The ‘Global Redundant Array of Independent Disks (RAID) 2023-2028’ Market Report and Forecast by Expert Research Market provides a comprehensive view of the global world redundant array of independent disk drives (RAID).assessing the market on the basis of its segments such as levels, types, end-uses and key regions.
The report studies the latest updates in the market along with their impact on the market. It also analyzes market demand, along with price and demand indicators. The report also tracks the market based on SWOT and Porter’s Five Forces models.
Highlights of the report include:
Market Overview (2018-2028)
Forecast CAGR (2023-2028): 3.5%
A redundant array of independent disks (RAID) strengthens the convenience of computer consumers by improving the safety of failure, increasing the speed and efficiency of data access and increasing reliability. In addition, RAID facilitates exchange and can easily replace a faulty drive with a new one. The growing demands for improving the performance of a drive, enhancing data security, and facilitating the data recovery process, among others, are driving the growth of the redundant array of independent disks (RAID) market.
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RAID is experiencing increased demand in the IT and telecommunications sectors due to increasing data volumes. The low costs associated with RAID are further driving system adoption in various end-use industries.
During the forecast period, anticipated growth in the application of RAID technology in direct access storage (DAS), network attached storage (NAS), and storage area networks (SAN) devices is likely to add to the market growth global. These technologies are applicable in various industries where the demand for systems with large storage capacity is high. The increasing popularity of RAID version 5 is expected to add to the growth of the independent disk drive (RAID) market.
Regionally, North America represents a significant share of the market, driven by rapid digitization in various end-use sectors. The growing expansion of key data storage players aiming to enhance data storage capabilities to meet end-user requirements is further fueling the market growth in the region.
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Meanwhile, the Asia Pacific region is projected to achieve steady growth over the forecast period owing to the booming IT industry and growing corporate workforce. The redundant independent disk (RAID) market in this region is anticipated to gain from the anchored economic growth achieved by emerging economies such as India and China, among others, which are offering lucrative growth opportunities for major storage service providers. of data.
Redundant Array of Independent Disks (RAID) Industry Definition and Key Segments
Redundant array of independent disks (RAID) refers to a technology aimed at configuring disks. Using this technology, a user can store data in several locations on a device. RAID contains multiple drives in the form of an array, which boosts overall performance, increases fault tolerance, and increases storage capacity using mirroring or tape methods.
Based on the levels, the market can be divided into:
RAID 0
RAID 1
RAID 5
RAID 6
RAID 10
Others
The market can be broadly categorized on the basis of type into:
Hardware
Software
By end use, the market is segmented into:
Manufacturing
BFSI
IT and Telecommunications
Others
On the basis of region, the market can be categorized into:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Redundant Array of Independent Disks (RAID) Market Trends.
Key trends in the redundant array of independent disks (RAID) market include strong advances in fast storage technology that supports different versions of RAID. For example, the latest versions of fast storage technology developed by Intel support RAID versions 0, 1 5 and 10.
The increasing penetration of the Internet of Things across developing economies and the growing demand for high-performance laptops and PCs are positively impacting the market for RAID. In addition, increasing availability of high-speed internet and growing volume of data in various industries such as IT and telecommunication and manufacturing, among others, are fueling the demand of the redundant array of independent disks (RAID).
The growing competition among leading BFSI firms is increasing the use of big data analytics, artificial intelligence and cloud computing, thereby increasing the involvement of data structures. In this regard, BFSI companies are expected to shift their focus towards RAID 5 and RAID 10 for better data handling and efficient information access for customers and employees.
Growing demand for redundant array of independent disks (RAID) for fraud detection and data security across banking and financial firms is likely to drive the market over the forecast period.
Major market players
Key Players in the Redundant Array of Independent Disks (RAID) Market Report are:
Intel Corporation
Lenovo Group Limited
Fujitsu Limited
Hewlett Packard Enterprise Development LP
Others
The report covers market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other recent developments of these market players.
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