Press release
Innovative San Array Solutions Bolster Protection In Storage Area Network Market Trend: A Crucial Influence on the Storage Area Network Market's Transformation in 2025
Storage Area Network Market Size
The market size of the storage area network has been experiencing fast-paced growth in recent periods. It is estimated that it will surge from a size of $25.08 billion in 2024 to a size of $28.67 billion in 2025, with a 14.3% compound annual growth rate (CAGR). This significant expansion in the past can be tied back to factors such as rising regulatory requirements, the lessening costs of storage hardware, the demand for high availability and superior performance, disaster recovery and business continuity measures, data center consolidation, and the uptake of server virtualization.
The market size for storage area networks is predicted to experience swift expansion in upcoming years, reaching a valuation of $48.29 billion in 2029 with a 13.9% compound annual growth rate (CAGR). The notable growth over this period can be linked to the expansion of big data and analytics, the emergence of hybrid and multi-cloud platforms, the increase in cybersecurity threats, advancements in storage technology, and the rise of digital transformation initiatives. Key trends to watch in the projection period are the growing uptake of hyper-converged infrastructure, the broadening of edge computing, the emergence of software-defined storage (SDS), the integration of hybrid and multi-cloud, the focus on sustainability and energy efficiency, and the rise of automation and orchestration.
What Factors Are Fueling Growth in the Storage Area Network Market?
The increasing use of cloud computing is projected to fuel the expansion of the storage area network market in the future. Cloud computing provides various services such as storage, processing power, and applications over the internet and works based on a pay-per-use structure. The escalation in the utilization of cloud-based solutions can be attributed to their scalability, cost-effectiveness, and their ability to facilitate remote work and digital transformation. The storage area network's (SAN) capabilities are enhanced by cloud computing as it provides flexible storage resources on a need basis over the internet, enhancing storage effectiveness and adaptability while decreasing infrastructure expenses and management intricacies. For example, in December 2023, Eurostat, an intergovernmental organization based in Luxembourg, stated that 45.2% of businesses within the European Union obtained cloud computing services majorly for hosting email systems, storing electronic files, and accomplishing different tasks. From 2021 to 2023, there was a 4% increase in the procurement of cloud computing services among EU businesses. Thus, the expanding use of cloud computing is propelling the growth of the storage area network market.
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Which Leading Companies Are Shaping the Growth of the Storage Area Network Market?
Major companies operating in the storage area network market are 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.
What Are the Major Trends Shaping the Storage Area Network Market?
Leading companies active in the storage area network market are concentrating on the creation of innovative products, including appliances that only provide block storage, in order to optimize storage infrastructures. A device that only features block storage is a specially designed storage approach that enables block-level data storage in a Storage Area Network (SAN) setting. For instance, in May 2023, NetApp, an American data-focused software business, introduced the NetApp ASA A-series, the first of its kind block storage-only device tailored for customers desiring simple block storage options. This product endows various unique characteristics like superior data management abilities, including data duplication prevention, thin provisioning, and snapshot technology, coupled with effortless incorporation into present SAN surroundings and high accessibility for mission-critical software.
What Are the Key Segments of the Storage Area Network Market?
The storage area network market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Technology: Fiber Channel (FC), Fiber Channel Over Ethernet (FCoE), InfiniBand, Internet Small Computer System Interface (iSCSI) Protocol, Other Technologies
3) By Organization Size: Small Enterprises, Medium Enterprises, Large Enterprises
4) By Industry Vertical: Banking, Financial Services And Insurance (BFSI), Information Technology (IT) And Telecommunication, Government Offices, Retail And E-commerce, Energy And Utility, Aerospace And Defense, Education, Healthcare, Manufacturing, Other Industry Verticals
Subsegments:
1) By Hardware: San Switches, Storage Controllers, Storage Devices (Disk Arrays, Tape Libraries), Host Bus Adapters (Hbas), Cables And Connectors, Storage Networking Equipment (Fibre Channel, Ethernet Adapters)
2) By Software: Storage Virtualization Software, Data Protection And Backup Software, Storage Management Software, Disaster Recovery Software, File Systems And Storage Operating Systems, Security Software For San
3) By Services: Installation And Configuration Services, Consulting And Integration Services, Managed Services (For San Monitoring And Management), Data Migration Services, Maintenance And Support Services, Cloud Storage Integration Services
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Which Region Dominates the Storage Area Network Market?
North America was the largest region in the storage area network market in 2023. The regions covered in the storage area network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Storage Area Network Global Market Report?
- Market Size Analysis: Analyze the Storage Area Network Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Storage Area Network Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Storage Area Network Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Storage Area Network Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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