Global Storage Area Network Market Report and Forecast 2025-2034

Global Storage Area Network Market Outlook

The global market size for storage area networks is expected to grow at a CAGR of 4.1% between 2025 and 2034, likely to reach a value of USD 32.78 billion by 2034. This steady development of the market can be attributed to the expeditious adoption of SANs in various end-use applications.

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Global Storage Area Network Market Trends

A storage area network (SAN) is an integrated network of storage devices that is shared with multiple servers or computers, allowing for a shared pool of storage capacity. Any individual computer or system on the network can access SAN storage as easily as it was a storage drive directly connected to the machine.

• The declining costs of network infrastructure and data centres has been a major driving force for the market. Many IT companies are making an initiative to develop their network systems as the services and operational costs become more cost-effective.

• Multiple advantages, such as excellent performance, enhanced availability, and scalability of storage can offer multiple growth opportunities for the market.

• Increased utilisation of SAN with the development and growing number of small and medium-sized enterprises worldwide. SMEs are increasingly adopting SAN to utilise the advantages it provides to increase the flexibility of operations.

• The rapid development of e-commerce businesses due to the increasing number of consumers online has propelled the adoption of SAN to store important data in databases. This can help in improving data efficiencies while making it easier to access across connected devices.

Global Storage Area Network Market Analysis

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Based on components, the market can be segmented into software, hardware, and services. Based on the technology, it can be bifurcated into fibre channel (FE), fibre channel over ethernet (FCoE), InfiniBand, and iCSI protocol. Based on organisational size, the market bifurcations include small and medium-sized enterprises (SMEs) and large enterprises. 

Based on end-use, the market can be divided into BFSI, retail and e-commerce, IT and telecommunication, energy and utility, government offices, education, aerospace and defence, healthcare, and manufacturing, among others. The regional markets for the market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. 

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global storage area network market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

• HP Inc.

• Dell Technologies Inc.

• IBM Corporation

• Oracle Corporation

• Cisco Systems, Inc.

• NEC Corporation

• Others

Sizes of Organisations that Utilise Storage Area Network

The market for storage area networks, based on organisation size, can include small and medium-sized enterprises (SMEs) and large enterprises. Among these segments, large enterprises are expected to cover the largest portion of the market. This can be attributed to their ability to spend large amounts of capital for the installation and maintenance of the storage area network. 

In addition, large enterprises deal with many operations and customers, leading to the requirement of SANs to store the huge amounts of data present. The market for SANs will grow further with the increasing number of large enterprises worldwide.

End-Users for the Storage Area Network

Based on end-use, the market divisions include BFSI, retail and e-commerce, IT and telecommunication, energy and utility, government offices, education, aerospace and defence, healthcare, and manufacturing, among others. The IT and telecommunication is likely to dominate the market owing to increasing technological advancements. With the development of advanced types of equipment and the introduction of cost-effective services, the market is expected to experience growth. 

Additionally, the development and expansion of 5G networks around the world can bring new and improved systems to the SAN market.

Competitive Landscape

HP Inc. is one of the world’s most renowned technology companies focused on offering their services for climate action, human rights, and digital equity. The company’s technology and main product portfolio include personal systems, 3D printing solutions, and printers. The company operates in the fields of IT services and IT consulting. The company is located in California, United States and it was established in the year of 1998.

Dell Technologies Inc. is a technology company that is engaged in the development, and distribution, of personal systems, IT solutions, network servers, data storage solutions, and software. It is a multinational company operating in around 180 countries. The company headquarter is in Texas, United States and it was founded in the year 1984. The company is one of the leading players in the IT industry.

IBM Corporation, also known as The International Business Machines Corporation, is one of America’s largest technology corporations. The company is headquartered in New York, United States, with their operations spanning over more than 170 countries. The company specialises in various fields of technology including cloud, mobile, security, system services, and servers, among many others. It is one of the leading companies engaged in the development of AI, automation, and machine learning.

Other players in the market include Oracle Corporation, Cisco Systems, Inc., and NEC Corporation, among others.

Key Highlights of the Report