DALLAS, July 3, 2015 /PRNewswire/ --
According to a new market research report "Server Storage Area Network (SAN) Market by Solution (Software and Hardware), Service (System Integration and Professional), Type (Hyperscale and Enterprise), End User (SMB and Large Business), and Region - Global Forecast to 2020", published by MarketsandMarkets, This report studies the global server SAN Market during the forecast period from 2015 to 2020. The market is expected to reach $24,948.0 Million by 2020, at a Compound Annual Growth Rate (CAGR) of 51.3% from 2015 to 2020.
Browse 64 market data Tables and 43 Figures spread through 143 Pages and in-depth TOC on "Server Storage Area Network (SAN) Market"
Early buyers will receive 10% customization on this report.
The market report analyzes and studies the major market drivers, restraints, opportunities, and challenges in the server SAN market in North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
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MarketsandMarkets broadly segments the server SAN market by solution (hardware and software, by service (system integration and professional service), by type (hyperscale and enterprise), by end user (SMB and large business), and by region (North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America).
The advancement of technology and business operations introduces generation of vast data on a daily basis. In order to manage this bulk data more storage spaces, servers, devices, and related hardware are required, which introduces additional costs on data center infrastructure upgradations. Redundant Array of Inexpensive Disks (RAID) and traditional SAN storage management are no longer feasible to manage the alarming increase in data. Server SAN is an effective technology that makes this massive data accessible and manageable. The server SAN technology has various advantages over the existing storage management solutions in the market. The technologically leading companies are more focused on the server SAN technology and are providing cost-effective and high performance solutions. Providing efficient data storage management focused solution has opened the doors for new entrants in this market.
Another major driver that drives the server SAN market is its low upgradation cost. Massive amount of data is being created on a daily basis leading to the requirements for additional data center infrastructure to manage this data. This incurs complexity and additional cost of infrastructure that is needed, once the maximum storage capacity is reached within a firm. The upgradation of infrastructure includes additional costs for servers, flash, storage subsystem, network attached storage or solid state drivers. The server SAN technology minimizes these additional or upgradation costs as storage management in this system is based on low software cost with great choice and is independent of additional hardware storage.
As of 2014, North America is estimated to hold the largest share of the global Server Storage Area Network (SAN) Market, followed by Europe. However, the APAC market is expected to grow at the highest CAGR of 56.2% from 2015 to 2020. A number of factors including energy efficiency, developing economies such as China and India, and increasing data traffic are creating positive impact on the growth of the server SAN market in the APAC region.
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