Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Research Reports

Storage Area Network (SAN) Market 2021 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2029

Published by mark itwired

Posted on October 8, 2021

Featured image for article about Research Reports

FMI

Escalating demand for data recovery capability in variegated sectors such as IT & telecom, BFSI, and healthcare is navigating the growth of storage area network (SAN) market. FMI projects the SAN market to exceed the revenue of approximately US$ 26 Bn by 2029 end.

The banking, financial services and insurance (BFSI) and IT & telecom sectors would remain key revenue propellers of the storage area network market. SANs enable working of clusters and master application concurrently in tandem with load balancing. This configuration is typically employed for business-critical applications such as banking systems. The deployment of storage area networks in BFSI security and IT & telecom services will collectively cross US$ 10 Bn by 2022. Further, SAN market players are placing their bets on the government sector for relevant value creation.

“With the help of SAN, leading players are solving issues such as continuous downtime periods, performance degradation, and shrinking ba-ckup windows. Moreover, technological advancements in SAN architecture are significant to the growth of market growth,” says the FMI analyst.

Request report sample with 300+ pages to gain in-depth insights https://www.futuremarketinsights.com/reports/sample/rep-gb-802

Key Takeaways of Storage Area Network (SAN) Market Study

BFSI remains the key consumer sector in SAN market in view of greater security threats.
Hardware components will contribute substantially to the overall revenue pool of the SAN market.
Software components will witness a surge in consumption through 2029.
Consumers continue to exhibit greater preference for enterprise server SAN.
Europe and North America are the regional leaders of storage area network market.

Explore the full Storage Area Network (SAN) market report with 177 illustrative figures, 40 data tables and table of contents. Request ToC of the study at https://www.futuremarketinsights.com/askus/rep-gb-802

Storage Area Network (SAN) Market – Key Growth Factors

Growing adoption of hyperscale server SAN is a significant growth contributor.
The rampant demand for fibre channel technology continues to accelerate the growth of storage area network market.
Surge in demand for SAN in IT & telecom is pushing the market growth.
Rising demand for data backup is complementing the growth of SAN market.

Storage Area Network (SAN) Market – Key Restraints

Interoperability issues in fibre channel technology continue to restrain the market growth.
Limited knowledge of manufacturers about the standards deployed in SAN technology is limiting market growth.

Competitive Landscape

Major players featured in this FMI study include, but are not limited to, NEC Corporation, IBM Corporation, DataCore Software Corporation, Cisco Systems, Inc., Hitachi Data Systems Corporation, Citrix Systems, Inc., and Hewlett Packard Enterprise Development LP. Industry leaders have placed greater emphasis on the government sector to ensure long-term value generation. They must invest heavily in BFSI security which offers a plethora of opportunities in SAN market.

More about the Report

This Future Market Insights study of 346 pages provides all-inclusive insights on the global storage area network market. The market analysis is based on component (hardware, software, services), SAN type (hyperscale server SAN, enterprise server SAN), technology (fibre channel, fibre channel over Ethernet, infiniBand, iSCSI Protocol), vertical (BFSI, IT & telecom, energy & utility, government, military & defense, healthcare, manufacturing, retail & e-commerce) across seven regions (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Middle East & Africa, Japan).

Buy Now Here@ https://www.futuremarketinsights.com/checkout/802

STORAGE AREA NETWORK (SAN) MARKET TAXONOMY

The global storage area network market is segmented in detail to cover every aspect of the market, and present a complete market intelligence approach to readers.

Component

Hardware
Software
Services
- Consulting
- System Integration
- Support & Maintenance

SAN Type

Hypercscale Server SAN
Enterprise Server SAN

Technology

Fibre Channel (FC)
Fibre Channel Over Ethernet (FCOE)
InfiniBand
iSCSI Protocol

Vertical

BFSI
IT & Telecom
Energy & Utility
Government
Military & Defense
Healthcare
Manufacturing
Retail & e-Commerce
Others

Key Takeaways of Storage Area Network Market Study

North America is expected to hold a significant share in the global storage area network market during the forecast period.
Fiber Channel (FC) is expected to hold a significant share in the global SAN market among all technologies during the forecast period.
By component, the hardware segment is anticipated to retain its significant share in the global storage area network market during the forecast period. This due to the fact that, SANs leverage the high-performance Fiber Channel I/O and consist of a series of hardware components.
The demand for hypercscale server SAN is estimated to grow at an impressive CAGR. However, enterprise server SAN is estimated to continue to hold significant market share in the global storage area network market during the forecast period.

The post Storage Area Network (SAN) Market 2021 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2029 appeared first on Industry News Analsis.

FMI