United States Dairy Market Report and Forecast 2024-2032

Global Ethernet Storage Fabric Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global ethernet storage fabric market reached a value of USD 2.47 billion in 2023. Aided by the surging demand for higher data transfer speeds, increased data volume, and the need for efficient data management in enterprises and cloud services, the market is projected to further grow at a CAGR of 11.3% between 2024 and 2032 to reach a value of USD 6.60 billion by 2032.

Ethernet storage fabric refers to a high-performance network designed to connect storage resources with computing resources, facilitating fast and efficient data communication within data centres. Unlike traditional storage networks, ESF leverages the ubiquity, flexibility, and cost-effectiveness of Ethernet technology, providing a seamless and scalable fabric that supports the burgeoning demands of big data, cloud computing, and virtualised environments.

The adoption of ESF is primarily driven by its ability to deliver high bandwidth, low latency, and non-blocking network performance, essential for handling the explosive growth in data traffic and storage needs of modern businesses. Additionally, ESF offers simplified management and increased automation capabilities, reducing operational complexities and costs associated with data centre management.

Several factors contribute to the robust ethernet storage fabric market growth. The exponential increase in data generated by IoT devices, AI applications, and digital transformation initiatives necessitates advanced storage network solutions capable of managing and processing vast amounts of data efficiently. Furthermore, the shift towards software-defined storage and the integration of ESF with cloud and virtualisation technologies enhance its appeal to enterprises seeking agile, flexible, and scalable storage solutions.

The ethernet storage fabric market demand is also propelled by the growing adoption of NVMe (Non-Volatile Memory express) over Fabrics technology, which requires high-performance networking infrastructures to fully leverage its potential for ultra-fast storage. As businesses increasingly prioritise real-time analytics and data-driven decision-making, the need for efficient data access and transfer becomes paramount, further driving the ESF market.

Looking forward, the ethernet storage fabric market demand is poised for substantial growth from 2024 to 2029, driven by continuous advancements in ethernet technology, increasing data centre virtualisation, and the relentless growth of data. Innovations in ESF are expected to focus on enhancing network performance, scalability, and automation, addressing the evolving requirements of modern data centres. The integration of AI and machine learning algorithms for predictive analytics and network optimisation is also anticipated to be a key trend, offering intelligent management solutions that can predict network failures and optimise traffic flow.

Market Segmentation

The market can be divided based on device, switching port, storage type, application, and region.

Market Breakup by Device

• Switches
• Controllers
• Adapters

Market Breakup by Switching Port

• 10 GbE To 25 GbE
• 40 GbE To 50 GbE
• 100 GbE and Above

Market Breakup by Storage Type

• Object Storage
• File Storage
• Hyper-Converged Infrastructure
• Block Storage

Market Breakup by Application

• Telecommunications
• Cloud Service Provider Data Centres
• Enterprise Data Centres
• Government

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global ethernet storage fabric market. Some of the major players explored in the report by Expert Market Research are as follows:

• HP Inc.
• Fujitsu Limited
• Fortinet, Inc.
• NVIDIA Corp.
• Intel Corporation
• Huawei Technologies Co., Ltd.
• Dell Technologies Inc.
• Arista Networks, Inc.
• Microchip Technology Inc.
• Lenovo Group Ltd.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.