Ethernet Storage Fabric Market is Expected to Reach US$ 5.4 Billion by 2032 | Report by FMI

According to a recent study done by FMI, the Ethernet Storage Fabric market is expected to reach US$ 5.4 billion by 2032, up from US$ 1.6 billion in 2022, expanding at a high CAGR of 13.2% from 2022 to 2032. This study explains that the growth in the demand to adopt enterprise mobility is expected to achieve operational efficiency in different enterprises, which will further accelerate the market value.

The rise in the adoption of simplified data center management services, especially by small and medium scale enterprises is another factor bolstering the growth of the market. The growing volume of organizational data will further carve the way for the growth of the market. The major growth rate of the ethernet storage fabric market is due to the growing demand for high bandwidth, performance, and scalability in enterprise and cloud service provider data center. In addition, the rise in the number of businesses and their data has mandated data storage.

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As a result, businesses are turning to innovative storage technologies like Ethernet storage fabric and big data. As the number of businesses grows, so does the volume of data. Data centers and Ethernet storage fabric are becoming more important as a result of this which will drive the market for Ethernet storage fabrics. Increased focus on the technological advancements and rapid increase in the rate of preference by the various verticals will emerge as the major market growth driving factors.

Key Takeaways from the Market Study

Global Ethernet Storage Fabric Market was valued at US$ 1.6 Bn by 2022-end
China to account for the highest value share of US$ 0.4 Bn of global market demand for Ethernet Storage Fabric Market in 2032
From 2015 to 2021, ethernet storage fabric demand expanded at a CAGR of 15.4%
By Application, Enterprise Data Center constitutes the bulk of ethernet storage fabric deployment with a CAGR of 14.0%.

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Competitive Landscape

Players in the global Ethernet Storage Fabric Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In August 2021, Arista Networks announced an expansion of its cloud-grade routing solutions that extends its products to the edge. The company had added new features to its EOS operating system to enable its products to be used as edge routers, including new capabilities for virtual private networks (VPN) and traffic engineering.
In May, 2021, Juniper Networks took intent networking to the next level with new Apstra Software to simplify deployment and Day 2 operations in even more data center environments.
In April 2021, Marvell extended automotive networking leadership with a launch of 802. 3ch 10G ethernet PHY.

More Insights Available

Future Market Insights offers an unbiased analysis of the global Ethernet Storage Fabric Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.

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Key Segments Covered In The Ethernet Storage Fabric Report

By Storage Type:

Block Ethernet Storage Fabric
File Ethernet Storage Fabric
Object Ethernet Storage Fabric
Hyper-Converged Ethernet Storage Fabric Infrastructure

By Device:

Ethernet Storage Fabric Switches
Ethernet Storage Fabric Adapters
Ethernet Storage Fabric Controllers

By Switching Port:

Ethernet Storage Fabric of 10 GbE or 25 GbE
Ethernet Storage Fabric from 40 GbE to 50 GbE
Ethernet Storage Fabric of 100 GbE and above

By Application:

Ethernet Storage Fabric for Enterprise Data Centers
Ethernet Storage Fabric for Cloud Service Provider Data Centers
Ethernet Storage Fabric for Telecommunications
Ethernet Storage Fabric for Government

By Region:

North America Ethernet Storage Fabric Market
Latin America Ethernet Storage Fabric Market
Europe Ethernet Storage Fabric Market
Asia Pacific Ethernet Storage Fabric Market
MEA Ethernet Storage Fabric Market

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.