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Evolving Market Trends In The Ethernet Storage Fabric Industry: Edgecore Networks Launches 800G-Optimized Ethernet Switch For AI/ML Workloads
Ethernet Storage Fabric Market
What Is the Expected Ethernet Storage Fabric Market Size During the Forecast Period?
The ethernet storage fabric market has expanded significantly in recent years. It will rise from $2.08 billion in 2024 to $2.38 billion in 2025, at a compound annual growth rate (CAGR) of 14.0%. This growth is driven by the increasing demand for high-speed data transfer, the growth of the remote workforce, data center consolidation initiatives, the need for better data security, and the rise of cloud services.
The ethernet storage fabric market is projected to reach $3.97 billion by 2029, growing at a CAGR of 13.7%. Growth drivers include increasing data volumes, rising demand for AI, a growing focus on data security, green initiatives, and the need for enterprise mobility. Key trends in the forecast period include advancements in technology, hybrid cloud storage solutions, AI implementation, virtualization technology, and increased adoption of cloud-based services.
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What Are the High-Growth Segments in the Ethernet Storage Fabric Market?
The ethernet storage fabric market covered in this report is segmented -
1) By Device: Switches, Controllers, Adapters
2) By Switching Port: 10 GbE to 25 GbE, 40 GbE to 50 GbE, 100 GbE And Above
3) By Storage Type: Block Storage, Hyper-Converged Infrastructure, File Storage, Object Storage
4) By Application: Telecommunications, Aerospace, Manufacturing And Processing, Oil And Gas, Government, Power And Utilities, Mining, Other Applications
Subsegments:
1) By Switches: Top-Of-Rack (ToR) Switches, End-Of-Row (EoR) Switches, Core Switches, Modular Switches
2) By Controllers: Storage Controllers, Network Controllers, Fabric Controllers, Unified Controllers
3) By Adapters: Network Interface Cards (NICs), Host Bus Adapters (HBAs), Converged Network Adapters (CNAs), Ethernet Adapters
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What Key Drivers Are Expected to Influence Future Ethernet Storage Fabric Market Growth?
The increasing adoption of cloud computing is expected to propel the growth of the ethernet storage fabric market. Cloud computing enables on-demand access to a shared pool of resources such as servers, storage, databases, networking, software, and analytics over the internet. This model has become popular due to its ability to help businesses innovate faster, reduce costs, improve efficiency, and respond to market demands more effectively. Ethernet storage fabric enhances the adoption of cloud computing by offering efficient, scalable, high-performance storage networking solutions that support modern cloud applications. For example, in December 2023, Eurostat reported that 45.2% of enterprises in the European Union had procured cloud computing services, an increase of 4% from 2021. This growing cloud adoption is driving the demand for ethernet storage fabric solutions.
Which Companies Hold the Largest Share Across Different Ethernet Storage Fabric Market Segments?
Major companies operating in the ethernet storage fabric market are Dell Technologies Inc., Huawei Technologies Co. Ltd., Lenovo Group Limited, Intel Corporation, Cisco Systems Inc., Broadcom Inc., Fujitsu Limited, Micron Technology Inc., Hewlett Packard Enterprise Company, NVIDIA Corporation, Western Digital Corporation, Microchip Technology Inc., NetApp Inc., Juniper Networks Inc., Marvell Technology Group Ltd., Fortinet Inc., Arista Networks Inc., Hitachi Vantara LLC, Nutanix Inc., Extreme Networks Inc., Edgecore Networks Corporation, D-Link Corporation, Kaminario Technologies Ltd., Liqid Inc.
What Are the Latest Developing Trends in the Ethernet Storage Fabric Market?
Key players in the ethernet storage fabric industry are concentrating their efforts on crafting novel products like optimized ethernet switches to cater to the high-capacity requirements of artificial intelligence (AI) and machine learning (ML) tasks. These specially designed ethernet switches ensure maximum performance, efficiency, and adaptability in data transfers within local area networks (LANs) or data center settings. For example, in October 2023, Edgecore Networks, a company situated in the US that offers data center networking solutions, introduced a pioneering 800G-optimized switch named DCS560. This innovative ethernet switch is structured to accommodate high-capacity, low-latency fabric for AI and ML tasks. Notably, this sturdy 2RU system offers a formidable 51.2 Tbps total bandwidth and comes with 64 800G high-speed ports. The DCS560's compact and fail-safe design entails power and fan tray redundancy, assuring excellent availability and ample operating scope for strenuous cloud applications.
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What Are the Emerging Geographies for The Ethernet Storage Fabric Market Growth?
North America was the largest region in the ethernet storage fabric market in 2024. The regions covered in the ethernet storage fabric market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Ethernet Storage Fabric Market?
2. What is the CAGR expected in the Ethernet Storage Fabric Market?
3. What Are the Key Innovations Transforming the Ethernet Storage Fabric Industry?
4. Which Region Is Leading the Ethernet Storage Fabric Market?
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