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Rising IoT Adoption Drives Growth In The Server Storage Area Network Market Driver: Leading Transformation in the Server Storage Area Network Market in 2025
Server Storage Area Network Market
The increasing adoption of Internet of Things (IoT) devices is expected to drive the growth of the server storage area network market. IoT devices are physical objects equipped with sensors, software, and other technologies that enable them to connect and exchange data. The growing use of IoT devices is driven by their ability to enhance efficiency, automation, and data-driven decision-making. IoT devices integrated into server storage area networks (SAN) improve the monitoring, management, and optimization of storage resources through real-time data analysis. For example, a September 2023 report by Ericsson revealed that global IoT connections reached 15.7 billion in 2023, with projections of 38.9 billion by 2029. Therefore, the increasing use of IoT devices is contributing to the growth of the server storage area network market.
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What growth opportunities are expected to drive the server storage area network market's CAGR through 2034?
The server storage area network market has grown strongly in recent years. It is projected to grow from $22.38 billion in 2024 to $24.09 billion in 2025, reflecting a CAGR of 7.6%. This growth can be attributed to the growing volume of data, the rise of virtualization, the adoption of cloud computing, cost-reduction measures, and heightened performance requirements.
The server storage area network market is forecast to grow to $31.86 billion by 2029 at a CAGR of 7.2%. This growth is driven by the explosion of data, digital transformation initiatives, the rise of big data and analytics, and the growing interest in IoT. Trends include the increasing demand for hyper-converged infrastructure, the expansion of edge computing, the shift to software-defined storage, the rise of AI and machine learning workloads, and innovations in data security.
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What are the emerging trends shaping the future of the server storage area network market?
In the server storage area network market, companies are focusing on AI technologies to optimize business efficiency. In August 2022, International Business Machines Corporation (IBM) launched the Enterprise Storage Server (ESS) 3500, designed for AI workloads. This advanced server provides fast storage for AI tasks like modeling and training by using multiple storage types and a faster controller CPU, delivering up to 91 GB/sec sequential read.
Which growth-oriented segments of the server storage area network market are leading the industry's development?
The server storage area network market covered in this report is segmented -
1) By Type: Hyperscale Server Storage Area Network, Enterprise Server Storage Area Network
2) By Services: Professional, Managed
3) By Application: Small Enterprise, Medium-Sized Enterprise, Large Enterprise
4) By Industry Vertical: Information Technology (IT) And Telecommunication, Banking, Financial Services, And Insurance (BFSI), Manufacturing, Mobile And Entertainment, Government And Defense, Healthcare And Life Sciences
Subsegments:
1) By Hyperscale Server Storage Area Network: Cloud-Based Hyperscale San Solutions, Big Data And Analytics Hyperscale San, Hyper-Converged Infrastructure (Hci) San, Distributed Hyperscale San Architectures, Software-Defined Hyperscale San Solutions
2) By Enterprise Server Storage Area Network: Fibre Channel San, Iscsi San, Fibre Channel Over Ethernet (Fcoe) San, Virtualized Enterprise San, Hybrid Storage San (Combination Of Ssds And Hdds), Traditional San (Storage Arrays And Network Switches)
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What regions are at the forefront of server storage area network market expansion?
North America was the largest region in the server storage area network market in 2023. The regions covered in the server storage area network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the server storage area network market?
Major companies operating in the server storage area network market are Dell Inc., Huawei Technologies Co. Ltd., Lenovo Group Limited, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Broadcom Inc., Hewlett Packard Enterprise (HPE), Fujitsu Limited, Western Digital, Seagate Technology, NetApp Inc., Hitachi Vantara, Pure Storage, Kaminario, Quantum Corporation, Promise Technology, DataCore Software, Infortrend Technology, StarWind Softwarea, X-IO Technologies
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What Is Covered In The Server Storage Area Network Global Market Report?
•Market Size Forecast: Examine the server storage area network market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the server storage area network market for a structured understanding.
•Key Players Overview: Analyze major players in the server storage area network market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the server storage area network market.
•Segment Contributions: Evaluate how different segments drive overall growth in the server storage area network market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the server storage area network market.
•Industry Challenges: Identify potential risks and obstacles affecting the server storage area network market.
•Competitive Landscape: Review strategic developments in the server storage area network market, including expansions, agreements, and new product launches.
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