Market Overview:
The global redundant arrays of independent drives (RAID) market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for data storage and rising need for data security. RAID is used to protect data from loss or corruption in case of hard drive failure. It also helps improve performance and capacity by combining multiple hard drives into a single logical volume. The RAID market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into software-based array and hardware-based RAID. Hardware-based RAID offers better performance as compared to software-based array due to its faster processing speed and dedicated hardware controller card that offloads CPU utilization from host system resources. On the basis of application, it can be classified into heavy industry, business, and others (government & defense, healthcare). Heavy industry accounted for the largest share in 2017 owing to increased adoption across various industries such as automotive manufacturing, aerospace & defense etc.
Product Definition:
Redundant Arrays of Independent Drives (RAID) is a technology that combines multiple hard drives into one or more arrays, allowing for greater data storage capacity and improved performance. RAID can be used to protect against hard drive failure, improve performance, or both.
Software Based Array:
Software Based Array (SBA) is a type of redundant array which is used to increase the storage capacity of computer systems. It's an extension to the standard SCSI architecture and provides an efficient means for adding drives without increasing complexity or cost.
Software Based Array, it's usage and growth factor in Redundant Arrays of Independent Drives market, by region, 2012 - 2022 -> The global software based array market size was valued at USD 1.37 billion in 2014.
Hardware-based RAID:
RAID (Redundant Array of Independent Disks) is a storage technology that combines the advantages of both software and hardware RAID. It was initially developed by IBM for its PC-based Enterprise Systems. The technology allows the organization to use multiple disk drives as an efficient means of storing data, which can be used in case of a failure or if additional capacity is required.
Hardware-based RAID.
Application Insights:
The heavy industry segment dominated the market in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing demand for storage from industrial applications such as oil & gas, mining, and manufacturing. Moreover, growing adoption of redundant arrays of independent drives by major players such as EMC Corporation; NetApp Inc.; IBM Corporation; HP Enterprise Services Pvt. Ltd.; Lenovo Group Ltd.; Cisco Systems, Inc.; Dell Technologies LLC; and others are contributing towards segment growth.
The business application segment is expected to witness significant growth over the forecast period owing to rising demand from medium-sized businesses (SMBs) across all regions coupled with availability of a wide range of solutions at affordable prices without compromising on quality or performance levels offered by these solutions.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising demand from manufacturing, business process outsourcing (BPO), and other industries in countries such as China, India, Japan, South Korea, Australia among others.
Increasing usage of data storage devices coupled with growing IT infrastructure spending by companies has led to a significant increase in the number of high-speed redundant arrays across this region. Moreover increasing investments by cloud service providers have also contributed significantly towards market growth across this region. For instance; Amazon Web Services Inc., IBM Corporation; Google LLC; Microsoft Corporation; Hewlett Packard Enterprise Development LP.; Red Hat Inc.; among others are some of the prominent players that are investing heavily in cloud computing solutions thereby driving industry growth across this region.
Growth Factors:
- Increasing demand for data storage: The global data storage market is expected to grow at a CAGR of 9.5% from 2016 to 2020, reaching USD 122.8 billion by 2020. This is driven by the growth in big data and the need for efficient storage solutions to manage it.
- Growing popularity of cloud-based services: Cloud-based services are growing in popularity as they offer flexibility, scalability, and cost-effectiveness. This is driving the demand for storage capacity, which in turn is boosting the market for RAIDs.
- Proliferation of IoT devices: The number of IoT devices is growing rapidly and this is putting pressure on organizations to find efficient ways to store all the data generated by these devices. RAIDs offer an ideal solution for this problem and are thus likely to see strong growth in demand in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Redundant Arrays of Independent Drives Market Research Report
By Type
Software Based Array, Hardware-based RAID
By Application
Heavy Industry, Business, Others
By Companies
Microsoft, StoneFly, CP Technologies, Dell, Acronis, ProMAX
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Redundant Arrays of Independent Drives Market Report Segments:
The global Redundant Arrays of Independent Drives market is segmented on the basis of:
Types
Software Based Array, Hardware-based RAID
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Heavy Industry, Business, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Microsoft
- StoneFly
- CP Technologies
- Dell
- Acronis
- ProMAX
Highlights of The Redundant Arrays of Independent Drives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software Based Array
- Hardware-based RAID
- By Application:
- Heavy Industry
- Business
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Redundant Arrays of Independent Drives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Redundant arrays of independent drives (RAID) are a storage technology that uses multiple hard drives to improve data reliability. When two or more hard drives fail, the RAID can continue to function correctly by reading from the remaining hard drive(s).
