Global Ethernet Storage Fabric Market to Reach $5.2 Billion by 2030
The global market for Ethernet Storage Fabric estimated at US$2.4 Billion in the year 2023, is expected to reach US$5.2 Billion by 2030, growing at a CAGR of 11.7% over the analysis period 2023-2030. Switches, one of the segments analyzed in the report, is expected to record a 12.7% CAGR and reach US$2.6 Billion by the end of the analysis period. Growth in the Adapters segment is estimated at 11.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $619.7 Million, While China is Forecast to Grow at 15.4% CAGR
The Ethernet Storage Fabric market in the U.S. is estimated at US$619.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2030 trailing a CAGR of 15.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.7% and 9.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$817.4 Million by the year 2030.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook