Press release
Transformative Trends Impacting the Server Storage Area Network Market Landscape: Focus On Storage Server For AI Workloads To Gain A Competitive Edge In The Market
Server Storage Area Network
How Large Will the Server Storage Area Network Market Size By 2025?
The market size of the server storage area network has seen robust growth in the past few years. The market value is projected to increase from $22.38 billion in 2024 to $24.09 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.6%. The past growth in this market can be traced back to an increased explosion of data, a shift towards virtualization, the embracing of cloud computing technologies, a focus on cost savings, and high-performance requirements.
How Big Is the Server Storage Area Network Market Size Expected to Grow by 2029?
In the upcoming years, a significant surge is anticipated in the server storage area network market, reaching a value of $31.86 billion by 2029 with a compound annual growth rate (CAGR) of 7.2%. This upward trend in the projections can be ascribed to factors such as data proliferation, the surge of digital transformation initiatives, big data and analytics, coupled with increased attention towards the Internet of Things. During the forecast period, prominent trends are expected to include escalating demand for hyper-converged infrastructure, development in edge computing, the transition towards software-defined storage, the emergence of artificial intelligence and machine learning workloads and enhancements in data security.
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Which Key Market Drivers Powering Server Storage Area Network Market Expansion and Growth?
The server storage area network market is anticipated to expand due to the growing utilization of Internet of Things (IoT) devices. IoT devices are tangible objects integrated with sensors, software, and other technologies, allowing for connection and data exchange with other devices and systems via the Internet or other communication networks. The rising adoption of IoT devices can be attributed to their ability to amplify efficiency, automation, and data-centered decision making in various sectors and everyday life. Within a server storage area network (SAN), IoT devices improve monitoring, management, and optimization of storage resources through real-time data collection and evaluation. For example, Ericsson, a telecommunications firm based in Sweden, reported in September 2023 that global IoT connections had reached 15.7 billion in 2023 and projected to surge to 38.9 billion by 2029. Hence, the growing penetration of IoT devices is fuelling the expansion of the server storage area network market.
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Which Fast-Growing Trends Are Poised to Disrupt the Server Storage Area Network Market?
Prominent firms active in the server storage area network market are harnessing AI technologies to maintain a competitive advantage. An AI-focused enterprise storage server (ESS) typically includes superior features and abilities to accommodate the demanding needs of AI workloads, which frequently involve extensive data processing, model training, and inference tasks. For example, in August 2022, the International Business Machines Corporation, an American technology corporation, introduced the Enterprise Storage Server (ESS) 3500. The ESS 3500 is a spectrum-scale ESS, specifically tuned for AI workloads. It offers accelerated storage for AI in modeling and training by employing multiple storage types, a quicker controller CPU, and a potential 91 GB/sec sequential read.
What Are the Emerging Segments in the Server Storage Area Network Market?
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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Who Are the Global Leaders 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
Which are the Top Profitable Regional Markets for the Server Storage Area Network Industry?
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.
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