Storage system configured to collaborate with host device to implement dynamically adaptive input-output timeout values

A computer program product comprising a non-transitory processor-readable storage medium having stored therein program code of one or more software programs, wherein the program code, when executed by at least one processing device comprising a processor coupled to a memory, causes the at least one processing device:

• to receive in a storage system from at least one host device at least first and second different input-output timeout values for respective first and second different logical storage devices of the storage system;
• to store the received input-output timeout values in association with respective identifiers of the first and second logical storage devices in at least one data structure of the storage system;
• and
• to control processing of input-output operations, received in the storage system from the at least one host device and targeting respective ones of the first and second logical storage devices, based at least in part on the corresponding input-output timeout values stored in the at least one data structure of the storage system.

A method comprising:

• receiving in a storage system from at least one host device at least first and second different input-output timeout values for respective first and second different logical storage devices of the storage system;
• storing the received input-output timeout values in association with respective identifiers of the first and second logical storage devices in at least one data structure of the storage system;
• and
• controlling processing of input-output operations, received in the storage system from the at least one host device and targeting respective ones of the first and second logical storage devices, based at least in part on the corresponding input-output timeout values stored in the at least one data structure of the storage system.