RAID controller card market 2022-2026: A descriptive analysis of five forces model, market dynamics, and segmentation - Technavio
NEW YORK, Jan. 30, 2023 /PRNewswire/ -- According to Technavio, the global RAID controller card market size is estimated to grow by USD 699.95 million from 2021 to 2026. The market is estimated to grow at a CAGR of 3.78%. Moreover, the growth momentum will accelerate. APAC will account for 40% of the growth of the global market during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. To know more, buy the report!
Global RAID controller card market - Five forces
The global RAID controller card market is fragmented, and the five forces analysis covers–
Bargaining power of buyers
The threat of new entrants
Threat of rivalry
Bargaining power of suppliers
Threat of substitutes
Interpretation of porter's five models helps to strategize the business, for entire details – Request a sample report
Global RAID controller card market – Customer landscape
The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global RAID controller card market - Segmentation assessment
Technavio has segmented the market based on product (hardware RAID and software RAID).
The hardware RAID segment will account for a significant share of the global market during the forecast period. Hardware RAID controller cards are integrated into the motherboard or as an add-on card. They have their own processors and memories to run RAID applications. The growth of this segment will be driven by factors such ass the emergence of storage devices such as SSDs and all-flash arrays (AFAs), data deduplication and compression, large capacity HDDs, a new data redundancy model, and the use of containers.
Based on geography, the global raid controller card market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global raid controller card market.
APAC will account for 40% of the market's growth during the forecast period. China and India are the region's key countries for the RAID controller card market. Moreover, market growth in this region will be faster than the growth of the market in other regions. The customer base of industries such as telecommunications and digital media grown in APAC, which will drive the RAID controller card market growth in the region during the forecast period
Global RAID controller card market – Market dynamics
Key factor driving market growth
The increasing adoption of cloud-based storage services is driving the global RAID controller card market growth.
The adoption of cloud-based storage services by enterprises is rising.
The use of such services enables the storage of collected data in data centers.
Data centers require servers and storage devices that are integrated with RAID controllers.
Therefore, the increasing adoption of cloud-based storage services will fuel the growth of the global RAID controller card market during the forecast period.
Leading trends influencing the market
The rising adoption of SSDs is a key trend in the market.
SSDs are flash-based storage devices with minimal power needs, which is increasing their adoption.
Several enterprises have adopted SSDs due to the declining cost of flash-based storage devices.
Moreover, companies that offer SSDs are focusing on technological advances.
The cost of flash-based storage is expected to decline during the forecast period, and several data center storage companies will switch to SSDs.
The transition toward SSDs will increase the demand for SSD RAID controller cards, which will support market growth during the forecast period.
Major challenges hindering market growth
The focus on the consolidation of data centers will challenge the global RAID controller card market growth.
Enterprises are focusing on reducing the size of their data centers using IaaS, which has led to the consolidation of data centers.
The virtualization of data centers also leads to consolidation, which reduces the total number of data centers.
These factors will impede the market growth during the forecast period.
Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!
What are the key data covered in this RAID controller card market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the RAID controller card market between 2022 and 2026
Precise estimation of the size of the RAID controller card market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the RAID controller card market across APAC, North America, Europe, Middle East and Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of RAID controller card market vendors
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RAID Controller Card Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 3.78%
Market growth 2022-2026
USD 699.95 million
YoY growth 2021-2022 (%)
APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution
APAC at 40%
US, China, India, UK, and Germany
Leading vendors, market positioning of vendors, competitive strategies, and industry risks
Key companies profiled
Advanced HPC Inc., Advantech Co. Ltd., Areca Technology Corp., Broadcom Inc., Cisco Systems Inc., Dell Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., HighPoint Inc., Huawei Technologies Co. Ltd., Intel Corp., International Business Machines Corp., Lenovo Group Ltd., Marvell Technology Inc., Microchip Technology Inc., NEC Corp., StarTech.com Ltd., Super Micro Computer Inc., and Vantec Thermal Technologies Inc.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
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Table of contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by Product
5.1 Market segments
5.2 Comparison by Product
5.3 Hardware RAID - Market size and forecast 2021-2026
5.4 Software RAID - Market size and forecast 2021-2026
5.5 Market opportunity by Product
6 Customer Landscape
6.1 Customer landscape overview
7 Geographic Landscape
7.1 Geographic segmentation
7.2 Geographic comparison
7.3 APAC - Market size and forecast 2021-2026
7.4 North America - Market size and forecast 2021-2026
7.5 Europe - Market size and forecast 2021-2026
7.6 Middle East and Africa - Market size and forecast 2021-2026
7.7 South America - Market size and forecast 2021-2026
7.8 US - Market size and forecast 2021-2026
7.9 China - Market size and forecast 2021-2026
7.10 UK - Market size and forecast 2021-2026
7.11 Germany - Market size and forecast 2021-2026
7.12 India - Market size and forecast 2021-2026
7.13 Market opportunity by geography
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
8.4 Market trends
9 Vendor Landscape
9.2 Vendor landscape
9.3 Landscape disruption
9.4 Industry risks
10 Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.3 Broadcom Inc.
10.4 Cisco Systems Inc.
10.5 Dell Inc.
10.6 Fujitsu Ltd.
10.7 Hewlett Packard Enterprise Co.
10.8 Huawei Technologies Co. Ltd.
10.9 Intel Corp.
10.10 International Business Machines Corp.
10.11 Lenovo Group Ltd.
10.12 NEC Corp.
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
11.3 Currency conversion rates for US$
11.4 Research methodology
11.5 List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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