The market for Storage Area Networks is anticipated to grow at significant CAGR of XX% during forecast period. A computer network that provides access to integrated, block-level data storage is known as a storage area network (SAN) or storage network. It’s a fast, efficient data transfer network that’ll connect storage devices like disc arrays and tape libraries, allowing users to access integrated, block-level storage. It eliminates the need for separate storage. It facilitates extremely fast data transfers. It provides for centralised data backup as well as viewing of stored data on local storage.
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A rise in the minimal intervention with network traffic, as well as a centralised backup that prevents data loss, an increase in the demand for efficient backup operations, and growing use of SANs among SMEs, are among the major factors boosting the storage area network (SAN) market. Furthermore, in the projected period, rising technical improvements and modernization in the education system, rising research and development activities, and rising demand from emerging economies will all generate new opportunities for the storage area network (SAN) market.
The market for storage area network (SAN) is being driven by increased collaboration between hardware makers and educational content producers. However, a rise in poor awareness about the new era of storage technology, as well as deployment challenges due to complex integration, are among the primary reasons limiting market growth, and will continue to pose a threat to the storage area network (SAN) market over the forecast period.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Solution
o By Service
o By Type
o By End User
- Competitive Landscape: IBM Corporation, FUJITSU, Oracle, Hewlett Packard Enterprise Development LP, Hitachi, Ltd., Cisco and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Storage Area Networks Market- Segmentation
By Solution
• Hardware
• Software
By Service
• System integration service
• Professional service
By Type
• Hyperscale
• Enterprise
By End User
• Small and Medium Business (SMB)
• Large Business
• Others
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
