With increasing availability of large number of digital media applications, the global consumer Network-Attached-Storage (NAS) market is expected to witness substantial growth over the forecast period. Network-attached storage is a server-based storage system, which enables file sharing between enterprise users. It is also an independent network node in the LAN, which consists of individual IP addresses and helps to create back-ups and share files between various devices.
Multimedia streaming is also a key functionality of NAS. Network-attached-storage device or a network-connected-storage device can be accessed by varied clients over a network. Additionally, NAS also consists of numerous hard disks arranged in a logical method to form a RAID structure. The system is centralized, thereby offering multifunctional storage for home network, and is also useful for connecting varied media players, PCs, print servers, and media servers together in a network.
Consumer NAS provides fast access to the stored data. Furthermore, the system can be managed from any remote location over the Internet with the help of a network administrator.
Rising adoption of video surveillance services is expected to be a key market trend boosting the market demand over the forecast period. Additionally, surveillance cameras also have gained prominence in home as well as business environments. Vendors with specific Network Video Recorder (NVR) models provide applications to record surveillance footage on the network-attached-storage models.
Cloud-based storage is expected to gain prominence across several verticals. These systems also act as on-premise private cloud storage. Growing use of these appliances as media servers is expected to emerge as one of the key trends in the market.
Home NAS appliance helps in connected-device back-up, storing media libraries, and also provides remote access to the network device at home. Cloud network-attached-storage devices help to access information without limitations of physical location of the data. Furthermore, advancements in reliability, payment models, and multi-tenancy are anticipated to increase the adoption of cloud storage over the forecast period.
Increasing number of Internet users and real-time use of digital media applications are expected to foster broadband services market demand over the forecast period. Offices engaged in animations, entertainment-related software, and developing games further handle projects, which are in collaboration with large enterprises as well as SMEs and require network-attached-storage devices with much higher storage capacities.
The demand for these devices is expected to be driven by increasing need for anywhere and anytime accessibility to Internet networks. Growing adoption of virtual offices and remote environments, rising focus on business continuity planning, and consequent need for providing remote access to employees & corporate networks are anticipated to fuel the NAS technology. Lack of technical knowledge among end-users is expected to pose a challenge to market growth.
The consumer NAS market can be segmented on the basis of individual customers and SOHO users. In consumer as well as SOHO environments, the device helps in creating back-ups and also share files among various devices. There are several other functionalities in these environments, which include multimedia streaming. Furthermore, in consumer environment, NAS devices also help in storing and sharing files such as music as well as movies among different users. It also facilitates access of these files through mobile devices connected to the NAS appliances.
The system is engaged in offering high-performance storage solutions in comparison with external hard drives and Direct-Attached-Storage (DAS) devices. Additionally, in SOHO environment, NAS devices help to share office files among multiple users. These appliances are also involved in providing quick access to stored data, and also possess capacity to store the data at a much higher rate.
Rising adoption of NAS devices among SOHO consumers in emerging countries is expected to witness a substantial growth over the forecast period.
In terms of revenue, North America is expected to hold a major share over the forecast period on account of increasing demand of home as well as small business networks coupled with varied technological innovations.
Major market players include Apple Inc., QNAP Systems Inc., Buffalo Technology Inc., Netgear Inc., Cisco Systems Inc., Western Digital Corporation, Dell Corporation, D-Link Systems Inc., Freecom Technologies B.V., Hitachi Data Systems Corporation, Hewlett-Packard Company, IBM Corporation, and Thecus Technology Corporation.
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