Storage Area Network Market - Forecast(2021 - 2026)

 

Storage Area Network Market Overview

The Global market for Storage Area Network (SAN) is forecast to reach $17.9 billion by 2026, growing at a CAGR of 2.5% from 2021 to 2026. The market growth is attributed to the factors such as growing deployment of cloud-based Direct-Attached Storage (DAS) system, rising growth of advanced technologies such as IoT, AI and many others along with providing increased work productivity across different industries. Moreover, growing investments from various sectors towards infrastructure development are also booming the market growth. 

One of the major factors of using storage area network is centralized backup. In centralized backup servers, user have backup in the main server and will be able to view stored data on local disks. Few additional features of this Network-Attached Storage (NAS) are storage virtualization, clustered file system and dynamic failover protection. Moreover, easy availability and increase in I/O performance with increase in number of interconnected devices make server service area network an efficient system. 

Globally advancement of technology and business operations, and low upgradation cost are the prime growth drivers of storage area network market. However, deployment issues owing to complicated integration is a key restraint for storage area network market.

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Report Coverage

The report: “Storage area network market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Storage area network market.

By Solution Type: Hardware and Software.

By Service Type: Integration Service, Consulting Services, Training, Support services.

By Type: Hyper scale, Enterprise.

By Organisation Size: Small, Medium and Large enterprises.

By Technology: Fiber Channel (FC), Fiber Channel Over Ethernet (FCoE), InfiniBand, iSCSI Protocol, others.

By End users: BFSI, IT & Telecom, Energy & Utility, Government, Military & Defence, Healthcare, Manufacturing, Retail & e-Commerce, Others.

By Geography: North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, South korea, Australia and Others), South America (Brazil, Argentina and others), and ROW (Middle East and Africa).

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Key Takeaways

• With large industries facing problems for storing their massive amounts of data, deployments on data centres can help them majorly in successfully managing sensitive company information systematically.
• North American region dominated the global Storage area network market in 2020 owing to the presence of advanced technologies, large number of manufacturers and the increasing business demands for Storage area network.

Storage Area Network Market, By Region, 2020

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Storage Area Network Market Segment Analysis – By Technology type

Storage area network market is segmented into Fibre Channel (FC), Fibre Channel over Ethernet (FCoE), InfiniBand, iSCSI Protocol, others on the basis of technology. The market of Fibre Channel over Ethernet (FCoE) is anticipated to hold the highest market growth during the forecast period 2021-2026 at 4.4% CAGR. FCoE makes an adaptive strategy to I / O consolidation by retaining all Fibre Channel constructions, keeping the bandwidth, protection and traffic control characteristics of Fibre Channel while keeping investments in Fibre Channel resources, training and SANs. 

Centred on a lossless, secure Ethernet, FCoE networks integrate LAN and multiple storage protocols over a converging network. FCoE thus greatly decreases the number of I / O adapters, connectors and switches in the data centre when configured as an access layer integration solution.

Storage Area Network Market Segment Analysis – By Organisation size

Large enterprises is anticipated to witness the significant market growth during the forecast period 2021-2026 at 3.5% CAGR. The market growth is owing to the benefits that users deploy including faster backups, improved scalability, clustered file storage increased data security and others. Local Area Network-based network attached storage networks are often subject to bandwidth limitations, which minimise efficiency and increase the time it takes to complete basic tasks and transfers. If the SAN takes away a significant portion of your network traffic, the burden on your Local Area Network's bandwidth decreases. 

Data security is of utmost importance to any company. With SAN, data security algorithms remain reliable, meaning users have access to correct copies of any data whenever possible. SAN has all the right functionality to be the ideal option for data centres. There are several good arguments to use SAN instead of other alternative storage options in a data centre. It is reliable, fail-safe, fast, and even requires less power to run. So, that will be a fantastic complement to the major data centres of the organisations. The clusters are working with SAN, and the master application operates at the same time as workload juggling. This configuration is usually used for business-critical applications such as banking systems that generate lucrative opportunities for existing players in the storage area network market.

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