The Storage Area Network (SAN) Market is Predict to reach USD 45.2 Billion by 2031, at a CAGR of 10.5%

Storage Area Network (SAN) Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Storage Area Network (SAN) Market size is expected to reach $45.2 billion by 2031, rising at a market growth of 10.5% CAGR during the forecast period.

The Hyperscale Server SAN segment is leading the Global Storage Area Network (SAN) Market by Type in 2023; thereby, achieving a market value of $28.8 billion by 2031. Hyper scale server SANs deliver high-performance storage capabilities by harnessing multiple servers’ combined computing power and storage bandwidth. By aggregating storage resources and leveraging parallel processing techniques, hyper-scale server SANs can achieve high throughput, low latency, and efficient data access for demanding applications, databases, and analytics workloads.

The Software segment is anticipating a CAGR of 11% during (2024 - 2031). SAN software solutions offer automation and orchestration capabilities that streamline storage provisioning, configuration, and management tasks. Organizations can automate routine storage operations through policy-based automation, such as provisioning LUNs, allocating storage resources, and optimizing storage performance. SAN software also supports orchestration frameworks.

The Fiber Channel (FC) segment dominated the Global Storage Area Network (SAN) Market by Technology in 2023; thereby, achieving a market value of $17.5 billion by 2031. Fiber channel technology provides high-speed, low-latency storage connectivity, making it ideal for demanding applications and workloads that require fast data access and transfer rates. As organizations increasingly adopt data-intensive applications such as databases, analytics, and virtualization.

The IT & Telecom segment is registering a CAGR of 10.2% during (2024 - 2031). The IT & telecom segment generates and processes vast amounts of data due to the proliferation of digital services, communication networks, and IoT devices. SAN solutions provide scalable and high-performance storage infrastructure to handle the data-intensive operations of IT & telecom companies, including data storage, processing, analytics, and content delivery.

Full Report: https://www.kbvresearch.com/storage-area-network-market/

The North America region dominated the Global Storage Area Network (SAN) Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $15.8 billion by 2031. The Europe region is experiencing a CAGR of 10.1% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 11.3% during (2024 - 2031).

List of Key Companies Profiled

• IBM Corporation
• NEC Corporation
• Hewlett Packard Enterprise Company
• Dell Technologies, Inc.
• Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
• Cisco Systems, Inc.
• Fujitsu Limited
• Lenovo Group Limited
• Oracle Corporation
• Citrix Systems, Inc. (Cloud Software Group, Inc.)

Storage Area Network (SAN) Market Report Segmentation

By Type

• Hyperscale Server SAN
• Enterprise Server SAN

By Component

• Hardware
• Software
• Services

By Technology

• Fiber Channel (FC)
• Fiber Channel over Ethernet (FCoE)
• InfiniBand
• iSCSI Protocol

By Vertical

• BFSI
• IT & Telecom
• Government
• E-commerce
• Energy & Utility
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Storage Area Network (SAN) Market Size 2031

• May-2024
• 142 Pages

LAMEA Storage Area Network (SAN) Market Size & Share 2031

• May-2024
• 156 Pages

Europe Storage Area Network (SAN) Market Size, Growth 2031

• May-2024
• 157 Pages

Asia Pacific Storage Area Network (SAN) Market Size | 2031

• May-2024
• 159 Pages