Overview and Scope
A server storage area network is a high-speed, specialized network that connects servers to a centralized pool of storage devices, providing block-level storage access to multiple servers. This architecture separates storage from the local servers, enabling efficient, scalable, and flexible storage management, and is commonly used in enterprise environments to enhance storage utilization, performance, and data protection.
Sizing and Forecast
The server storage area network market size has grown strongly in recent years. It will grow from $20.87 billion in 2023 to $22.38 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to the rising data explosion, virtualization, adoption of cloud computing, focus on cost reduction, and performance demands.
The server storage area network market size is expected to see strong growth in the next few years. It will grow to $29.74 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to data growth, rising digital transformation initiatives, big data and analytics, and the rising interest in the Internet of Things. Major trends in the forecast period include growth in demand for hyper-converged infrastructure, expansion of edge computing, shift to software-defined storage, the rise of artificial intelligence and machine learning workloads, and advancements in data security
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Segmentation & Regional Insights
The server storage area network market covered in this report is segmented –
1) By Type: Hyperscale Server Storage Area Network, Enterprise Server Storage Area Network
2) By Services: Professional, Managed
3) By Application: Small Enterprise, Medium-Sized Enterprise, Large Enterprise
4) By Industry Vertical: Information Technology (IT) And Telecommunication, Banking, Financial Services, And Insurance (BFSI), Manufacturing, Mobile And Entertainment, Government And Defense, Healthcare And Life Sciences
North America was the largest region in the server storage area network market in 2023. The regions covered in the server storage area network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing penetration of Internet of Things (IoT) devices is expected to propel the growth of the server storage area network market going forward. Internet of Things (IoT) devices are physical objects embedded with sensors, software, and other technologies that enable them to connect and exchange data with other devices and systems over the Internet or other communication networks. The adoption of Internet of Things (IoT) devices is rising due to their ability to enhance efficiency, automation, and data-driven decision-making across various industries and everyday life. IoT devices in a server storage area network (SAN) enhance monitoring, management, and optimization of storage resources through real-time data collection and analysis. For instance, in September 2023, according to a report published by Ericsson, a Sweden-based telecommunications company, global IoT connections reached 15.7 billion in 2023 and are forecast to grow to 38.9 billion by 2029. Therefore, the increasing penetration of Internet of Things (IoT) devices is driving the growth of the server storage area network market.
Key Industry Players
Major companies operating in the server storage area network market are Dell Inc., Huawei Technologies Co. Ltd., Lenovo Group Limited, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Broadcom Inc., Hewlett Packard Enterprise (HPE), Fujitsu Limited, Western Digital, Seagate Technology, NetApp Inc., Hitachi Vantara, Pure Storage, Kaminario, Quantum Corporation, Promise Technology, DataCore Software, Infortrend Technology, StarWind Softwarea, X-IO Technologies
The server storage area network market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
……….
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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