The global RAID controller card market was valued at around $2 billion in 2015 and is expected to reach almost $3 billion by 2020, says Technavio.
Technavio has announced its latest market research report on global RAID controller card market to its embedded systems portfolio. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the global RAID controller card market during the forecast period. Some of the top vendors listed in this industry analysis include Avago Technologies, Dell, Fujitsu, HP, and Intel.
In terms of geographical analysis, the Americas will be the largest region in the global market, occupying around 42% of the total market share by 2020. The construction of new data centers and consolidation of the existing ones in the US will lead to the growth of the market in the Americas during the forecast period.
“Containerized data centers are modular, and portable data centers that can be pre-installed in shipping containers and each module acts as a container which holds power, IT, and cooling equipment. These data centers are designed according to the varied demands of consumers. They are convenient in terms of installation, and their deployment takes less than six months. The cost of building and renovating a containerized data center facility is less compared to a traditional data center facility, and such data centers can be easily relocated from one location to another effortlessly. The ability to centrally manage these data centers will lead this market to grow at a CAGR of around 28% by 2019,” say Sunil Kumar Singh, a lead analyst at Technavio for research on embedded systems.
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The new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Increasing requirement for big data analytics
Many businesses use data from sensors that generate a huge amount of data in the minimum timeframe, and these data sources are required for different business applications. The use of big data analytics helps organize, structure, and store this data, and aids in decision making. These operations manage a high volume of information from different data centers, and better-performing RAID controller cards boost the analytics processes and increase the overall performance of the storage infrastructure. The emergence of mobile business or on-the-go business has augmented the need for efficient and fast storage systems for mobile devices and tablets. Enterprises are using data centers like FCoE SAN storage and NAS unified arrays for predictive and consumer analytics operation of the big data sets. Also, to store and structure big data, the enterprises will procure flash-based or hybrid storage arrays for high-performances and improved analytics.
Growing demand for cloud-based storage
Cloud-based storage solutions provide efficient results for organizations as they reduce costs, offer better scalability, and high availability of storage. The increasing amount of data generated by the adoption of IoT in business applications is making on-premise data storage very expensive and hard to manage. Many companies have opted for cloud storage provided by various service providers like Microsoft Azure, Amazon Web Service, and Google Cloud Platform. According to reports, in 2015, 65% of businesses have already implemented cloud computing to store and process critical data for daily operational activities. Cloud computing offers selections to archive and backup data online which aids organizations to access these data as per their requirement.
Higher adoption of data centers by the government
The increasing number of data centers established for government operations worldwide is changing the market landscape. The government organizations are adopting cloud-based services, big data analytics, and IoT in a lot of their processes, which is resulting in the need for improved data storage capacities. Many hosting companies and service providers are allocating server spaces to government agencies with benefits of modern technology like current infrastructure, cloud, and big data analytics to increase the number of these data centers across the globe.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global RAID Controller Card Market’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Baseband Processor Market 2016-2020
- Global GPU Market 2016-2020
- Global External Hard Disk Market 2016-2020
- Global Data Center Storage Market 2016-2020
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