Fiber channel over Ethernet (FCoE) is a storage protocol that consolidates network data transmission and reduces the complexity of data centers. It condenses fiber channel frames into Ethernet frames, which can be easily transmitted across the network and increases reliability and productivity of the entire infrastructure.
Unsurprisingly, the Global Fiber Channel over Ethernet Market is booming, with a projected CAGR of 37.73 percent from 2013-2018.
In light of this impressive growth, TechNavio analysts have compiled a list of trends expected to significantly impact the FCoE market over the projected period.
Increased Adoption of FCoE in Cloud Computing
Due to massive uptake of cloud-based services, cloud computing now has an impact on just about every sphere in tech. This increased adoption is creating a need for high-speed data transmission mediums to be incorporated as core communication networks. Cloud computing service providers are looking for solutions that have lower jitter and increased efficiency compared to fiber networks, which is creating a need for FCoE solutions. Cloud computing also requires multiple data type transmissions to be supported on a single transmission medium, another factor that is leading to a higher demand for FCoE.
Evolution of FCoE Storage Networking
During the forecast period, the Global FCoE market is expected to witness the evolution of high-speed, low-latency, high-performance storage facilities being established that can store and retrieve data faster than ever. Currently, the data transmission capacity of core networks globally is being upgraded with FCoE technology, and, in the coming years, the technology will be implemented in company networks and computing peripherals. Although the technology requires rigorous testing, its implementation is already being witnessed in the networks of large companies.
Increasing Convergence of Enterprise Networks
Big companies around the world are experiencing an increase in the burden of managing and maintaining their networks. Because of this, they are looking at consolidating their computing equipment and facilities to a single centralized location, which will ease the management and monitoring of the enterprise infrastructure. With this convergence, the entire network traffic is routed from a single location, which creates the need for high-speed FCoE network components to be incorporated.
Growing Capacity of Core Communication Networks
Core communication networks are experiencing a rapid increase in content being transmitted across the networks and enterprise equipment as there has been a considerable increase in the computations being performed by end-users. To deal with growing digital content, core communication networks are being embedded with high-speed FCoE network components and technology. Companies and communication service providers are replacing older technological solutions with FCoE solutions to increase the productivity of the network.
These trends, as well as some key market drivers will continue to drive solid growth in the Fiber Channel over Ethernet Market through 2018.
