Los Angeles, December 6, 2019 – Increasing data volume with a high amount of data creation has necessitated the need for high capacity data storage options with faster and accessible solutions. High demand for innovative data storage is expected to offer scope for digital storage technologies. According to a new report published by QY research titled, "Global Enterprise NAS HDD Market Report, History and Forecast 2014-2025," estimated for the period of 6 years, the global Enterprise NAS HDD market was valued more than US$ 5.5 Bn in 2018 and is anticipated to reach above US$ 7 Bn in 2025. The market is anticipated to register a sluggish CAGR of 2.7% from 2019 to 2025 as per the report.
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Lack of Online Backup Solution and Disaster Recovery Options to Hamper the Growth of the Global Market
Enterprise NAS HDD is majorly used as storage drives that provide faster data access, simple configuration, and easier administration. It is a convenient method for sharing files to multiple computers. Enterprise NAS HDD devices provide one or more hard disk drives.
However, due to the success of file servers, customers have shown an increasing preference for online backup solutions to manage disaster recovery, which necessitates the need for providing these solutions in Enterprise NAS HDD devices. Another major factor responsible for hampering the growth of the market is Enterprise NAS HDD devices without one year warranty, with other lacking features such as larger cache and tailored firmware to control heat, vibration, and power use.
Power Consumption and Performance is Expected to Determine the Growth of the Type Segment
The Type segment is segregated into 2-4 TB, <2 TB, and > 4TB. Workload, power consumption, and performance are major factors influencing customers’ preferences for different types of Enterprise NAS HDD devices available in the market. The application segment is bifurcated into offline sales and online sales.
Enhanced Data-storage with High Reliability is Anticipated to Propel the Growth of the Regional Market
The report have covered regions such as North America, Asia Pacific, Europe, Middle-East and Africa. Enterprise NAS HDD devices offer enhanced system scalability and reliability, which is an advantage for its applications in businesses that require a high amount of data storage. This is an important factor expected to contribute to the growth of the market particularly in developed countries and developing economies having a robust digital infrastructure.
Key Players Are Expected to Focus on New Product Launch to Offer Innovative Solutions
Top players operating in the global Enterprise NAS HDD market are Western Digital, Seagate, Lenovo, Toshiba, Synology, HGST, NETGEAR, and Asustor. Top players are involved in a new product launch to offer innovative solutions. For instance, in 2016, Seagate Technology launched NAS HDD optimized for RAID offering reliable solutions for medium and small-sized businesses.
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