Europe Consumer Network Attached Storage Market Report, 2018-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Europe Consumer Network Attached Storage Market


The European Consumer Network Attached Storage market size was valued at USD 824.5 million in 2016. The market is expected to witness a significant growth over the forecast period and is primarily driven by increase in data that needs to be effectively stored and need for efficient sharing of data among users in a network.
 
NAS is a storage device that used in a personal or business network. The users are able to access the files stored in a consumer NAS from mobile devices and PCs, without the need to externally plug the consumer NAS device into the PC. The device offers a wide range of storage options to home users, who prefer the system for storing high-definition movies, programs, and photos. The systems can be used by a group of people within a network and as a central server to provide multiple users with extra hard drive space. This is expected to enhance customer experience and drive the demand for the market.
A typical Consumer NAS consists of a Central Processing Unit (CPU), a memory unit, and an operating system. It is available in different configurations such as NAS with pre-installed drives and diskless NAS. The improved level of surveillance security concerns has paved way for new regulatory mandates, which state that surveillance videos are required to be stored within the network of an organization. This is expected to boost the growth of the Europe consumer NAS market.
The number of tech-savvy individuals is increasing due to improved education and rapid growth in the economy. The disposable income of individuals has increased their purchasing power, which is enabling people to spend on technologically-advanced products. This is further driving market growth.

Market Segmentation, Outlook & Viewpoint: Global Europe Consumer Network Attached Storage Market



End User Market Segmentation & Outlook (Revenue, USD Million; 2014 - 2025)

Home

Business

Small Enterprises

Medium Enterprises

Large Enterprises



Design Market Segmentation & Outlook (Revenue, USD Million; 2014 - 2025)

1-bay

2-bay

4-bay

5-bay

6-bay

Above 6 bays


Key Players, Recent Developments & Regional Insights: Global Europe Consumer Network Attached Storage Market


Based on end users, the European consumer NAS market has been segmented into home and business. The deployment of NAS in small and medium businesses facilitates a significant reduction in ownership costs. Thus, the business segment is expected to account for a significant market share over the forecast period.
 
The home segment is expected to witness considerable growth, owing to the increased implementation of consumer NAS as a backup system and media streaming device. The home segment is estimated to grow at a CAGR of 17.4% over the forecast period. Networking ecosystems are transforming into data-based models, from server-based models. The increase in information storage, management, and retrieval activities has compelled consumers to opt for network storage rather than server-based storage.

Regional Insights
The presence of large-scale technology companies and significant investments in R&D are some of the major factors driving the regional market. Currently, the UK occupies a significant market share, followed by Germany, owing to the increasing demand and the benefits offered by consumer NAS.
Increasing use of consumer NAS by technology start-ups in the UK is expected to lead to a significant increase in the demand for the UK consumer NAS market.
The Italy regional market is anticipated to register a comparatively higher CAGR, owing to the increasing popularity of the benefits of NAS among users. The increase in purchasing power of individuals, due to growth in disposable income, is expected to spur the growth of the European consumer NAS market.
Europe Consumer Network Attached Storage Market Share Insights
The key industry participants in the market include Western Digital Corporation, Netgear, Inc., Synology, Inc., QNAP Systems, Inc., Asustor, Inc., Buffalo America, Inc., ZyXEL Communications, Inc., and Thecus Technology Corporation. Consumer NAS systems are widely used by small and medium enterprises as these systems offer features such as easy data storage and backup solutions.

Key Insights Covered: Global Europe Consumer Network Attached Storage Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Europe Consumer Network Attached Storage industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Europe Consumer Network Attached Storage industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Europe Consumer Network Attached Storage industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Europe Consumer Network Attached Storage industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Europe Consumer Network Attached Storage industry.

Research Methodology: Global Europe 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 analyzed 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 a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other