WW RAID Controller Card Market to Grow by $700 Million from 2021 to 2026

According to Technavio, the global RAID controller card market size is estimated to grow by $699.95 million from 2021 to 2026. The market is estimated to grow at a CAGR of 3.78%.

Moreover, the growth momentum will accelerate. APAC will account for 40% of the growth of the global market during the forecast period.

The global RAID controller card market is fragmented, and the 5 forces analysis covers: 
• Bargaining power of buyers 
• The threat of new entrants
• Threat of rivalry
• Bargaining power of suppliers
• Threat of substitutes
• Interpretation of porter’s five models helps to strategize the business

Segment overview
The hardware RAID segment will account for a significant share of the global market during the forecast period. Hardware RAID controller cards are integrated into the motherboard or as an add-on card. They have their own processors and memories to run RAID applications. The growth of this segment will be driven by factors such ass the emergence of storage devices such as SSDs and AFAs, de-dupe and compression, large capacity HDDs, a new data redundancy model, and the use of containers.

Geography overview
APAC will account for 40% of the market’s growth during the forecast period. China and India are the region’s key countries for the RAID controller card market. Moreover, market growth in this region will be faster than the growth of the market in other regions. The customer base of industries such as telecommunications and digital media grown in APAC, which will drive the RAID controller card market growth in the region during the forecast period