Discover How Storage Area Network (SAN) Solutions Aid Large and Small Enterprises in Overcome Multiple Technological Barriers. FMI Delivers an Exclusive Report on Storage Area Network (SAN) Industry
The global storage area network (SAN) market is set to surpass a valuation of US$ 21,400 million in 2023, and further expand at a CAGR of 3.7% to reach US$ 30,800 million by the year 2033. The storage area network (SAN) market accounts for around 7% of the global next-generation data storage market.
According to Future Market Insights, Inc., the US is expected to account for a staggering CAGR of 9.6%, reaching a value of US$ 1.7 billion by 2033. Over the forecast period, it is expected that the USA will dominate the North American market with a sizable value share in terms of consumption.
The market for biostimulants is primarily being driven by the organic food industry, which is growing at a reasonable rate. As more farmers use sustainable farming methods, the market is also growing.
Demand in the North American region is driven by the lawn and ornamental sector. Favourable regulations, as well as a focus on organic farming and yield improvement, encourage the regional adoption of biostimulants. The area provides opportunities for new industry participants.
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Key Takeaways
Competitive Landscape
Several key players in the SAN market are concentrating on investing heavily in innovation, research, and development practices in order to offer different solutions for several industrial applications. To expand their presence, dominant market players are undergoing various strategies such as partnerships, collaborations as well as acquisitions which are resulting in widened customer base.
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More Insights into the Storage Area Network (SAN) Market
Japan is expected to remain one of the most lucrative SAN markets over the APAC regions as the global market is anticipated to grow at around 1.6X by 2029. Japan’s market is anticipated to create an absolute dollar opportunity of US$ 188.3 Mn during 2022-29.
India is yet another market that is set to showcase lucrative growth opportunities over the SAN market with a robust CAGR of 6.6% throughout the assessment period from 2022 to 2029. India market is anticipated to create an absolute dollar opportunity of US$ 534.0 Mn during 2022-29.
Sales revenue of the SAN market in the U.S. is anticipated to surge at an impressive CAGR of about 2.9% between 2021 to 2029 and its sales are expected to reach around 1.2X by 2029.
SAN Market Outlook by Category
By Component:
By SAN Type:
By Technology:
By Vertical:
Region:
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. FMI Analysis
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Global Storage Area Network (SAN) Market Demand Analysis 2014-2021 and Forecast, 2022-2029
3.1. Historical Market Size (US$ Mn) Analysis, 2014-2021
3.2. Current and Future Market Size (US$ Mn) Projections, 2022-2029
3.3. Y-o-Y Growth Trend Analysis
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client
Apr 20, 2023