The global multiprotocol storage market holds a forecasted share of USD 35677.2 million in 2022 and is likely to surpass USD 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) | USD 35677.2 million |
| Multiprotocol Storage Market Anticipated Forecast Value (2032) | USD 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.
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.
How is the Start-up Ecosystem in the Multiprotocol Storage Market?
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.
| 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 |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Value (US$ Million) Forecast by Deployment, 2017 to 2032
Table 3: Global Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 4: Global Market Value (US$ Million) Forecast by End-user Size, 2017 to 2032
Table 5: Global Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 6: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 7: North America Market Value (US$ Million) Forecast by Deployment, 2017 to 2032
Table 8: North America Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 9: North America Market Value (US$ Million) Forecast by End-user Size, 2017 to 2032
Table 10: North America Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 11: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 12: Latin America Market Value (US$ Million) Forecast by Deployment, 2017 to 2032
Table 13: Latin America Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 14: Latin America Market Value (US$ Million) Forecast by End-user Size, 2017 to 2032
Table 15: Latin America Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 16: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 17: Europe Market Value (US$ Million) Forecast by Deployment, 2017 to 2032
Table 18: Europe Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 19: Europe Market Value (US$ Million) Forecast by End-user Size, 2017 to 2032
Table 20: Europe Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 21: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 22: Asia Pacific Market Value (US$ Million) Forecast by Deployment, 2017 to 2032
Table 23: Asia Pacific Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 24: Asia Pacific Market Value (US$ Million) Forecast by End-user Size, 2017 to 2032
Table 25: Asia Pacific Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 26: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 27: Middle East and Africa Market Value (US$ Million) Forecast by Deployment, 2017 to 2032
Table 28: Middle East and Africa Market Value (US$ Million) Forecast by Type, 2017 to 2032
Table 29: Middle East and Africa Market Value (US$ Million) Forecast by End-user Size, 2017 to 2032
Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Figure 1: Global Market Value (US$ Million) by Deployment, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Type, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by End-user Size, 2022 to 2032
Figure 4: Global Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 5: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 6: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 9: Global Market Value (US$ Million) Analysis by Deployment, 2017 to 2032
Figure 10: Global Market Value Share (%) and BPS Analysis by Deployment, 2022 to 2032
Figure 11: Global Market Y-o-Y Growth (%) Projections by Deployment, 2022 to 2032
Figure 12: Global Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 13: Global Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 14: Global Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 15: Global Market Value (US$ Million) Analysis by End-user Size, 2017 to 2032
Figure 16: Global Market Value Share (%) and BPS Analysis by End-user Size, 2022 to 2032
Figure 17: Global Market Y-o-Y Growth (%) Projections by End-user Size, 2022 to 2032
Figure 18: Global Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 19: Global Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 20: Global Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 21: Global Market Attractiveness by Deployment, 2022 to 2032
Figure 22: Global Market Attractiveness by Type, 2022 to 2032
Figure 23: Global Market Attractiveness by End-user Size, 2022 to 2032
Figure 24: Global Market Attractiveness by Vertical, 2022 to 2032
Figure 25: Global Market Attractiveness by Region, 2022 to 2032
Figure 26: North America Market Value (US$ Million) by Deployment, 2022 to 2032
Figure 27: North America Market Value (US$ Million) by Type, 2022 to 2032
Figure 28: North America Market Value (US$ Million) by End-user Size, 2022 to 2032
Figure 29: North America Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 30: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 31: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 32: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 33: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 34: North America Market Value (US$ Million) Analysis by Deployment, 2017 to 2032
Figure 35: North America Market Value Share (%) and BPS Analysis by Deployment, 2022 to 2032
Figure 36: North America Market Y-o-Y Growth (%) Projections by Deployment, 2022 to 2032
Figure 37: North America Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 38: North America Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 39: North America Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 40: North America Market Value (US$ Million) Analysis by End-user Size, 2017 to 2032
Figure 41: North America Market Value Share (%) and BPS Analysis by End-user Size, 2022 to 2032
Figure 42: North America Market Y-o-Y Growth (%) Projections by End-user Size, 2022 to 2032
Figure 43: North America Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 44: North America Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 45: North America Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 46: North America Market Attractiveness by Deployment, 2022 to 2032
Figure 47: North America Market Attractiveness by Type, 2022 to 2032
Figure 48: North America Market Attractiveness by End-user Size, 2022 to 2032
Figure 49: North America Market Attractiveness by Vertical, 2022 to 2032
Figure 50: North America Market Attractiveness by Country, 2022 to 2032
Figure 51: Latin America Market Value (US$ Million) by Deployment, 2022 to 2032
Figure 52: Latin America Market Value (US$ Million) by Type, 2022 to 2032
Figure 53: Latin America Market Value (US$ Million) by End-user Size, 2022 to 2032
Figure 54: Latin America Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 55: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 56: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 57: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 58: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 59: Latin America Market Value (US$ Million) Analysis by Deployment, 2017 to 2032
