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Monday, March 8, 2021

CAS9 Technology Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2024

CAS9 Technology Market: Product Type (Consumables and Vectors), Application (Genome Engineering, Disease Models and In Vitro Genetic Depletion), Delivery Method (Physical Delivery Methods, Viral Delivery Methods and Non-Viral Delivery Methods) and End User (Biotechnology & Pharmaceutical Companies and Academic & Research Institutes) and Region - Global Forecast Till 2023

overview

The Global CAS9 Technology Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, the Global CAS9 Technology Market is booming and expected to gain prominence over the forecast period and is projected to grow a sound pace. The market is projected to demonstrate a sound growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017-2022).

The global CAS9 technology market has been assessed as a rapidly growing market and it is expected that it will grow further in the future due to its high demand globally. It is expected to witness high growth as it is used in various process such as DNA sequence, DNA repair, gene library development, cell line engineering, and genetic engineering. It is used in treatment and other medical procedures like cancer, hepatitis B, gene therapy and more. Moreover increasing investment in the field of research and development by various companies for the development of the CAS9 technology is boosting growth of the CAS9 market further. It is also predicted that factors such as technological advancements in the field of genome editing will also drive the market growth in the coming future.

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Competitive analysis

Characterized by the presence of several well-established and small players, the global market of CAS9 technology appears to be highly competitive and fragmented. International players are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. The intense competition prevalent in the market dictates the consolidation among marketers.

Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position.

In October-16, CRISPR Therapeutics AG, a biopharmaceutical company focused on translating CRISPR/Cas9 gene-editing technology into transformative medicines, announced the pricing of its initial public offering of 4,000,000 common shares at a public offering price of USD 14.00 per share. In addition, CRISPR Therapeutics has granted the underwriters a 30-day option to purchase up to 600,000 additional common shares at the initial public offering price, less the underwriting discounts and commissions.

In May-16, Thermo Fisher completed its acquisition of Affymetrix for USD 14.00 per share in cash, for a total purchase price of approximately USD 1.3 billion. Completion of the transaction was followed by the approval of the merger agreement by Affymetrix stockholders at the special meeting.

In December-17, GenScript Biotech Corp., the leading global provider of gene synthesis services, announced that GenScript USA Inc., its wholly owned subsidiary, have entered into an agreement to acquire 100 percent of the issued shares of CustomArray, a privately held DNA microarray company that provides customized oligonucleotide pools and microarrays to many of the world's leading academic and industrial organizations for applications in targeted sequencing, complex DNA libraries, synthetic biology, shRNA libraries, and CRISPR, from all of its shareholders.

regional analysis

Depending on geographic region, CAS9 technology market is segmented into four key regions the Americas, Europe, Asia-Pacific, Middle East & Africa. Globally America is the largest market for CAS9 technology. North America is the leading market in America as countries like U.S. and Canada having strict regulation for manufacturing medical devices and giving medical services thus improving the quality of devices and technology. This results in improving the efficiency and quality of products, devices, technology and service offered by the healthcare industry in America. Europe is expected to be second largest market globally for CAS9 technology which is expected to sustain its growth in the coming future. Asia Pacific region is expected to be fastest growing region in CAS9 technology market.

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Intelligent Transportation System Market Growth, Size, Segments and Future Forecast To 2024

Overview

Intelligent Transportation System Market is expanding at a consistent pace globally. Market Research Future, a firm which specializes in market reports related to the information and communications technology sector among others, published in its recent report on Intelligent Transportation System (ITS) Market Research Report - Global Forecast 2016 – 2022, that the market is expected to be worth USD 42.67 billion by the end of forecast period while developing with a CAGR of 12.21%.

Increase in the amount of cars and other forms of transport has triggered a need to overhaul the transportation system so that the new requirements of traffic management can be successfully integrated in them. Since the value of time and cost effectiveness has considerably risen these days -where packages, goods and individuals have to consistently arrive at the right time at their destination, the demand for an intelligent transportation system is significantly even higher now.

