Storage Area Network (SAN) Solutions Market Report to Share Key Aspects of the I

Posted by Sakshi Mishra on December 30th, 2019

According to a new market report published by Transparency Market Research the global storage area network (SAN) solutions market is expected to reach a value of US$ 24,461.5 Mn by 2026 on account of the substantial adoption of SAN hardware, software, and services across the world. The market is projected to expand at a CAGR of 4.4% during the forecast period from 2018 to 2026. Asia Pacific is anticipated to be a rapidly expanding region of the market, followed by Europe during the forecast period. In terms of application, the Information Technology (IT) and telecom segment is projected to offer lucrative opportunities, due to rising number of enterprises and increasing investments in advance technologies across the globe. 

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Rising Adoption of Fiber Channel Over Ethernet Technology across the World Driving the SAN Solutions Market 

Growing cloud computing solutions and data centers around the globe is fuelling the growth of the SAN solutions market. Additionally, cost effectiveness offered by fiber optic solutions is anticipated to boost the demand for fiber channels over Ethernet technology based SAN solutions. Furthermore, rising implementation of data centers by all types of enterprises is projected to contribute to revenue growth of the market. Similarly, InfiniBand technology segment is expected to see healthy growth during the forecast period. This is likely due to demand for InfiniBand technology in high-performance computing environments as well as higher bandwidth offered by InfiniBand.