Key Factors to Fuel Growth of the Storage Networking Market through 2017 - 2025

Storage networking, also known as storage area network (SAN) is a network of various storage devices connected to other IT networks used to provide access to a protected, block level data storage. It is a centralized space of storing vast amount of digital data that can be accessed by multiple users by using high speed network connections. It is being used to improve the storage space of mass storage devices such as tape libraries that have access to servers. The explosive use of the internet, data warehousing, and the increased use of personal technology is creating an unprecedented demand to store information.

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Significant killer applications such as voice and speech recognition, digital language translation, digital photography, video technologies, desktop video conferencing, and set-top boxes/web TV are generating vast data on a daily basis. In order to manage this bulk data more storage spaces, devices, servers, and other related hardware are required, which in turn increases additional costs on data center infrastructure up gradations. Traditional networks are no longer feasible as data generation will continue to grow at an alarming rate. Storage networking or storage area networks are able to handle, store and manage such large amount of data. These storage networking solutions are much cost effective and of high performance.

The main drivers for growth of storage networking market is due to rapid increase in adoption of cost effective solutions. Furthermore, the cost effective solutions and an easy up gradation are major drivers fueling the storage networking market. The requirement of data center infrastructure to manage data will continue to increase with the massive amount of data generation by various organizations. With the help of storage networking, organizations are able to reduce additional or up gradation costs for servers, flash, storage subsystem, network attached storage or solid state drivers.

The storage networking market can be categorized on the basis of type, solution, service, end user type and region. In storage networking market, the type segment can further be classified into hyper scale and enterprise. On the basis of solution, the storage networking market can again be categorized into software and hardware. On the basis of service segment, the global storage networking market can be categorized into system integration, consulting services and support and maintenance. On the basis of end user, the global storage networking market can be categorized into government, telecom and Information Technology, BFSI domain, manufacturing, transport, healthcare and others. On the basis of geography, the global storage networking market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America.

North America is the largest shareholder of global storage networking market and is expected to have a steady growth over forecast period. North America is being followed by Europe in terms of market share in global storage networking market. Also among the regions in storage networking market, Asia Pacific region is expected to grow at a higher rate in the forecast period mainly due to increasing data traffic especially in India and China. Among the end user in of global storage networking market healthcare is estimated to grow at a higher rate in forecast period due to generation of huge amounts of medical data.

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The major players in storage networking market are NetApp, Inc., Cisco Systems, Inc., Coraid, Inc., Dell, Inc., Hewlett-Packard Company, LSI Corporation, Overland Storage, Inc., Cutting Edge Networked Storage, EMC Corporation, Brocade Communications Systems, Inc., Emulex Corporation, International Business Machines Corporation, NETGEAR, Inc., and Nexsan Technologies, Inc. These companies are investing a lot in their R&D so as to incorporate new technologies in their systems and develop new products to excel in global storage networking market.

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