Overview and Scope
The storage area network (SAN) solutions market consists of revenues earned by entities by providing services such as storage provisioning, storage management and monitoring, and security control. The market value includes the value of related goods sold by the service provider or included within the service offering. The storage area network (SAN) solutions market also includes sales of storage arrays and controllers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Sizing and Forecast
The storage area network (SAN) solutions market size has grown strongly in recent years. It will grow from $19.89 billion in 2023 to $20.91 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to increasing data generation and storage needs, improving storage availability and reliability, data explosion from enterprise applications, data center consolidation, and regulatory compliance requirements.
The storage area network (SAN) solutions market size is expected to see strong growth in the next few years. It will grow to $25.98 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to growing middle class population, increasing ICT spending, flexibility and scalability, rising urbanization, increasing adoption of cloud computing, and increasing demand for scalable and efficient storage. Major trends in the forecast period include increasing focus on data security and compliance, emergence of big data and analytics, proliferation of internet of things (IoT) devices, adoption of artificial intelligence and machine learning, and technological developments.
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Segmentation & Regional Insights
The storage area network (SAN) solutions market covered in this report is segmented –
1) By Component: Software, Hardware, Services
2) By Server: Hyperscale Server SAN, Enterprise Server SAN
3) By Technology: Fiber Channel (FC), Fiber Channel Over Ethernet (FCoE), InfiniBand, iSCSI Protocol
4) By Application: Banking, Financial Services And Insurance, Information Technology And Telecom, Retail, Education, Healthcare, Manufacturing, Government, Other Applications
North America was the largest region in the storage area network (SAN) Solution market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the storage area network (SAN) solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising e-commerce sector is expected to propel the growth of the storage area network (SAN) solutions market going forward. E-commerce involves purchasing and selling goods and services online. The rising e-commerce sector is due to convenience, accessibility, and personalization of the products. Storage area network (SAN) solutions play a pivotal role in supporting the storage, performance, and operational needs of e-commerce businesses amidst the sector’s rapid growth. Leveraging SAN technologies, e-commerce platforms efficiently handle data-intensive operations, ensure high availability and security, and deliver seamless customer experiences, driving business success in a competitive digital marketplace. For instance, in May 2024, according to the Bureau of the Department of Commerce, a US-based government website, the first quarter of 2024 e-commerce estimate rose by 8.5% compared to the first quarter of 2023, while total retail sales grew by 2.8% during the same period. Therefore, the rising e-commerce sector drives the storage area network (SAN) solutions market.
Key Industry Players
Major companies operating in the storage area network (SAN) solutions market are NEC Corporation, Samsung Electronics Co Ltd., Dell Technologies Inc., Huawei Technologies Co Ltd., Hitachi Ltd., IBM Corporation, Cisco Systems Inc., Oracle Corporation, Fujitsu Limited, Micron Technology Inc., Hewlett Packard Enterprise Co., NetApp Inc., Super Micro Computer Inc., OpenText Corporation, Pure Storage Inc., Pure Storage Inc., Veritas Technologies LLC, Veeam Software, Cohesity Inc., DataDirect Networks, Synology Inc., Pivot3, Zadara Storage Inc., IDG Communications Ltd
The storage area network (san) solutions market report table of contents includes:
1. Executive Summary
2. Storage Area Network (SAN) Solutions Market Characteristics
3. Storage Area Network (SAN) Solutions Market Trends And Strategies
4. Storage Area Network (SAN) Solutions Market – Macro Economic Scenario
5. Global Storage Area Network (SAN) Solutions Market Size and Growth
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32. Global Storage Area Network (SAN) Solutions Market Competitive Benchmarking
33. Global Storage Area Network (SAN) Solutions Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Storage Area Network (SAN) Solutions Market
35. Storage Area Network (SAN) Solutions Market Future Outlook and Potential Analysis
36. Appendix
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