Market Analysis
The server storage area network market will touch USD 59 billion at a 37% CAGR in the forecast period 2016- 2023, as per the new Market Research Future (MRFR) analysis. A server SAN, simply put, is a combined compute and pooled storage resource having more than one storage device attached directly to separate multiple servers.
Various factors are fuelling the global server storage area network market size. As per the recent MRFR market estimates, such factors include minimal intervention with network traffic, centralized backup that prevents loss of data thus ensuring data safety, improvement of business operations and technology worldwide, cost-effective nature, increasing use during COVID-19 pandemic, and SAN being a highly scalable, adaptable, and flexible technology.
On the contrary, lack of awareness, high cost issue, deployment issues due to complicated integration, and lack of knowledge may deter the global server storage area network market growth over the forecast period.
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Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global server storage area network industry based on organization, type, services, and component.
By component, the global SSAN Market is segmented into hardware & software. The software segment is again bifurcated into platform software and application software. Of these, the hardware segment will lead the market over the forecast period.
By services, the global server storage area network market is segmented into managed service & professional service. The professional service is again bifurcated into support and maintenance service, consulting service, and integration and deployment service.
By type, the global server storage area network market is segmented into enterprise server storage area network and hyperscale server storage area network.
By organization, the global server storage area network market is segmented into large enterprise & small and medium enterprise.
Regional Analysis
By region, the global server storage area network market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America and the Rest of the World (RoW). Of these, North America will rule the market over the forecast period. Increasing adoption of data centers for improved data storage management, early adoption of the technology, rich concentration of vendors offering solutions and services for server storage area network for different applications, and increasing demand in the US are adding to the global server storage area network market share in the region.
The global server storage area network market in the APAC region is predicted to have healthy growth over the forecast period. Developments in storage area network market, adoption of emerging network technologies, companies expanding their product portfolio by shifting businesses onto the cloud, increasing emphasis of SAN solution vendors to develop strong market presence, and strong increase in the IT investments of enterprises across industries are adding to the global server storage area network market growth in the region.
The global server storage area network market in Europe is predicted to have notable growth over the forecast period and in RoW is predicted to have sound growth over the forecast period.
Key Players
The notable players profiled in the server storage area network market report include Cumulus Networks (U.S.), Docker, Inc. (U.S.), ExtraHop Networks (U.S.), Pluribus Networks (U.S.), SwiftStack Inc (U.S.), Teridion (U.S.), Veeam Software (Switzerland), Cisco Systems, Inc (U.S.), Red Hat, Inc (U.S.), CloudGenix Inc (U.S.), Cambium Networks, Ltd (U.S.), Big Switch Networks, Inc (U.S.), Barefoot Networks (U.S.), A10 Networks, Inc. (U.S.), The Siemon Company (U.S.), StorMagic Ltd. (U.K), Scale Computing (U.S.), Hitachi, Ltd (Japan), Citrix Systems, Inc (U.S.), Nutanix (U.S.), DataCore Software (U.S.), Dell EMC (U.S.), and Hewlett-Packard Development Company, L.P. (U.S.), among others.
The server storage area network market is highly fragmented and competitive in nature with the presence of several well-established domestic and international players. These industry players have used several strategies to stay ahead such as mergers and acquisitions, partnerships, collaborations, geographic expansions, and others. Further, they are also investing in research and development activities.
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Server Storage Area Network Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
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