Storage Area Network (SAN) Market

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STORAGE AREA NETWORK (SAN) MARKET ANALYSIS

• Storage Area Network (SAN) Market, By Component
  (Software, Hardware and Service (Consulting,
  System Integration and Support Maintenance)),
  By SAN Type (Virtual SAN and Conventional SAN),
  By Technology (FibreChannel (FC), FibreChannel
  Over Ethernet (FCOE), InfiniBand and iSCSI
  Protocol), By End User (SMEs and Large
  Enterprises), By Vertical (BFSI, Retail and
  e-Commerce, IT and Telecommunication, Energy and
  Utility, Government Offices and Education,
  Aerospace and Defense, Healthcare, Manufacturing
  and Others (Transportation and Logistics)) and by
  Region (North America, Latin America, Europe,
  Asia Pacific, Middle East and Africa) - Size,
  Share, Outlook, and Opportunity Analysis, 2020 -
  2027

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Market Overview A storage area network refers to
a high-speed network, which interconnects and
presents a shared band of storage devices to
various servers. SANs are typically helpful in
backup and disaster recovery settings. SANs are
used to enhance the capacity of mass storage
devices such as optical jukeboxes, tape
libraries, and disk arrays that have access to
servers. Increasing volumes of critical data
being accumulated in the global business
environment have led to an increased need for
better performances, manageability, availability,
and security of data storage assets among
enterprises. Furthermore, many enterprises are
focused on implementing specialized storage
networks that can aid businesses in attaining
operational efficiencies. The global Storage
Area Network (SAN) Market was accounted for US
17,823.4 Mn in terms of value in 2019 and is
expected to grow at CAGR of 3.5 for the period
2020-2027.
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• Market Dynamics- Drivers
• Rising demand for efficient backup operations is
  expected to drive growth of the global storage
  area network (SAN) market during the forecast
  period
• Previously, in a conventional approach, LAN was
  used for data back-up and restore functions that
  are particularly slow and majorly impact
  efficiency of the whole operation. On the
  contrary, in SAN approach, data moves smoothly
  across the SAN to tape devices as it does not
  utilize critical server I/O or CPU resources.
  Several issues can be improved with the
  integration of high-performance backup and
  restore capabilities with data availability and
  device sharing. This includes performance
  degradation, extended downtime periods, and
  shrinking backup windows. However, increase in
  the overall server efficiency with server-less
  backup offered by SAN architecture is fueling
  adoption of SAN across various verticals. Thus,
  these factors are expected to drive growth of the
  market in the near future.

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• Growing adoption of SANs among SMEs is expected
  to propel the global storage area network (SAN)
  market growth over the forecast period
• Increasing usage of SANs among small and
  medium-sized enterprises (SMEs) is expected to
  boost the market growth, especially in emerging
  economies. This adoption of SANs among smaller
  organizations is mainly driven by the benefits
  offered by SANs such as flexibility, shared
  storage, and centralized control, in order to
  share capacity between multiple hosts. As a
  result of this, major SAN solution providers are
  constantly focused on products that are easy to
  use and are cost-effective for smaller
  enterprises, which in turn, is expected to boost
  the global storage area network (SAN) market
  growth over the forecast period.
• Statistics
• North America held dominant position in the
  global Storage Area Network (SAN) market in 2019,
  accounting for 36.8 share in terms of value,
  followed by Europe and Asia Pacific, respectively

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Figure 1 Global Storage Area Network (SAN)
Market Share (), in terms of Value, By Region,
2019
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• Market Dynamics- Restraints
• Major challenges associated with interoperability
  are expected to hamper the global storage area
  network (SAN) market growth over the forecast
  period
• Several standards have been developed for
  FibreChannel technology. Different
  interpretations of these standards by vendors
  have resulted in development of products that
  sometimes cannot work together on the same
  network. Such issues related to interoperability
  are impacting growth of the SAN market globally.
  Hence, these factors are expected to hamper the
  global storage area network (SAN) market growth
  over the forecast period.
• Increasing adoption of cloud-based storage
  services in emerging economies is expected to
  restrain growth of the global storage area (SAN)
  market during the forecast period
• Previously, storage and servers were purchased as
  separate IT infrastructure components by various
  groups within the IT department and under
  different parts of the IT budget. However,
  increasing adoption of cloud-based platforms has
  altered the approach. Furthermore, rising
  adoption of virtualization techniques in server
  and storage has provided a massive shift in
  procurement and deployment of data center
  infrastructure. Many enterprises are moving
  towards purchasing individual physical servers
  connected to SANs to modular reference
  architectures, which include every component
  needed to operate various applications. Thus
  these factors are expected to restrain growth of
  the global storage area (SAN) market in the near
  future.

