"Continued Emphasis on Network Management to Bolster the Demand for Storage Area Network (SAN) Solutions"
Storage Area Netwrok (SAN) Solutions market expected to reach at the market value of US$ 25.8 Bn in 2029, with promising CAGR during the forecast period from 2021 to 2029. Storage area network (SAN) refers to the network with primary purpose to transfer data across computer systems and storage elements. SAN includes management layer that organizes storage elements, connections and computer systems so that data transfer becomes more secured and robust. SAN eliminates any constraints to amount of data that server can access. Limited number of storage devices that attached to the individual server limits traditional server systems functionality. Instead, SAN introduced flexibility of networking to enable one server or several heterogeneous servers to share a common storage utility. With several other benefits over its counterparts, SAN expected to witness the promising adoption across the forecast period.
"Hardware Segment Accounted as the Largest Contributor; Software Segment to Emerge as the Fastest Growing Segment in Storage Area Network (SAN) Market"
Storage Area Network (SAN) built up from unique hardware components that are configured together to form the physical system. RAID storage systems, bridges, hubs, servers, switches, backup devices, interface cards and cabling among others form storage system that facilitate the policies of an IT organization. Number of standards that are involved with SANs are concerned with interoperability. Some of these standards are still evolving and have not been equally adopted by all manufacturers of equipment used in SAN. This leads to difficulties while matching up devices from different vendors and suppliers. However, with promising investment by leading players in technological development of hardware, the segment expected to grow with steady rate.
Similarly, software segment projected as the fastest growing segment in overall Storage Area Network (SAN) market worldwide. Several organizations are focusing for notable improvement in the way they organize their internal storage system through efficient data management process. Leading private and public organizations are collaborating with SAN software providers to cater more dynamic demand of consumers.
"Promising Upsurge of End-use Industry Verticals to Ensure Higher Growth Rate of Asia Pacific Market"
At present, North America is the leader in overall Storage Area Network (SAN) market. With adoptive nature of North America market towards advanced technology, Storage Area Network (SAN) market here projected to witness steady surge across the forecast period. Furthermore, Asia Pacific market accounted to be the fastest growing regional market across the forecast period. Asia Pacific IT & Telecommunication market is complex ecosystem of governments, start-ups, SMEs and other large multinational companies. Primarily driven by a blend of growing middle class population, technological innovation and rising urbanization, the ICT industry expected to witness significant growth in following years. Subsequently, rapid growth of other end-use industry verticals expected to drive the promising SAN solution market growth here.
Key players of global Storage Area Network (SAN) market include Hewlett-Packard Development Company, L.P., Datacore Software, EMC Corporation, NexentaStor, SimpliVity, Nutanix, Scale Computing, Citrix Systems, Inc., Hitachi, Ltd., StorMagic and others.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Storage Area Network (SAN) Solutions market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Services
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Server
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Technology
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Industrial Vertical
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
