Raid Controller Card Market Size, Share, Growth, and Industry Analysis, By Type (Hardware RAID, Software RAID and Others), By Application (Internet Industry, Service Industry, Manufacturing Industry, Financial, Government and Others), Regional Insights, and Forecast To 2032

Updated On: 22 April 2024

RAID CONTROLLER CARD MARKET REPORT OVERVIEW

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global raid controller card market size was USD 2785.17 million in 2022 and the market is projected to touch USD 3649.15 million by 2032, at CAGR 2.7% during the forecast period.

A hardware element that controls several hard drives to form a RAID array is a RAID (Redundant Array of Independent Disks) controller card. Several disk drives can be combined into a single logical unit using the RAID technology in order to improve performance, redundancy of data, or both. The disks in the array must operate in unison under the direction of the RAID controller card. Growing requirements for data storage, the popularity of cloud computing and big data analytics, the necessity for fault tolerance solutions, and the need for high-performance, low-latency network infrastructure are the main factors propelling this industry.

COVID-19 Impact: Pandemic Surged Remote IT Infrastructure and Increased Demand for Data Storage to Inflate the Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

A lot of companies have strengthened and reevaluated their IT infrastructure in response to the shift toward remote work. As a result, there may be a greater need for storage solutions—possibly even RAID controller cards—to guarantee data availability, integrity, and efficiency in remote or hybrid work settings. The need for data storage solutions has surged due to the growing acceptance of remote work and the increased dependence on digital services. As businesses make investments in storage infrastructure to handle growing data volumes, this increasing demand may have an impact on the RAID controller card market.

LATEST TRENDS

"Rising Adoption of SSDs as a Booming Trend to Advance Up the Market Growth"

Hard disk drives (HDDs) and Solid State Drives (SSDs) are becoming more common and less expensive, and RAID controller cards are changing to accommodate both types of drives. Hybrid storage solutions, which mix SSD speed and HDD capacity, are becoming more and more popular. Because SSDs are flash-based storage devices with low power requirements, businesses are using them more and more. The decreasing cost of flash-based storage systems has led to the use of SSDs by numerous organizations.For example, Huawei Technologies declared that it was concentrating on creating an NVMe over IP SSD with an on-drive object storage system. Therefore, during the forecast period, these factors are anticipated to propel the expansion of the worldwide RAID controller card market.

RAID CONTROLLER CARD MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into hardware RAID, software RAID and others.

A physical component that resides within a computer and controls the storage arrays connected to it is called a hardware RAID card. It acts as a bridge between the host system and the array's disks, enhancing performance and ensuring fault tolerance. All of the drives in the array are also monitored by the card for health issues. Software RAID Cards are a specific kind of card that offer software-based RAID capabilities, enabling storage management and configuration through the BIOS of the system. Compared to hardware controllers, software RAID offers several benefits, such as being more affordable, having more flexibility (raid levels can be changed without having to replace pricey hardware components), allowing users to configure their own arrays without being restricted by a vendor, and supporting the majority of industry-standard drive interfaces, such as SCSI or SATA.

• By Application

Based on application the global market can be categorized into internet industry, service industry, manufacturing industry, financial, government and others.

In the internet sector, a RAID controller card is utilized to increase performance and offer redundancy. Usually, to construct a RAID array, hard drives are combined with a RAID card. Better speed and fault tolerance are offered compared to a single disk drive.The card is also used to store data in the service sector.When a lot of data needs to be manually recovered from storage devices, it can speed up the process and save days or even months of time. Financial institutions utilize the card to increase storage device performance and offer fault tolerance. It enables several disks to function as a single volume by grouping them together. In the event of a disk failure, this offers protection against data loss and improved performance.

DRIVING FACTORS

"Increasing Cloud Storage Mechanism to Aid the Market Sales"

Enterprises are increasingly utilizing cloud-based storage services. Microsoft Azure and Amazon Web Services (AWS) are two of the biggest providers of cloud storage services. Up to 30 terabytes (TB) of storage space are offered by these services. Numerous businesses have increased the scope of their cloud operations. For instance, in 2020, Accenture introduced Accenture Cloud First, a $3 billion initiative, to assist clients from a variety of industries in quickly moving their operations on digital platforms. Therefore, throughout the projected period, the growing utilisation of cloud-based storage services is anticipated to propel the expansion of the worldwide RAID controller card market.

"Data Storage, Protection and Redundancy to Accelerate  the Market Growth"

Businesses' and individuals' exponentially increasing data output is fueling the need for effective and scalable storage solutions. In order to build dependable, high-performance storage arrays to satisfy these expanding data storage needs, RAID controller cards are essential. RAID controller card development is being impacted by the introduction of sophisticated storage technologies, such as Non-Volatile Memory Express (NVMe) drives. Faster data access and reduced latency are made possible by NVMe support, which enhances system performance in general. RAID controller cards are in high demand because of their capacity to offer data protection and redundancy, given the significance of data availability and integrity. Fault tolerance is provided by RAID levels like mirroring (RAID 1) and striping with parity (RAID 5), which guarantee data integrity even in the event that one or more disks fail.

RESTRAINING FACTORS

"Complexity of Configuration and Compatibility Issues to Impede the Market Growth"

RAID CONTROLLER CARD MARKET REGIONAL INSIGHTS

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"North America to Rule Over with High Demand from Various Media Streaming Services and Online Gaming"

KEY INDUSTRY PLAYERS

"Major Industry Participants Using innovation and market expansion to shape the market"

Prominent market players have a crucial role in shaping consumer preferences and market dynamics, exerting a significant influence on the market. Because of the vast retail networks and online platforms of these massive firms, customers have easy access to a wide number of garment options. Their well-known brand and powerful worldwide presence have enhanced product uptake while also fostering consumer loyalty and confidence. These titans of the business also routinely invest in R&D to modify electric heating wire to meet changing customer needs and preferences. The outcome is innovative features, materials, and designs for the product. The combined efforts of these huge corporations have a substantial impact on the market's future trajectory and level of competition.

List of Market Players Profiled

• Intel Corp. (U.S.)
• Fujitsu Ltd. (Japan)
• Dell Technologies Inc. (U.S.)
• Hewlett Packard Enterprise Co. (U.S.)
• Broadcom Inc. (U.S.)
• Cisco Systems Inc. (U.S.)
• IBM (Lenovo) (U.S.)
• Microchip Technology Inc. (U.S.).

INDUSTRIAL DEVELOPMENT

• March 2022: IBM introduced the first cloud solution in the industry that manages keys in hybrid and multi-cloud systems. This will assist businesses in reducing the dangers that insider threats and cyberattacks pose to sensitive data.

REPORT COVERAGE

The study contains a full SWOT analysis as well as forecasts for future market expansion. It investigates a wide range of market categories and potential applications that may have an impact on the market's trajectory in the coming years, as well as significant factors that contribute to the market's growth. The study provides a thorough review of the market's components and identifies potential growth prospects by considering both historical turning points and current trends.