The global SAN market is valued at US$14,921 million in 2014. The demand for SAN is expected to grow at a CAGR of 4.0% during the period 2014-2021. Japanese storage area network (SAN) market size is expected to grow approximately 1.6x by 2029. SAN sales in the United States are expected to grow by 1.2x by 2029
NEWARK, Del, Oct. 19, 2022 (GLOBE NEWSWIRE) — According to the latest industry analysis from Future Market Insights, the global storage area network (SAN) market is expected to present stable growth opportunities by posting a CAGR of approximately 3.9% over the valuation period from 2022 to 2029. The global market reached a valuation of US$19,576 million in 2021 and has further expanded to a valuation of US$26,867 million from by 2029. The SAN market is expected to represent around 7% of the global next-generation data storage market. According to historical estimates, the global SAN market was valued at US$14,921 million in 2014. The demand for SAN is expected to grow at a CAGR of 4.0% during the period 2014-2021.
The need to store massive amounts of data between businesses is increasing to improve the performance, availability, manageability and security of data storage assets has increased over the years. Thus, several market players are increasingly integrating advanced technologies in SAN solutions such as Fiber Channel (FC) SAN, Fiber Channel over Ethernet (FCoE) SAN, InfiniBand SAN and iSCSI protocol SAN.
Hyperscale Server SAN and Enterprise Server SAN are used to improve the capacity of mass storage devices (tape libraries, optical jukeboxes, and disk arrays) that access servers. The growth of the market is attributed to rising IT spending in emerging economies and increasing demand for efficient backup and data storage operations.
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Key points to remember
The introduction and adoption of hybrid SAN-NAS solutions is one of the reasons attributed to the growing trend in the global SAN market. Hybrid solutions allow enterprises to merge block-based and file-based data on a common array. Unified storage systems support file, as well as block-based protocols such as FC and NFS, and HDD and flash storage drives.
Compared to individual implementations, the architecture of unified storage systems is known to be more complex and should be simplified in the future to effectively meet growing business demands. Thanks to these developments, a significant reduction in the dependence of enterprises on a single architecture is visible for their dynamic needs.
Traditional means of data storage associated with critical information are known to be inefficient for today’s needs and rapid access to massive amounts of data is a major challenge in this scenario. Traditional SCSI (Small Computer Systems Interface) technology uses parallel cabling, which reduces speed and distance and limits the number of attached storage devices.
Computing environments are changing dramatically from server-centric to data-centric models, making it increasingly complex to efficiently access shared data resources. Such prolific and impressive growth in information that needs to be stored, managed, maintained, and retrieved has forced IT decision makers to make storage decisions separate from server decisions. This in turn is driving the growth of the storage networking market.
Several key SAN market players are focusing on massive investments in innovation, research and development practices to offer different solutions for several industrial applications. To expand their presence, the dominant players in the market are implementing various strategies such as partnerships, collaborations as well as acquisitions that result in an enlargement of the customer base.
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More information on the Storage Area Network (SAN) Market
Japan is expected to remain one of the most lucrative SAN markets in APAC regions as the global market is expected to grow approximately 1.6 times by 2029. The Japanese market is expected to create an absolute dollar opportunity of 188.3 million US dollars over the period 2022-29. .
India is another market that is expected to present lucrative growth opportunities in the SAN market with a robust CAGR of 6.6% throughout the assessment period from 2022 to 2029. The Indian market is expected to create an opportunity in absolute dollars of US$534.0 million in 2022. -29.
SAN market revenue in the United States is expected to grow at an impressive CAGR of around 2.9% from 2021 to 2029 and its sales are expected to reach around 1.2x by 2029.
SAN Market Outlook by Category
Support & Maintenance
By SAN type:
Hyperscale SAN Server
enterprise server SAN
IT & Telecom
Energy and Utilities
Military & Defense
Retail and e-commerce
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1.1. Global Market Outlook
1.2. IMF analysis
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Global Storage Area Network (SAN) Market Demand Analysis 2014-2021 and Forecast, 2022-2029
3.1. Historical Market Size Analysis (USD Million), 2014-2021
3.2. Current and Future Market Size Projections (USD Million), 2022-2029
3.3. Analysis of annual growth trends
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