Server Storage Area Network Global Market Report 2024

The server storage area network market size has grown strongly in recent years. It will grow from $20.87 billion in 2023 to $22.38 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth during the historic period can be attributed to several factors, the rising data explosion, adoption of virtualization, increasing use of cloud computing, focus on cost reduction, and growing performance demands.

The server storage area network market size is expected to see strong growth in the next few years. It will grow to $29.74 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to several factors, data growth, increasing digital transformation initiatives, the importance of big data and analytics, and the rising interest in the Internet of Things (IoT). Major trends in the forecast period include a growing demand for hyper-converged infrastructure, the expansion of edge computing, a shift to software-defined storage, the rise of artificial intelligence and machine learning workloads, and advancements in data security.

The expansion of Internet of Things (IoT) device usage is expected to drive the growth of the server storage area network (SAN) market in the foreseeable future. IoT devices are physical objects embedded with sensors, software, and other technologies enabling them to connect and exchange data with other devices and systems via the Internet or communication networks. The increasing adoption of IoT devices is attributed to their capacity to improve efficiency, automation, and data-driven decision-making across various industries and daily activities. Incorporating IoT devices into a server storage area network (SAN) facilitates enhanced monitoring, management, and optimization of storage resources through real-time data collection and analysis. For instance, a report from Ericsson in September 2023 indicated that global IoT connections reached 15.7 billion in 2023 and are projected to grow to 38.9 billion by 2029, underscoring the driving force of IoT device penetration in the server storage area network market.

Key players in the server storage area network market are concentrating on leveraging artificial intelligence (AI) technologies to gain a competitive advantage. Enterprise storage servers (ESS) designed for AI purposes typically integrate advanced features and capabilities to support the demanding requirements of AI workloads, involving extensive data processing, model training, and inference tasks. For example, in August 2022, International Business Machines Corporation introduced the Enterprise Storage Server (ESS) 3500, a spectrum-scale ESS optimized for AI workloads. This server provides rapid storage for AI tasks such as modeling and training through multiple storage types, a faster controller CPU, and up to 91 GB/sec sequential read.

In November 2023, Broadcom Inc. acquired VMware LLC, enhancing its software portfolio to offer comprehensive enterprise solutions and diversify revenue streams beyond semiconductor products. VMware LLC, a cloud computing company, provides a secure storage area network portfolio, including vSphere, which aids in managing and optimizing storage resources within the server storage area network.

Major companies operating in the server storage area network market are Dell Inc., Huawei Technologies Co. Ltd., Lenovo Group Limited, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Broadcom Inc., Hewlett Packard Enterprise (HPE), Fujitsu Limited, Western Digital, Seagate Technology, NetApp Inc., Hitachi Vantara, Pure Storage, Kaminario, Quantum Corporation, Promise Technology, DataCore Software, Infortrend Technology, StarWind Softwarea, X-IO Technologies.

North America was the largest region in the server storage area network market in 2023. The regions covered in the server storage area network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the server storage area network market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A server storage area network (SAN) is a high-speed, specialized network that connects servers to a centralized pool of storage devices, allowing multiple servers to access block-level storage. This architecture separates storage from local servers, enabling efficient, scalable, and flexible storage management. It's commonly used in enterprise environments to enhance storage utilization, performance, and data protection.

The main types of server storage area networks are hyperscale server storage area networks and enterprise server storage area networks. A hyperscale server SAN is a large-scale data center infrastructure designed for handling vast amounts of data and computing processes. It offers professional and managed services and is utilized across small, medium-sized, and large enterprises. It serves industry verticals such as information technology (IT) and telecommunications, banking, financial services, and insurance (BFSI), manufacturing, mobile and entertainment, government and defense, and healthcare and life sciences.

The server storage area network market research report is one of a series of new reports that provides server storage area network market statistics, including the server storage area network industry global market size, regional shares, competitors with the server storage area network market share, detailed server storage area network market segments, market trends, and opportunities, and any further data you may need to thrive in the server storage area network industry. These server storage area network market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The server storage area network market consists of revenues earned by entities by providing services such as high-speed connectivity, centralized storage, and data protection and management. The market value includes the value of related goods sold by the service provider or included within the service offering. The server storage area network market also includes sales of storage devices, disk arrays, tape libraries, and optical jukeboxes. 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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