Storage Area Network Market Report 2026

The storage area network market size has grown rapidly in recent years. It will grow from $28.44 billion in 2025 to $32.36 billion in 2026 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to increasing enterprise data generation, expansion of centralized data center infrastructure, rising demand for high-performance storage systems, adoption of virtualization technologies, growing need for disaster recovery solutions.

The storage area network market size is expected to see rapid growth in the next few years. It will grow to $51.26 billion in 2030 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to increasing cloud-hybrid storage adoption, rising investments in data center modernization, growing demand for low-latency enterprise storage, expansion of ai-driven data analytics workloads, increasing focus on cyber-resilient storage architectures. Major trends in the forecast period include increasing adoption of high-speed fiber channel networks, rising deployment of hybrid san architectures, growing integration of san with cloud storage platforms, expansion of software-defined storage solutions, enhanced focus on data availability and resilience.

The increasing adoption of cloud computing is expected to drive the growth of the storage area network (SAN) market in the coming years. Cloud computing delivers computing services over the internet, including storage, processing power, and applications, on a pay-as-you-go basis. The rise in cloud-based solutions is fueled by their scalability, cost-effectiveness, and ability to support remote work and digital transformation initiatives. Cloud computing enhances SAN capabilities by providing scalable, on-demand storage resources accessible over the internet, improving storage efficiency and flexibility while reducing infrastructure costs and management complexities. For example, in April 2025, the American Bar Association, a U.S.-based professional organization, reported that approximately 75% of attorneys used cloud computing for work-related tasks, up from 69% in 2023 and about 70% in 2022. Therefore, the growing adoption of cloud computing is contributing to the expansion of the storage area network market.

Key players in the storage area network market are concentrating on developing innovative solutions, such as block storage-only appliances, to streamline storage environments. These appliances are specialized solutions for providing block-level data storage in SAN environments. For instance, in May 2023, NetApp introduced the NetApp ASA A-series, the first-ever block storage-only appliance. It offers advanced data management capabilities such as data deduplication, thin provisioning, and snapshot technology, along with seamless integration into existing SAN environments and high availability for mission-critical applications.

In November 2023, Broadcom Inc. acquired VMware LLC for $61 billion, aiming to bolster its position in the cloud and SaaS markets, improve financial performance, and offer a broader range of solutions to customers. VMware LLC is a US-based cloud-based company that provides support for Storage Area Networks (SANs).

Major companies operating in the storage area network market are Dell Technologies Inc., Huawei Technologies Co. Ltd., International Business Machines Corporation, Broadcom Inc., SK hynix Inc., Fujitsu Limited., Hewlett Packard Enterprise Development LP, Toshiba Electronic Devices & Storage Corporation, NEC Corporation, Texas Instruments Incorporated, Western Digital Corporation, NXP Semiconductors N.V., NetApp Inc., Marvell Technology Group Ltd., Citrix Systems Inc., Hitachi Vantara LLC, Nutanix Inc., DataCore Software Corporation, Everspin Technologies Inc., Viking Technology, StorMagic Ltd.

North America was the largest region in the storage area network market in 2025. The regions covered in the storage area network market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the storage area network market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The storage area network market consists of revenues earned by entities by providing services such as virtualization services, storage migration services, and data protection services. The market value includes the value of related goods sold by the service provider or included within the service offering. The storage area network (SAN) market also includes sales of SAN switches, SAN cables, and transceivers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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