The ethernet storage fabric market size has grown rapidly in recent years, increasing from $1.84 billion in 2023 to $2.08 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. This growth can be attributed to the increased demand for high-speed data transfer, growth in the remote workforce, rise in data center consolidation initiatives, focus on data security, and increased use of cloud services. The market is expected to continue its rapid growth, reaching $3.49 billion by 2028 at a CAGR of 13.8%. Future growth is driven by increasing data volumes, rising demand for AI, emphasis on data security, growing green initiatives, and rising need for enterprise mobility. Key trends for the forecast period include technological advancements, implementation of AI, hybrid cloud storage solutions, virtualization technology, and the adoption of cloud-based services.
Global Ethernet Storage Fabric Market Key Driver
The increasing adoption of cloud computing is expected to boost the growth of the ethernet storage fabric market. Cloud computing provides on-demand access to a shared pool of computing resources, such as servers, storage, and databases, over the internet, transforming business operations by enhancing innovation, reducing costs, and improving efficiency. Ethernet storage fabric supports cloud computing by offering efficient, scalable storage networking solutions for modern cloud applications and infrastructure. In December 2023, Eurostat reported that around 45.2% of enterprises in the European Union procured cloud computing services, a 4% increase from 2021. This growing adoption of cloud computing is driving the growth of the ethernet storage fabric market.
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Global Ethernet Storage Fabric Market Segments
The ethernet storage fabric market covered in this report is segmented –
1) By Device: Switches, Controllers, Adapters
2) By Switching Port: 10 GbE to 25 GbE, 40 GbE to 50 GbE, 100 GbE And Above
3) By Storage Type: Block Storage, Hyper-Converged Infrastructure, File Storage, Object Storage
4) By Application: Telecommunications, Aerospace, Manufacturing And Processing, Oil And Gas, Government, Power And Utilities, Mining, Other Applications
By Geography:The regions covered in the ethernet storage fabric market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the ethernet storage fabric market in 2023.
Major Ethernet Storage Fabric Industry Players
Dell Technologies Inc., Huawei Technologies Co. Ltd., Lenovo Group Limited, Intel Corporation, Cisco Systems Inc., Broadcom Inc., Fujitsu Limited, Micron Technology Inc., Hewlett Packard Enterprise Company, NVIDIA Corporation, Western Digital Corporation, Microchip Technology Inc., NetApp Inc., Juniper Networks Inc., Marvell Technology Group Ltd., Fortinet Inc., Arista Networks Inc., Hitachi Vantara LLC, Nutanix Inc., Extreme Networks Inc., Edgecore Networks Corporation, D-Link Corporation, Kaminario Technologies Ltd., Liqid Inc.
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Ethernet Storage Fabric Market Overview
An ethernet storage fabric (ESF) is a high-performance, scalable network infrastructure that connects storage systems using ethernet technology. It leverages the ethernet protocol to provide a unified, efficient, and cost-effective way to interconnect storage devices, servers, and networks, enabling data storage and transfer at high speeds.
Ethernet Storage Fabric Global Market Report 2023 provides data on the global ethernet storage fabric market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The ethernet storage fabric market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
