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Global Consumer NAS Market to Grow 11.01% by 2020 - Increase in Number of Connected Home Devices - Research and MarketsDUBLIN, July 14, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Consumer NAS Market 2016-2020" report to their offering. The report forecasts the global consumer NAS market to grow at a CAGR of 11.01% during the period 2016-2020.
A trend which is positively impacting the market is the reduction in prices of individual consumer NAS devices. The cost of devices such as computers, tablets, smartphones, and hard drives is reduced on a YoY basis or when a powerful alternative to a device is released by vendors. Few individual consumers are unaware of NAS appliances bein an alternative to external hard drives and DAS. According to the report, a key growth driver is the increase in the number of connected home devices. Many individuals use Wi-Fi-enabled devices such as smartphones, tablets, and laptops, to communicate for personal and professional purposes on a global scale. These devices also have internal and external storage, which is useful for storing files, pictures, and videos as a form of immediate storage. The capacities of these devices are increasing, but they will not be sufficient to accommodate significant amounts of data. Further, the report states that one challenge that could curtail market growth is connectivity challenges. Key vendors:
Key Topics Covered: Media Contact: Research and Markets 
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