Server Storage Area Network Market Overview
The global Server Storage Area Network Market Report is predicted to touch USD 63.79 Billion by 2030, as per the updated report by Market Research Future (MRFR). Server storage area networks (SAN) are a network of storage devices that increase the utilization and efficacy of storage. The report on server storage area network market by MRFR covers latest trends and niches in storage in the background of the COVID-19 pandemic. Drivers, opportunities, and challenges are outlined to provide a clear picture of the industry.
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Server Storage Area Network Market Scope
The global server storage area network market is driven by the huge demand by organizations to save on storage space while obtaining higher performance. Deployment of cloud-based services is expected to bode well for the market as more organizations shift towards the technology. Virtualization of hardware and data can accelerate the trend as well. Rising use of technologies such as AI, IoT, and others for increasing productivity and providing backup can lead to high demand in the market.
Organizations with data replication capabilities are driving the demand for server SANs due to remote working policies. Development of asynchronous transfer mode (ATM) and synchronous optical networking (SONET) with high resiliency and low recovery period can drive the market growth.
COVID-19 Impact
The COVID-19 pandemic has heightened the demand in the server storage area network market owing to remote work policies enacted by companies. Centralized server access to company documents coupled with privileged access to data can drive the market demand significantly.
Server Storage Area Network Market Segmentation
On the basis of the component, the market is segmented into hardware and software. The software is further segmented into application software, and platform software. The hardware segment is bound to capture a significant market share owing to standards adhered by companies and interoperability of devices.
On the basis of services, the market is segmented into professional service and managed service. The professional services segment is bound to garner heavy demand owing to presence of organizations of various sizes and shift to virtualization to save on operational costs.
On the basis of type, the market is segmented into hyperscale server storage area network and enterprise server storage area network. The hyperscale server storage area network segment is set to attain a huge market share owing to presence of hyperscale storage providers and commodity components assembled in racks.
On the basis of organization, the market is segmented into the small and medium enterprise and large enterprise. Large enterprises are expected to be the biggest end-user of the server storage area network market owing to demand for increased data security and reliability of SAN.
Regional Analysis
North America is expected to lead the server storage area network market owing to adoption of data centers and presence of prominent SAN solution providers. Increase in I/O performance and advances in business operations can drive regional market growth.
Competitive Analysis
Citrix Systems, Inc, Scale Computing, Hewlett-Packard Development Company, L.P., StorMagic Ltd., Nutanix, DataCore Software, Dell EMC, and Hitachi, Ltd are key players in the global server storage area network market. Investments in research and development and mergers and acquisitions are prime strategies pursued by companies looking to expand their reach.
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Industry News
Amazon Web Services is planning to launch Amazon EBS io2 Block Express, a cloud-based storage area network for servers. It aims to assist enterprises in storing and accessing data with minimum latency.
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