Consumer NAS Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR70778

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 Consumer NAS Market - 2021-2025

The projected valuation of the consumer NAS market by 2025 is USD 24.92 billion. The growth momentum of the market is expected to decelerate at a CAGR of 12.93%, during 2021-2025. This research report elucidates the market drivers and trends that has been catalyzing the progress of existing market players. One of the key factors driving the consumer NAS market growth is the increasing need for video surveillance systems. View our sample report for insights on the latest drivers, trends, and challenges that will have a far-reaching effect on the market growth in the coming years.

Consumer NAS Market Size

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Consumer NAS Market Segments

Every aspect of business improvement planning depends on the understanding of current and potential target customers across segmentations. Our consumer NAS market analysis report extensively covers end-user (business and home) and geography (North America, Europe, APAC, South America, and MEA), wherein you will obtain insights on qualitative and quantitative data that can help in optimizing financial results. Get actionable insights on the consumer NAS market segments to recognize and seize financial opportunities

Furthermore, given the current pandemic situation and its significant effect on industries, it is essential to understand the vulnerable market segments and recovery scope. Our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities to strengthen market foothold. Want a thorough qualitative and quantitative analysis on the post-pandemic consumer NAS market predictions on-demand changes for 2021-2025? You can buy the report now with one easy click.

Consumer NAS Market Vendors and Competitive Analysis

The consumer NAS market is fragmented and the vendors are deploying growth strategies such as focusing on developing cloud next-generation technologies to gain a competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

For detailed insights on complete key vendor profiles buy the full consumer NAS market forecast report. The profiles include particulars on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Consumer NAS Market Vendors

Consumer NAS Market - Region Opportunities 2021-2025

APAC will contribute 34% of the overall consumer NAS market growth during the forecast period. China, South Korea (Republic of Korea), and Japan are the key markets for consumer NAS market in APAC. To unlock exclusive information on potential business markets, economic trends and risks in geographies, and emerging prospective customers buy the report now!

Consumer NAS Market Share by Geography

APAC has been exhibiting a significant growth rate for consumer NAS market vendors. Factors such as the emergence of SMEs and the growing use of connected mobile devices are accelerating the consumer NAS market growth in APAC. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

The consumer NAS market share growth in APAC will be faster than the growth of the market in other regions. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Consumer NAS Market Insights by End-user

Consumer NAS Market Share by End-user

To gain further insights on the market contribution of various segments Request for a FREE Sample!

According to our market segmentation data analysis, the business segment is expected to be a significant contributor to the growth of the consumer NAS market share during the forecast period. In 2020, the business segment dominated the global consumer NAS market, primarily due to the demand from the IT, BFSI, education, healthcare, and retail sectors that require a single pivotal point for their storage and operations. The increased demand for NAS systems is attributed to the rise in the number of SMEs in emerging countries such as China, India, Brazil, Indonesia, and Mexico, which require cost-effective and highly reliable storage systems with more data storage capacities. This report provides an accurate prediction of the revenue share of all the segments to the growth of the consumer NAS market size.

From the consumer NAS market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentations will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

Consumer NAS Market Drivers & Trends

Even if the success rate of a business is higher, every factor, including challenges, influencing any market growth needs to be considered to mitigate potential risks at an earlier development stage. One of the key factors impeding the consumer NAS market growth is NAS compatibility issue. Purchase our express report to get exhaustive insights on the key industry trends, drivers, and challenges, which will help companies evaluate and build growth strategies.

Smart home security is among the most demanding IoT applications. The Smart home security systems operate on the centralized control of the home gateway, wherein the intelligence system is placed on the cloud network. Cloud-based services provide a user-friendly system to end-users for controlling the security devices. These services manage issues such as interoperability and updating the software. Furthermore, the cloud system gives a cost advantage to the end-users compared with on-premise solutions. The implementation of video surveillance services by home users is increasing to enhance their physical security due to the growing use of cloud services. This will drive consumer NAS market growth during 2021-2025.

This consumer NAS market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.

 

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Consumer NAS Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive consumer NAS market growth during the next five years
  • Precise estimation of the consumer NAS market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the consumer NAS market across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of consumer NAS market vendors

Buy the Consumer NAS Market report now to reimage your business strategies!

 

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The consumer nas market growth will increase by $24.92 billion during 2020-2025.
The consumer nas market is expected to grow at a CAGR of 12.93% during 2020-2025.
Technavio has segmented the consumer nas market by end user (Business and Home) and geographic (North America, Europe, APAC, South America, and MEA).
ASUSTOR Inc., Dell Technologies Inc., D Link Corp., Drobo Inc., Hewlett Packard Enterprise Development LP, NEC Corp., QNAP Systems Inc., Seagate Technology Public Ltd. Co., Synology Inc., Western Digital Corp. are a few of the key vendors in the consumer nas market.
APAC will register the highest growth rate of 34.40% among the other regions. Therefore, the consumer nas market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • Germany
  • South Korea (Republic of Korea)
  • UK
  • Japan
The key factors driving the consumer nas market growth are:
  • Increasing need for video surveillance systems
The consumer nas market vendors should focus on grabbing business opportunities from the business segment as it accounted for the largest market share in the base year.
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