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Fiber Channel over Ethernet (FCoE) Market Booming: TechNavio Report

05-23-2014 06:38 PM CET | IT, New Media & Software

Press release from: Technavio

•	The market is projecting a CAGR of 37.73 percent over the next four years.

• The market is projecting a CAGR of 37.73 percent over the next four years.

TechNavio, the independent tech-focused global research firm, has published their report on the Global Fiber Channel over Ethernet (FCoE) Market. The market is growing at a CAGR of 37.73 percent from 2013-2018.

An FCoE is a storage protocol that enables fiber channel communications over Ethernet. The use of FCoE consolidates network data transmission and reduces the complexity of data centers. FCoE transmission condenses fiber channel frames into Ethernet frames, which can be easily transmitted across the network. FCoE increases reliability and productivity of a network infrastructure. This technology is mainly used in company networks and data center networks.

Market Drivers

• Need for Higher Bandwidth Support
• Emergence of Advanced Multiprotocol Adapters
• Increased Adoption of Virtualized Computing Environments

Market Trends

• Increased Adoption of FCoE in Cloud Computing
• Evolution of FCoE Storage Networking
• Increasing Convergence of Enterprise Networks

Key Market Vendors Include:

• Brocade Communications Systems Inc.
• Cisco Systems Inc.
• Emulex Corp.
• QLogic Corp.

“We are seeing a rapid evolution in FCoE solutions that enable very fast data communication, which is leading to an increase in demand from companies and cloud computing service providers,” says Faisal Ghaus, Vice President of TechNavio.

“Companies are looking more and more for higher bandwidth support, and FCoE solutions can be scaled at larger bandwidth levels, a feature that is increasing its rate of adoption. Given these positive developments, the Global FCoE market is expected to grow significantly in the future.”

To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

If you are interested in more information on this topic and our upcoming research on the Global Fiber Channel over Ethernet Market please send an e-mail to media@TechNavio.com.

About TechNavio

TechNavio is a leading global technology research and advisory company. Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year. We cover more than 500 technologies across 80 countries.

We focus on emerging trends that can shape a market, and model these trends using a mix of quantitative and qualitative tools in our proprietary research methodologies in order to build forecasts across market segments and geographies.

These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a constantly changing technology market scenario.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Our analysts obtain the information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

Our large and growing base of happy customers include technology suppliers, end users, consulting companies, investment firms, research institutes and media worldwide.

Follow us on Twitter @TechNavio
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8 Wimpole Street
W1G 9SP London
United Kingdom
www.TechNavio.com

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