March 31, 2020

Storage Area Network (SAN) Solutions Market outlook 2019 shows growth drivers, opportunities and forecast analysis to 2027

The global market for Storage Area Network (SAN) solutions was set to reach a market value of US$ 25.8 billion in 2027 and is expected to have a significant CAGR of 8.7 percent over the forecast period from 2019 to 2027.

Storage Area Network (SAN) refers to a specialized high level? Speed network of storage devices and switches connected to computer systems. A huge amount of data generated by businesses, making storage a strategic investment priority for organizations of all sizes. Organizations are looking for a number of ways to manage a significant increase in the volume of data and make that data available across the enterprise. This need for organizations is driving the transfer of storage to the network. Similarly, the increasing complexity of management due to a large number of storage devices and a large amount of data paves the way for an increase in business operating costs. SAN enables data transfer via storage devices, data sharing across multiple servers, and back-up and restore data efficiently and quickly. SAN offers several advantages compared to the traditional network system, such as flexibility in management, availability, efficiency and enhanced security, among others.

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Global Storage Area Network (SAN) solutions market is segmented by component, service, server type, technology and industrial vertical. The software segment is expected to emerge as the fastest-growing segment in the forecast period. The software component plays a vital role in the successful deployment of the network storage area. Several of the technologies and features provided by SAN are embedded in the software. From volume management to server-less backup, software plays a vital role in the overall real-time SAN application. Many organizations offer a wide range of software products and solutions that are specifically designed to enhance the performance, data availability and manageability of SANs. North America was the largest market for Storage Area Network (SAN) solutions in 2018, mainly due to the early adoption of networking technology across various industrial verticals. However, Asia Pacific has begun to catch up at a significant pace in the SAN solutions market.

Major players in the market for Storage Area Network (SAN) solutions include Hewlett-Packard Development Company, L.P., Datacore Software, EMC Corporation, NexentaStor, SimpliVity, Nutanix, Scale Computing, Citrix Systems, Inc., Hitachi Data Systems Federal, Inc. and StorMagic, among others. Solution providers of the Storage Area Network (SAN) are adopting several strategies to thrive in a fragmented market environment. These key players aim at partnerships and acquisitions, as well as distinguishing their product offerings through unique and clear value proposals to maintain their market position. For example, in June 2017, Hitachi Data Systems Federal, Inc. announced an agreement with Brocade Communication Systems, Inc. With the benefit of this agreement, Hitachi Data Systems Federal, Inc. is expected to acquire contracts and assets for the maintenance of the Storage Area Network service.

Key questions answered in this report

  • What was the market size of Storage Area Network (SAN) in 2018 and forecast up to 2027?
  • Which is largest regional market for Storage Area Network (SAN)?
  • What are the key market trends observed in the Storage Area Network (SAN) market?
  • Which are the most promising component type, services type, server type, technology and industrial vertical Storage Area Network (SAN) market?
  • Who are the key players leading the market?
  • What are the key strategies adopted by the leading players in market?
  • What are the key end-use industrial vertical trends across different geographies and sub-geographies?

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