PUBLISHER: Allied Market Research | PRODUCT CODE: 1472330
PUBLISHER: Allied Market Research | PRODUCT CODE: 1472330
Storage area network is a type of internet advertisement that advertisers can buy and position using sophisticated algorithms rather than traditional manual approaches of having to track and buy appropriate ad spaces. Advertisers can use programmatic ad purchasing software to acquire ad space, find suitable places for advertisements, and target their ads. This contrasts with the conventional procedures of negotiating with human representatives and requesting ad placements. Rise in remote working culture during the COVID-19 pandemic aided in propelling the growth of social media and online platforms, thereby fostering the demand for storage area network solutions. Moreover, surge in demand for easily accessible and shorter forms of entertainment and media positively impacts the growth of the storage area network market. However, data privacy and sharing challenges on storage area network platforms hamper the storage area network market. On the contrary, the integration of advanced tools such as machine learning and data analytics with storage area network solutions suites are expected to offer remunerative opportunities for expansion of the storage area network market during the forecast period.
Furthermore, surge in digital revolution, data growth, hybrid IT environments and cloud adoption primarily drive the growth of the storage area network market. However, cost constraints, budgetary limitations, legacy system integration and compatibility issues hamper the market growth. On the contrary, rise in demand for storage solutions is expected to provide lucrative opportunities for market growth during the forecast period.
On the basis of type, the hypercscale server SAN segment dominated the storage area network market in 2022 and is expected to maintain its dominance in the upcoming years as it offers companies the capacity to track orders, manage records, handle logistics, analyze data and other tasks, which propels the market growth significantly. However, the enterprise server SAN segment is expected to witness the highest growth, as it helps organizations leverage the data generated by the global storage area network to optimize their operations, gain valuable insights, and make informed decisions.
Region-wise, North America dominated the storage area network market in 2022 and is expected to retain its position during the forecast period, owing to rise in focus on technological advancements and infrastructure development aiding the growth of the storage area network market. However, Asia-Pacific is expected to witness significant growth during the forecast period, due to rise in demand for digitalization and data-driven decision making. Furthermore, several major storage area network providers including Hewlett Packard Enterprise Development LP, Dell Inc., IBM Corporation, Oracle Corporation, and NetApp are introducing new products & services.
The report focuses on growth prospects, restraints, and analysis of the storage area network trend. The study provides Porter's five forces analysis to understand the impact of numerous factors, such as the bargaining power of suppliers, the competitive intensity of competitors, the threat of new entrants, the threat of substitutes, and the bargaining power of buyers on the storage area network market share.
The key players operating in the market include Hewlett Packard Enterprise Development LP, Dell Inc., IBM Corporation, Broadcom Inc, NetApp, Cisco System Inc., NEC Corporation, Fujitsu, Huawei Technologies Co., Ltd., and Citrix Systems, Inc. The report highlights the strategies of the key players to improve the market share and sustain competition.
Additional benefits you will get with this purchase are:
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)