Storage area network or SAN is a network of storage systems that delivers block-level storage services to networked devices. A storage area network is the storage solution used when high quality performance has to be delivered to a large number of concurrent users. These solutions are used as the storage layer for high-volume transactional systems, or for densely virtualized infrastructure. The market for storage area network solutions is forecasted to grow to US$ 24,461.5 Mn by 2026, recording a CAGR of 4.4%.
The advancement in technologies and business operations leads to generation of excessive amount of data on a day-to-day basis. More storage servers, spaces, devices, and related hardware are requiredto efficiently manage this vast data, which imposes additional cost on data center infrastructure. Redundant Arrays of Inexpensive Disks (RAID) and other storage technologies are no longer viable to manage the exponential increase in data. SAN solutions are an effective alternative that makes this enormous data manageable and accessible.
Providing effective data storage management focused solutions have opened doors for new entrants in the storage area network solutions market. Shared storage, centralized control, and flexibility to share capacity between multiple hosts are the key factors responsible for driving the product within the small and medium scale business. Increased ICT spending is also expected to buckle up the global storage area network solutions market. These factors are likely to augment the demand for storage area network solutions, contributing to the growth of the market during the forecast period.
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Another major driver of the storage area network solutions market is its low upgrade cost. Rising amount of data every day leads to complexity and additional cost of infrastructure, once the maximum storage capacity is reached within a firm. The upgrade of data center infrastructure entails additional cost for storage subsystem, servers, and network attached storage (NAS). SAN solutions minimizes these additional or upgrade costs as storage management in this system is based on low software cost and is independent of additional hardware storage.
The storage area network solutions market is segmented on the basis of components, technology, and end-use. Based on components, the market has been segmented into hardware, software, and services (consulting, system integration, support & maintenance). The hardware component held major share in 2016 and is expected to dominate the market till the end of 2027. However, the software segment is set to grow with the highest CAGR by the end of the forecast period. Based on technology, the market has been segmented into Fibre Channel (FC), Fibre Channel over Ethernet (FCoE), infiniBand, and iSCSI Protocol. The Fibre Channel technology segment held the major share in 2016 in the overall storage area network solutions market. In terms of end-use, the market has been bifurcated into BFSI, retail & e-commerce, government & education, military & defense, healthcare, IT & telecom, energy & utilities, manufacturing, and others (logistics & transportation).
The report segments the market on the basis of component into software, hardware, and services (consulting, system integration, and support & maintenance). Based on technology, the market is segmented into Fiber Channel (FC), Fiber Channel over Ethernet (FCoE), InfiniBand, and iSCSI Protocol. In terms of industry, the market is classified into BFSI, retail and e-commerce, IT and telecommunication, energy and utility, government offices and education, aerospace and defense, healthcare, manufacturing, and others such as transportation and logistics. The report provides in-depth segment analysis of the global SAN solutions market, thereby providing valuable insights at the macro as well as micro levels.
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The report also highlights the competitive landscape of the global SAN solutions market, positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the SAN solutions market. The comprehensive market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic,and technological factors along with the current market dynamics affecting the SAN solutions market growth.
This report provides all the essential information required to understand the key developments in the SAN solutions market and growth trends of each segment and region. It also includes companies’ strategies, financial information, regional presence and developments under the company profile section. The report also provides insights related to trends and their impact on the market. Furthermore, Porter’s Five Forces analysis explains the five forces, namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the SAN solutions market. This report provides a comprehensive ecosystem analysis of the SAN solutions market. It explains the various participants, including software & hardware vendors, system integrators, intermediaries, and end-users within the ecosystem of the market.