Some of the major companies in the redundant arrays of independent drives market are Microsoft, StoneFly, CP Technologies, Dell, Acronis, ProMAX.
The redundant arrays of independent drives market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Redundant Arrays of Independent Drives Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Redundant Arrays of Independent Drives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Redundant Arrays of Independent Drives Market - Supply Chain
4.5. Global Redundant Arrays of Independent Drives Market Forecast
4.5.1. Redundant Arrays of Independent Drives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Redundant Arrays of Independent Drives Market Size (000 Units) and Y-o-Y Growth
4.5.3. Redundant Arrays of Independent Drives Market Absolute $ Opportunity
5. Global Redundant Arrays of Independent Drives Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Redundant Arrays of Independent Drives Market Size and Volume Forecast by Type
5.3.1. Software Based Array
5.3.2. Hardware-based RAID
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Redundant Arrays of Independent Drives Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Redundant Arrays of Independent Drives Market Size and Volume Forecast by Application
6.3.1. Heavy Industry
6.3.2. Business
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Redundant Arrays of Independent Drives Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Redundant Arrays of Independent Drives Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Redundant Arrays of Independent Drives Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Redundant Arrays of Independent Drives Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Redundant Arrays of Independent Drives Demand Share Forecast, 2019-2026
9. North America Redundant Arrays of Independent Drives Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Redundant Arrays of Independent Drives Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Redundant Arrays of Independent Drives Market Size and Volume Forecast by Application
9.4.1. Heavy Industry
9.4.2. Business
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Redundant Arrays of Independent Drives Market Size and Volume Forecast by Type
9.7.1. Software Based Array
9.7.2. Hardware-based RAID
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Redundant Arrays of Independent Drives Demand Share Forecast, 2019-2026
10. Latin America Redundant Arrays of Independent Drives Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Redundant Arrays of Independent Drives Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Redundant Arrays of Independent Drives Market Size and Volume Forecast by Application
10.4.1. Heavy Industry
10.4.2. Business
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Redundant Arrays of Independent Drives Market Size and Volume Forecast by Type
10.7.1. Software Based Array
10.7.2. Hardware-based RAID
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Redundant Arrays of Independent Drives Demand Share Forecast, 2019-2026
11. Europe Redundant Arrays of Independent Drives Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Redundant Arrays of Independent Drives Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Redundant Arrays of Independent Drives Market Size and Volume Forecast by Application
11.4.1. Heavy Industry
11.4.2. Business
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Redundant Arrays of Independent Drives Market Size and Volume Forecast by Type
11.7.1. Software Based Array
11.7.2. Hardware-based RAID
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Redundant Arrays of Independent Drives Demand Share, 2019-2026
12. Asia Pacific Redundant Arrays of Independent Drives Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Redundant Arrays of Independent Drives Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Redundant Arrays of Independent Drives Market Size and Volume Forecast by Application
12.4.1. Heavy Industry
12.4.2. Business
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Redundant Arrays of Independent Drives Market Size and Volume Forecast by Type
12.7.1. Software Based Array
12.7.2. Hardware-based RAID
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Redundant Arrays of Independent Drives Demand Share, 2019-2026
13. Middle East & Africa Redundant Arrays of Independent Drives Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Redundant Arrays of Independent Drives Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Redundant Arrays of Independent Drives Market Size and Volume Forecast by Application
13.4.1. Heavy Industry
13.4.2. Business
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Redundant Arrays of Independent Drives Market Size and Volume Forecast by Type
13.7.1. Software Based Array
13.7.2. Hardware-based RAID
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Redundant Arrays of Independent Drives Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Redundant Arrays of Independent Drives Market: Market Share Analysis
14.2. Redundant Arrays of Independent Drives Distributors and Customers
14.3. Redundant Arrays of Independent Drives Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Microsoft
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. StoneFly
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CP Technologies
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dell
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Acronis
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ProMAX
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
