The storage area network (san) solutions from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Storage Area Network (SAN) Solutions Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The storage area network (SAN) solutions market size has grown strongly in recent years. It will grow from $19.89 billion in 2023 to $20.91 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to increasing data generation and storage needs, improving storage availability and reliability, data explosion from enterprise applications, data center consolidation, and regulatory compliance requirements.
The storage area network (SAN) solutions market size is expected to see strong growth in the next few years. It will grow to $25.98 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to growing middle class population, increasing ICT spending, flexibility and scalability, rising urbanization, increasing adoption of cloud computing, and increasing demand for scalable and efficient storage. Major trends in the forecast period include increasing focus on data security and compliance, emergence of big data and analytics, proliferation of internet of things (IoT) devices, adoption of artificial intelligence and machine learning, and technological developments.
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Scope Of Storage Area Network (SAN) Solutions Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Storage Area Network (SAN) Solutions Market Overview
Market Drivers –
The rising e-commerce sector is expected to propel the growth of the storage area network (SAN) solutions market going forward. E-commerce involves purchasing and selling goods and services online. The rising e-commerce sector is due to convenience, accessibility, and personalization of the products. Storage area network (SAN) solutions play a pivotal role in supporting the storage, performance, and operational needs of e-commerce businesses amidst the sector’s rapid growth. Leveraging SAN technologies, e-commerce platforms efficiently handle data-intensive operations, ensure high availability and security, and deliver seamless customer experiences, driving business success in a competitive digital marketplace. For instance, in May 2024, according to the Bureau of the Department of Commerce, a US-based government website, the first quarter of 2024 e-commerce estimate rose by 8.5% compared to the first quarter of 2023, while total retail sales grew by 2.8% during the same period. Therefore, the rising e-commerce sector drives the storage area network (SAN) solutions market.
Market Trends –
Major companies operating in the storage area network (SAN) solutions market are developing innovative solutions such as flash array (AFA) storage area network (SAN) solutions to enhance storage performance, scalability, and efficiency for modern data-intensive applications and workloads. Flash array (AFA) storage area network (SAN) solutions are designed to cater to the needs of flexible and hybrid working environments and provide high-performance storage, reliability, and scalability for demanding enterprise applications. For instance, in August 2021, Lenovo, a US-based electronic company, launched a new All Flash Array (AFA) storage area network (SAN) range. These solutions are designed to be easy to manage and scale, making them suitable for growing businesses. They support various host connectivity options, including NVMe over Fibre Channel (NVMe/FC), NAS (NFS and CIFS/SMB), iSCSI, and fiber channel storage connectivity. It is a popular choice for high-performance storage tiers in SANs, offering improved performance, reliability, and efficiency.
The storage area network (SAN) solutions market covered in this report is segmented –
1) By Component: Software, Hardware, Services
2) By Server: Hyperscale Server SAN, Enterprise Server SAN
3) By Technology: Fiber Channel (FC), Fiber Channel Over Ethernet (FCoE), InfiniBand, iSCSI Protocol
4) By Application: Banking, Financial Services And Insurance, Information Technology And Telecom, Retail, Education, Healthcare, Manufacturing, Government, Other Applications
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Regional Insights –
North America was the largest region in the storage area network (SAN) Solution market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the storage area network (SAN) solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the storage area network (SAN) solutions market are NEC Corporation, Samsung Electronics Co Ltd., Dell Technologies Inc., Huawei Technologies Co Ltd., Hitachi Ltd., IBM Corporation, Cisco Systems Inc., Oracle Corporation, Fujitsu Limited, Micron Technology Inc., Hewlett Packard Enterprise Co., NetApp Inc., Super Micro Computer Inc., OpenText Corporation, Pure Storage Inc., Pure Storage Inc., Veritas Technologies LLC, Veeam Software, Cohesity Inc., DataDirect Networks, Synology Inc., Pivot3, Zadara Storage Inc., IDG Communications Ltd
Table of Contents
1. Executive Summary
2. Storage Area Network (SAN) Solutions Market Report Structure
3. Storage Area Network (SAN) Solutions Market Trends And Strategies
4. Storage Area Network (SAN) Solutions Market – Macro Economic Scenario
5. Storage Area Network (SAN) Solutions Market Size And Growth
…..
27. Storage Area Network (SAN) Solutions Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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