PUBLISHER: The Business Research Company | PRODUCT CODE: 1532085
PUBLISHER: The Business Research Company | PRODUCT CODE: 1532085
A storage area network (SAN) is a specialized network architecture designed to provide centralized and consolidated storage for multiple servers, offering high-performance data storage access at the block level as if it were locally attached.
The primary components of SAN solutions include software, hardware, and services. SAN software comprises a suite of solutions aimed at managing and optimizing Storage Area Networks. These networks encompass hyper-scale server SAN and enterprise server SAN technologies such as Fiber Channel (FC), Fiber Channel over Ethernet (FCoE), InfiniBand, and iSCSI protocols. SAN solutions find application across various sectors including banking, financial services, insurance, information technology, telecom, retail, education, healthcare, manufacturing, government, and others.
The storage network area solutions market research report is one of a series of new reports from The Business Research Company that provides storage network area solutions market statistics, including storage network area solutions industry global market size, regional shares, competitors with a storage network area solutions market share, detailed storage network area solutions market segments, market trends, and opportunities, and any further data you may need to thrive in the storage network area solutions industry. This storage network area solutions research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 observed in the historic period can be attributed to several factors, increasing demands for data generation and storage, enhancements in storage availability and reliability, the proliferation of data from enterprise applications, data center consolidation efforts, and compliance requirements related to regulations.
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%. In the forecast period, growth can be attributed to several factors, the expanding middle-class population, increased spending on information and communication technology (ICT), the flexibility and scalability offered by storage solutions, rising urbanization trends, growing adoption of cloud computing, and the rising demand for efficient and scalable storage solutions. Major trends expected during this period include heightened focus on data security and compliance, the emergence of big data and analytics applications, the proliferation of Internet of Things (IoT) devices, increased adoption of artificial intelligence (AI) and machine learning technologies, and ongoing advancements in technology.
The storage area network (SAN) solutions market is set to expand driven by the burgeoning e-commerce sector. E-commerce involves the buying and selling of goods and services online, driven by factors such as convenience, accessibility, and personalized offerings. SAN solutions are pivotal in supporting the storage, performance, and operational requirements of e-commerce businesses amid their rapid growth. These technologies enable e-commerce platforms to efficiently manage data-intensive operations, ensure high availability, enhance security, and deliver seamless customer experiences, thereby bolstering business success in a competitive digital landscape. For example, as reported by the US Department of Commerce in May 2024, e-commerce estimates for the first quarter of 2024 rose by 8.5% compared to the same period in 2023, outpacing total retail sales growth of 2.8%.
Leading firms in the SAN solutions market are innovating with products such as flash array (AFA) SAN solutions to elevate storage performance, scalability, and efficiency for modern data-intensive applications and workloads. Flash array SAN solutions cater to the dynamic needs of hybrid work environments, offering high-performance storage, reliability, and scalability essential for enterprise-grade applications. For instance, Lenovo, a prominent US electronics company, introduced a new range of All Flash Array SAN solutions in August 2021. These solutions are engineered for ease of management and scalability, supporting diverse connectivity options such as NVMe over Fibre Channel (NVMe/FC), NAS (NFS and CIFS/SMB), iSCSI, and fiber channel storage connectivity. They are widely adopted for high-performance storage tiers within SANs, delivering enhanced reliability, efficiency, and performance.
In June 2022, SAN Solutions Inc., a leading US provider of SAN infrastructure solutions, acquired SecureStorage Systems to strengthen its market presence. This acquisition enhances SAN Solutions Inc.'s security capabilities and expands its service offerings in the storage area network sector. SecureStorage Systems, based in the US, specializes in delivering advanced SAN solutions.
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
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.
The countries covered in the storage area network (SAN) solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Storage Area Network (SAN) Solutions Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on storage area network (SAN) solutions market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for storage area network (SAN) solutions ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The storage area network (SAN) solutions market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.