Get 15% OFF on all 2025 Global Market Reports until March 31st! Apply code FY25SAVE and grab your savings today!
What is the current size and annual growth rate of the storage area network market?
The storage area network market size has grown rapidly in recent years. It will grow from $25.08 billion in 2024 to $28.67 billion in 2025 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to increasing regulatory requirements, cost reduction in storage hardware, high availability and performance needs, disaster recovery and business continuity, data center consolidation, and adoption of server virtualization.
The storage area network market size is expected to see rapid growth in the next few years. It will grow to $48.29 billion in 2029 at a compound annual growth rate (CAGR) of 13.9%. The growth in the forecast period can be attributed to the growth of big data and analytics, hybrid and multi-cloud environments, rising cybersecurity threats, advancements in storage technologies, and digital transformation initiatives. Major trends in the forecast period include increased adoption of hyper-converged infrastructure, edge computing expansion, software-defined storage (SDS), hybrid and multi-cloud integration, sustainability and energy efficiency, automation, and orchestration.
Get Your Free Sample of The Global Storage Area Network Market Report:
Server Storage Area Network Market Report 2025
Which major factors have contributed to the expansion of the storage area network market?
The growing adoption of cloud computing is expected to propel the growth of the storage area network market going forward. Cloud computing is the delivery of computing services over the internet, including storage, processing power, and applications, on a pay-as-you-go basis. The surge in the adoption of cloud-based solutions is driven by their scalability, cost-effectiveness, and ability to support remote work and digital transformation. Cloud computing enhances storage area network (SAN) capabilities by offering scalable, on-demand storage resources accessible over the internet, optimizing storage efficiency and flexibility while minimizing infrastructure costs and management complexities. For instance, in December 2023, according to Eurostat, a Luxembourg-based intergovernmental organization, 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, purchases of cloud computing services among EU enterprises rose by 4% in 2023. Therefore, the growing adoption of cloud computing is driving the growth of the storage area network market.
How is the storage area network market segmented?
The storage area network market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Technology: Fiber Channel (FC), Fiber Channel Over Ethernet (FCoE), InfiniBand, Internet Small Computer System Interface (iSCSI) Protocol, Other Technologies
3) By Organization Size: Small Enterprises, Medium Enterprises, Large Enterprises
4) By Industry Vertical: Banking, Financial Services And Insurance (BFSI), Information Technology (IT) And Telecommunication, Government Offices, Retail And E-commerce, Energy And Utility, Aerospace And Defense, Education, Healthcare, Manufacturing, Other Industry Verticals
Subsegments:
1) By Hardware: San Switches, Storage Controllers, Storage Devices (Disk Arrays, Tape Libraries), Host Bus Adapters (Hbas), Cables And Connectors, Storage Networking Equipment (Fibre Channel, Ethernet Adapters)
2) By Software: Storage Virtualization Software, Data Protection And Backup Software, Storage Management Software, Disaster Recovery Software, File Systems And Storage Operating Systems, Security Software For San
3) By Services: Installation And Configuration Services, Consulting And Integration Services, Managed Services (For San Monitoring And Management), Data Migration Services, Maintenance And Support Services, Cloud Storage Integration Services
Order your report now for swift delivery
Server Storage Area Network Market Report 2025
Who are the top competitors in the storage area network market?
Major companies operating in the storage area network market are Dell Technologies Inc., Huawei Technologies Co. Ltd., International Business Machines Corporation, Broadcom Inc., SK hynix Inc., Fujitsu Limited., Hewlett Packard Enterprise Development LP, Toshiba Electronic Devices & Storage Corporation, NEC Corporation, Texas Instruments Incorporated, Western Digital Corporation, NXP Semiconductors N.V., NetApp Inc., Marvell Technology Group Ltd., Citrix Systems Inc., Hitachi Vantara LLC, Nutanix Inc., DataCore Software Corporation, Everspin Technologies Inc., Viking Technology, StorMagic Ltd.
Which key trends are expected to influence the storage area network market in the coming years?
Major companies operating in the storage area network market are focused on developing innovative solutions, such as block storage-only appliances, to streamline storage environments. A block storage-only appliance is a specialized storage solution designed for providing block-level data storage in a Storage Area Network (SAN) environment. For instance, in May 2023, NetApp, a US-based data-centric software company, launched the NetApp ASA A-series, a first-ever block storage-only appliance for customers seeking simplified block storage solutions. It offers unique features such as advanced data management capabilities, including data deduplication, thin provisioning, and snapshot technology, along with seamless integration into existing SAN environments and high availability for mission-critical applications.
Which regional trends are influencing the storage area network market, and which area dominates the industry?
North America was the largest region in the storage area network market in 2023. The regions covered in the storage area network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Storage Area Network Market Report 2025 Offer?
The storage area network market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A storage area network (SAN) is a high-speed, specialized network that connects multiple servers to a centralized pool of shared storage devices, such as disk arrays and tape libraries. It provides block-level storage access for enhancing data transfer speeds, storage scalability, and overall performance for enterprise applications.
Purchase the exclusive report now to unlock valuable market insights:
Server Storage Area Network Market Report 2025
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: The Business Research Company | LinkedIn
Twitter: The Business Research Company (@tbrc_info) on X
Facebook: The Business Research Company | London
YouTube: The Business Research Company
Blog: Comprehensive Analysis of the Mini Brew Fermenter Market 2025-2034: Growth Rates, Trends, and Future Opportunities – Latest Global Market Insights
Healthcare Blog: Latest Healthcare Research Reports – By The Business Research Company
Global Market Model: Global Market Intelligence Database
