Consumer Network Attached Storage Market SWOT Analysis 2020| top key players Western Digital Corporation, NETGEAR, Synology Inc., QNAP Systems, Inc., ASUSTOR Inc., ioSafe Inc., Thecus Technology Corp, Dell, Sunstar Company, Inc.

Market Analysis: Global Consumer Network Attached Storage Market

Global consumer network attached storage market


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Market Definition: Global Consumer Network Attached Storage Market

NAS is a storage device which is usually connected to a network so that multiple users and other clients can access data from a centralised location. Consumer network attached system storage is those NAS which are mainly used in home theatre systems and other home area networks. They work same as the NAS but in this the end points are either home devices or personal devices. These consumer network attached also has the ability to handle storage for internet downloads.

Market Drivers:

· Rising disposable income will drive the market growth

· Increasing adoption of hybrid storage arrays will drive the market growth

· Growing prevalence of online education will also propel growth of this market

· Increasing usage of unified storage systems is also contributing as a factor accelerating the market growth

Market Restraints:

· Increasing cloud storage offerings will restrain the market growth

· Volatility in the currency rate which is affecting the revenue of the companies; also restricting the growth of this market

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Competitive Analysis

Global consumer network attached storage market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of consumer network attached storage market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Major Market Competitors/Players

Few of the major competitors currently working in the global consumer network attached storage market are Western Digital Corporation, NETGEAR, Synology Inc., QNAP Systems, Inc., ASUSTOR Inc., ioSafe Inc., Thecus Technology Corp, Dell, Sunstar Company, Inc., Nasuni Corporation, Hitachi Vantara Corporation, Boston IT Solutions (India) Private Limited, Kintronics, D-Link Corporation, NEC Corporation, Seagate Technology LLC, Zyxel Communications Corp., Hewlett Packard Enterprise Development LP, Drobo, Inc, IBM Corporation, NetApp and others.

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Key Developments in the Market:

In April 2019, Western Digital announced the launch of their 2-bay product, EX2. This new 2-bay My Cloud EX2 system will help the market professional to back the whole data at a centralized location. Integrated file server, backup server, P2P download server and FTP server are some of the other application offered by this new model

In July 2016, Seagate Technology plc announced the launch of their Seagate NAS HDD 8TB which has the highest capacity drive for Network-Attached Storage, RAID and server storage. The main aim of the launch is to provide the professional huge capacity so that they can easily store manage their data

Research Methodology: Global Consumer Network Attached Storage Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

· Complete and distinct analysis of the market drivers and restraints

· Key market players involved in this industry

· Detailed analysis of the market segmentation

· Competitive analysis of the key players involved

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