Home / Market Reports / Electronics & Semiconductor / Global Redundant Array of Independent Disks (RAID) Market Growth (Status and Outlook) 2023-2029

Global Redundant Array of Independent Disks (RAID) Market Growth (Status and Outlook) 2023-2029

Global Redundant Array of Independent Disks (RAID) Market Growth (Status and Outlook) 2023-2029

Product Code:458399

Published Date: Feb 08,2023

Pages: 103

Region: Global

Category: Electronics & Semiconductor

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RAID (originally redundant array of inexpensive disks, now commonly array of independent disks) is a data storage virtualization technology that combines multiple physical disk drive components into a single logical unit for the purposes of data redundancy, performance improvement, or both.

Data is distributed across the drives in one of several ways, referred to as RAID levels, depending on the required level of redundancy and performance. The different schemas, or data distribution layouts, are named by the word RAID followed by a number, for example RAID 0 or RAID 1. Each schema, or RAID level, provides a different balance among the key goals: reliability, availability, performance, and capacity. RAID levels greater than RAID 0 provide protection against unrecoverable sector read errors, as well as against failures of whole physical drives.

LPI (LP Information)' newest research report, the “Redundant Array of Independent Disks (RAID) Industry Forecast” looks at past sales and reviews total world Redundant Array of Independent Disks (RAID) sales in 2022, providing a comprehensive analysis by region and market sector of projected Redundant Array of Independent Disks (RAID) sales for 2023 through 2029. With Redundant Array of Independent Disks (RAID) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Redundant Array of Independent Disks (RAID) industry.

This Insight Report provides a comprehensive analysis of the global Redundant Array of Independent Disks (RAID) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Redundant Array of Independent Disks (RAID) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Redundant Array of Independent Disks (RAID) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Redundant Array of Independent Disks (RAID) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Redundant Array of Independent Disks (RAID).

The global Redundant Array of Independent Disks (RAID) market size is projected to grow from US$ 5341.2 million in 2022 to US$ 8150.9 million in 2029; it is expected to grow at a CAGR of 6.2% from 2023 to 2029.

The major players in global Redundant Array of Independent Disks (RAID) market include Broadcom(Avago Technologies), Intel, Dell, etc. The top 3 players occupy about 50% shares of the global market. North America and Europe are main markets, they occupy about 60% of the global market. Hardware RAID Card is the main type, with a share about 90%. Internet Industry is the main application, which holds a share about 30%.

This report presents a comprehensive overview, market shares, and growth opportunities of Redundant Array of Independent Disks (RAID) market by product type, application, key players and key regions and countries.

Market Segmentation:
Segmentation by type
    Hardware RAID Card
    Software RAID Card

Segmentation by application
    Internet Industry
    Service Industry
    Manufacturing Industry
    Financial
    Government
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Broadcom(Avago Technologies)
    Intel
    Dell
    Fujitsu
    HP
    IBM
    Lenovo
    Microsemi
    Supermicro
    Areca Technology Corporation