Global Storage Area Network Market Size and Forecast 2024-2032

According to the report by Expert Market Research (EMR), the global storage area network market  is expected to grow at a CAGR of 4.1% between 2024 and 2032. Aided by the escalating demand for high-speed data storage solutions and the burgeoning data centre sector, the market is estimated to reach a value of USD 32.78 billion by 2032.

Storage Area Networks (SANs) are high-speed networks that provide block-level storage access, facilitating more efficient and reliable data storage and retrieval. They are predominantly used in enterprise environments to enhance the performance and scalability of data storage systems. Storage area network support a wide range of storage protocols, including Fibre Channel, iSCSI, and FCoE, allowing for flexible integration with existing infrastructure. It is a unified network of storage devices shared among multiple servers or computers, enabling a common storage capacity pool. Each computer or system within the network can access storage area network storage as if it were a locally connected storage drive.

As per the storage area network market analysis, the increasing volume of data generated by businesses and the growing need for efficient data management solutions are key drivers propelling the growth of the market. The rise of big data analytics, cloud computing, and artificial intelligence has further accentuated the demand for storage area network, as they provide the necessary infrastructure to store and process large datasets.

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The data centre sector, which is experiencing exponential growth due to the surge in internet usage and digital services, is another significant factor contributing to the storage area network market growth. Data centres rely heavily on SANs for their storage architecture, as they offer high performance, scalability, and reliability, which are crucial for maintaining uninterrupted services.

Moreover, the advent of hyper-converged infrastructure (HCI) and software-defined storage (SDS) solutions has opened new avenues for the market. These technologies offer simplified management and increased flexibility, making storage area network more accessible and cost-effective for a broader range of businesses.

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Moreover, the surge in e-commerce growth, driven by the expanding online consumer base, has led to the widespread implementation of storage area network for storing crucial data in databases. This facilitates enhanced data efficiency and seamless accessibility across various connected devices, consequently driving the storage area network market share.

Furthermore, as businesses become increasingly reliant on data, the importance of disaster recovery and business continuity planning is growing. Storage area network is an essential component of these plans, offering data replication and backup capabilities. This presents an opportunity for vendors to offer specialised solutions for disaster recovery and business continuity, leading to the storage area network market development.

Market Segmentation

The market can be divided based on the component, technology, organisation size, end use, and region.

Market Breakup by Component

Software
Hardware
Services

Market Breakup by Technology

Fibre Channel (FC)
Fibre Channel over Ethernet (FCoE)
InfiniBand
iSCSI Protocol

Market Breakup by Organisation Size

Small and Medium-Sized Enterprises (SMEs)
Large Enterprises

Market Breakup by End Use

BFSI
Retail and E-commerce
IT and Telecommunication
Energy and Utility
Government Offices
Education
Aerospace and Defence
Healthcare
Manufacturing
Others

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global storage area network market. Some of the major players explored in the report by Expert Market Research are as follows:

HP Inc.
Dell Technologies Inc.
IBM Corporation
Oracle Corporation
Cisco Systems, Inc.
NEC Corporation
Others

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