Global Server Storage Area Network Market Demand Driven by Cloud Servers
The global Server Storage Area Network Market size is predicted to touch USD 59 billion by 2023, 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.
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.
Click Here to Get Sample Premium Report @ https://www.marketresearchfuture.com/sample_request/5855
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.
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.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/server-storage-area-network-market-5855
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.
Related Reports:
- By 2030, The Web Hosting Services Market will record 16.31% growth | Market share is expected to be $288.29 billion
- Edge Computing Market Is Anticipated Growing USD 168.59 Billion at a CAGR of 24.51% CAGR By 2030 - Report By Market Research Future (MRFR)
- Hardware Wallet Market is expanding at 25.6% CAGR by 2028 Rise in Security Concerns among the Online Wallets
- Operational Analytics Market Worldwide Impressive Growth Rate and Threshold 2027 | COVID-19 Effects
- By 2030, E-Wallet Market Share to See 23.40% Growth | Market is Expected to Reach $489.3 billion
About Market Research Future (MRFR):
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