Some of the economically developed regions have already implemented ITS systems to a certain degree of success, but economically developing and backward regions have yet to adapt these systems. The importance of ITS systems is bound to be very high in economically developing and backward regions as they have amplified levels of traffic volumes which need to be managed effectively to empower growth of these regions. The drivers that are fuelling growth of the ITS sector are rising traffic congestions, renewed focus on road safety, urban planning challenges and shift of the freight industry to an organized sector. Lack of awareness about the benefits of ITS especially in developing countries and limited research related to the sector may create limitations for ITS sector’s growth.

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Latest Industry News:

Dec 2017 Continental and Avis Budget Group announced recently that they're testing an entirely keyless rental-car system. Using a smart device, renters will be able to lock, unlock and even start their rental car without needing to hunt down a physical key or key fob. Currently, the pilot program is limited to a single market -- the Kansas City area in USA but is likely to roll out to additional markets in the future if the trial goes according to plan. This particular Continental's intelligent transportation systems offering relies on Continental's Key-as-a-Service technology, which doesn't require any change to the circuitry or the underpinnings of the car itself.

Dec 2017 An intelligent transport system is set to be rolled out in Nairobi which will drastically reduce the traffic jams in the city. The transportation system, which includes adaptive lights that control traffic in response to road user patterns, will ensure smooth use of vehicles by improving mobility in at least 100 intersections in the city.

Dec 2017 Vivacity Labs which creates sensors with built-in machine learning that help in identifying individual road users and manage traffic accordingly have raised £3m in funding, which was made up of a £1.7m project grant from Innovate UK and £1.6m from Tracsis, Downing Ventures and the London Co-Investment Fund. The London-based start-up has already deployed 2,500 sensors across 50 square miles of Milton Keynes with a larger roll-out expected over the coming years.

Dec 2017 City planners in Bhubaneswar, India have submitted a proposal to the Centre in order to achieve considerable targets in public transport alternatives and ensure cleaner and greener environment. The proposal costing Rs 219.75 crore was submitted to the Centre recently. The e-mobility plan further details the way to achieve a non-motorized transport environment in the form of intelligent transportation system in the city along with a Command Control Centre to provide safe and easy mobility solutions and seamless management of traffic on the city roads.

Competitive Analysis

With the entry of new industry players in the intelligent transportation system segment, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced products. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.

The key players of Intelligent Transportation System are Roper Industries, Inc. (U.S), Hitachi Ltd. (Japan), Siemens AG (Germany), Thales S.A. (France), Xerox Corporation (U.S.), BRISA (Portugal), Kapsch AG (Austria) ¸Q-Free ASA (Norway), Efkon AG (Austria), Lanner Electronics Inc. (Taiwan). Some of the other key players are Denso Corporation (Japan), TomTom International BV (Netherlands), Savari Inc. (U.S.), Nuance Communications Inc. (U.S), Garmin Ltd. (Switzerland) and others.

Segments

The Global Intelligent Transportation System Market has been segmented on the basis of products, application, component and region.

On the basis of Products: Advanced Transportation Management Systems (ATMS), Advanced Public Transportation Systems (APTS).

On the basis of Application: Automotive Telematics, Traffic Management and Collision Avoidance System

On the basis of Component: Sensor, Surveillance Camera, Software, Interface Board and Monitoring

On The Basis Of Region: North America, Europe, Asia Pacific and ROW.

Regional Analysis

The global intelligent transportation system market is segmented into North America, Europe, APAC, and Rest of the World (RoW). North America has dominated the market in 2016 which is followed by Asia-pacific. Europe is expected to grow at a CAGR of 12.83% during the forecast period. Asia Pacific is expected to grow from a market size of USD 5.65 billion in 2016 to USD 12.10 billion by 2022. ROW is expected to grow at a CAGR of 8.67% during the forecast period.

