The global multiprotocol storage market holds a forecasted share of US$ 35677.2 million in 2022 and is likely to surpass US$ 56782.3 million by 2032, moving ahead with a CAGR of 4.8% during the forecast period (2022 to 2032).
The global multiprotocol storage market is expected to witness significant growth over the forecast period, owing to the digital transformation across several services such as Research and Development & Testing, Information Technology (IT), Telecom, and the Internet.
| Report Attribute | Details |
|---|---|
| Multiprotocol Storage Market Value (2022) | US$ 35677.2 million |
| Multiprotocol Storage Market Anticipated Forecast Value (2032) | US$ 56782.3 million |
| Multiprotocol Storage Market Projected Growth Rate (2022 to 2032) | 4.8% |
In multiprotocol storage, block-based access is integrated using serial-attached SCSI (SAS), Fibre Channel, and iSCSI, along with network-attached storage (NAS) or file-based access via NFS and CIFS.
In addition to assisting in planning overall storage capacity consumption, multiprotocol storage supports server virtualization. A gateway approach allows enterprises to add a specialty file server to an existing storage system. As a result, the service life of the system is extended, and assets are used more efficiently.
Gradually reducing the package size in the microelectronics industry has impacted the microcontroller socket market growth positively. Industry requirements, such as higher density, increased operating speed, and lower power, have driven packaging in the industry. This further led to an enhanced demand within the microcontroller socket market.
The analysis highlights the advancements in the multiprotocol storage market and the development rate. It also reveals the cohesive efforts, associations, joint endeavors, and regional development of the principal competitors on a global and commonplace scale.
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The upsurge in the consumption of goods over the past decade and the consumption trends are expected to be the important factors positively impacting the growth of the global multiprotocol storage market from 2022 to 2032.
Multiprotocol storage market growth is being driven by factors such as reduced hardware requirements, lower capital expenditures for the enterprise, easier and more centralized management of storage administration tasks, and more stable operational processes.
Several factors are hindering the growth of the multiprotocol storage market. These include operational control limitations, which cause reduced or variable storage performance, and backup strategies that are required to avoid performance issues.
North America region is the largest market for multiprotocol storage due to the presence of a wide variety of end-user enterprises and the competitive environment between them.
Due to rapid advancements in multiprotocol storage, North America is expected to capture the largest market share based on the current market scenario. It is likely to hold 37.8% of the total market share during the forecast period.
The multiprotocol storage business is growing at a significant pace due to changing technology and industry landscape.
The European regions are expected to have favorable growth, accounting for 24.1% of the global market share for the multipurpose storage market.
Multiprotocol storage market growth in the Asia-Pacific region is at a considerable pace due to the large-scale outsourcing of data storage services in this region. Latin America and the Middle East's multiprotocol storage market is at an emerging stage due to a rise in business demands and IT needs.
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In 2020, Fungible acquired the assets of Cloudistics, a cloud-software platform startup. In the long run, Fungible has overcome two major obstacles that are inefficient execution of data-centric computations within server nodes and the inefficient interchange of data among nodes.
NetApp pioneered multiprotocol systems with all its arrays adding Fibre Channel and then iSCSI connectivity options.
Pillar Data Systems, newcomer Pranah Storage Technologies and Reldata also offer NAS, Fibre Channel, and iSCSI in the same box.
Some of the key players in the multipurpose storage market are IBM Corporation, Cisco, NetApp, NTT Communications Corporation, EMC Corporation, Avere, Hewlett-Packard, and Zadara Storage.
The key companies are channelizing their capital towards the development of new products through intrinsic research and development activities. In addition to this, established players are promoting the use of multiprotocol storage by providing platforms for the development of IP SANs and NAS Systems.
IBM Storage Networking has designed a solution to scale to large enterprise deployments through scale-out server architecture with automated failover capability. These capabilities provide a resilient management system that centralizes infrastructure and path monitoring across geographically dispersed data centers.
