Company's, The consumer and smb nas market size has grown strongly in recent years. It will grow from $15.65 billion in 2023 to $16.72 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to online community growth, user safety concerns, adherence to regulations, increased e-commerce activities, globalization of online platforms..
The consumer and smb nas market size is expected to see strong growth in the next few years. It will grow to $22.08 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to social and political changes, real-time moderation requirements, expansion of virtual events, inclusion and diversity,brand reputation management,. Major trends in the forecast period include blockchain for transparency, cross-platform moderation, multilingual moderation , real-time moderation, video and image moderation, customization and flexibility..
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Market Drivers and Trends:
The growing need for data storage is expected to propel the growth of the consumer and SMB NAS market in the coming future. Data storage refers to record media in digital form for future operations. End-users are in need to store huge volumes of data at a lower cost than cloud-based storage. For instance, in February 2023, Connectbit, a Singapore-based exceptional IT support and WordPress services in an enterprise environment stated that about 65.28% of people used personal cloud storage as their primary data storage in 2023. Therefore, the growing need for data storage is driving the Consumer and SMB NAS market.
Product innovation is a key trend gaining popularity in the consumer and SMB NAS market. Major companies operating in the consumer and SMB NAS market are focused on developing innovative products with advanced technologies to strengthen their position in the market. For instance, in September 2021, PAC Storage, a US-based premier developer and manufacturer of data storage solutions, launched an advanced Scale-Out NAS product line including All Flash NVMe Scale-Out NAS. This NVMe solution excels in qualifying requirements for low latency workloads and high throughput from media and entertainment and HPC to Big Data.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Apple Inc.; ASUSTOR Inc.; Buffalo Americas Inc.; D-Link Corporation; Drobo Inc.; Infortrend Technology Inc.; iXsystems Inc.; Netgear Inc.; Promise Technology Inc.; QNAP Systems Inc.; Seagate Technology LLC; Synology Inc.; Thecus Technology Corp.; Toshiba Corp.; Western Digital Corporation; Transporter; Zyxel; Iomega Corporation; TerraMaster; Asustek Computer Inc.; Cisco Systems Inc.; Akitio; SilverStone Technology Co. Ltd.; Hewlett Packard Enterprise; Dell Technologies Inc.; Acer Inc.; Fujitsu Limited; Lenovo Group Limited; Shuttle Inc.; Amped Wireless
Consumer And SMB NAS Market 2024 Key Insights:
• The consumer and smb nas market will grow to $22.08 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.
• The Role Of Data Storage In Future Operations
• Introduction To Product Innovation In The Consumer And Smb Nas Market
• North America was the largest region in the consumer and SMB NAS market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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