Storage Area Network (SAN) Market Overview: Key Players and Regional Analysis

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The global Storage Area Network (SAN) market is expected to showcase stable growth opportunities by exhibiting a CAGR of around 3.7% over the assessment period from 2023 to 2033.

The United States is likely to account for a prodigious CAGR of 9.6%, with a worth of US$ 1.7 billion by 2033, according to Future Market Insights, Inc. The USA is anticipated to dominate the North American market with a substantial value share in terms of consumption over the forecast period.

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The need to store massive amounts of data among enterprises is on the rise for better performance, availability, manageability, and security of data storage assets has increased over the years. Thus, several market players are increasingly integrating advanced technologies in SAN solutions such as Fiber Channel (FC) SAN, Fiber Channel over Ethernet (FCoE) SAN, InfiniBand SAN, and iSCSI Protocol SAN.

Both hyperscale server SAN and enterprise server SAN are utilized to improve the capacity of mass storage devices (tape libraries, optical jukeboxes, and disk arrays) that have access to servers. The growth of the market is attributed to the surging IT spending in emerging economies and increasing demand for efficient data backup and storage operations.

Recent Developments in the Storage Area Network (SAN) Market:

  1. In December 2019, DataCore Software Corporation introduced vFiIO which uses software-defined storage technology to enable data to be stored, organized, and managed not only independently of the underlying hardware, but also independently of the access method.
  2. The next mid-range storage update is Midrange. next, was presented by Dell EMC in June 2019. The Dell mid-range storage line will be replaced by Midrange. next, which will include the Unity platform, the Dell EMC SC series, and the EqualLogic devices. The most recent architecture is said to be a brand-new design intended to include the greatest aspects of currently available storage technology.
  3. New technologies and services from NetApp were released in June 2019 and allow customers to deploy and utilize the cloud following their terms and conditions. With this announcement, NetApp provides a hybrid multi-cloud experience that includes the debut of NetApp cloud storage services on NetApp HCI.

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