Storage Area Network (SAN) Solutions Market By Component Type (Software and Hardware), By Services (Consulting, System Integration and Support & Maintenance), By Server (Hyperscale and Enterprise Server SAN), By Technology (Fiber Channel, Fiber Channel over Ethernet, InfiniBand and iSCSI Protocol), By Industrial Vertical (BFSI, Retail & E-Commerce, IT & Telecom, Energy & Utilities, Government, Education, Aerospace, Healthcare) – Growth, Future Prospects, and Competitive Analysis, 2019 - 2027

Continued Emphasis on Network Management to Bolster the Demand for Storage Area Network (SAN) Solutions

The storage Area Network (SAN) Solutions Market is expected to reach a market value of US$ 25.8 billion in 2027, with a promisin CAGR from 2019 to 2027. A storage area network (SAN) is a network that primarily transfers data between computer systems and storage elements.SAN includes a management layer that organizes storage elements, connections, and computer systems so that data transfer becomes more secure and robust.

SAN eliminates any constraints on the amount of data that a server can access. Traditional server systems' functionality is limited by the limited number of storage devices attached to each server. Instead, SAN introduced flexibility in networking to enable one server or several heterogeneous servers to share a common storage utility. With several other benefits over its counterparts, SAN is expected to witness promising adoption across the forecast period.

Market Synopsis

Hardware is the largest contributor; software is expected to be the fastest growing segment in the Storage Area Network (SAN) market.

The Storage Area Network (SAN) is composed of distinct hardware components that are assembled to form the physical system.RAID storage systems, bridges, hubs, servers, switches, backup devices, interface cards, and cabling, among others, form storage systems that facilitate the policies of an IT organization. The majority of standards that are involved with SANs are concerned with interoperability.

Some of these standards are still evolving and have not been equally adopted by all manufacturers of equipment used in SAN. This leads to difficulties when matching up devices from different vendors and suppliers. However, with promising investment by leading players in the technological development of hardware, the segment is expected to grow at a steady rate.

Similarly, the software segment is projected as the fastest-growing segment in the overall Storage Area Network (SAN) market worldwide. Several organizations are focusing on making notable improvements in the way they organize their internal storage systems through an efficient data management process. Leading private and public organizations are collaborating with SAN software providers to cater to the more dynamic demands of consumers.

Promising Upsurge of End-use Industry Verticals to Ensure a Higher Growth Rate in the Asia Pacific Market

At present, North America is the leader in the overall storage area network (SAN) market. With the adaptive nature of the North American market toward advanced technology, the Storage Area Network (SAN) market is projected to witness a steady surge across the forecast period. Moreover, the Asia Pacific market was the fastest-growing regional market during the forecast period.

Asia Pacific's IT and telecommunications market is a complex ecosystem of governments, start-ups, SMEs, and other large multinational companies. Primarily driven by a blend of a growing middle-class population, technological innovation, and rising urbanization, the ICT industry is expected to witness significant growth in the following years.

As a result, the promising SAN solution market in this region is expected to be driven by the rapid growth of other end-use industry verticals.

Hewlett-Packard Development Company, L.P., Datacore Software, EMC Corporation, NexentaStor, SimpliVity, Nutanix, Scale Computing, Citrix Systems, Inc., Hitachi, Ltd., StorMagic, and others are key players in the global storage area network (SAN) market.

Periods of History and Forecast

This research report presents the analysis of each segment from 2017 to 2027,considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The Storage Area Network (SAN) market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global Storage Area Network (SAN) market based on component type, services, server type, technology, industry, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the size of the storage area network (SAN) market in 2018, and what is the forecast up to 2027?
  • Which is the largest regional market for Storage Area Networks (SAN)?
  • What are the key market trends observed in the Storage Area Network (SAN) market?
  • Which are the most promising component types, service types, server types, technologies, and industrial vertical Storage Area Network (SAN) markets?
  • Who are the key players leading the market?
  • What are the key strategies adopted by the leading players in the market?
  • What are the key end-use industrial vertical trends across different geographies and sub-geographies?

Frequently Asked Question:

The market for Storage Area Network Solutions Market is expected to reach USD$ 25.8 Bn in 2027.

The Storage Area Network Solutions Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2019 -2027.

The base year of this report is 2018.

Development Company, L.P., Datacore Software, EMC Corporation, NexentaStor, SimpliVity, Nutanix, Scale Computing, Citrix Systems, Inc. are some of the major players in the global market.

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Published Date:  May 2019
Category:  Technology & Media
Report ID:   59706
Report Format:   PDF
Pages:   120
Rating:    4.2 (58)
Delivery Time: 24 Hours to 48 Hours   
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