Consumer Network Attached Storage (NAS) Market Expected to Be Biggest Emerging Market By 2021

A network attached storage (NAS) appliance is a processing device that is attached on the network, primarily to store files in real time. The network attached storage appliance has its own IP address due to which it is easily accessed by end-users directly over the network to store files and retrieve them when needed. Network attached storage provides file level storage and access to files as it uses multiple disks to store files. One of the main advantages of network attached storage is its simplicity of setup. Moreover, NAS connects storage to the network rather than to a server, hence there is no server downtime. NAS devices use Linux operating system, eliminating the licensing costs associated with other operating systems. In addition, NAS devices support bothCommon Internet File System (CIFS), as well as Network File System (NFS), and are completely compatible with windows, Mac, Linux and UNIX clients. Owing to this, no specialized IT knowledge is required to ensure cross platform compatibility.

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Increasing adoption of video surveillance services isthe key factor boosting the demand of network attached storage and increasing its adoption globally. Furthermore, due to advancement in payment models, multi-tenancy and reliability, increase in the adoption of cloud storage is observed. This is, in turn, influencing the growth of consumer network attached storage. Also, the demand for consumer network attached storage (NAS) is expected to be driven by increasing need for anytime and anywhere usability and accessibility to Internet networks. At the same time, a limitation of NAS systems such as operating system complexity and low processor power is restraining the market growth, globally. Moreover, lack of technical knowledge among end-users is also one of the key challenges restraining the market growth. Another obstruction in the market growth is its connectivity and transferring of large data. However, increasing number of Internet users and real-time use of digital media applications are expected to foster the demand for broadband services over the forecast period.

The global consumer network attached storage (NAS) market is segmented by application, by solutions, by end-user, and by geography. Based on the applications, the market is segmented into cloud and data processing components. Based on the different solutions, the market is segmented into analytics and Hadoop solutions. Based on end-users, the market is broadly classified as- large enterprises and small and medium enterprises. The global market segments in terms of geographical regions include North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa (MEA). Based on the revenue generated, North America region is projectedto claim a major share in future, on account of growing demand of small businesses as well as home networks coupled with various technological innovations.

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New technology and development of server based storage network is one of the key strategies adopted by key market players to expand their market size and boost their market position. Some of the key players operating in the consumer network attached storage (NAS) market are Dell, Inc., Buffalo Technology Inc., Hewlett-Packard Development Company, Hitachi Data Systems, NetApp Inc., International Business Machines (IBM) Corp., Netgear, Inc., Seagate Technology plc, Synology Inc., and QNAP Systems Inc. Moreover, some of the key innovators are ASUSTOR Inc., Drobo, Inc., Thecus Corporation, and ZyXEL Communications Corporation.

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