Storage Area Network (SAN) Market Observes Spontaneous Growth during Forecast 2020-2027

A storage area network (SAN) is a high-speed network that links and distributes a shared band of storage devices to several servers. SANs are frequently 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 corporate environment has raised the demand for enhanced performance, management, availability, and security of data storage assets among businesses. In addition, many firms are focusing on creating specialised storage networks that might help them achieve operational efficiency.

Storage Area Network (SAN) 

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.

The SAN market technology is based on software-driven storage, which is easily expandable to meet an organization's demands or when the maximum storage capacity is achieved. It contains all relevant technologies in a single appliance that can expand from mid-size businesses to enterprises by meeting their requirements. Because it is based on low software costs with a wide range of options and is independent of new hardware storage, SAN technology reduces storage management upgrade costs. By decreasing the complexity of data storage, server SAN technology enhances performance.  The Storage Area Network appliances are spread throughout the locations in an enterprise corporate and the data is stored close to the area from where it is being accessed.

In the storage business, the Storage Area Network (SAN) is a burgeoning technology. The technique employs the notion of shared computing and storage, obviating the need for a separate storage array. The technology replaces traditional storage by addressing storage management issues and providing the benefits of improved availability, better performance, and lower prices.

The Storage Area Network market is further categorised by type, such as enterprise server SAN and hyperscale server SAN; end user, such as small and medium enterprises and big organisations; and geography. Enterprises and service providers both promote the market. Various individual solution and service providers are currently emerging on the market, providing healthy competition to other established solution and service providers. The worldwide market is being driven by a variety of reasons, including an increase in the number of data centres and a need for better data storage management. Reduced extra data centre infrastructure costs, highly scalable storage, and enhanced data access and storage management are among the key factors driving the rise of the server SAN markets.

For FibreChannel technology, a number of standards have been produced. Vendors' differing interpretations of these standards have resulted in the production of products that aren't always compatible on the same network. Interoperability difficulties are limiting the growth of the SAN industry internationally. As a result, these issues are projected to limit the growth of the worldwide storage area network (SAN) market in the coming years.

Comments

Post a Comment

Popular posts from this blog

Security Robot Market is Estimated To Witness High Growth Owing To Increasing Demand for Enhanced Surveillance

Image
Security Robot Market The Security Robot Market is estimated to be valued at US$ 11.8 billion in 2022 and is expected to exhibit a CAGR of 12.87% over the forecast period of 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Security Robot Market encompasses advanced robotic technologies that are specifically designed and developed to enhance security and surveillance operations. These robots are equipped with features such as video surveillance, thermal imaging, facial recognition, and intrusion detection, among others. They are extensively used by security agencies and organizations across various sectors, including residential, commercial, industrial, and government, to enhance safety, reduce human intervention, and streamline security operations. Security robots offer real-time monitoring, remote control, and high accuracy, making them an ideal choice for surveillance in sensitive areas and remote locations. Market Dynamics:
Read more

The Ever-Evolving Landscape of the Scottish Whisky Market during the Forecast Period 2019-2027

Image
  Scottish Whisky Market The Scottish Whisky Market is a captivating landscape that has been evolving and transforming over the years. It is a world of tradition, craftsmanship, and heritage, where every drop of whisky tells a story. The history of Scottish whisky traces back centuries, with the earliest records dating back to the 15th century. Whisky production initially started in monasteries, where monks distilled spirits for medicinal purposes. Over time, whisky production moved from monastic settings to farms and then to commercial distilleries. This transition marked the beginning of an industry that would become synonymous with Scotland. Scottish Whisky Market Was Valued At US$ 4.97 Bn In 2018, And It Is Expected To Reach US$ 7.89 Bn By The End Of 2027, Exhibiting A CAGR Of 5.3% During The Forecast Period (2019 To 2027). One of the defining characteristics of the Scottish Whisky Market is its adherence to traditional production methods. Scotch whisky is made from malted b
Read more

Monochloroacetic Acid (MCAA) Market Is Estimated To Witness High Growth Owing To Increasing Demand for Surfactants and Herbicides

Image
Monochloroacetic Acid (MCAA) Market The Monochloroacetic Acid (MCAA) Market is estimated to be valued at USD 676.52 Million in 2022 and is expected to exhibit a CAGR of 7.03% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Monochloroacetic Acid (MCAA) Market is driven by the increasing demand for surfactants and herbicides in several industries such as agriculture, pharmaceuticals, textiles, and personal care. MCAA is extensively used in the production of surfactants, herbicides, and carboxymethyl cellulose (CMC), which are essential in various applications. These applications include detergents, agrochemicals, pharmaceuticals, dyes, and cosmetics, among others. The versatile properties of MCAA, such as its ability to act as a raw material in the production of herbicides and surfactants, make it highly desirable in the market. Market Dynamics: The Monochloroacetic Acid (MCAA) Market is driven by two k
Read more