Increasing number of data centers and requirement for improved data storage management is helping the market grow
The global server storage area network (SAN) market size is likely to attain about USD 325 billion by the year 2028. Besides, it is likely to project a CAGR of more than 45% during the forecast years 2021-2028. A storage area network (SAN) or storage network is a computer network which provides access to consolidated, block-level data storage. SANs are primarily used to access data storage devices, such as disk arrays and tape libraries from servers so that the devices appear to the operating system as direct-attached storage. A SAN typically is a dedicated network of storage devices not accessible through the local area network (LAN).
SANs make up about two-thirds of the total networked storage market. They are designed to remove single points of failure, making SANs highly available and resilient. A well-designed SAN can easily withstand multiple component or device failures.
The present and future higher rducation market progress is summarized to conclude the attractiveness of the entire market. Also, prime factors that influence the Server Storage Area Network market opportunities during the forecast years. Factor such as technological advancement has helped helped the industry grow. Increasing number of data centers and requirement for improved data storage management is also helping the market growth.
The report also emphasizes several distinctiveness of the global server storage area network industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the Server Storage Area Network industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The Server Storage Area Network market has tough competition among the new emerging and pre-established market vendors. Besides, the Server Storage Area Network industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
In terms of the type, the market is categorized into solution, and services. The service segment is predicted to hold the major share of the market while the solution segment is expected to witness rapid growth. This is owing to owing to factors like high growth in the adoption of managed services and increasing requirements of various kinds of post- and pre-sales services.
The Asia-Pacific is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the Server Storage Area Network market in this region is mostly ascribed to Asia Pacific’s forefront position of SAN industry, offering strong growth opportunities to market participants. Players in the area concentrate on providing real-time access to data storage provided by a cluster of nodes, a high-speed platform with several hosts, and an intelligent SAN storage system. With the growing focus of SAN service providers on building a large market presence, a large rise in IT investment by businesses across sectors boosts market growth.
The major players of the global Server Storage Area Network market are Citrix Systems, Inc., Datacore Software, EMC Corporation, Hewlett-Packard Development Company LP, Hitachi Ltd., Nexenta Systems, Inc., Nutanix, Inc., and Scale Computing. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
Key Segments of the Global Server Storage Area Network Market
Type Overview, 2019-2028 (USD Billion)
Application Overview, 2019-2028 (USD Billion)
Regional Overview, 2019-2028 (USD Billion)
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America