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Machine Learning Market Competitive Dynamics, Size, Share and Global Outlook by forecast 2024

Market Synopsis:

According to Market Research Future (MRFR)’s analysis, the global machine learning market is expected to scale new heights in the upcoming years. The technology has gained momentum in the data-driven industries with the rising penetration of big data analytics. In addition, the market is expected to encash the opportunities unleashed by the technological advancements in the years to come.

Machine learning is an Artificial Intelligence integrated program which is excessively used for predictive analysis. It is being widely adopted by the business houses for making informed decisions to achieve their objectives & goals and ensuring efficiency. Furthermore, it facilitates a customer-centric approach for reaching to customers. this, in turn, is expected to augment the machine learning market over the next couple of years.

Machine learning is almost inevitable for any technological innovation. From healthcare to the automotive sector, it is responsible for acceleration of revenue creation. It is projected to favor the expansion of the machine learning market across the review period.

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Market Segmentation:

By components, the global machine learning market has been segmented into software tools, cloud and web-based APIs, and others.

By service, the machine learning market has been segmented into professional services and managed services.

By application, the global machine learning market has been segmented into BFSI, healthcare, government, automotive, education, media and entertainment, defense, telecom, retail and e-commerce, and others.

By organization size, the machine learning market has been segmented into Small and Medium Enterprises (SMEs), and large enterprises.

Regional Analysis:

The global machine learning market, by region, has been segmented into North America, Europe, Asia Pacific (APAC) and the Rest of the World (ROW). This MRFR report indicates that North America is likely to hold a substantial share of the global market owing to the vast presence of key players. Furthermore, the market is at a nascent stage and is expected to witness an influx of new entrants. In addition, significant growth is on the cards for these new startups as they exhibit more adaptability than the tech-giants.

Europe is projected to thrive at a high CAGR and account for the maximum share of the machine learning market. The growth can be ascribed to the innovation and commercialization of artificial intelligence and machine learning technologies. London has been presumed to hold the greatest number of startups and fuel venture capital funds, investments, etc. into the market. Meanwhile. Asia Pacific resonates strong potential for growth. It is forecasted to expand at a moderate pace through the forecast period.

Competitive Dashboard:

Some of the major players operating in the global machine learning market are Google Inc. (U.S.), IBM Watson (U.S.), Facebook (U.S), Baidu (China), Microsoft (U.S.), Cisco (U.S.), Apple (U.S), Wipro (India), Amazon (U.S), Intel (U.S.), and Nuance Communications (U.S.).

Industry News:

In February 2019, a San Francisco startup, Affinity, has raised USD 26.5 Mn for the management of relationships with machine learning, “relationship intelligence” platform.

In February 2019, a Dartmouth research team has developed the latest machine learning method for predicting whether atypical ductal hyperplasia will turn cancerous.

In February 2019, Swedish distribution and artist services platform, Amuse, has announced that it will use machine learning for the calculation of royalty advances.

In February 2019, Firefox browser, Mozilla, has announced the deployment of a machine learning driven coding assistant, Clever-Commit, for cutting down the number of coding errors. It has been developed in collaboration with the game developer, Ubisoft.

In February 2019, Azure Stream Analytics, by Microsoft, has announced the utilization of machine learning for the introduction of detection functions in stream analytics.

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Quantum Computing Market Business Overview, Challenges, Opportunities, Trends and Market Analysis and Forecast To 2023

Market Overview

The surge in demand from the BFSI sector is anticipated to motivate the quantum computing market 2020. The packaging and transport industry reports are produced by Market Research Future, which highlights market options for expansion. A CAGR of 34% is predicted to guide revenues to USD 2.82 billion by 2023.

The diversity of applications in quantum computing is expected to open up new areas for growth in the duration of the forecast period. The rise in opportunities from the public sector is estimated to sustain the development of the quantum computing market in the forecast period.

