The ESF technology advancements leading to scalability, flexibility and cost-effectiveness is anticipated to provide growth opportunities to the global Ethernet storage fabric market.
Ethernet storage fabric is accounted as the fastest option for network storage. Ethernet storage fabric boost network speed, connectivity, flexibility, and is cost effective than the conventional network storage. ESF supports speed from 10 to 100Gb in just few seconds which is three times higher performance than the fibre channel. The Ethernet storage fabric is suitable for both software-defined storage and hyperconverged infrastructure (HCI).
As a result, the ESF furniture is witnessing increased demand in the local and global markets. This is leading to improved market revenue. According to some market predictions the global Ethernet storage fabric market is projected to reach close to 4.3 USD Billion by 2028 with an annualized growth rate of 12.9% from 2021 to 2028. Factors such as enterprise mobility and cost efficiency have favored large scale adoption-backed growth in the global ethernet storage fabric market.
Increasing demand for high bandwidth performance in enterprise data centers, growth in virtualization technologies, and digital revolution in industry verticals including healthcare, BFSI, education etc is also boosting the global Ethernet storage fabric market.
However, low latency storage, network limitations, speed, and connectivity issues are the key bottleneck hampering the market growth. Furthermore, advanced connectivity infrastructure, high speed, flexibility, and cost-effective network storage over conventional networks is anticipated to provide growth opportunities to the global Ethernet storage fabric market.
The global ethernet storage fabric market is experiencing tremendous growth due to increasing adoption of new technologies, innovations, growing business establishments, and expansions. The rapidly evolving technology landscape, changing consumer preferences for achieving operational efficiency, growing demand for enterprise mobility, rapid shift of industry verticals in rate of preferences are aggravating the global Ethernet Storage Fabric market.
Adroit Market Research Report endows in-depth analysis of global ethernet storage fabric market. The report details the growth rate, macroeconomic environment, buying patterns of customers, possible future trends, demand and supply market scenarios. The report gives comprehensive insights about the market along with emerging market opportunities, appropriate directions for businesses, advanced industry insights, practical solutions, new business models, latest technologies, etc topics crucial about the market. It provides market analysis and insights related to various factors that may be prevalent in the market in the years ahead along with its impact on the market.
The impact of Covid-19 outbreak and the recovery strategies adopted by the market players are highlighted in the report. In terms of market players, the key companies operating in the market are studied in the report including their geographical footprint, key products and services, company profiles and other details about the market.
Based on various approaches the global Ethernet storage fabric market is classified into segments namely Hardware and Software. The hardware segment roped in the highest market share and is likely to dominate in the forecast years 2021-2028. The hardware Ethernet storage fabric delivers fastest storage networking, cost effective, intelligent networking, leverages speed, and flexibility. Most importantly, it is safe, requires one-time investment, and has individual operator.
The aerospace segment is expected to gain highest market revenue and profitability. The key factors for growth of this segment are it offers high bandwidth, flexibility, and scalability.
North American region may contribute greatly to the market growth in the next five years. The countries US and Canada are the leading countries due to increased ESF adoption, advanced storage technologies, ESF based solutions and services, technological advancements, and companies adopting innovations and new technologies.
The APAC region is also the next dominant regions in terms of adopting ESF furniture. The key factors such as growing business establishments, expansions, technology advancements, and increasing adoption of new technologies is driving growth of global Ethernet storage fabric market in APAC.
The major competitors currently working in the global Ethernet Storage Fabric Market are Edgecore Networks, E8 Storage, Argo Technologie SA, Apeiron Data Systems, Vicinity, H3C Technologies CO., Limited, D-Link, Lenovo Group, Allied Telesis Holdings K.K., Fujitsu, Microsemi Corporation, Fortinet, Cisco Systems Inc., Dell Technologies Inc., Intel Corporation, Hewlett Packard Enterprise, Arista Networks, Juniper Networks, Huawei Technologies, and Mellanox Technologies among all other leading players including the new entrants and the well-established firms. The companies based in countries including Taiwan, US, Switzerland, China, Japan, and Israel.
Key Segments of the Global Ethernet Storage Fabric (ESF) Market
Product Type Overview, 2018-2028 (USD Billion)
Application Overview, 2018-2028 (USD Billion)
- Manufacturing and Processing
- Oil and Gas
- Power and Utilities
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia-Pacific
- Rest of South America
Middle East and Africa