Storage Area Network (SAN) Market Research Analysis during the Forecast period 2020-2027

 

Storage Area Network (SAN) Market

A Storage Area Network is a high-speed network that links and provides a shared band of storage devices to several servers. SANs are commonly used in backup and disaster recovery scenarios. SANs are used to increase the capacity of mass storage devices that have access to servers, such as optical jukeboxes, tape libraries, and disc arrays. The growing volume of vital data in the global business environment has raised the demand for organisations to improve the performance, management, availability, and security of data storage assets. Furthermore, many firms are focusing on creating specialised storage networks that might help them achieve operational efficiency.

During the projected period, the worldwide storage area network (SAN) market is likely to rise due to rising need for effective backup operations. Previously, in a traditional manner, LAN was utilised for data backup and restoration activities, which are particularly sluggish and have a significant influence on overall operation efficiency. On the contrary, because it does not use essential server I/O or CPU resources, data travels easily across the SAN to tape devices in the SAN method.

According to Coherent Market Insights, The global Storage Area Network (SAN) Market was accounted for US$ 17,823.4 Mn in terms of value in 2019 and is expected to grow at CAGR of 3.5% for the period 2020-2027.

A number of challenges may be addressed by combining high-performance backup and restoration capabilities with data availability and device sharing. This includes decreased performance, longer outage times, and decreasing backup windows.  However, increase in the overall server efficiency with server-less backup offered by SAN architecture is fueling adoption of SAN across various verticals. Thus, these factors are expected to drive growth of the market in the near future.

A storage area network (SAN) is a high-speed network or subnetwork that links and provides shared pools of storage devices to several servers. Storage availability and accessibility are significant considerations in corporate computing. Traditional direct-attached disc installations within individual servers can be a straightforward and low-cost choice for many business applications, but the discs – and the essential data contained on those discs – are linked to the physical server through a specific interface, such as SAS. Modern workplace computing frequently need a far higher level of structure, flexibility, and control. These requirements fueled the growth of the storage area network (SAN).

Growing SAN usage among SMEs is likely to drive development in the worldwide storage area network (SAN) market over the forecast period. The increased use of SANs by small and medium-sized organisations (SMEs) is likely to drive market development, particularly in emerging markets. The features of SANs such as flexibility, shared storage, and centralised control, in order to share capacity amongst several hosts, are driving SAN adoption among smaller enterprises. As a consequence, key SAN solution providers are continually focusing on solutions that are simple to use and cost-effective for smaller businesses, which is likely to drive the worldwide storage area network (SAN) market growth throughout the forecast period.