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Segmental Analysis

The segmental study of the quantum computing market is conducted based on application, product type, vertical, and region. Based on the application, the quantum computing market is segmented into machine learning, optimization, simulation, and others. On the basis of product type, the quantum computing market is segmented into software, hardware, and services. Based on the vertical, the quantum computing market is segmented into energy & power, information technology (IT) & telecommunication, healthcare, aerospace & defense, BFSI, transportation, and others. On the basis of regions, the quantum computing market is segmented into Europe, Africa, North America, APAC, and the Middle East.

Detailed Regional Analysis

The regional examination of the quantum computing market includes regions such as Europe, Africa, North America, APAC, and the Middle East. The opinion is relatively positive towards the North American region’s quantum computing market. The countries of the U.S. and Canada are technologically superior countries, which is permitting a sooner implementation of quantum computing tools in the North American region. The North American quantum computing market is anticipated to reveal a CAGR of 31.3% for the duration of the forecast period and attain a valuation of an additional USD 952.29 Million. Furthermore, a notable investment range towards R&D by both private and public is also influencing the market favorably in the region. The U.S. holds the principal portion In terms of value, of the North American quantum computing market. In addition, the existence of tech Goliaths, such as among others, gives the U.S. market an edge in the coming years.

Competitive Analysis

The stability of the economic state is expected to further lend to the favorable development in the global market strength. The improvement in research and development facilities and equipment is further projected to influence the growth of the market in the forecast period. The scope of development of the market shows a high growth potential that the market can achieve in the coming years. The strategic allocation and positioning of assets are expected to aid each competitor in the mart with their growth goals. The inducement of certain regulations introduced by the governments of several countries is estimated to enhance the profits that can be gained by the market. The availability of suitable means to build robust distribution channels is estimated to characterize the future expansion of the market in the forecast period. The need to prepare for contingencies such as natural disasters, pandemics, and international trade wars is expected to allow the market a better capability to deal with the challenges.

The distinguished players leading the quantum computing market are D-Wave Systems Inc., Cambridge Quantum Computing Ltd., Atos SE, Intel Corporation, IBM Corporation, QxBranch, Inc., QRA Corp, Rigetti & Co, Inc., Google, and QC Ware Corp.

Industry Updates:

Apr 2020 Seeqc, a startup company which is a division of a comparatively novel class of quantum computing firms is researching how to best use classical computing to handle quantum processors, recently announced that it had raised USD 5 million from M Ventures, the strategic corporate venture capital division of Merck, the German pharmaceutical titan.

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Content Delivery Network Market Growth Rate, Future Scope, Analysis, Business Development and CAGR To 2024

Industry Insight

The fast uptake and development of a content delivery network are progressively becoming a crucial component of any enterprise. Market Research Future predicts the potentiality of the global Content Delivery Network market 2020. It can achieve a high valuation by the year 2023. Such a high valuation will garner at a growth rate of 26.5% in the forecast years (2018 to 2024).

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Top Impacting Factors

The market expansion can be accredited to the escalating volumes of content being exchanged over the internet in line with the continued rapid network rollouts. Effective solutions would be needed to ensure uninterrupted content delivery over a high-speed data network, mainly to cater to the growing demand for Video-on-Demand (VOD) and Over the Top (OTT) services. In fact, plummeting data costs coupled with rising affordability and accessibility of broadband and mobile network access are some of the other foremost factors anticipated to motivate the demand for content delivery network solutions.

MRFR also spotlights on the fact that the e-commerce industry is sprouting continuously in line with shifting consumer behavior. As such, CDN solutions are employed to ensure that consumers have access to all the content necessary to make an informed buying decision. CDN solutions are also employed aggressively to optimize delivery as consumers shift from conventional television to video content delivery. At the same time, the performance of digital solutions based on an IoT network across various industries is also prompting content delivery network providers to introduce customized industry-specific content delivery network solutions. The mounting adoption of advanced technologies, such as artificial intelligence (AI) and augmented reality (AR), are also opening opportunities to launch innovative content delivery network solutions in the future. All these factors are ready to contribute to the global content delivery network market in the forecast period.

