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Storage Area Network (SAN) Switches Market Trends

Report ID: GMI9846
Published Date: Jun 2024
Report Format: PDF

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Storage Area Network Switches Market Trends

A notable trend in the SAN switches market is the increasing adoption of NVMe-over-Fabrics (NVMe-oF) technology. NVMe-oF offers significant performance improvements over traditional SAN protocols by reducing latency and increasing data transfer speeds. This technology is gaining traction in data-intensive applications such as high-performance computing (HPC), artificial intelligence (AI), and machine learning (ML), where rapid data access and processing are critical. The demand for NVMe-oF is driving innovation in SAN switch designs, leading to more efficient and faster storage networks.

Another significant trend is the shift towards hybrid and multi-cloud environments. Organizations are increasingly adopting hybrid cloud strategies to leverage the benefits of both on-premises and cloud storage solutions. SAN switches play a vital role in these environments by providing seamless data transfer and management capabilities across different storage platforms. This trend is driving the development of SAN switches that are optimized for hybrid cloud integrations, offering enhanced flexibility, scalability, and performance to meet the evolving needs of businesses.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Storage area network switches industry size was worth USD 23.07 billion in 2023 and will register 20.3% CAGR between 2024 and 2032 due to increasing data generation and the need for efficient data management solutions.

The ethernet SAN switches segment recorded 45% of the storage area network (SAN) switches industry share in 2023, driven by their cost-effectiveness, scalability, and widespread adoption in modern data centers.

North America storage area network (SAN) switches industry achieved 25% share in 2023, attributed to its advanced IT infrastructure and high adoption rate of cutting-edge technologies.

Cisco Systems, Inc., Brocade Communications Systems (a Broadcom Inc. company), Dell Technologies Inc., Hewlett Packard Enterprise (HPE), IBM Corporation, Fujitsu Limited, and Huawei Technologies Co., Ltd.