What are the Storage Area Network Market opportunities and threats faced by the vendors in this industry?

The explosion of the internet web content and the increasing deployment of large database applications, the demand for storage area network (SAN) has surged. The demand is poised to surge exponentially in the near future as an increasing number of businesses become more independent on their ability of storing, retrieving, and processing data. According to Fortune Business Insights, the increasing demand for high speed storage network will invariably give tailspin to the storage area network market growth. In a report, titled "Storage Area Network" Market Size, Share and Global Trend By Component (Software, Hardware, Services), By Technology (Fiber Channel (FC), Fiber Channel Over Ethernet (FCoE), InfiniBand, iSCSI Protocol), By Industry Vertical (BFSI, Retail and E-commerce, IT and Telecommunication, Energy and Utility), and Geography Forecast till 2026 it offers a comprehensive overview of the global market.

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The report is compiled with the intent of helping companies take a stock of prevailing storage area network market trends. It therefore categorizes the market in terms of various parameters such as component, technology, industry vertical, and region. Furthermore, the report gauges the impact of recent industry developments and strategies adopted by leading companies to gain competitive edge. Factors enabling growth of the market across key segments are analyzed in detail as well.

Some of the leading companies operating in the global storage area network market are

• Hitachi Data Systems Corporation
• Dell, Inc.
• Hewlett Packard Enterprise Development L.P.
• IBM Corporation
• QLogic Corporation
• Cisco Systems, Inc.
• DataCore Software Corporation
• Nutanix, Inc.
• Fujitsu Limited
• NetApp Inc.
• DataDirect Networks
• IDG Communications, Inc.
• Pure Storage Inc.

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Key Market Driver –

• The number of data centres are increasing causing the rise in storage management
• The advanced technology such as IoT and AI are increasing the amount unstructured data

Key Market Restraint –

• The rise in data will increase the cost of storage

Key Industry Developments

• July 2017: IBMZ, the next generation of the world’s most powerful transaction system, has announced a new storage that is running more than 10 billion encrypted transactions per day. They have increased Storage Area Network response time with zHyperLink, by 10x latency reduction compared to the earlier network thus cutting application response time to half. Businesses are able to do the transactions through IoT and cloud without changing a single line of application code.
• February 2019: Rackspace and Pure Storage Collaboratively announced to accelerate the Value of Cloud through Block Storage Solution with Ultra-Fast Performance. This will enable high performance for eCommerce, databases, disaster recovery, artificial intelligence, Internet of Things and machine learning

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 Key Segmental Overview:

1. By Component

• Software
• Hardware
• Services
  • Consulting
  • System Integration
  • Support
  • Maintenance

2. By Technology

• Fiber Channel (FC)
• Fiber Channel Over Ethernet (FCoE)
• InfiniBand
• iSCSI Protocol

3. By Industry Vertical

• BFSI
• Retail and E-commerce
• IT and Telecommunication
• Energy and Utility
• Government Offices
• Education
• Aerospace and Defence
• Healthcare
• Manufacturing
• Others

4. By Geography

• North America (USA and Canada)
• Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Latin America (Brazil, Mexico and Rest of Latin America)
• Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

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Major Table of Content for Storage Area Network Market:

1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Storage Area Network Market Analysis, Insights and Forecast, 2026
6. North America Storage Area Network Market Analysis, Insights and Forecast, 2026
7. Europe Storage Area Network Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Storage Area Network Market Analysis, Insights and Forecast, 2026
9. The Middle East and Africa Storage Area Network Market Analysis, Insights and Forecast, 2026
10. Latin America Storage Area Network Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
13. Conclusion