Server Storage Area Network Market is estimated to grow at a CAGR of 14.86% during the forecast period 2024-2032

Pune, India, April 17, 2018, MRFR Press Release/- Market Research Future published a half cooked research report on global server storage area network market.

Market Highlights

The Server Storage Area Network market size is projected to grow from USD 8.5436 billion in 2024 to USD 80.6 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.86% during the forecast period (2024 - 2032). 

A high speed customized network that provides an essential level of network access to storage is server SAN. This is largely covered by networking equipment like routers, switches, and storage devices. The market for server storage area network is expected to experience a high growth rate due to growing need for storage in data centers, and cloud servers. One of the major factors contributing to the growth of this market is the advantage of server storage area network is the high availability, efficient performance and cost savings on additional storage requirement

Key players

Some of the major players in global Server Storage Area Network market include 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), among others

Other vendors include The Siemon Company (U.S.), A10 Networks, Inc. (U.S.), Barefoot Networks (U.S.), Big Switch Networks, Inc (U.S.), Cambium Networks, Ltd (U.S.), CloudGenix Inc (U.S.), Red Hat, Inc (U.S.), Cisco Systems, Inc (U.S.), Veeam Software (Switzerland), Teridion (U.S.), SwiftStack Inc (U.S.), Pluribus Networks (U.S.), ExtraHop Networks (U.S.), Docker, Inc. (U.S.), Cumulus Networks (U.S.), among others.

Regional Analysis

On the basis of geography, the market is studied for North America, Europe, Asia Pacific and rest of the world. Among all the regions, the market is dominated by North America due to the higher adoption rate of technology and a rich concentration of vendors providing services and solutions for server storage area network for different applications. The United States is responsible for a major portion of the market growth, is due to early adoption of newer technology. The region holds more than 70% of the prominent service providers in this market. These vendors comprise a large market for service and solutions providers. One of the major factors contributing to the growth of server storage area network is higher adoption of data centers for improved data storage management.

On the other hand, Asia Pacific is expected to show the highest growth considering developments in storage area network market and adoption of emerging networking technologies. Many companies in Asia Pacific are expanding their product portfolio by shifting their business onto the cloud. This transition has created additional requirements of server storage area networks.