Published by mark itwired
Posted on October 8, 2021
4 min readLast updated: January 30, 2026
The SAN market is projected to exceed $26 Bn by 2029, driven by BFSI and IT sectors. Key players focus on government sector for growth.
Escalating demand for data recovery capability in variegated sectors such as IT & telecom, BFSI, and healthcare is navigating the growth of storage area network (SAN) market. FMI projects the SAN market to exceed the revenue of approximately US$ 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.
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Key Takeaways of Storage Area Network (SAN) Market Study
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
Storage Area Network (SAN) Market – Key Restraints
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).
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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
SAN Type
Technology
Vertical
Key Takeaways of Storage Area Network Market Study
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.
The article discusses the growth and forecast of the Storage Area Network (SAN) market until 2029.
The BFSI and IT & telecom sectors are key drivers of SAN market growth.
Interoperability issues and limited knowledge of SAN standards are major challenges.
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