Figure 60: Latin America Market Value Share (%) and BPS Analysis by Deployment, 2022 to 2032
Figure 61: Latin America Market Y-o-Y Growth (%) Projections by Deployment, 2022 to 2032
Figure 62: Latin America Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 65: Latin America Market Value (US$ Million) Analysis by End-user Size, 2017 to 2032
Figure 66: Latin America Market Value Share (%) and BPS Analysis by End-user Size, 2022 to 2032
Figure 67: Latin America Market Y-o-Y Growth (%) Projections by End-user Size, 2022 to 2032
Figure 68: Latin America Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 69: Latin America Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 70: Latin America Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 71: Latin America Market Attractiveness by Deployment, 2022 to 2032
Figure 72: Latin America Market Attractiveness by Type, 2022 to 2032
Figure 73: Latin America Market Attractiveness by End-user Size, 2022 to 2032
Figure 74: Latin America Market Attractiveness by Vertical, 2022 to 2032
Figure 75: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 76: Europe Market Value (US$ Million) by Deployment, 2022 to 2032
Figure 77: Europe Market Value (US$ Million) by Type, 2022 to 2032
Figure 78: Europe Market Value (US$ Million) by End-user Size, 2022 to 2032
Figure 79: Europe Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 80: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 81: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 82: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 83: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 84: Europe Market Value (US$ Million) Analysis by Deployment, 2017 to 2032
Figure 85: Europe Market Value Share (%) and BPS Analysis by Deployment, 2022 to 2032
Figure 86: Europe Market Y-o-Y Growth (%) Projections by Deployment, 2022 to 2032
Figure 87: Europe Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 88: Europe Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 89: Europe Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 90: Europe Market Value (US$ Million) Analysis by End-user Size, 2017 to 2032
Figure 91: Europe Market Value Share (%) and BPS Analysis by End-user Size, 2022 to 2032
Figure 92: Europe Market Y-o-Y Growth (%) Projections by End-user Size, 2022 to 2032
Figure 93: Europe Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 94: Europe Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 95: Europe Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 96: Europe Market Attractiveness by Deployment, 2022 to 2032
Figure 97: Europe Market Attractiveness by Type, 2022 to 2032
Figure 98: Europe Market Attractiveness by End-user Size, 2022 to 2032
Figure 99: Europe Market Attractiveness by Vertical, 2022 to 2032
Figure 100: Europe Market Attractiveness by Country, 2022 to 2032
Figure 101: Asia Pacific Market Value (US$ Million) by Deployment, 2022 to 2032
Figure 102: Asia Pacific Market Value (US$ Million) by Type, 2022 to 2032
Figure 103: Asia Pacific Market Value (US$ Million) by End-user Size, 2022 to 2032
Figure 104: Asia Pacific Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 105: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 106: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Deployment, 2017 to 2032
Figure 110: Asia Pacific Market Value Share (%) and BPS Analysis by Deployment, 2022 to 2032
Figure 111: Asia Pacific Market Y-o-Y Growth (%) Projections by Deployment, 2022 to 2032
Figure 112: Asia Pacific Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 113: Asia Pacific Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 114: Asia Pacific Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 115: Asia Pacific Market Value (US$ Million) Analysis by End-user Size, 2017 to 2032
Figure 116: Asia Pacific Market Value Share (%) and BPS Analysis by End-user Size, 2022 to 2032
Figure 117: Asia Pacific Market Y-o-Y Growth (%) Projections by End-user Size, 2022 to 2032
Figure 118: Asia Pacific Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 119: Asia Pacific Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 120: Asia Pacific Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 121: Asia Pacific Market Attractiveness by Deployment, 2022 to 2032
Figure 122: Asia Pacific Market Attractiveness by Type, 2022 to 2032
Figure 123: Asia Pacific Market Attractiveness by End-user Size, 2022 to 2032
Figure 124: Asia Pacific Market Attractiveness by Vertical, 2022 to 2032
Figure 125: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 126: Middle East and Africa Market Value (US$ Million) by Deployment, 2022 to 2032
Figure 127: Middle East and Africa Market Value (US$ Million) by Type, 2022 to 2032
Figure 128: Middle East and Africa Market Value (US$ Million) by End-user Size, 2022 to 2032
Figure 129: Middle East and Africa Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 130: Middle East and Africa Market Value (US$ Million) by Country, 2022 to 2032
Figure 131: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Deployment, 2017 to 2032
Figure 135: Middle East and Africa Market Value Share (%) and BPS Analysis by Deployment, 2022 to 2032
Figure 136: Middle East and Africa Market Y-o-Y Growth (%) Projections by Deployment, 2022 to 2032
Figure 137: Middle East and Africa Market Value (US$ Million) Analysis by Type, 2017 to 2032
Figure 138: Middle East and Africa Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 139: Middle East and Africa Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 140: Middle East and Africa Market Value (US$ Million) Analysis by End-user Size, 2017 to 2032
Figure 141: Middle East and Africa Market Value Share (%) and BPS Analysis by End-user Size, 2022 to 2032
Figure 142: Middle East and Africa Market Y-o-Y Growth (%) Projections by End-user Size, 2022 to 2032
Figure 143: Middle East and Africa Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 144: Middle East and Africa Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 145: Middle East and Africa Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 146: Middle East and Africa Market Attractiveness by Deployment, 2022 to 2032
Figure 147: Middle East and Africa Market Attractiveness by Type, 2022 to 2032
Figure 148: Middle East and Africa Market Attractiveness by End-user Size, 2022 to 2032
Figure 149: Middle East and Africa Market Attractiveness by Vertical, 2022 to 2032
Figure 150: Middle East and Africa Market Attractiveness by Country, 2022 to 2032
The multipurpose storage market is projected to grow by USD 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.
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