Global storage networking market to hit value of $24.3 billion by 2018
The global Storage Networking market is projected to reach US$24.3 billion by 2018, primarily driven by digital data explosion and the resulting need for efficient data storage infrastructure among enterprises. Adoption of server virtualization and robust demand from developing markets, Asia-Pacific in particular, also augurs well for the future of this market.
In this information driven world, the volume of data being generated electronically is exploding at a robust pace. The digital era, which ushered in a new age of electronic data capture, has made it easy for all, including private companies, government agencies and individuals to efficiently capture, browse, store and share information, thereby leaving an enormous data trail. Private companies in particular, have been major contributors to this information explosion, creating huge volumes of data on their customers and other business partners, while simultaneously generating equally huge volumes of transactional data as they sell a product or a service.
Entertainment and Healthcare industries are the primary contributors for growth in the global storage networking market. The explosion of data in these industries is especially bringing out these two industries as lucrative adopters of storage networking technologies. One of the key factors cited for increased demand for storage networking technologies from the entertainment industry is the increased data generation as a result of proliferation of broadband Internet and data intensive internet related activities.
Social networking sites like Facebook, Twitter for instance, require huge amounts of user data to be stored and hence its opportunities galore for storage networking technologies in backend datacenters run by these social networking giants. In the healthcare industry, the mounting pressure to archive ever increasing volumes of medical data is forcing hospitals to adopt storage networking technologies. With increasing importance attached to maintenance of patient related data, medical archiving is projected to offer a banquet of opportunities for storage networking industry.
North America represents the largest regional market accounting for a major share in global revenue. Asia-Pacific represents the fastest growing market, with annual revenue and storage capacity shipments waxing at a CAGR 9.8% and 38.2%, respectively, over the analysis period. SAN market represents the largest segment accounting for a majority share in global revenue as well as in total capacity shipped.
This report analyzes the worldwide markets for Storage Networking in US$ Million by the following Product Segments: Network Attached Storage, and Storage Area Network (Fiber Channel SAN, iSCSI SAN, and Others). The report provides separate comprehensive analytics for North America, Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2010 through 2018. Also, a six-year historic analysis is provided for these markets.
The report profiles 59 companies including many key and niche players such as Brocade Communications Systems, Inc., Cisco Systems, Inc., Coraid, Inc., Cutting Edge Networked Storage, Dell, Inc., EMC Corporation, Emulex Corporation, Hewlett-Packard Company, International Business Machines Corporation, LSI Corporation, NetApp, Inc.., NETGEAR, Inc.., Nexsan Technologies, Inc, Overland Storage, Inc., and QLogic Corporation. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain. Global Industry Analysts ©