Storage Area Network (SAN) Market to reach US$ 22 Bn by 2026Posted by Pradnya Kulkarni on January 12th, 2017 Accessing a consolidated network of data storage systems that connects several depositories of information is incumbent to improve business workflow efficiency. Up-to-date information on the inventory, sales, product damage analysis and rebates helps businesses rectify any impedance on a priority basis. By integrating a Storage Area Network (SAN) with their databanks, organisations can immediately access such information from multiple locations, eliminating the gambles of retarding their operational momentum due to lack of connectivity, traditional storage approach or ineffective data backup procedures. According to Future Market Insights’ report, titled “Storage Area Network (SAN) Market: Global Industry Analysis & Opportunity Assessment, 2016-2026,” the global storage area network market is projected to witness a steady upsurge in its revenues, reaching US$ 22,678.1 million over the period of 2016 to 2026. The market will grow at a modest CAGR of 3.5% through 2026. Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-802 Businesses from diverse industrial verticals are investing capital on IT services, remodelling their business models by adopting cost-effective data storage management systems through various types of SANs. Leading tech giants such as The Hewlett-Packard Company, Hitachi Data Systems Corporation, Dell, Inc., IBM Corporation, and Cisco Systems, Inc., are the key storage area network service providers. The report has also profiled the market’s prominent participants, such as, NetApp, Inc., Critix Systems, Inc., QLogic Corporation, Nutanix, Inc., DataCore Software Corporation, and NEC Corporation. Besides the type of technologies, the growth of global market for storage area network is also reliant on the growth of components, types of networks, their end-users and prominence of leading industrial verticals. Through 2026, large enterprises as end-users, conventional SANs as types of networks, and Fibre Channel technologies will dominate their respective segments in the global storage area network market. Software components are expected to proliferate the market by accounting for 37% share of the global market value by the end of 2026, while BFSI and IT & telecom will collectively account for over 50% of the global market value, becoming the most lucrative industrial verticals around the world. Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-802 America and APEJ: Most Lucrative SAN Markets
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