Furthermore, in countries, such as India and China, the fame of online gaming and the preference for digital marketing is escalating. The advances in technology, coupled with the rollout of smart cities and 4G network rollouts, are also encouraging opportunities to come into the market. On this line, large access providers and platform companies are pursuing integration initiatives to withstand the intense competition globally. As such, companies offering technology solutions are moving into content market space. The mounting population, coupled with the advent of new network technologies, is also motivating content consumption and content delivery network. The digitization of the media & entertainment industry is particularly driving market growth to a great extent.

Segmentation of Market:

The global content delivery solutions market has further been studied among segmentation, including segments of type, solutions, application, service providers, and vertical.

By the segment of type, the market has included a standard content delivery network, video content delivery network.

By the segment of solutions, the market has included media delivery, web performance optimization, and cloud security.

By the segment of the application, the market has included network optimization, OTT streaming, analytics & performance monitoring, and website & API management.

By the segment of service providers, the market has included traditional content delivery networks, Telco content delivery networks, and cloud services providers.

By the segment of vertical, the market has included retail & e-commerce, media & entertainment, BFSI, gaming, IT & telecommunication, education, and others.

Regional Outlook

North America, Europe, Asia-Pacific, and the rest of the world are the key regions mentioned in the global content delivery solutions market’s regional analysis.

Among these regions, the North American region is anticipated to lead the content delivery network market during the study period. The early adoption of IoT technology and smart devices such as Smartphones and smart TV in North America are some of the factors motivating the growth of the regional market. Furthermore, the incidence of technology leaders such as Verizon Digital Media, Amazon Web Services, Akamai Technologies Inc., and CenturyLink is likely to contribute to the growth of the content delivery network market in the region. The US, after Canada, leads the market in North America.

The market in Asia-Pacific is also anticipated to occupy a significant share where China is likely to lead the market.

Europe trails North America in the global content delivery network market. The Asia Pacific is forecasted to outpace all other regions by growth owing to enhancements in technology in emerging countries of the region.

Top Market Contenders

The top market players of global CDN market are listed as Limelight Networks Inc. (US), Akamai Technologies Inc. (US), Tata Communications Ltd (India), CenturyLink (US), StackPath, LLC (US), Fastly Inc (US), Verizon Communications Inc. (US), CDNetworks Co. Ltd (South Korea), AT&T Inc. (US), Amazon.com Inc. (US) and Comcast Corporation (US).

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Video Streaming Market Size, Share, Growth Rate, Trends, Analysis, Future Scope, Forecast To 2023

Industry Insights

Analysts from Market Research Future project economy of developed regions which could rise as the global video streaming market 2020 is now having the potential to expand at a high rate of 20.8%, which is actual CAGR. The market will be getting high valuations to post COVID-19 impact. The study portrayed the market’s status and claimed that the growth would be continued to seek far more valuation between 2018 and 2023 (forecast period).

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Top Impacting Factors

The video streaming market is maximizing its revenue, amid COVID-19 breakthrough, by venturing into the education sector. With an enthusiastic response from education institutes, students and learners, and third-party vendors are coming with numerous massive open online courses (MOOC) across the world.

Other significant drivers of the video streaming market accredited to the surging popularity of social media platforms that have improved access to the internet and connectivity to a great extent in the current impact of COVID-19, where everything is shut. In the case of point, an explosive growth of 99% is exhibited by the video content on media platforms, mainly on YouTube the current time. Such platforms are increasingly becoming more popularly used as an advertising revenue model for generating income. Therefore, based on this model, YouTube has generated maximum revenue, which is closely followed by Facebook Inc.

