Ethernet Storage Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032

Ethernet Storage Market Size

Ethernet Storage Market is set to record stellar growth between 2024 and 2032 led by the rapid deployment of ethernet worldwide. Ethernet has gained substantial traction in the recent past owing to the rising network traffic and the surging demand for cost-effective & reliable networking technologies worldwide. Ethernet storage ensures zero packet losses, high performance, and low latency, further helping in establishing a single physical network based on familiar standards.
 

The growing incidences of data breaches have further propelled the adoption of industrial ethernet. As per the recent data by the IT Governance of UK, nearly 2814 data breaches were recorded in 2023.
 

Ethernet Storage Market Trends

The ethernet storage industry is experiencing dynamic trends driven by escalating data volumes and cloud adoption. Demand for high-speed data transfer fuels the market, with 25GbE and 100GbE technologies gaining prominence. Increasing virtualization and demand for efficient data management propel ethernet storage solutions, fostering the incorporation of Network Attached Storage (NAS) and Storage Area Network (SAN) systems. Moreover, the rise of edge computing and the Internet of Things (IoT) amplifies the need for robust infrastructure. Security concerns, coupled with advancements like RDMA over Converged Ethernet (RoCE), continue to shape the ethernet storage industry landscape.
 

Ethernet Storage Market Analysis

Based on storage, the HCI (hyper-converged infrastructure) segment is projected to grow significantly through 2032 owing to its easy deployment and management. This infrastructure ensures higher scalability, data protection, resource utilization, and reliability. With the surging number of data centers worldwide, the adoption of HCI is set to increase for cost savings and simplification of IT, adding to the segment share.
 

In terms of application, the BFSI segment is expected to record substantial growth in the ethernet storage industry through 2032 owing to the ever-soaring volume of data across the banking and finance sector. Ethernet Bandwidth On-Demand (BoD) services are increasingly used by BFSI firms to perform data-intensive activities efficiently and smoothly. Recent advancements in BoD are allowing customers to boost subscribed bandwidth by 4 times and activate additional bandwidth within 30 minutes, influencing the segment growth. For example, in November 2023, Lumen Technologies extended its Network-as-a-Service (NaaS) offering, expanding from 23 to 136 data centers throughout North America. The accessibility of Lumen® Internet On-Demand has now been broadened to encompass both data center clients and locations enabled with Lumen on-net capabilities.
 

Regionally, North America ethernet storage market size is poised to expand at a substantial rate from 2024 to 2032, driven by the growing inclination toward ESF-based tools and solutions. The region is expected to emerge as a prominent ethernet hub with the surging adoption of storage technologies. Furthermore, rapid digitization and the ongoing advancements in next-generation technologies will spur industry expansion in the region.
 

Ethernet Storage Market Share

The competitive landscape of the global ethernet storage industry includes:

• Intel Corporation
• Huawei Technologies
• Arista Networks
• Allied Telesis
• Cisco Systems
• Fortinet
• Argo Technology
• D-Link, Vicinity
• Juniper Networks
• E8 Storage (Amazon.com, Inc.)
• Mellanox Technologies
• Dell Technologies
• Hewlett Packard Enterprise
• Fujitsu
• Lenovo Group
• Microsemi Corporation
• Apeiron Data Systems
   

These companies are focused on launching novel services with customizations and boosting innovation for achieving a competitive edge.
 

Ethernet Storage Industry News

• In January 2024, Hewlett Packard Enterprise (HPE) announced the acquisition of Juniper Networks, a prominent player in AI-driven networking solutions. According to the agreement, HPE is set to purchase Juniper in a cash-only transaction at $40.00 per share.

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