Storage Area Network (SAN) Solutions Market – Snapshot
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%.
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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.
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).
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In terms of region, North America is expected to hold a major share in the storage area network solutionsmarket.Growth in this region is attributed to strong adoption and penetration of storage area network solutions software, hardware, and services, as well as considerable application of storage area network solutions in different end-user segments across the region. The market in Asia Pacific is expected to witness lucrative growth due to rising adoption of such software in India, Japan, Philippines, and Singapore. Furthermore, the markets in Middle East & Africa (MEA) and South America are also expected to grow significantly during the forecast period.
Attracted by fast technological advancements and rising spending in the ICT sector, many players are driven to develop comprehensive suites comprised of hardware, and software. Some of the key players profiled in the storage area network solutions market report include Hewlett Packard Enterprise Development L.P., Hitachi Data Systems Corporation, Dell, Inc., IBM Corporation, and Cisco Systems, Inc., QLogic Corporation, Nutanix, Inc., DataCore Software Corporation, and NEC Corporation.