Global Market Study on Consumer Network Attached Storage (NAS): Residential End User Segment Anticipated to Register a High CAGR During 2016 – 2024

A new report by Persistence Market Research titled “Consumer Network Attached Storage (NAS) Market: Global Industry Analysis and Forecast, 2016–2024” is based on forecasts that focus on both global as well as regional trends in the economy, technology and population, along with company, product, country and demography specific trends. These trends are analyzed thoroughly and factors underlying these trends are also identified while studying the market. Persistence Market Research provides an eight year forecast for the global consumer network attached storage market between 2016 and 2024. The analysts have developed forecasting models in order to quantify the impact of each of the market factors on industry spending. A forecast scenario for each causative factor has been created and the contribution of each factor on a prospective basis is identified. The factors considered to derive global market numbers include economic, technological, parent market (enterprise storage market) revenue, IT spending by various verticals for network attached storage applications and some behavioral and competitive factors that directly and indirectly impact the global consumer network attached storage market. This research report provides a detailed analysis of the global consumer network attached storage market and offers insights into the various factors driving the popularity of these products and solutions. The market study provides a comprehensive assessment of key stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on the global consumer network attached storage components across different regions globally.

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The report starts with an overview of the global consumer network attached storage market. In addition, this section includes an analysis of the value chain, key drivers, and challenges influencing the global consumer network attached storage market. The global consumer network attached storage market is segmented on the basis of design, end user and region. A detailed analysis has been provided for every segment in terms of market size analysis for the global consumer network attached storage market across different regions. The section provides a detailed analysis covering absolute dollar opportunity, BPS analysis, and market attractiveness analysis. The next section analyzes the performance of the global consumer network attached storage market across various countries in the different assessed regions.

The global consumer network attached storage market is consolidated in nature meaning this market is governed by top players and hence, by considering the market share contribution of top players, the analysts have calculated the global numbers for this market. The forecast presented here assesses the total revenue by value across the market. In order to offer an accurate forecast, the team of expert analysts have started by sizing the current market, which forms the basis of how the global consumer network attached storage market will develop in the future.

Report Link: https://www.persistencemarketresearch.com/market-research/consumer-network-attached-storage-nas-market.asp

Among the end user segments, the residential end user segment is anticipated to register a high CAGR during the projected period. The residential end user segment is expected to register high Y-o-Y growth rates throughout the forecast period and is expected to expand at a CAGR of 13.0% between 2016 and 2024. The segment is expected to be valued at more than US$ 500 Mn in 2017. Growth of this segment is attributed to increasing adoption of consumer network attached storage systems as they offer features such as easy installation and efficient backup.

In terms of revenue, small and medium enterprises segment is projected to be the most attractive segment in the North America consumer network attached storage market during the calculated period. The residential end user segment in North America is expected to register high Year-on-Year growth rates throughout the forecast period and is expected to expand at a CAGR of 14.5% between 2016 and 2024.

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