The multiprotocol storage market refers to the market for storage systems or solutions that support multiple storage protocols simultaneously. These storage protocols include Fibre Channel (FC), Internet Small Computer System Interface (iSCSI), Network-Attached Storage (NAS), and Storage Area Network (SAN).
The global multiprotocol storage market is expected to reach US$ 56782.3 million by 2032, growing at a CAGR of 4.8% from 2022 to 2032. It is expected to hold a share of US$ 35677.2 million in 2022. Due to the digital revolution occurring in a number of services, including R&D & Testing, Information Technology (IT), Telecom, and Internet, the worldwide multiprotocol storage market is anticipated to have considerable expansion over the forecast period.
Multiprotocol storage assists in planning overall storage capacity consumption, and provides support for server virtualization initiatives. It also offers a gateway approach, allowing enterprises to add a speciality file server to a storage system they already own, which results in extending the useful life of system and balanced usage of asset.
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Multiprotocol Storage Market: Drivers and Restraints
Factors such asreduced hardware requirements, lower capital expenditures for the enterprise, simple and centralized management of storage administration tasks compared to separate products, improved data availability and performance, and increased connectivity and utilization resulting in stable operational processes are driving the growth of multiprotocol storage market.
However, factors such as operational control limitations leading to reduced or variable storage performance, requirement of data backup strategy to avoid performance issues are hindering the growth of multiprotocol storage market.
Multiprotocol Storage Market: Regional Trends
North America region is the largest market for multiprotocol storage due to the presence of wide variety of end-user enterprises and competitive environment between them. In Europe, multiprotocol storage market is growing at a significant pace due to changing technology and industry landscape.
Multiprotocol storage market growth in Asia-Pacific region is at a considerable pace due to large scale outsourcing of data storage services in this region. Latin America and Middle East multiprotocol storage market is at an emerging stage due to rise in business demands and IT needs.
Multiprotocol Storage Market: Key Players
IBM Corporation, Cisco, NetApp, NTT Communications Corporation, EMC Corporation, Avere, Hewlett-Packard, and Zadara Storage some key players in multiprotocol storage market.
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Regional analysis for Multiprotocol Storage Market includes
- North America Multiprotocol Storage Market
- Latin America Multiprotocol Storage Market
- Western Europe Multiprotocol Storage Market
- Eastern Europe Multiprotocol Storage Market
- Japan Multiprotocol Storage Market
- Middle-East and Africa Multiprotocol Storage Market
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Regional analysis for Multiprotocol Storage Market includes
On the basis of deployment it can be sub-segmented into:
- Public cloud
- Private cloud
- Hybrid cloud
On the basis of type it can be sub-segmented into:
- Network attached storage
- Storage area network
- Computed storage
On the basis of end-user size it can be sub-segmented into:
- Small enterprises
- Medium enterprises
- Large enterprises
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