NAS Market to grow at 20% CAGR from 2018 to 2024 Network Attached Storage Market | Page 2

Elaborating further, storage solution giant Synology has recently upgraded its 6 Bay
NAS device. An enhanced version of its predecessor, DS3018xs in particular,
DS1618+ though exhibits a similar design as that of a 6 Bay layout, is claimed to
feature a better Intel quad-core processor. For the record, Synology’s flagship
DS3018xs, which was launched in 2017, incorporates Pentium D1208 dual-core 2.2
GHz processor. Not just that, it is also inbuilt with PCle slots for installing an optional
dual M.2 SATA SSD adapter that can shift processing into solid state drives in a bid
to maintain efficiency and speed. Synology’s latest 6 Bay NAS tower, DS1618+ is
touted to be an exceptional one as it amalgamates all these features with an enhanced
processor and is touted as a disruption of sorts in the product landscape of NAS
industry.
Concurrently, the company has also launched four other DS+ and DS models last year
that are claimed to replace the existing NAS enclosures. This incidence particularly
validates how 1 Bay to 8 Bay NAS towers are gaining a mass popularity in network
attached storage market, primarily aided by the increased adoption of these systems
for consumer applications. In fact, estimates claim, the 1 Bay to 8 Bay NAS market to
witness the fastest growth at 25% y-o-y 2018-2024.
Speaking of the design landscape, it is prudent to mention that in 2017, 12-bay to 20-
bay also emerged as one of the top-notch solutions having procured almost 40% of
the overall NAS industry share. The major customers were reported to be SMEs and
the SOHO sector. One of the popular trends this segment has been undergoing is the
development of highly enhanced performance-oriented storage systems that ensure
reliability as well as security. The sector has indeed been an acclaimed venturing hub
for the industry players considering its rich end-use base.
North America NAS Market Size, By Business Application, 2017 & 2024 (USD
Million)
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