The Ethernet Storage Fabric Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Ethernet Storage Fabric Global Market Report 2024, The ethernet storage fabric market size is expected to see rapid growth in the next few years. It will grow to $3.49 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%. The growth in the forecast period can be attributed to increasing data volumes, rising demand for AI, growing emphasis on data security, increasing green initiatives, and rising need for enterprise mobility. Major trends in the forecast period include technological advancements, implementation of AI, hybrid cloud storage solutions, virtualization technology, and adoption of cloud-based services.
The increasing adoption of cloud computing is expected to propel the growth of the ethernet storage fabric market. Cloud computing is a technology model that enables on-demand access to a shared pool of configurable computing resources, such as servers, storage, databases, networking, software, and analytics, over the internet. The increasing adoption of cloud computing is due to its transformative impact on business operations, enabling organizations to innovate faster, reduce costs, improve efficiency, and better respond to changing market dynamics and customer needs. Ethernet storage fabric enhances cloud adoption by providing efficient, scalable, high-performance storage networking solutions that support modern cloud applications, services, and infrastructure. For instance, in December 2023, according to Eurostat, a Luxembourg-based intergovernmental organization, around 45.2% of enterprises within the European Union procured cloud computing services, primarily for hosting email systems, storing electronic files, and performing various tasks. Compared to 2021, EU enterprises’ purchases of cloud computing services rose by 4% in 2023. Therefore, the increasing adoption of cloud computing is driving the growth of the ethernet storage fabric market.
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The ethernet storage fabric market covered in this report is segmented –
1) By Device: Switches, Controllers, Adapters
2) By Switching Port: 10 GbE to 25 GbE, 40 GbE to 50 GbE, 100 GbE And Above
3) By Storage Type: Block Storage, Hyper-Converged Infrastructure, File Storage, Object Storage
4) By Application: Telecommunications, Aerospace, Manufacturing And Processing, Oil And Gas, Government, Power And Utilities, Mining, Other Applications
Major companies operating in the ethernet storage fabric market are focusing on developing innovative products, such as optimized ethernet switches, to provide a high-capacity fabric for artificial intelligence (AI) and machine learning (ML) workloads. An optimized ethernet switch is designed or configured to maximize performance, efficiency, and flexibility in data transmission within local area networks (LANs) or data center environments. For instance, in October 2023, Edgecore Networks, a US-based provider of networking solutions for data centers, launched an 800G-optimized switch, the DCS560. The DCS560 is a cutting-edge 800G-optimized Ethernet switch designed to provide a high-capacity, low-latency fabric for AI and machine learning workloads. This robust 2RU system boasts an impressive 51.2 Tbps of total bandwidth and is equipped with 64 high-speed 800G ports. The compact and redundant design of the DCS560, featuring power and fan tray redundancy, ensures five availability and a wide operating range for demanding cloud applications.
The ethernet storage fabric market report table of contents includes:
1. Executive Summary
2. Ethernet Storage Fabric Market Characteristics
3. Ethernet Storage Fabric Market Trends And Strategies
4. Ethernet Storage Fabric Market – Macro Economic Scenario
5. Global Ethernet Storage Fabric Market Size and Growth
…..
32. Global Ethernet Storage Fabric Market Competitive Benchmarking
33. Global Ethernet Storage Fabric Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Ethernet Storage Fabric Market
35. Ethernet Storage Fabric Market Future Outlook and Potential Analysis
36. Appendix
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