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.8 % from 2022 to 2032 |
| Base Year for Estimation | 2022 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | By Type; By Segment; By Application; Region Forecast till 2032 |
| Countries Covered | North America; Europe; Asia Pacific Excluding Japan; Latin America; Middle East and Africa |
| Key Companies Profiled | IBM Corporation; Cisco; NetApp; NTT Communications Corporation; EMC Corporation; Avere; Hewlett-Packard; Zadara Storage |
| Customization | Available Upon Request |
The multipurpose storage market is projected to grow by US$ 35677.2 million in 2022.
Some of the key players in the multiprotocol storage market are IBM Corporation, Cisco, NetApp, NTT Communications Corporation, and EMC Corporation.
The North American region dominates the multiprotocol storage market.
The multiprotocol storage market is expected to grow at a CAGR of 4.8% from 2022 to 2032.
1. Executive Summary | Multiprotocol Storage Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ Million) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Deployment 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Deployment, 2017 to 2021 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment, 2022 to 2032 5.3.1. Public Cloud 5.3.2. Private Cloud 5.3.3. Hybrid Cloud 5.4. Y-o-Y Growth Trend Analysis By Deployment, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Deployment, 2022 to 2032 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Type, 2017 to 2021 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2022 to 2032 6.3.1. Network Attached Storage 6.3.2. Storage Area Network 6.3.3. Computed Storage 6.4. Y-o-Y Growth Trend Analysis By Type, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By Type, 2022 to 2032 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-user Size 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By End-user Size, 2017 to 2021 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End-user Size, 2022 to 2032 7.3.1. Small Enterprises 7.3.2. Medium Enterprises 7.3.3. Large Enterprises 7.4. Y-o-Y Growth Trend Analysis By End-user Size, 2017 to 2021 7.5. Absolute $ Opportunity Analysis By End-user Size, 2022 to 2032 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vertical 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) Analysis By Vertical, 2017 to 2021 8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Vertical, 2022 to 2032 8.3.1. BSFI 8.3.2. IT and Telecommunications 8.3.3. Transportation and Logistics 8.3.4. Manufacturing 8.3.5. Government and Defence 8.3.6. E-commerce 8.3.7. Healthcare 8.3.8. Energy and Utilities 8.3.9. Retail 8.3.10. Media and Entertainment 8.3.11. Others 8.4. Y-o-Y Growth Trend Analysis By Vertical, 2017 to 2021 8.5. Absolute $ Opportunity Analysis By Vertical, 2022 to 2032 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Million) Analysis By Region, 2017 to 2021 9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. Asia Pacific 9.3.5. Middle East and Africa 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. USA 10.2.1.2. Canada 10.2.2. By Deployment 10.2.3. By Type 10.2.4. By End-user Size 10.2.5. By Vertical 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Deployment 10.3.3. By Type 10.3.4. By End-user Size 10.3.5. By Vertical 10.4. Key Takeaways 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. Brazil 11.2.1.2. Mexico 11.2.1.3. Rest of Latin America 11.2.2. By Deployment 11.2.3. By Type 11.2.4. By End-user Size 11.2.5. By Vertical 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Deployment 11.3.3. By Type 11.3.4. By End-user Size 11.3.5. By Vertical 11.4. Key Takeaways 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. United Kingdom 12.2.1.3. France 12.2.1.4. Spain 12.2.1.5. Italy 12.2.1.6. Rest of Europe 12.2.2. By Deployment 12.2.3. By Type 12.2.4. By End-user Size 12.2.5. By Vertical 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Deployment 12.3.3. By Type 12.3.4. By End-user Size 12.3.5. By Vertical 12.4. Key Takeaways 13. