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Server Storage Area Network Market Expected to Reach USD 63.79 Billion by 2030: Market Research Future (MRFR)

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New York, US, April 25, 2023 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Server Storage Area Network Market Analysis By Component, by Services, by Type, and by Organization – Forecast till 2030”, market valuation is poised to reach USD 63.79 Billion by 2030, registering a 37.8% CAGR throughout the forecast period (2022–2030).

Drivers

The growth of the server SAN market can be attributed to the increasing demand for high-performance storage solutions to handle large volumes of data generated by organizations. The rise of cloud computing, big data analytics, and artificial intelligence (AI) are also driving factors for the growth of the market.

Challenges

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However, the server SAN market faces several challenges, including the high cost of implementation and maintenance of server SAN solutions, the lack of skilled professionals to manage and maintain server SAN solutions, and the increasing threat of cyber-attacks and data breaches.

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Report Scope:

Report Metrics Details
Market Size by 2030 USD 63.79 Billion
CAGR during 2022-2030 37.8%
Base Year 2021
Forecast 2022-2030
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Market Drivers One of the major factors contributing to the growth of server storage area network is the higher adoption of data centers for improved data storage management.

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Market Segmentation

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The global server SAN market is segmented by component, organization size, industry vertical, and region. By component, the market is segmented into hardware, software, and services. By organization size, the market is segmented into large enterprises and SMEs. By industry vertical, the market is segmented into BFSI, healthcare, retail, manufacturing, IT and telecom, and others.

Regional Analysis

The global server SAN market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to dominate the market during the forecast period due to the presence of several key players in the region and the increasing adoption of server SAN solutions by organizations to handle large volumes of data.

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Industry Trends

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One of the key trends in the server SAN market is the increasing use of flash-based storage solutions to improve performance and reduce latency. Another trend is the adoption of software-defined storage (SDS) solutions that enable organizations to optimize their storage infrastructure and reduce costs.

Key Players

Some of the key players operating in the server SAN market include Dell Technologies, Hewlett Packard Enterprise Development LP, Hitachi Ltd., Huawei Technologies Co. Ltd., IBM Corporation, Lenovo Group Ltd., NetApp Inc., Nutanix Inc., Pure Storage Inc., and Western Digital Corporation.

Recent Developments and Opportunities

In recent years, several developments have been made in the server SAN market. For instance, in October 2022, Hewlett Packard Enterprise Development LP announced the launch of its new server SAN solution, HPE Nimble Storage dHCI, which provides enterprise-level storage capabilities for hybrid cloud environments. Similarly, in August 2021, NetApp Inc. announced the launch of its new SDS solution, NetApp ONTAP, which enables organizations to optimize their storage infrastructure and reduce costs.
There are several opportunities in the server SAN market, including the increasing adoption of flash-based storage solutions, the adoption of SDS solutions, and the development of server SAN solutions for SMEs.

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In conclusion, the server SAN market is expected to reach USD 25.6 billion by 2028 due to the increasing demand for high-performance storage solutions to handle large volumes of data generated by organizations. However, the market also faces several challenges that need to be addressed. The adoption of flash-based storage solutions and SDS solutions present significant opportunities for the growth of the market.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.

The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development. 
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference. 
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
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CGTN: China honors individuals with highest awards in celebration of 75th National Day

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.

The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
 

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Kazakhstan Government Delegation Visited SUPCON

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HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.

The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
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