Global Fiber Channel Adapter Market 2017-2021
About Fiber Channel Adapter
Fiber channel adapters are hardware components that connect servers and storage area network (SAN). The adapters use PCI slots to connect to the server and SAN. These fiber channel components are used across several application areas such as data centers, and with growth in IT industry, the server infrastructure consolidation, using virtualization, reduces cost in the form of reduced demand for cooling, power and management costs, and lesser input-output bottlenecks are created. Furthermore, the accelerating growth of virtualized data centers is driving the demand for fiber channel storage, and along with it, fiber channel adapters, especially with 16GB Gen 5 Fiber Channel SANs.Technavio’s analysts forecast the global fiber channel adapter market to grow at a CAGR of 14.23% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global fiber channel adapter market for 2017-2021. To calculate the market size, the report considers the new sales value and exclude replacements and services market.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Fiber Channel Adapter Market 2017-2021
Technavio recognizes the following companies as the key players in the global fiber channel adapter market: Brocade Communications Systems, Cisco Systems, QLogic, and Broadcom.
Other Prominent Vendors in the market are: Arista Networks, Chelsio, CSPI, Intel, and Mellanox Technologies.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing adoption of virtualized computing environments. Virtualization and virtualized computing environments are rapidly being adopted by the enterprises and end-users across the world. Virtualized computing environments simulate multiple instances of the equipment over a single physical infrastructure, which increases the load of the data transmission mediums. Fiber channel adapters are being adopted in virtualized computing environments, which support all types of data to be transmitted on a single transmission medium. Furthermore, the adoption of fiber channel adapters will benefit the enterprises to adopt cloud-based applications since these mediums have a faster data transmission capability.”
According to the report, one of the major drivers for this market is Growing capacity of core communication networks. Core communication networks across the globe are experiencing a rapid increase in the content being transmitted across the networks, leading to a rise in enterprise equipment. In 2016 alone, the mobile data traffic grew more than 60% as compared to 2015. By the end of the year, more than 7 exabytes of data was being transmitted per month, on an average. The mobile data has grown more than 17 times in the last five years. There has been a considerable increase in a number of end-users for mobile data.
Further, the report states that one of the major factors hindering the growth of this market is Overdependence on component suppliers to meet end-user demand. The vendors of FC adapters solutions are facing a challenge in procuring the various components from third-party vendors. The switches and adapters have several components which need to be procured from third-party vendors that specialize in specific technologies. Any change in the inventory levels and change in lead time for the components can lead to a delay in manufacturing of the products. Since the market is very volatile and dependent on end-user demands, there is a chance that the vendors can lose their market share. Delays in product delivery and supply chain can also lead to losing business to competing vendors in the market. This challenge is common to all the markets where the components are procured from third-party vendors.
Brocade Communications Systems, Cisco Systems, QLogic, Broadcom, Arista Networks, Chelsio, CSPI, Intel, and Mellanox Technologies.