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• Market Opportunities
• Rising penetration of e-commerce websites can
  provide significant growth opportunities
• Growing proliferation of e-commerce websites has
  increased adoption of online channels among
  consumers. These e-Commerce applications are
  highly resource-intensive, owing to the kind of
  requests that are processed simultaneously per
  second. Thousands of customers visit, make orders
  and pay, per second, and all this information is
  needed to be stored in the database for later
  retrieval. SANs are being used to store
  information about high traffic databases, owing
  to high performance and rapid I/O
  characteristics.
• Growing demand for extending remote data
  application capabilities of SANs can offer major
  business opportunities
• Currently, the demand for SANs from enterprises
  with remote data replication capabilities
  extended beyond campus environments and the
  limited distance ranges of SCSI has been
  witnessing a significant increase. This trend is
  supported by development of advanced technologies
  such as SONET (Synchronous Optical Networking)
  and ATM (Asynchronous Transfer Mode). For
  instance, SONET offers a 50- millisecond recovery
  time, along with extremely high resiliency,
  making it a preferred choice over other transport
  technologies including FibreChannel.

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Figure 2 Global Storage Area Network (SAN)
Market Value (US Mn), 2017 - 2027
The global Storage Area Network (SAN) market was
valued at US 17,823.4 Mn in 2019 and is forecast
to reach a value of US 23,471.8 Mn by 2027 at
a CAGR of 3.5 between 2020 and 2027.
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• Market Trends
• North America Trend
• After several years of fiscal gloom, optimism is
  returning to the IT sector in North America. IT
  enterprises are intensifying spending on services
  along with hiring new workforce. IT enterprises
  are preparing to speed ahead rapidly with
  projects in potential areas of big data, mobile,
  and the cloud. In March 2015, the U.S. government
  offered to augment its IT investment for the
  third year in a row. Moreover, the U.S.
  Government is investing significantly in shared
  services and cloud services for IT requirements,
  hence total expenditure on in-house IT solutions
  to result in comparatively lower growth.
• Latin America Trends
• A number of companies in Latin America are
  focused on cost reduction and converting capital
  expenditure into operational expenditure. Growing
  adoption of outsourcing concepts is expected to
  offer major growth opportunities for IT
  infrastructure outsourcing services in the
  region. Frequent introduction of new concepts in
  the IT sector such as big data, cloud computing,
  and bring your own device (BYOD) has made it
  challenging and complex for companies to manage
  their own data.  Hence, these companies are
  dependent upon IT infrastructure outsourcing
  service providers to streamline tasks related to
  data storage and management.

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• Segment information
• In global Storage Area Network (SAN) Market, by
  End-User, Large Enterprises sub-segment dominated
  the global market in 2019, accounting for 79.3
  share in terms of value, followed by SMEs.
• Competitive Section
• Key players involved in the global storage area
  network (SAN) market are IBM Corporation, Brocade
  Communications Systems, Inc., Dell Inc., QLogic
  Corporation, Citrix Systems, Inc., Hitachi Data
  Systems, NetApp, Inc., Hewlett-Packard Company,
  DataCore Software, NEC Corporation, Nutanix, and
  Cisco Systems, Inc.
• Key Developments
• Major companies are focused on mergers and
  acquisitions, in order to gain a competitive edge
  in the market. For instance, in Brocade
  Communications Systems, Inc., a U.S.-based
  provider of semiconductor devices, Brocade
  Communication System Inc., a data storage
  company.
• Key players in the market are involved in product
  launches, in order to expand product portfolio.
  For instance, in January 2017, Hitachi Data
  Systems introduced its next-generation line-up
  storage system Hitachi Adaptable Modular Storage
  (AMS) 2000 Series.

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