DUBLIN--(BUSINESS WIRE)--The "Storage Area Network Market" report has been added to ResearchAndMarkets.com's offering.
The Global market for Storage Area Network (SAN) is forecast to reach $17.9 billion by 2027, growing at a CAGR of 2.5% from 2022 to 2027.
The market growth is attributed to the factors such as growing deployment of cloud-based Direct-Attached Storage (DAS) system, rising growth of advanced technologies such as IoT, AI and many others along with providing increased work productivity across different industries. Moreover, growing investments from various sectors towards infrastructure development are also booming the market growth.
One of the major factors of using storage area network is centralized backup. In centralized backup servers, user have backup in the main server and will be able to view stored data on local disks. Few additional features of this Network-Attached Storage (NAS) are storage virtualization, clustered file system and dynamic failover protection. Moreover, easy availability and increase in I/O performance with increase in number of interconnected devices make server service area network an efficient system.
Globally advancement of technology and business operations, and low upgradation cost are the prime growth drivers of storage area network market. However, deployment issues owing to complicated integration is a key restraint for storage area network market.
Report Coverage
The report covers an in-depth analysis of the following segments of the Storage area network market.
- By Solution Type: Hardware and Software.
- By Service Type: Integration Service, Consulting Services, Training, Support services.
- By Type: Hyper scale, Enterprise.
- By Organisation Size: Small, Medium and Large enterprises.
- By Technology: Fiber Channel (FC), Fiber Channel Over Ethernet (FCoE), InfiniBand, iSCSI Protocol, others.
- By End users: BFSI, IT & Telecom, Energy & Utility, Government, Military & Defence, Healthcare, Manufacturing, Retail & e-Commerce, Others.
- By Geography: North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, South korea, Australia and Others), South America (Brazil, Argentina and others), and ROW (Middle East and Africa).
Storage Area Network Market Drivers
Technological advancements
With rapid technological growth, there is rise of structured as well as unstructured data in the market. Large enterprises as well as small scale businesses both require a flexible data storage management system to store their huge amounts of data securely. Rising technological advancements such as adoption of cloud, IOT and many others are significantly contributing towards higher growth of storage area network market. Moreover, rapid adoption of such advanced technologies for creating a reliable and comparatively more cost efficient data storage management has been helping the mid-size industries for enhancement of the business thereby impacting the market growth.
Implementation of FCoE
The new implementation of support for FCoE with 10GBASE-T infrastructure allows data centres to offer lightweight physical cabling while adopting either protocol at a much lower cost. Fibre Channel over Ethernet (FCoE) software reduces necessity for parallel networking and storage networks, minimising costs and complexities. While FCoE is yet to become the cornerstone, its capacity to seamlessly communicate with established FC storage area networks will in the near future widen its functionality capability.
Storage Area Network Market Challenges
Interoperability issues
Several standards have been developed for fibre channel technologies. Different implementations of these specifications by manufacturers have contributed to the creation of devices that often cannot operate together on the same network. Such interoperability-related problems would be a major problem for businesses in the storage area network market.
Storage Area Network Market Landscape
Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Storage area network market. As of 2019, the market for Storage area network market is consolidated with the top players including Dell Technologies Inc., IBM Corporation, Oracle Corporation, Hitachi Ltd., Huawei Technologies Co., Ltd., NetApp, Inc., NEC Corporation, Hewlett Packard Enterprise, Pure Storage, Inc., Fujitsu Limited and among others.
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