ID: MRFR/ICT/4399-HCR | 100 Pages | Published By Shubham Munde on April 2023
The server storage area network market is expected to exhibit a significant CAGR of 37.8% with the size of USD 63.79 Billion during the forecast period.
In 2022, the server storage area network market value is witnessed as USD 16 Billion and is expected to exhibit a significant CAGR of 37.8% along with the global server storage area network market size of USD 63.79 Billion during the forecast period 2022-2030.
A server storage area network is a high-speed network that provides a fundamental level of network access to storage that consists of networking equipment like switches, routers, and storage devices. Using network topologies and different protocols, this networking equipment is connected to each other which is used at multiple sites. The storage area network is used to improve the availability of the application and also improves the data paths. These are highly used for backup and disaster recovery settings.
These are also used for enhancing the capacity of mass storage devices like optical jukeboxes, tape libraries, and disk arrays which are access to servers. Moreover, it improves the application performance like load balancing and network segregation. It also boosts the effectiveness and storage utilization of storage. This server SAN uses the concept of combinational computations and removes the additional requirement of separate space for storage. This server SAN multi-protocol storage makes use of both spinning disk and flash storage.
The COVID-19 outbreak has drastically affected almost all industries globally. To curb the spread of the virus, most countries imposed lockdowns and a few stringent rules and restrictions. The lockdown and restrictions on the movement of non-essential goods and resources in several countries have disrupted the supply chain of electronic components & networking equipment. This leads to a delay in the production of equipment. In the first half of 2020, the server storage area network business has slowed down due to ICT spending in major economies. Rising investment in digital infrastructure may increase market growth.
To avoid the spread of the virus, most of the companies started the work from the home process. During the COVID-19, various technologies like collaboration tools, work-from-home infrastructure, VPN networking, virtualization infrastructure, mobile devices security, desktop k support, and Zoom are accelerated. Moreover, video conferencing solution is also increased during the crisis. This leads to an increase in the usage of computers and generates a large amount of data that requires high-end technologies to analyze. Thus, the server storage area network profits from the pandemic.
The growing number of data centers, highly scalable storage, and reduced operational cost are the few factors driving the server storage area network market growth. The rise in the requirement for improved data storage, cost reduction of additional data center infrastructure, improved data access, and storage management are escalating the growth of the market.
Lack of awareness among the small and medium enterprises regarding the benefits of the server storage area network is the major restraining factor of the market growth.
Excellent performance, high availability, and reduces cost for additional storage requirements are the major advantages of this server SAN network which may boost the growth of the market.
Lack of skilled expertise to perform the operations of server storage area network systems is the major challenge of the market growth.
The global server storage area network market has been divided into five segments based on type, component, services, organization, and region.
The server storage area network-based types are bifurcated into hyperscale server storage area networks and enterprise server storage area networks.
By component, the SSAN market is bifurcated into hardware and software. Further, the software is sub-segmented into application software and platform software.
By services, the server storage area network segments into two types as professional service and managed service. Further, the professional service is sub-segmented into three types as integration & deployment service, consulting service, and support & maintenance service.
The server storage area network based on the organization is classified into small and medium enterprise and large enterprise. Out of these segments, the large enterprises is holding the largest market share.
Region-wise, the global server storage area network (SSAN) market is divided into four main geographies such as North America, Europe, Asia-Pacific, and the Rest of the World. Out of these regions, North America is leading the highest market share due to the presence of a higher concentration of service companies that offers server storage and solutions for small and large enterprises.
Geographically, the server storage area network market analysis is categorized into four major regions like Asia-Pacific, North America, Europe, and the Rest of the World. Out of these regions, North America is dominating the largest market share due to the presence of a higher concentration of service enterprises offering server storage and solutions for small and large enterprises. Higher adoption of data centers for improved data storage management is one of the major factors driving the growth of the global market. Owing to the early adoption of this technology, North America experiences a higher market share in this network market.
The server storage area network act as a base for security against data loss, because this network is a high-speed network providing a basic level of network access storage. By the growing demand for data centers in regions like Asia-Pacific, the Middle East & Africa, most of the companies are introducing advanced technologies in their services and solutions. More than 70% of overall market players are competing in the North American region.
The prominent key players in the server storage area network market outlook are the following:
This global server storage area network market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the server storage area network market drivers, restraints, challenges, and opportunities. The server storage area network market forecast segments into five forms as type, component, services, organization, and region.
|Market Size||USD 63.79 Billion|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Component, by Services, by Type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Hewlett-Packard Development Company, L.P. (U.S.), Dell EMC (U.S.), DataCore Software (U.S.), Nutanix (U.S.), Citrix Systems, Inc (U.S.), Hitachi, Ltd (Japan), Scale Computing (U.S.), StorMagic Ltd. (U.K)|
|Key Market Opportunities||One of the major advantages of server storage area network is the high availability, efficient performance and cost savings on additional storage requirement.|
|Key Market Drivers||One of the major factors contributing to the growth of server storage area network is the higher adoption of data centers for improved data storage management.|
The market is slated to expand at a rate of 37.8% during the review period.
As per MRFR’s estimation, the market size by the year 2030 can be USD 63.79 Billion.
SwiftStack Inc (U.S.), DataCore Software (U.S.), Nutanix (U.S.), Citrix Systems, Inc (U.S.), Hitachi, Ltd (Japan), Hewlett-Packard Development Company, L.P. (U.S.), Pluribus Networks (U.S.), The Siemon Company (U.S.), A10 Networks, Inc. (U.S.), Scale Computing (U.S.), Big Switch Networks, Inc (U.S.), StorMagic Ltd. (U.K), Dell EMC (U.S.), Red Hat, Inc (U.S.), Cisco Systems, Inc (U.S.), Veeam Software (Switzerland), Cambium Networks, Ltd (U.S.), CloudGenix Inc (U.S.), Barefoot Networks (U.S.), ExtraHop Networks (U.S.), Cumulus Networks (U.S.), Teridion (U.S.), Docker, Inc. (U.S.), are the top companies recognized by MRFR in its latest report.
Efficient performance, cost savings and high availability are the top advantages of using server storage area network.
The major types are hyperscale server storage area network as well as enterprise server storage area network