The RAID Controller Card Market is being driven by Rise in adoption of cloud computing
The RAID Controller Card Market is expected to grow at a CAGR of 4.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1037.2 million. In the business world, the shift towards Solid State Drives (SSDs) as a storage solution is gaining momentum due to their energy efficiency and declining costs. Enterprises are increasingly adopting SSDs, resulting in a surge in demand for RAID controller cards. These cards offer crucial features for SSDs, including support for multiple drive configurations, error correction, and power loss protection. Huawei Technologies, among other companies, is focusing on technological advancements, such as NVMe over Internet Protocol (IP) SSDs with on-drive object storage schemes, further fueling the market for RAID controller cards.
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The market is segmented based on segments_for_ai.nslist
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
216 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.4% |
Market growth 2025-2029 |
USD 1037.2 million |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
4.3 |
Key countries |
US, China, Canada, India, Japan, Germany, Saudi Arabia, South Korea, UK, and UAE |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
A RAID controller card, also known as a disk array controller or storage controller, is a vital component in data storage infrastructure. It manages and controls the connection of disk drives to a computer system, enabling the use of RAID technology for data usability, protection, and virtualization. RAID controllers support various RAID levels, redundancy characteristics, and interface architectures. They come with functions such as native cache, RAM cache, and host bus adapter, ensuring data availability, uptime, and backups even during drive failures. Specialized software and hardware-based RAID solutions offer additional data protection and features, making RAID controller cards an essential component in any data storage environment.
The RAID controller card market is a significant segment of the broader communications equipment industry. This market encompasses the production of disk array controllers, a crucial storage component, which facilitates the management and organization of disk drives within a RAID infrastructure. Technavio, a leading market research firm, calculates the size of the communications equipment market by evaluating the revenue generated from the sales of communication equipment, broadcasting equipment, and telecommunication equipment, as well as investments made by service providers in enhancing their communication infrastructure. The RAID controller card market growth is primarily fueled by the expanding number of data centers, with hyperscalers investing heavily in the construction of new facilities and the expansion of existing ones.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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