Global Ethernet Storage Fabric Market Report and Forecast 2024-2032
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.
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Market Outlook
According to the report, 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 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 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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Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Opportunities and Challenges in the Market16 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
6 Market Snapshot
8 Global Ethernet Storage Fabric Market Analysis
9 North America Ethernet Storage Fabric Market Analysis
10 Europe Ethernet Storage Fabric Market Analysis
11 Asia Pacific Ethernet Storage Fabric Market Analysis
12 Latin America Ethernet Storage Fabric Market Analysis
13 Middle East and Africa Ethernet Storage Fabric Market Analysis
14 Market Dynamics
15 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- 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.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 154 |
| Published | February 2024 |
| Forecast Period | 2024 - 2032 |
| Estimated Market Value ( USD | $ 2.8 Billion |
| Forecasted Market Value ( USD | $ 6.6 Billion |
| Compound Annual Growth Rate | 11.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
