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Growing server virtualization and cloud, artificial intelligence and analytics workloads have transformed the data storage architecture. Rapid adoption of cloud services for data storage creates new market opportunities for Ethernet storage. The growing demand for enterprise mobility and support workload mobility across the enterprises are increasing the demand for Ethernet storage. Rising adoption of Hyper-Converged Infrastructure (HCI), software defined storage(SDS) by storage architects to improve operational efficiency fuels the market growth for Ethernet storage. Demand for low latency and more bandwidth is increasing the adoption of Ethernet storage fabric across the data centers. Rise in wireless network devices increased the network traffic enables to deploy Ethernet storage to organisations for managing network path.
Ethernet storage is an efficient and fastest way to network storage. It leverages cost efficiencies, flexibility and speed of Ethernet to provide simplified management, scalability and high availability storage. It helps cloud service providers and enterprise data centers to store data in file, block, objects storage, hyper converged insfrastructure and software defined storage(SDS). Further it helps to data centers disaster recovery and data replication. Ethernet storage delivers lower latency, more bandwidth and zero pocket losses, this accelerates the flash storage, machine learning, Big data and hyperconverged infrastructure(HCI) clusters. Ethernet adaptors and controllers supports storage offloads and networking including Remote Direct Memory Access (RDMA), Transmission control protocol(TCP), Non-Volatile Memory Express(NVme), which reduce storage latency and free up CPU resources to improve performance.
The covid-19 had unprecedented impact on the data centers and cloud service providers. Rising adoption of cloud services for storage of data owing to covid-19 pandemic expected to boost the demand for Ethernet storage. Digital transformation across the industries such as BFSI, healthcare, education among others are increasing the number of data centers, which is anticipated to foster the demand for Ethernet storage.
Key Market Driver -
• Rising adoption of hyperconverged infrastructure by data centers is likely to boost the market growth. • Rising cloud, analytics and artificial intelligence workloads are expected to foster the demand for Ethernet storage.
Key Market Restraint -
• Lack of skilled expertise to restrict the market growth.
Key players in security operations center as a service market includes Mellanox Technologies, Cisco Systems Inc, Dell Technologies Inc., Intel Corporation, Hewlett Packard Enterprise Company, Fujitsu, Argo Technologie SA, E8 Storage, Microsemi Corporation, D-Link, H3C Technologies CO. Limited, Vicinity, Juniper Networks, Huawei Technologies, Arista Networks
Key players in the market like Dell Technologies Inc., Hewlett Packard Enterprise Company, Fujitsu, Huawei Technologies, etc. are entering into strategic partnerships and collaborations to expand the business. Market players are focused on new product launch and product enhancement in existing product to accelerate market growth.
North America is expected hold the largest market share in the global market. Rising number of data centers and rapid adoption of cloud services boost the demand for ethernet slutions in this region. The presence of major market players such as Juniper Networks ,Arista Networks, Hewlett Packard Enterprise Company, Intel Corporation, and Dell Technologies Inc., Cisco Systems Inc., among others are involved in partnership, acquisitions, developing new products and product enhancements, this fosters the market growth in this region. For instance, In Feb 2020, Arista Networks have acquired a software defined networking and network monitoring pioneer, Big Switch Networks. The acquisition aims to strengthen the network monitoring and observability suite.
Europe is expected to be a potential market for Ethernet storage. Growing number of data centers across United Kingdom, Germany, Netherlands are likely to drive the market growth in this region. For instance, as per Cloudscene report of march 2021 states that United Kingdom has 452 data centers and Germany has 442 data centers in 2021. Similarly, Netherland and France has 275 and 248 data centers respectively.
Asia Pacific is anticipated to showcase significant growth during forecast period. Rising internet penetration, government initiatives for digital transformation and growing small scale businesses are act as a key driver to foster the market growth in this region.
Middle east and Africa are expected to showcase moderate growth during forecast period. Government initiatives like smart city across middle east countries including United Arab Emirates(UAE) and Kingdom of Saudi Arabia encourages digital innovation, which drives the demand for data centers in the region. With the digital transformation strategy, rise in adoption 5G, Internet of Things, machine learning that increased the network bandwidth requirements and data volume. Such activities are likely to boost the demand for Ethernet storage in coming years.
Latin America is expected to hold lucrative market opportunities in coming years. Growing adoption of hyperconverged infrastructure(HCI) owing to rising demand for data center is expected to drive the market growth in this region. Small and medium sized data providers are investing in cloud based technologies, which boost the implementation of HCI across the enterprises. The increased number of data centers paired with cloud technology boost the demand for Ethernet storage in this region.
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