The [FURL=https://www.industryarc.com/Report/15450/storage-area-network-san-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Global market for Storage Area Network (SAN)[/FURL] 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.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.
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Storage Area Network Market Segment Analysis – By Geography
North America held the highest market share in 2020 at 37%. Market growth is attributed to factors such as technological advances, increased demand for energy-efficient appliances and increased demand for high-speed connectivity in the area. The region also has a well-established infrastructure which allows easy implementation of advanced technologies and provides better connectivity.
Storage Area Network Market Drivers
Technological advancements
Implementation of FCoE
Storage Area Network Market Landscape
Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Storage area network market. As of 2019, the market for Storage area network market is consolidated with the top players including 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 and among others.
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