Most importantly, AI is playing a pivotal role in cinematography, editing, scriptwriting, voice-overs, and numerous other aspects of video production. Assorted video streaming solution providers use AI to progress the content quality of videos. In the recent past, the recognition of such platforms over broadcast media such as Netflix has augmented considerably. Moreover, the rapid adoption of mobile phones owing to the mounting popularity of social media platforms and other digital mediums for branding and marketing is also anticipated to drive the global video streaming market.

Furthermore, another factor, such as the high adoption of digital media across various industry verticals, has also led to the growing viewer inclination toward various streaming solutions and services. In the case of point, back in November 2019, Apple Inc. entered the online video cascading industry by launching its TV+ service. In June 2019, Wowza Media Systems, LLC, announced a complete range of professional services for video-related solutions providers. Also, in March 2019, Google unveiled its cloud-based gaming console, ‘Yeti,’ which features game streaming services along with gaming hardware.

In the last, the video streaming industry is anticipated to post a short turn impact of COVID-19 to attain a rapid growth with advancements in digital technologies and the appearance of 5G network connectivity services. Also, partnerships and agreements among the telecom network providers and video streaming providers are highly possible to increase in the forecast period and would take the video streaming market to the next level of growth.

Segmentation of Market

The global video streaming market has further been segmented along the following lines:

In terms of type segment: Comprises of on-demand video streaming and live video streaming.

In terms of deployment: Comprises of cloud and on-premise.

In terms platform segment: Comprises of Smartphones, smart TVs, laptops & desktops, and gaming consoles.

In terms component segment: Comprises of software solutions (video analytics solution, video management solution, and video security solution) and services (professional services, and managed services).

In terms of the model segment: Comprises of advertisement supported video on demand, subscription video-on-demand, hybrid, and transactional video on demand.

Region-Wise Analysis

Regionally, North America grabbed the largest market share, significantly owing to the rapid growth of cloud-based streaming services. Meanwhile, Europe also assumed a notable market share and is likely to observe a steady growth owing to a vast population base watching online content.

On the other hand, Asia Pacific is also projected to exhibit the fastest growth over the forecast period, attributed to escalating use of mobiles and tablets, rapid technological advancements, and recognition of online streaming. It is the Over-the-top (OTT) solutions that have transformed the way content is consumed among viewers in the Asia Pacific region. Incumbent telecommunication providers and multichannel operators have also proactively pursued technological innovation and advancement using video streaming for marketing techniques in this region. With the fastest expanding broadband internet population, several operators in Southeast Asia have expanded monetization opportunities by offering video streaming multichannel services along with fixed-mobile packages. These initiatives taken by service providers are causative to market growth in the Asia Pacific.

Top Grossing Market Players

The top players of the global video streaming market are listed as Adobe Inc. (US), Netflix, Inc. (US), Microsoft Corporation (US), Amazon Web Services (US), Google LLC (US), Apple Inc. (US), IBM Corporation (US), Cisco Systems Inc. (US), Akamai Technologies Inc. (US), Walt Disney Company (Hulu) (US).

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Network-Attached Storage (NAS) Market Global Trends and Forecast To 2023

Market Highlights:

The Global Network-Attached Storage Market is growing rapidly mainly due to the efficient, cost-effective solutions NAS provides for data storage & retrieval. The high revenue growth in the small and medium enterprises across the end-user is a major factor likely to result in the huge growth of the NAS market over the forecast period. The increase in adoption of NAS by small and medium enterprises is another key driving force escalating the market on the global heights.

Acknowledging the exponential growth, this market perceives currently Market Research Future (MRFR) in its recently published study report asserts that the global network-attached storage market is projected to reach approximately 44.96 BN USD by 2023, registering a striking double0digit CAGR over 20% between 2017 and 2023.

The Network-Attached Storage systems provide users with cost-effective solutions for increased control over data and the greater flexibility to accommodate changing business conditions. The rising demand of NAS system across industries fosters the growth of the market. The increasing utilization of network-attached storage systems is the potential driver for small and medium enterprises, especially in emerging economies.

