Press release
Key Factor Supporting Server Storage Area Network Market Development in 2025: Rising IoT Adoption Drives Growth In The Server Storage Area Network Market
Server Storage Area Network
How Large Will the Server Storage Area Network Market Size By 2025?
In the past few years, there has been a significant increase in the size of the server storage area network market. The values are projected to rise from $22.38 billion in 2024 to $23.89 billion in 2025, growing at a Compound Annual Growth Rate (CAGR) of 6.7%. The noteworthy growth during the historical period can be connected to factors such as the explosion of data, embracement of virtualization, the shift towards cloud computing, emphasis on cutting costs, and the demand for performance.
How Big Is the Server Storage Area Network Market Size Expected to Grow by 2029?
In the coming years, the market size of the server storage area network is projected to experience robust growth, reaching $30.94 billion by 2029 with a 6.7% compound annual growth rate (CAGR). The uptick during this prospective period is due to the expansion in data, increased digital transformation endeavours, developments in big data and analytics, and heightened interest in the Internet of Things. Predominant trends in this future timeframe encompass the growing demand for hyper-converged infrastructure, the enlargement of edge computing, transition towards software-defined storage, the emergence of artificial intelligence and machine learning workloads, and advances in data security processes.
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Which Key Market Drivers Powering Server Storage Area Network Market Expansion and Growth?
With the surge in the usage of Internet of Things (IoT) devices, the server storage area network market is anticipated to experience significant expansion. IoT devices are physical entities equipped with sensors, software, and various other technologies, allowing them to transmit and exchange information with other systems or devices via the internet or varying communication networks. These devices are becoming increasingly popular due to their capability to boost efficiency, automation, and data-driven decisions in diverse sectors and daily life. In a server storage area network (SAN), IoT devices aid in the supervision, control, and amelioration of storage resources by gathering and analyzing data in real-time. As per a report put forth by Ericsson, a telecommunications corporation based in Sweden, in September 2023, the global IoT connections have escalated to 15.7 billion in 2023, and are predicted to amplify to 38.9 billion by 2029. Therefore, the escalating usage of Internet of Things (IoT) devices is contributing to the advancement 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?
Key players in the server storage area network market are concentrating their efforts on integrating artificial intelligence (AI) into their technologies to gain an advantage over their competitors. An enterprise storage server (ESS) that is specifically configured for AI generally possesses advanced features and capabilities that cater to the rigorous demands of AI operations. These operations usually include large-scale data management, model training, and making inferences. As an example, in August 2022, the International Business Machines Corporation, a technology firm based in the US, unveiled its Enterprise Storage Server (ESS) 3500. The ESS 3500, a spectrum-scale enterprise storage server, has been specifically optimized to handle AI workloads. This server offers quick storage for AI in terms of modeling and training by using a variety of storage types, a faster controller CPU, and supports up to 91 GB/sec sequential read.
What Are the Emerging Segments in the Server Storage Area Network Market?
The server storage area networkmarket 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 2024. 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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