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Fibre Channel Adapter Market value projected to expand by ‘2025’
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Continuous rise in adoption of virtualized computing environments in enterprises, increasing adoption of data centres are major factors driving the growth of the fibre channel adapter market. Moreover, factors such as increasing adoption of big-data analytics and storage area networking (SAN) are also important factors resulting in the growth of the fibre channel adapter market.Limited IT spending by enterprises, to reduce costs and increase ROI, is restricting the growth of fibre channel adapter market.
The fibre channel adapter market can be segmented on the basis of end-user, and region wise. On the basis of end-user it is further segmented as servers and storage, telecommunication providers, and industrial. Region wise fibre channel adapter market is further segmented into key regions such as North America, Latin America, Asia-Pacific, Western Europe, Eastern Europe, Japan and Middle East & Africa.
North America is largest contributor of fibre channel adapter market, followed by Europe due to increase in IT spending and increased server virtualization in the enterprises. Asia Pacific’s fibre channel adapter market is expected to witness high growth in the forecast period due to growing demand for networking in enterprises and rise in professional services enterprises. Fibre channel adapter market in Latin America and MEA region is also expected to grow at a considerable rate due to usage of data centres in enterprises.
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Intel Corporation, Cisco Systems, Brocade Communications Systems, QLogic, Broadcom, Chelsio Communications, Arista Networks, Mellanox Technologies, are some of key players in fibre channel adapter market.
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