By 2033, the Ethernet storage fabric market is expected to be valued US$6.5 billion. In the near future, a 13.1% CAGR is anticipated. By 2023, the value is expected to have increased to US$ 1.9 billion.
Ethernet storage fabrics are used by telecommunications companies to provide efficient data offloading and flow. The telecom industry is predicted to be valued US$2.5 trillion by 2033. These numbers demonstrate how much space there is in the market for Ethernet storage fabric.
The data center sector relies heavily on Ethernet storage fabric. By 2023, the global data center market is expected to have grown to $342 billion at a compound annual growth rate (CAGR) of 5%.
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In terms of technology, numerous firms and countries are investing significant sums in technological advancement. As a result, many manufacturers have invested millions of dollars in Artificial Intelligence.
The global artificial intelligence industry is predicted to grow at a nearly 40% CAGR through 2033. The ethernet storage fabric collaborates with artificial intelligence to improve the system’s speed, cost effectiveness, and adaptability. During the forecast period, these factors are projected to drive up demand for ethernet storage fabric.
Yet, high production costs, combined with the challenge to transition away from traditional systems, are projected to pose numerous concerns.
Thus, from the insights provided by FMI researchers, it can be inferred that ‘surging applications in telecommunication, data center, increasing government investments, and burgeoning demand for artificial intelligence is expected to surge the ethernet storage fabric market growth during the forecast period.’
Key Takeaways:
- In 2023, the market valuation is projected to be at US$ 1.9 billion.
- By 2033, the figures are expected to cross US$ 6.5 billion.
- The CAGR during the forecast period is projected to be 13.1%.
- Based on regional analysis, North America is expected to hold the dominant market share.
- The United States market is expected to record a CAGR of 12.9%.
- The United Kingdom market is projected to register a CAGR of 12.1%.
- China market is anticipated to post a CAGR of 12.5%.
- Japan market is projected to record a CAGR of 11.5%.
- Based on storage type, the block ethernet storage fabric segment is expected to lead the market and is projected to advance at a CAGR of 12.8%.
- Based on application, enterprise data centers are expected to hold the dominant market share and are anticipated to surge at a CAGR of 12.6%.
Competitive Landscape
With the market being bombarded by technological advancements, the key players are investing massive amounts in technological upgrades. To keep up pace with the evolving technology, the manufacturers are also investing huge amounts in research and development.
With huge investments in technology, manufacturers understand that it is important to maintain a balance between profit and the environment. Owing to this, they are also undertaking activities that solely focus on sustainable development. Apart from that, there are also steps being taken to involve in mergers and acquisitions, which are expected to increase the market share of the manufacturers.
Key developments in the ethernet storage fabric market are:
- In December 2022, Arista rolled out new products aimed at supporting next-generation computing.
- In February 2023, Huawei and China Unicom Guangdong won GSMA’s ‘5G productivity challenge’ award. The award is recognized for innovative capabilities in 5G.
Market Segmentation
By Storage Type:
- Block Ethernet Storage Fabric
- File Ethernet Storage Fabric
- Object Ethernet Storage Fabric
- Hyper-converged Ethernet Storage Fabric Infrastructure
By Device:
- Switches
- Adapters
- Controllers
By Switching Port:
- 10 GbE or 25 GbE
- 40 GbE to 50 GbE
- 100 GbE and above
By Application:
- Enterprise Data Centers
- Cloud Service Provider Data Centers
- Telecommunications
- Government
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East and Africa
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