Press release
RAID (Redundant Array of Independent Disks) Market Projected to Garner Significant Revenues by 2025 -end
RAID (redundant array of independent disks) is a data storage virtualization technology which is an integration of multiple physical disk drive components into a single logical unit for the data redundancy, performance improvement, or sometimes both. RAID incorporates the technique of disk mirroring or disk striping, which involves partition of drive's storage space into units ranging from a sector (512 bytes) up to several megabytes. RAID provides a gateway to store the same data in different places on multiple hard disks, which results into data mirroring on one or more disks in the same array, so that if one disk fails, the data is preserved. By placing data on multiple disks, input/output (I/O) operations offer the option of reading or writing to more than one disk at the same time in a balanced way, for improved performance.
Depending on the desired balance between performance and fault tolerance, RAID devices use different architectures mentioned as RAID levels. RAID levels describe how data is distributed across the drives.
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RAID (Redundant Array of Independent Disks) Market: Drivers and Restraints
Rising demand for storage capacity of digital content and Ease of deployment of data storage operations, are major factors driving the growth of RAID market. Moreover factors such as availability of data backup in the event of system failure in enterprises, low cost involved in mirroring of disk containing data, ensured data reliability result in the growth of RAID market.
However, high implementation cost of certain RAID levels, complex operational task involved, and lack of skilled employees for maintenance of RAID are some factors restraining the growth of RAID market.
RAID (Redundant Array of Independent Disks) Market: Segmentation
RAID market can be segmented on the basis of RAID levels, type, end-user vertical, and region wise. On the basis of levels, it can be further segmented into RAID 0, RAID 1, RAID 5, RAID 6, and RAID 10. On the basis of type it can be categorized into hardware RAID card and software RAID card. By end user vertical, it can be sub-segmented into Manufacturing, BFSI, IT and Telecommunications, Internet, and Others. Region wise, RAID market can be segmented into North America, Latin America, Asia Pacific, Japan, Eastern Europe, Western Europe, and Middle East & Africa.
RAID (Redundant Array of Independent Disks) Market: Regional Overview
North America region is the largest market for RAID owing to effective business management of wide variety of end-user enterprises and competitive environment between them. RAID market growth in Asia-Pacific region is expected to show a considerable growth rate in the future due to increasing demand of data storage by enterprises in this region. In Europe, RAID market is growing at a significant pace due to rise in business demands and IT needs. Latin America and Middle East RAID market is at an emerging stage.
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RAID (Redundant Array of Independent Disks) Market: Key Players
IBM Corporation, Intel Corporation, Broadcom (Avago Technologies), Dell, FUJITSU, HP, Lenovo, Microsemi, Supermicro, and Areca Technology Corporation are some of the key players in the RAID market.
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