Global Storage Area Network (SAN) Solutions Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028

Global Storage Area Network (SAN) Solutions Market: Overview

“The global Storage area network solutions Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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Storage area network solutions is a network that is used as storage systems which is able to provide services including block level storage to various network devices. In order to deliver high quality service to large volume of users a storage area network solutions are used.

SAN solutions are utilized as storage layer for densely virtual structure. An SAN solution offers high speed structure which is able to make connection between logical disk units and server.  SAN solutions are manufactured in order to remove failures from systems and these solutions are able to store two-thirds of total network storage.

Global Storage Area Network (SAN) Solutions Market: Dynamics

Increasing enhancement in existing technologies to create high amount of data and need to store this copious data are factors expected to drive growth of the global storage area network solutions market. In addition, rising demand for effective management of vast amount of data, more devices such as storage devices and data centers are required which has high cost.

SAN solution is a perfect replacement of these storage devices with low cost and enhance technology, also allow quick access of stored data are some factors expected to drive growth of the global storage area network solutions market.

Moreover, ability to provide centralized control, great flexibility and shared storage between various servers, and growing IT and software infrastructure are factors expected to drive growth of the global storage area network solutions market.

Further, increasing volume of vast data led to more difficulty for storing this data, increased cost to store and manage this vast data, and high cost for upgradation of data centers are other factors expected to drive growth of the global storage area network solutions as it offers lower cost for upgradation and reduces additional costs.

However, unawareness about storage area network solutions and lack of skillful professionals are some factors expected to hamper growth of the global storage area network solutions market.

Global Storage Area Network (SAN) Solutions Market: Segment Analysis

Among components segments, the hardware segment is expected to account for largest revenue share in the global storage area network solutions market. Increasing adoption of storage area network solutions are expected to drive revenue growth of the hardware segment. Among technology segments, the fiber channel (FC) segment is expected to account for largest revenue share in the global storage area network solutions market.

Global Storage Area Network (SAN) Solutions Market: Region Analysis

North America market is projected to account for higher revenue share in the global storage area network solutions market. High adoption and permeation of storage area networks (SAN) solutions hardware, software, and services in different countries of North America and presence of leading key players are some factors expected to drive growth of the global storage area network solutions market in North America.

Global Storage Area Network (SAN) Solutions Segmentation:

Segmentation by Components:

• Hardware
• Software
• Services

Segmentation by Technology:

• Fiber Channel (FC)
• Fiber Channel Over Ethernet (FCoE)
• InfiniBand
• iSCSI Protocol

Segmentation by End-use Industries:

• BFSI
• E-commerce
• IT and Telecommunication
• Energy and Utility
• Government Offices and Education
• Aerospace and Defense
• Others (Retail, Manufacturing, Transportation, Healthcare, and Logistics)

Segmentation by Region:            

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa