A storage area network (SAN) is configured to connect storage devices, servers, and switches to support multiple users.
Companies use a SAN to provide the same pool of shared storage devices to multiple servers and access points.
The SAN market had an estimated value of $17.82 billion in 2019. With a predicted compound annual growth rate (CAGR) of 3.5% between 2020 and 2027, it is expected to reach $23.47 billion by the end of the period.
Several geographic regions are driving growth in the market.
- North America had 36.8% of the market share, valued at $4.8 billion, in 2019
- China has the second largest market, estimated to reach $35.1 billion by 2027 following a CAGR of 43.2%
- Canada and Japan are anticipated to grow by a CAGR 38.9% and 42% from 2020 to 2027
- Germany is expected to maintain a CAGR of 31.1% until 2027
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