Acumen Research and Consulting Storage Area Network (SAN) Solutions Market Size | Page 2
or tape libraries, to make devices appear as locally attached devices in the
operating system. A SAN generally consists of a devoted network of storage
devices which cannot be accessed by any other device via the local area network
(LAN), preventing LAN transmission interferences.
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Segment Insights
On the basis of components, technology and end use the storage area network
solutions market is broken down. The market is divided into hardware, software
and services (consulting, system integration, support & maintenance). The
hardware was major segment in 2017 and will dominate the market by the end
of 2026. At the end of the forecast period, however, the software segment is
anticipated to expand with the highest CAGR. The research has shown that the
hardware segment will dominate the market in component terms due to a large
demand for networking storage area devices worldwide. In the near future, the
software segment will also have a strong growth, mainly because of lower SAN
software solutions costs. The software sector is dominated by the growing use of
cloud technology among companies worldwide. The fiber channel (FRC),
infiniBand, fiber via Ethernet (FCoE) and iSCSI protocol was segmented based on
technology. The technology segment in fiber channels had the main share in the
general network solutions market for storage areas in 2016. As for end-use, the
market was converted into BFSI, retail & e-commerce, government & education,
military & defence, healthcare, IT & telecoms, energy & utilities, manufacturing
etc. Healthcare is anticipated to see strong acceptance of SAN solutions on the
basis of an increase in demand for file-storage servers, given the growing
worldwide health data. In 2018, the IT and telecommunications sector accounted
for 20% of the global market for SAN solutions. This is mainly due to increased
demand for storage space from companies. Many companies also emphasize the
use of data and information-related opportunities in applications like social
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