Storage Accelerator Market is projected to reach $154.95 billion by 2030

The global storage accelerator market size was valued at $10.72 billion in 2020, and is projected to reach $154.95 billion by 2030, growing at a CAGR of 27.1% from 2021 to 2030. A storage accelerator is a high-performance solid-state storage subsystem realized on a peripheral component interconnect express (PCIe) card. Usually, in storage accelerator, a fast solid-state memory is used as the storage medium, which removes the slow read/write performance and mechanical latency of traditional mechanical storage devices.

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The growth of the global storage accelerator market is anticipated to be driven by factors such as increasing penetration of connected factories, smart cities, AI-centric data centers, and related digital age technologies. In addition, multi-cloud infrastructure and edge computing to move toward digital transformation boost the overall market growth. However, high cost of AI hardware acts as a major restraint of the global storage accelerator industry. On the contrary, rising demand among enterprises to accelerate deep learning, artificial intelligence, and high-performance computing workloads is expected to create lucrative opportunities for the storage accelerator industry.

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Key Benefits For Stakeholders

This study comprises analytical depiction of the global storage accelerator market along with the current trends and future estimations to depict the imminent investment pockets.
The overall storage accelerator market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current storage accelerator market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
Porter's five forces analysis illustrates the potency of the buyers and the storage accelerator market share of key vendors.
The report includes the market trends and the market share of key vendors.
 Storage Accelerator Market Report Highlights

Aspects Details
BY PROCESSOR TYPE
CPU
GPU
ASIC
FPGA
BY TECHNOLOGY
NAND flash memory
Erasable Programmable Read Only Memory (EPROM)
Others
BY ENTERPRISE SIZE
Small & Medium Enterprises
Large Enterprises
BY APPLICATION
High-Performance Computing
Data Center Servers
Others
BY REGION
North America (U.S., Canada, Mexico)
Europe (UK, Germany, France, Italy, Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
Key Market Players Cisco Systems, Inc., International Business Machines Corporation (IBM), INTEL CORPORATION, KINGSTON TECHNOLOGY COMPANY, INC., MICRON TECHNOLOGY, INC., NVIDIA CORPORATION., Qualcomm Technologies, Inc., SAMSUNG ELECTRONICS CO. LTD. (SAMSUNG), SEAGATE TECHNOLOGY LLC, KIOXIA HOLDINGS CORPORATION (TOSHIBA CORP.)

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