Press release
Storage Area Network Global Market to Reach $42.41 Bn by 2028: Growth Insights and Projections
Storage Area Network Global Market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=16199&type=smp
According to The Business Research Company's, The storage area network market size has grown rapidly in recent years. It will grow from $22.02 billion in 2023 to $25.08 billion in 2024 at a compound annual growth rate (CAGR) of 13.09%. The growth in the historic period can be attributed to increasing regulatory requirements, cost reduction in storage hardware, high availability and performance needs, disaster recovery and business continuity, data center consolidation, and adoption of server virtualization.
The storage area network market size is expected to see rapid growth in the next few years. It will grow to $42.41 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to the growth of big data and analytics, hybrid and multi-cloud environments, rising cybersecurity threats, advancements in storage technologies, and digital transformation initiatives. Major trends in the forecast period include increased adoption of hyper-converged infrastructure, edge computing expansion, software-defined storage (SDS), hybrid and multi-cloud integration, sustainability and energy efficiency, automation, and orchestration.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/storage-area-network-global-market-report
Market Drivers and Trends:
The growing adoption of cloud computing is expected to propel the growth of the storage area network market going forward. Cloud computing is the delivery of computing services over the internet, including storage, processing power, and applications, on a pay-as-you-go basis. The surge in the adoption of cloud-based solutions is driven by their scalability, cost-effectiveness, and ability to support remote work and digital transformation. Cloud computing enhances storage area network (SAN) capabilities by offering scalable, on-demand storage resources accessible over the internet, optimizing storage efficiency and flexibility while minimizing infrastructure costs and management complexities. For instance, in December 2023, according to Eurostat, a Luxembourg-based intergovernmental organization, 45.2% of enterprises within the European Union procured cloud computing services, primarily for hosting email systems, storing electronic files, and performing various tasks. Compared to 2021, purchases of cloud computing services among EU enterprises rose by 4% in 2023. Therefore, the growing adoption of cloud computing is driving the growth of the storage area network market.
Major companies operating in the storage area network market are focused on developing innovative solutions, such as block storage-only appliances, to streamline storage environments. A block storage-only appliance is a specialized storage solution designed for providing block-level data storage in a Storage Area Network (SAN) environment. For instance, in May 2023, NetApp, a US-based data-centric software company, launched the NetApp ASA A-series, a first-ever block storage-only appliance for customers seeking simplified block storage solutions. It offers unique features such as advanced data management capabilities, including data deduplication, thin provisioning, and snapshot technology, along with seamless integration into existing SAN environments and high availability for mission-critical applications.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Dell Technologies Inc., Huawei Technologies Co. Ltd., International Business Machines Corporation, Broadcom Inc., SK hynix Inc., Fujitsu Limited., Hewlett Packard Enterprise Development LP, Toshiba Electronic Devices & Storage Corporation , NEC Corporation, Texas Instruments Incorporated, Western Digital Corporation, NXP Semiconductors N.V., NetApp Inc., Marvell Technology Group Ltd., Citrix Systems Inc., Hitachi Vantara LLC, Nutanix Inc., DataCore Software Corporation, Everspin Technologies Inc., Viking Technology, StorMagic Ltd.
Storage Area Network Market 2024 Key Insights:
• The storage area network market size is expected to see rapid growth in the next few years. It will grow to $42.41 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%.
• Adoption Of Cloud Computing In Driving Growth In The Storage Area Network Market
• Innovative San Array Solutions Bolster Protection In Storage Area Network Market
• North America was the largest region in the storage area network market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=16199&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Storage Area Network Global Market to Reach $42.41 Bn by 2028: Growth Insights and Projections here
News-ID: 3713269 • Views: …
More Releases from The Business research company
Segment Analysis and Major Growth Areas in the Isoflavones Market
The isoflavones market is poised for remarkable growth over the coming years, driven by increasing consumer awareness and expanding applications across various industries. With rising interest in health supplements and natural ingredients, this market is attracting significant attention from manufacturers and investors alike. Let's delve into the market's size, key players, emerging trends, and segment breakdowns shaping its trajectory.
Projected Market Size and Growth Outlook for Isoflavones
The isoflavones market…
Key Strategic Developments and Emerging Changes Shaping the Infant Nutrition Mar …
The infant nutrition market is on track for substantial expansion in the coming years, driven by evolving consumer preferences and advancements in product offerings. As parents increasingly seek high-quality nutrition solutions tailored to their babies' needs, the sector is poised for remarkable growth through innovative products and diverse distribution channels. Let's explore the market's size projections, key players, emerging trends, and segment breakdowns shaping this dynamic industry.
Projected Growth Trajectory and…
Leading Companies Advancing Innovation and Growth in the Immune Health Supplemen …
The immune health supplements sector is gaining significant traction as consumers increasingly prioritize wellness and preventive care. With a growing interest in personalized nutrition and plant-based options, this market is set to expand rapidly. Let's explore the expected market size, key players, emerging trends, and segmentation that define the future of immune health supplements.
Projected Expansion of the Immune Health Supplements Market by 2030
The immune health supplements market is…
Honey Spread Market Overview: Major Segments, Strategic Developments, and Leadin …
The honey spread market is gaining significant momentum as consumers increasingly seek healthier and more flavorful alternatives to traditional spreads. Growing awareness around natural ingredients and sustainability, combined with e-commerce expansion and innovative product offerings, is set to shape the future of this sector. Below, we explore the market's size, key players, emerging trends, and segmentation to provide a comprehensive outlook through 2030.
Robust Expansion Expected in the Honey Spread Market…
More Releases for Storage
Vehicle Storage Unit Market Size, Trends 2031 By Key Players- U-Haul, CubeSmart, …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲: According to Verified Market Reports analysis, the global Vehicle Storage Unit Market size was valued at USD 13.64 Billion in 2023 and is projected to reach USD 22.85 Billion by 2030, growing at a CAGR of 5.90% during the forecasted period 2024 to 2031.
What is the current outlook for the Vehicle Storage Unit Market, and how is it projected to grow?
The Vehicle Storage Unit Market is experiencing robust growth…
Business Storage Market | Access Self Storage, Big Yellow Self Storage Company, …
The global business storage market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the business storage market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth of the…
2023 Business Storage Market Revenue and Future Demands- CubeSmart, Public Stora …
The Business Storage market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status with development…
Household Storage Market 2022 by Keyplayers and Vendors:Ward North American, Eas …
The Global Household Storage Market: 2022 has been recently published by the Mr Accuracy Reports. The report offers a cutting edge about the Household Storage market, which helps the business strategists to make the best investment evaluation.
"The recession is going to come very badly . Please get to know your market RIGHT NOW with an extremely important information."
The Household Storage market industry report includes details about the historical analysis…
Video Surveillance Storage Market Growing Up By Storage Technology: Network atta …
Acumen Research and Consulting has announced the addition of the "Video Surveillance Storage Market” report to their offering.
The Video Surveillance Storage Market Report 2018 is an in depth study analyzing the current state of the Video Surveillance Storage Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Video Surveillance Storage Market provides analysis of China market covering…
Self-Storage Software Market Trends, Developments, Future Prospects and Prominen …
The Self-Storage Software Market is a category of management software. It has user-friendly and bendable functions to meet the needs of small to large facilities. Some of the leading self-storage software programs offer structures, such as facility maps, specialized payment options, online access for customers, and gate access integration as well.
You can get a sample copy of this report @ https://www.orianresearch.com/request-sample/1498463
Emergence of cloud-based self-storage software and mobile applications are…