The uptake of NAS systems among smaller organizations is mainly driven by the benefits offered by network attached storage systems such as centralized control, shared storage, and flexibility to share capacity between multiple hosts. The need to meet regulations & compliance and to improve & sustain strategic risk management have fuelled the growth of the network attached storage systems market.

The augmenting demand to capture and analyze the rapidly increasing data in the digital technologies such as the Internet of Things (IoT), cloud computing, and the big data analytics are generating the demand for the network attached storage systems.

Additionally, factors such as the growing volume of business data, increasing regulatory pressure, increasing usages of external data sources, and the need for improvement of the performance of data are substantiating the growth of the market.

On the flip side, factors such as lack of awareness and security issues are estimated to obstruct the growth of the market. Nevertheless, factors like the increasing demand for data access functions in big data, and the evolving artificial intelligence are expected to boost the growth of the network-attached storage market over the forecast period, 2017-2023.

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Segments:

The MRFR analysis is segmented into five key dynamics for the convenience of understanding;

By Types : Small-medium business-level NAS, Enterprise NAS storage, and Consumer Level NAS among others.

By Storage Solution : Scale-up and Scale-out among others.

By Deployment Type : Remote, On-premise, and Hybrid among others.

By End-user : Healthcare, Government, BFSI Telecommunication, and IT among others.

By Regions : North America, Europe, APAC, and the Rest-of-the-World.

Regional Analysis:

North America region is the largest market in terms of the market share in the global network-attached storage market owing to the presence of many industries. The study signifies that network-attached storage is trending among the small and medium enterprises and its market is projected to be the most attractive markets in the region.

Factors substantiating market growth include the unparalleled expansion of data, increasing the adoption of the Internet of Things (IoT), and stringent data related to regulatory compliances. Moreover, the factors such as the early adoption of emerging technologies, substantial investments in cloud-based solutions, and the presence of a huge number of players present in this region are supporting the market growth.

The European region will be the second largest market share for network-attached storage solutions during the forecast period. The augmenting demand for NAS from the increasing number of data infrastructures to ensure continuous delivery of the data management services.

The Asia Pacific network-attached storage market is emerging as a profitable market. Factors substantiating the market growth include the increasing demand for digitization and raising awareness about the new technological solutions. Additionally, the rising stringent data related regulatory compliances drive the market growth in the region.

Competitive Analysis:

Characterized by the presence of many large and small-scale players, the global network-attached storage market appears highly fragmented and competitive. Well-established players incorporate strategic initiatives such as the acquisition, collaboration, expansion, technology launch, and partnership to gain a competitive advantage in the market and to maintain their market positions. Strategic partnerships between the players support the growth and expansion plans of the key players. These players compete based on pricing, technology, reputation, and services.

Key Players:

Some of the leaders of the market include Synology, Inc. (Taiwan), NETGEAR, Inc. (US), Buffalo Americas (US), Dell EMC (US), Seagate Technology PLC. (US), Hewlett-Packard Enterprise Company (US), Western Digital Corporation (US), Hitachi Data Systems Corporation (US), NetApp, Inc. (US), and QNAP Systems, Inc. (Taiwan).

Industry/Innovation/Related News:

December 11, 2018 – QNAP Systems, Inc. (Taiwan), a corporation specializing in Network-attached storage appliances used for virtualization, file sharing, storage management, and surveillance applications launched the TS-977XU AMD Ryzen™ NAS series. The release happens to be QNAP’s first 1U hybrid-structure NAS.

November 21, 2018 – QNAP Systems, Inc. (Taiwan), a corporation specializing in Network-attached storage appliances used for virtualization, file sharing, storage management, and surveillance applications released a special-purpose accelerator - Mustang-200 based on two Intel CPUs that are designed to significantly boost the processing capabilities of NAS boxes and even PCs.

Mustang-200 can speed up access to data located on a NAS box, and can also be used to increase image processing capabilities of NASs used for surveillance, run AI and ML apps, or speed up virtual machines.

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