Storage Area Network Market by Component (Software, Hardware, Services), by Technology (Fiber Channel (FC), by Industry Vertical (BFSI, Retail and E-commerce, IT and Telecommunication, Energy and Utility), by North Americ (United States, Canada, Mexico), by South America (Brazil, Mexico, Rest of South America), by Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), by MEA (Middle East, Africa) Forecast 2024-2032
The Storage Area Network Market size was valued at USD 19.4 billion in 2023 and is projected to reach USD 52.3 billion by 2032, exhibiting a CAGR of 10.7 % during the forecast period. The Storage Area Network (SAN) market refers to the configuration of high-speed and corporate-level networking equipment responsible for the management of large storage subsystems and the issuing of direct-access block storage to servers. SANs are essential for increasing storage efficiency, increasing data transfer rates, and centralizing the functions of storage space. Some of the practical uses, where the above technologies can be applied include data centers, enterprise IT infrastructure, cloud services, and disaster recovery solutions. Trends currently witnessed in the SAN market include the use of an all-flash storage array for enhanced performance, the ingestion of NVMe over Fabrics for want of lower latency, and the use of software-defined storage for flexibility. There are various factors as to why there has been an increase in the market, these are increased demand for bandwidth, data center integration, and rapid need for data storage for large corporations and organizations.
Component:
Technology:
Industry Vertical:
The storage area network market is expected to continue to grow in the coming years. The growing demand for data storage and management, coupled with the increasing adoption of cloud computing and virtualization technologies, is driving the growth of the SAN market. Vendors in the storage area network market are investing in research and development to develop new products and solutions that meet the evolving needs of their customers.
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 10.7% from 2018-2032 |
Segmentation |
|
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 10.7% from 2018-2032 |
Segmentation |
|
Note* : In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Office no. A 5010, fifth floor, Solitaire Business Hub, Near Phoenix mall, Pune, Maharashtra 411014
Craig Francis
Business Development Head
+44 1223 92 666
sales@advancemarketanalytics.com
get latest updates and offers.