Global Server Storage Area Network (SAN) Market Highlights Over 2022- 2031

The global server storage area network (SAN) market is estimated to grow at a notable CAGR over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the reduction in the overall infrastructure costs related to data centers and an increase in the digital economy. As per the World Bank, the digital economy accounts for 15.5 percent of the global GDP and has grown two and a half times faster than global GDP over the last 15 years. Increase in the digital economy has contributed to the surge in organizations storing their data in digital form. Furthermore, storage is accessible through the network to the organizations without separate storage space. Moreover, a reduction in the overall infrastructure cost is expected to increase the growth of the global server storage area network (SAN) market.

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The COVID-19 pandemic had a positive impact on the digital economy, resulting in the growth of the global server storage area network (SAN) market. Following the pandemic, the importance of data was released in the digital economy, owing to the storage of more information in the data form rather than maintaining it physically. Therefore, after COVID-19, it is anticipated to drive the growth of the global server storage area network (SAN) market.

The global server storage area network (SAN) market is segmented by organization into a large-scale organizations and small & medium scale organizations. Out of these, the large-scale organization segment is expected to hold the largest share in the global server storage area network (SAN) market owing to the ability to pay for the installation of the server storage area network. Moreover, large-scale organizations need more space to store their data owing to the presence of large volumes of data.

Global Server Storage Area Network (SAN) Market Regional Synopsis

Regionally, the global server storage area network (SAN) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the North America region is estimated to witness modest growth over the forecast period on the back of presence of large number of data centers for the management of data. As per the United Nation Conference On Trade And Development, 80 percent of the co-location data centers were present in developed countries and mainly in North America. Therefore, the server storage area network removes the requirement of different space for storage. Moreover, market players of the server storage area network reside in this region, which is expected to surge the growth of the server storage area network (SAN) market in the North America region.

Market Segmentation

Our in-depth analysis of the global server storage area network (SAN) market includes the following segments:

By Solution

• Hardware

• Software

By Organization

• Large Scale Organization

• Small & Medium Scale Organization

By End-Users

• BFSI

• Healthcare

• It & Telecom

• Retail

• Entertainment

• Others

By Type

• Enterprise Server SAN

• Hyperscale Server SAN

Growth Drivers and Challenges Impacting the Growth of the Global Server Storage Area Network (SAN) Market

Growth Drivers

• Reduction in the overall infrastructure cost

• Increase in the digital economy

• Surge in the number of data centers

Challenges

• Lack of awareness related to server storage area network

• Lack of expertise

Key Companies Dominating the Global Server Storage Area Network (SAN) Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global server storage area network (SAN) market that are included in our report are Dell Technologies, Inc., Oracle Corporation, Citrix Systems, Inc., Hitachi, Ltd., Hewlett Packard Enterprise Company, Cisco Systems, Inc., iCorps Technologies, Inc., Arista Networks, Inc., Lenovo Group Ltd., Nutanix, Inc., and others.

Latest Developments in the Global Server Storage Area Network (SAN) Market:

• 26 April 2022: Oracle Corporation announced its expansion of Industry Innovation Labs in the Global Network. Labs provide transformation to customers for exploring solutions to their problems through bringing Oracle and partner technologies together.

• 19 April 2022:  Cisco Systems, Inc., collaborated with General Motors to modernize the improvement process for performance testing vehicle development data, resulting in a shorter time to market for commercially ready vehicles.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the client's requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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