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.1.4. Malaysia 13.2.1.5. Singapore 13.2.1.6. Australia 13.2.1.7. Rest of Asia Pacific 13.2.2. By Deployment 13.2.3. By Type 13.2.4. By End-user Size 13.2.5. By Vertical 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Deployment 13.3.3. By Type 13.3.4. By End-user Size 13.3.5. By Vertical 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of Middle East and Africa 14.2.2. By Deployment 14.2.3. By Type 14.2.4. By End-user Size 14.2.5. By Vertical 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Deployment 14.3.3. By Type 14.3.4. By End-user Size 14.3.5. By Vertical 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. United Kingdom 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2021 15.1.2.1. By Deployment 15.1.2.2. By Type 15.1.2.3. By End-user Size 15.1.2.4. By Vertical 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2021 15.2.2.1. By Deployment 15.2.2.2. By Type 15.2.2.3. By End-user Size 15.2.2.4. By Vertical 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2021 15.3.2.1. By Deployment 15.3.2.2. By Type 15.3.2.3. By End-user Size 15.3.2.4. By Vertical 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2021 15.4.2.1. By Deployment 15.4.2.2. By Type 15.4.2.3. By End-user Size 15.4.2.4. By Vertical 15.5. Rest of Latin America 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2021 15.5.2.1. By Deployment 15.5.2.2. By Type 15.5.2.3. By End-user Size 15.5.2.4. By Vertical 15.6. Germany 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2021 15.6.2.1. By Deployment 15.6.2.2. By Type 15.6.2.3. By End-user Size 15.6.2.4. By Vertical 15.7. United Kingdom 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2021 15.7.2.1. By Deployment 15.7.2.2. By Type 15.7.2.3. By End-user Size 15.7.2.4. By Vertical 15.8. France 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2021 15.8.2.1. By Deployment 15.8.2.2. By Type 15.8.2.3. By End-user Size 15.8.2.4. By Vertical 15.9. Spain 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2021 15.9.2.1. By Deployment 15.9.2.2. By Type 15.9.2.3. By End-user Size 15.9.2.4. By Vertical 15.10. Italy 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2021 15.10.2.1. By Deployment 15.10.2.2. By Type 15.10.2.3. By End-user Size 15.10.2.4. By Vertical 15.11. Rest of Europe 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2021 15.11.2.1. By Deployment 15.11.2.2. By Type 15.11.2.3. By End-user Size 15.11.2.4. By Vertical 15.12. China 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2021 15.12.2.1. By Deployment 15.12.2.2. By Type 15.12.2.3. By End-user Size 15.12.2.4. By Vertical 15.13. Japan 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2021 15.13.2.1. By Deployment 15.13.2.2. By Type 15.13.2.3. By End-user Size 15.13.2.4. By Vertical 15.14. South Korea 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2021 15.14.2.1. By Deployment 15.14.2.2. By Type 15.14.2.3. By End-user Size 15.14.2.4. By Vertical 15.15. Malaysia 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2021 15.15.2.1. By Deployment 15.15.2.2. By Type 15.15.2.3. By End-user Size 15.15.2.4. By Vertical 15.16. Singapore 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2021 15.16.2.1. By Deployment 15.16.2.2. By Type 15.16.2.3. By End-user Size 15.16.2.4. By Vertical 15.17. Australia 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2021 15.17.2.1. By Deployment 15.17.2.2. By Type 15.17.2.3. By End-user Size 15.17.2.4. By Vertical 15.18. Rest of Asia Pacific 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2021 15.18.2.1. By Deployment 15.18.2.2. By Type 15.18.2.3. By End-user Size 15.18.2.4. By Vertical 15.19. GCC Countries 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2021 15.19.2.1. By Deployment 15.19.2.2. By Type 15.19.2.3. By End-user Size 15.19.2.4. By Vertical 15.20. South Africa 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2021 15.20.2.1. By Deployment 15.20.2.2. By Type 15.20.2.3. By End-user Size 15.20.2.4. By Vertical 15.21. Israel 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2021 15.21.2.1. By Deployment 15.21.2.2. By Type 15.21.2.3. By End-user Size 15.21.2.4. By Vertical 15.22. Rest of the Middle East and Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2021 15.22.2.1. By Deployment 15.22.2.2. By Type 15.22.2.3. By End-user Size 15.22.2.4. By Vertical 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Deployment 16.3.3. By Type 16.3.4. By End-user Size 16.3.5. By Vertical 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. IBM Corporation 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.2. Cisco 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.3. NetApp 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.4. NTT Communications Corporation 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.5. Dell 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.6. Avere 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.7. Hewlett-Packard 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.8. Zadara Storage 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Multiprotocol Storage Market
