Growing Demand for massive data management technology is fuelling the growth of Storage Area Network Market

2018-04-24 15:36:37

According to a new report published by Reports Monitor titled, “Global Storage Area Network Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Storage Area Network Market is rapidly growing from 2017 to 2025.

Storage Area Network (SAN) is a dedicated network which connects the server and clients to shared pool of storage. The pool consists of servers, external storage devices, hubs and switches, and network and storage management tools. SAN allows lower cost ownership through centralized management.

The properties such as scalability, reduced bandwidth usage and prevention of single point of failure are the major factors driving the market growth. However, complexity involved in the deployment and low awareness is hampering the market growth. Besides, increasing need of massive data management technology is anticipated to generate lucrative market opportunities. 

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The Storage Area Network market report has been categorized in three sections, the first section entitled as market overview offers a holistic view of the market, coupled with its key trends, drivers, restraints and opportunities. Our analyst implements, several qualitative tools such as SWOT analysis, Porter’s five force analysis among other to interpret and represent key industry findings. The second section provides estimated market size and forecast for key market segments and regional market. The final part includes the study of competitors operating in the market, which includes their mergers/acquisitions, new product development and their financial overview.

The storage area network market is majorly segmented on the basis of solution, service and end user. Based on solution, market is bifurcated into: software and hardware, while on the basis of service market is segmented into: system integration and professional service. Based on the end-use, market is segmented into: small and medium sized enterprise and large enterprises. 

Global Storage Area Network market is analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Presence of prominent companies in server storage and solution is the major factor influencing the growth of North America, while expansion of IT and telecom sector in China, India and others are propelling the market growth in Asia Pacific.

The major key vendors operating market are: Hewlett-Packard Development Company, L.P., Dell EMC, DataCore Software, Nutanix, Citrix Systems Inc, Hitachi Ltd , Scale Computing, StorMagic Ltd and Red Hat Inc.

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