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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Redundant Array of Independent Disks (RAID) Market Outlook
The global redundant array of independent disks (RAID) market is expected to grow at a CAGR of about 3.5% in the forecast period of 2024-2032.
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North America Leading the Redundant Array of Independent Disks (RAID) Market
North America is the leading region for RAID owing to the successful management of a wide range of end-user companies and the competitive climate between them. RAID market in the Asia Pacific region is also anticipated to witness substantial growth rate in the future due to the growing demand for data storage by companies in the region. In Europe, the RAID market is rising at a substantial pace due to an increase in business demand and IT needs. The RAID market in Latin America and the Middle East are at a developing level.
Redundant Array of Independent Disks (RAID): Market Segmentation
RAID (redundant collection of independent discs) is a data storage virtualization technology that incorporates multiple physical disc drive components into a single logical data redundancy, performance enhancement, or often both. RAID uses a disc mirroring or disc stripping technique that involves partitioning the storage space of the drive into units ranging from sector (512 bytes) to several megabytes. RAID provides a gateway to store the same data at different locations on several hard discs, resulting in data mirroring on one or more discs in the same series, so that if one disc fails, the data is stored. By putting data on multiple discs, input/output (I/O) operations provide the ability to read or write to more than one disc at the same time in a balanced way to boost performance.
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Based on level, the market can be divided as follows:
- RAID 0
- RAID 1
- RAID 5
- RAID 6
- RAID 10
- Others
The types of the product include the following:
- Hardware
- Software
It finds end-use in the following sectors:
- Manufacturing
- BFSI
- IT and Telecommunications
- Others
The regional markets for redundant array of independent disks (RAID) can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand from End-Users Bolstering the Market Growth
Increasing demand for the storage capacity of digital content and ease of deployment of data storage operations are major factors propelling the growth of the RAID industry. In addition, factors including the availability of data backup in the event of device failure in businesses, low costs involved in data-containing disc mirroring, ensured data reliability are aiding the market growth.
Key Industry Players in the Global Redundant Array of Independent Disks (RAID) Market
The report gives a detailed analysis of the following key players in the global redundant array of independent disks (RAID) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Intel Corporation
- Lenovo Group Limited
- Fujitsu Limited
- Hewlett Packard Enterprise Development LP
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Levels |
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| Breakup by Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of nearly 3.5% in the forecast period of 2024-2032.
The growth of the market is being driven by factors like rising population, growing urbanisation, the availability of data backup in the case of device failure in businesses, low costs involved in data-containing disc mirroring, ensured data reliability, and the rising demand from the end-use sectors.
Rise in business and IT demands is an industry trend likely to boost the market growth.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with North America accounting for the largest market share.
The levels can be segmented into RAID 0, RAID 1, RAID 5, RAID 6, and RAID 10, among others.
The types of the product can be divided into hardware and software.
It finds end-uses in manufacturing, BFSI, and IT and telecommunications, among others.
The leading players in the market are Intel Corporation, Lenovo Group Limited, Fujitsu Limited, and Hewlett Packard Enterprise Development LP, among others.
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