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Global Storage Area Network Drivers 2025, Forecast To 2034

25 Mar, 2025

What Has Been the Progress and Growth of the Storage Area Network Market in Recent Years?

The storage area network market has seen considerable growth due to a variety of factors.
• The storage area network market has seen rapid growth in recent years. It will grow from $25.08 billion in 2024 to $28.67 billion in 2025, reflecting a CAGR of 14.3%.
This expansion is due to growing regulatory requirements, cost reductions in storage hardware, the increasing need for high-performance and availability, disaster recovery needs, data center consolidation, and the rise of server virtualization.

What Is The Expected Growth In The Storage Area Network Market Size Evolve over the Forecast Period?

The storage area network market is expected to maintain its strong growth trajectory in upcoming years.
• The storage area network market is expected to grow to $48.29 billion by 2029, with a CAGR of 13.9%.
Growth is driven by the rise of big data and analytics, hybrid and multi-cloud environments, rising cybersecurity threats, advancements in storage technologies, and digital transformation initiatives. Trends include hyper-converged infrastructure adoption, edge computing, SDS, hybrid and multi-cloud integration, energy efficiency, and automation.

What Main Forces Are Fueling Expansion In The Storage Area Network Market?

The escalating use of cloud computing is predicted to drive the expansion of the storage area network market in the future. Essentially, cloud computing provides computing service through the internet, offering storage, processing power, and applications on a pay-as-you-use model. The increased uptake of cloud-based solutions can be attributed to their scalability, affordability, and their ability to facilitate remote working and digital change. Cloud computing amplifies storage area network (SAN) capacity by providing scalable, on-demand storage solutions over the web, enhancing storage efficiency and adaptability whilst minimizing infrastructure expenditure and management complexity. For example, in December 2023, Eurostat, a Luxembourgish intergovernmental entity, reported that 45.2% of firms in the European Union purchased cloud computing services mainly for email system hosting, electronic file storage, and executing various operations. Compared to 2021, acquisitions of cloud computing solutions among the EU companies grew by 4% in 2023. Consequently, this rising utilization of cloud computing is stimulating the expansion of the storage area network market.

What Are The Primary Segments In The Global Storage Area Network Market?

The storage area network market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Technology: Fiber Channel (FC), Fiber Channel Over Ethernet (FCoE), InfiniBand, Internet Small Computer System Interface (iSCSI) Protocol, Other Technologies
3) By Organization Size: Small Enterprises, Medium Enterprises, Large Enterprises
4) By Industry Vertical: Banking, Financial Services And Insurance (BFSI), Information Technology (IT) And Telecommunication, Government Offices, Retail And E-commerce, Energy And Utility, Aerospace And Defense, Education, Healthcare, Manufacturing, Other Industry Verticals Subsegments:
1) By Hardware: San Switches, Storage Controllers, Storage Devices (Disk Arrays, Tape Libraries), Host Bus Adapters (Hbas), Cables And Connectors, Storage Networking Equipment (Fibre Channel, Ethernet Adapters)
2) By Software: Storage Virtualization Software, Data Protection And Backup Software, Storage Management Software, Disaster Recovery Software, File Systems And Storage Operating Systems, Security Software For San
3) By Services: Installation And Configuration Services, Consulting And Integration Services, Managed Services (For San Monitoring And Management), Data Migration Services, Maintenance And Support Services, Cloud Storage Integration Services

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What Trends Are Shaping The Storage Area Network Market?

Firms that play major roles in the storage area network market are concentrating on the creation of new solutions such as appliances dedicated solely to block storage to enhance the efficiency of storage settings. The function of a block storage-only appliance is to provide a specialized storage solution that serves block-level data storage in a Storage Area Network (SAN) environment. For instance, in May 2023, a block storage-only appliance was introduced for the first time by NetApp, a software company based in the US focused on data, which is known as the NetApp ASA A-series, aiming at customers in search of block storage solutions that are simpler. Its exceptional features comprise sophisticated data management capabilities like data deduplication, thin provisioning and snapshot technology, in addition to easy incorporation into existing SAN environments and provision of high availability for applications deemed critical for missions.

Who Are the Key Players In The Storage Area Network Market?

Major companies operating in the storage area network market are:
• Dell Technologies Inc.
• Huawei Technologies Co. Ltd.
• International Business Machines Corporation
• Broadcom Inc.
• SK hynix Inc.
• Fujitsu Limited.
• Hewlett Packard Enterprise Development LP
• Toshiba Electronic Devices & Storage Corporation
• NEC Corporation
• Texas Instruments Incorporated
• Western Digital Corporation
• NXP Semiconductors N.V.
• NetApp Inc.
• Marvell Technology Group Ltd.
• Citrix Systems Inc.
• Hitachi Vantara LLC
• Nutanix Inc.
• DataCore Software Corporation
• Everspin Technologies Inc.
• Viking Technology
• StorMagic Ltd.

What Is The Most Dominant Region In The Storage Area Network Market?

North America was the largest region in the storage area network market in 2023. The regions covered in the storage area network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.