Factors Fueling Growth of SAN Market

Future Market Insights published a report: Storage Area Network SAN Market: Global Industry Analysis and Opportunity Assessment 2015-2025

Overview
SAN is a high performance, high speed, secured, data transfer network which connects storage devices like disk arrays, tape libraries to the server and offers access to consolidated block level storage. SAN basically combines the computational and the shared storage and eliminate the requirement of a separate storage. SAN can support a very high speed data transfer. For example, FC – a high speed network technology – used to connect computer storage at the retrieval rate of 5Gb/s. Storage to storage data transfer can also be done with no server intervention which helps in minimizing external load of the server. One of the major benefits of using SAN is centralized backup. In centralized backup servers, user have backup in the main server and can view stored data on local disks. Some of the other features of SANs are storage virtualization and dynamic failover protection. Moreover, easy availability and increase in I/O performance with increase in number of interconnected devices make server service area network an efficient system.
 
Segmentation
SAN market is segmented on the basis of solution, type, services, verticals and region. On the basis of solution, the global SAN market can be segmented into hardware and software. On the basis of type, the market can be segmented as hyperscale network and enterprise network. The market can also be segmented on the basis of service which includes system integration service, consulting services, training and support service. Verticals include public sector, manufacturing sector, energy and utility sector, telecommunication sector, transportation sector, banking, finance, services and insurance (BFSI) and other. Regionally, the SAN can be segmented into North America, Western Europe, Latin America, Eastern Europe, AsiaPac Excluding Japan (APEJ), Japan, and Middle East and Africa (MEA). Currently, North America dominates the SAN market and is expected to continue its dominance over the forecast period, followed by Western Europe.
 
Drivers
Increasing demand for data centers to store large amount of data generated by business operations and the need for efficient data management solutions are driving the growth of SAN market across worldwide. SAN solutions enable organizations to control and manage the cost associated with the up-gradation of the infrastructure such as flash, server, storage subsystem, etc., and solves the infrastructure complexity problems. These are some of the factors fueling the growth of the global SAN market.
 
Restraints
Lack of awareness across vertical especially in emerging markets such as Brazil, Argentina, and North Africa, about the benefits of new storage technologies and deployment problems due to complex integration structure and some other technical issues are the factors that are hindering the growth of global SAN market.
 
Competitive Landscape
Key players in the global SAN solution market focus on introduction of advanced solutions in order to improve their offerings and strengthen position in the market. In 2014, Hewlett-Packard launched HP Storefabric SN1000Q 16GB%