PUBLISHER: The Business Research Company | PRODUCT CODE: 1546478
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546478
An Ethernet Storage Fabric (ESF) serves as a robust and scalable network infrastructure that employs Ethernet technology to interconnect storage systems. It utilizes the Ethernet protocol to create a unified, efficient, and cost-effective environment for linking storage devices, servers, and networks, facilitating high-speed data storage and transfer.
The primary components of an ethernet storage Fabric include switches, controllers, and adapters. Switches within this market segment are essential networking devices that connect multiple devices within a Local Area Network (LAN). They efficiently route data packets between devices, optimizing network performance and ensuring swift data transmission. The various switching ports supported range from 10 GbE to 25 GbE, 40 GbE to 50 GbE, and 100 GbE and higher. Various storage types such as block storage, hyper-converged infrastructure, file storage, and object storage are supported, catering to diverse applications in sectors including telecommunications, aerospace, manufacturing, oil and gas, government, utilities, mining, and others.
The ethernet storage fabric market research report is one of a series of new reports from The Business Research Company that provides ethernet storage fabric market statistics, including ethernet storage fabric industry global market size, regional shares, competitors with an ethernet storage fabric market share, detailed ethernet storage fabric market segments, market trends, and opportunities, and any further data you may need to thrive in the ethernet storage fabric industry. This ethernet storage fabric 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 ethernet storage fabric market size has grown rapidly in recent years. It will grow from $1.84 billion in 2023 to $2.08 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. During the historic period, growth was driven by heightened demand for high-speed data transfer, expansion of remote workforce capabilities, initiatives to consolidate data centers, heightened focus on data security, and increased adoption of cloud services.
The ethernet storage fabric market size is expected to see rapid growth in the next few years. It will grow to $3.49 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%. Anticipated growth in the forecast period can be attributed to escalating data volumes, growing AI adoption, heightened focus on data security, increasing environmental sustainability efforts, and rising demand for enterprise mobility. Key trends expected in this period include advancements in technology, AI integration, hybrid cloud storage solutions, advancements in virtualization technology, and increased adoption of cloud-based services.
The ethernet storage fabric market is poised for growth with the increasing adoption of cloud computing. Cloud computing enables access to a shared pool of configurable computing resources such as servers, storage, databases, and networking over the internet, on-demand. Its growing popularity stems from its transformative impact on business operations, allowing organizations to innovate quickly, reduce costs, enhance efficiency, and adapt more effectively to market changes and customer demands. Ethernet storage fabric plays a crucial role in accelerating cloud adoption by offering efficient, scalable, and high-performance storage networking solutions that support modern cloud applications, services, and infrastructure. For example, Eurostat reported that by December 2023, approximately 45.2% of enterprises in the European Union had adopted cloud computing services, up 4% from 2021, primarily for tasks such as hosting email systems and storing electronic files. Hence, the rising adoption of cloud computing drives the growth of the ethernet storage fabric market.
Leading companies in the ethernet storage fabric market are concentrating on developing innovative products such as optimized ethernet switches tailored for high-capacity fabric needs in artificial intelligence (AI) and machine learning (ML) workloads. Optimized ethernet switches are designed or configured to maximize performance, efficiency, and flexibility in data transmission within local area networks (LANs) or data centers. For instance, in October 2023, Edgecore Networks introduced the DCS560, an advanced 800G-optimized Ethernet switch. This cutting-edge switch delivers a high-capacity, low-latency fabric for AI and ML applications, boasting 51.2 Tbps of total bandwidth and 64 high-speed 800G ports in a compact, redundant 2RU system. Its design ensures reliability with power and fan tray redundancy, meeting the demanding requirements of cloud applications.
In February 2024, Hewlett-Packard Enterprise Company (HP) acquired Juniper Networks for $14 billion, enhancing its presence in the networking and cybersecurity sectors. Juniper Networks Inc., a US-based provider of ethernet storage fabric solutions, was acquired to bolster HP's portfolio and capabilities in these critical technology domains.
Major companies operating in the ethernet storage fabric market are Dell Technologies Inc., Huawei Technologies Co. Ltd., Lenovo Group Limited, Intel Corporation, Cisco Systems Inc., Broadcom Inc., Fujitsu Limited, Micron Technology Inc., Hewlett Packard Enterprise Company, NVIDIA Corporation, Western Digital Corporation, Microchip Technology Inc., NetApp Inc., Juniper Networks Inc., Marvell Technology Group Ltd., Fortinet Inc., Arista Networks Inc., Hitachi Vantara LLC, Nutanix Inc., Extreme Networks Inc., Edgecore Networks Corporation, D-Link Corporation, Kaminario Technologies Ltd., Liqid Inc.
North America was the largest region in the ethernet storage fabric market in 2023. The regions covered in the ethernet storage fabric market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the ethernet storage fabric market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The ethernet storage fabric market includes revenues earned by entities by providing services such as quality of service (QoS), ethernet switching, and congestion management. The market value includes the value of related goods sold by the service provider or included within the service offering. The ethernet storage fabric market consists of sales of ethernet switches, storage arrays, network interface cards, software-based storage solutions, management and monitoring tools, and converged network adapters. 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.
Ethernet Storage Fabric 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 ethernet storage fabric 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 ethernet storage fabric ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ethernet storage fabric 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.