The report forecasts the global RAID controller card market to grow at a CAGR of 6.45% during the period 2016-2020.
Increasing popularity of flash-based storage will be a key trend for market growth. SSD storage or flash storage offers greater efficiency than traditional HDD storage devices. In 2015, the cost of flash-based storage was greater than that of HDD-based storage arrays. Vendors are continuously decreasing their product prices due to the increased demand for storage infrastructure in the market. With the increased use of mission-critical applications, flash-based storage arrays offer 40 times better than hard disk input/output (I/O) performance and around 50% reduction in power consumption.
Due to the higher cost involved in procuring flash-based storage systems, it will experience a higher growth in large and mega data centers. However, the price of these systems will drop by 5%-10% YoY, resulting in an increased demand for flash storage during the period 2018-2020. The overall market will experience a steady growth in the adoption of flash and traditional storage systems, where flash will add more revenue in the coming years.
According to the report, increasing number of government data centers will be a key driver for market growth. ICT has become the backbone of many government operations across countries. Over the past decade, many government agencies worldwide have established data centers for their operations. In the US, almost all the state and local government agencies operate data centers that are located across the country. This trend is spreading worldwide along with the increase in the adoption of cloud-based services, big data analytics, and the IoT.
Further, the report states that erasure coding is a strategy for data protection in which data is broken into parts, extended, and encoded with repetitive data pieces and put away over an arrangement of different areas or capacity media.
- Avago Technologies
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/dhhlwk/global_raid
Related Topics: Hardware
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-raid-controller-card-market-2016-2020---increase-in-demand-for-cloud-based-storage---research-and-markets-300328804.html
SOURCE Research and Markets