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  • 21 May 2019 20:39

Storage Area Network (SAN) Solutions Market Insights

Storage area network (SAN) solutions market will show considerable growth and will be driven mainly by the rapid advancement in technologies and business operations during the forecast period.

SANs are used primarily to improve the accessibility of server storage devices, for example floppy arrays or tape libraries, to make devices appear as locally attached devices in the operating system. A SAN generally consists of a devoted network of storage devices which cannot be accessed by any other device via the local area network (LAN), preventing LAN transmission interferences.

The global storage area network (SAN) solutions market size is estimated to grow at CAGR above 4.5 % over the forecast time frame 2019-2026 and reach the market value around USD 24.4 billion 2026. During the forecast period, the world market in storage area network (SAN) solutions will show considerable growth and will be driven mainly by the rapid advancement in technologies and business operations.

The hardware was major segment in 2017 and will dominate the market by the end of 2026. At the end of the forecast period, however, the software segment is anticipated to expand with the highest CAGR. In the near future, the software segment will also have a strong growth, mainly because of lower SAN software solutions costs. The software sector is dominated by the growing use of cloud technology among companies worldwide. The fiber channel (FRC), infiniBand, fiber via Ethernet (FCoE) and iSCSI protocol was segmented based on technology. The technology segment in fiber channels had the main share in the general network solutions market for storage areas in 2016. As for end-use, the market was converted into BFSI, retail & e-commerce, government & education, military & defence, healthcare, IT & telecoms, energy & utilities, manufacturing etc. Healthcare is anticipated to see strong acceptance of SAN solutions on the basis of an increase in demand for file-storage servers, given the growing worldwide health data. In 2018, the IT and telecommunications sector accounted for 20% of the global market for SAN solutions. This is mainly due to increased demand for storage space from companies. Many companies also emphasize the use of data and information-related opportunities in applications like social media, healthcare, transport and others like banking, financial services and insurance, which are expected to complement the growth of SAN solutions.

The key players of the market are Dell Technologies Inc., IBM Corporation, Oracle Corporation, Hitachi Ltd., Huawei Technologies Co., Ltd., NetApp, Inc., NEC Corporation, Hewlett Packard Enterprise, Pure Storage, Inc., Fujitsu Limited, IDG Communications, Inc., DataDirect Networks and Cisco Systems, Inc.

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