SERVER STORAGE AREA NETWORK (SAN) MARKET TO REACH USD 169.3 BILLION BY 2027 | CAGR 50.1% – FORENCIS RESEARCH

Server Storage Area Network (SAN) MarketΒ - Global Industry Analysis and Forecast 2020 to 2027

Global Server Storage Area Network (SAN) Market: Key Highlights

  • According to the new market research report Server Storage Area Network (SAN) Market by Services (Training and Consulting Services), by Solution (Software and Hardware), by Types (FSP, ISCSI), by End-Use (SME and Large Business), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)”, the global Server Storage Area Network (SAN) market is estimated to reach USD 169.3 Billion by 2027 at a CAGR of around 50.1% during the review period.
  • The server storage area network is a high speed network of storage device, which can help to connect storage device with servers. It is assembled with the three different components such as cabling, Host Bus Adapters (HBAs) and switches, which is being attached to storage arrays to servers.
  • The network mostly based on Fibre Channel (FC) technology which use Fibre Channel Protocol (FCP) for the open systems and also for the different variants for mainframes

Server Storage Area Network (SAN) Market

Global Server Storage Area Network (SAN) Market: Key Market Dynamics

  • With the enhancement in data backup and migration improve the scalability for the storage infrastructure, is witness to increase the demand of the server Storage Area Network (SAN) market.
  • The advancement for fault tolerance capacity is majorly important for the data storage and infrastructure of IT. The devices is majorly base on cloud computing platform into the network for the high availability uptime and storage for system.
  •  The implementation these network in the business may charge high cost, as it provides high data security with the transfer facilities to run a business which may hinder the growth of the market in the forecast period.

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Global Server Storage Area Network (SAN) Market: Regional Overview

  • Asia-Pacific:

In 2020 , China government consider Free Trade Agreements (FTAs) platform to enhancing the domestic reforms and also to improve the economy growth. Also strength the economic cooperation with other economics and to improve the multilateral trading system. Moreover, the region is on the adoption phase for the growth of Information and Communications Technology (ICT) which will lead to improve the government services and financial management sectors.

Hence, in 2019, Huawei Technologies with the record of 42% has advance the smartphone market share in China which will improve the market growth in the forecast period.

  • Europe

In the region, Germany parliaments has make an improvement of Enforcement of Rights on Social Networks, with the objected of combat hate speech and fake news in social networks. According to the European Parliament, the European Commission has projected the cost for the technological adoption such as 5G coverage in the urban area by 2025 will be around USD 569 Billion.

Hence, these innovation and investment by the government in the region may fuel the growth of the market in the forecast period.

Global Server Storage Area Network (SAN) Market: Key Players Overview

  • Nutanix Inc.:

The company is cloud software company which sells hyper-converged infrastructure (HCI), cloud services, software, and software defined storage. The company has launched a product Nutanix Complete Cluster(TM), which helps to converge server and storage infrastructure for enterprise class virtualization and lead to remove the need for network storage. In 2018, the company has announce the solution OD software defined networking (SDN) for multi-cloud platform.

  • Hewlett Packard Enterprise Development LP:

The company is a multinational company which provide high-end storage platform to enhance the intelligence edge and cloud choice. With the SAN storage the devices can enhance performance and storage utilization rate. The storage networking platform helps to meet customer requirement for the growth, performance and investment protection. Whereas, the company storage networking engages in mainly in primary, secondary and hyperconverged storage solution which enhances the demand and performance.

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Published : 2020-07-17