Top Companies Leading the Growth of Global Redundant Array of Independent Disks (RAID) Market

Intel Corporation, Lenovo Group Limited, Fujitsu Limited, and Hewlett Packard Enterprise Development LP, among others, are the significant players in the global market for redundant array of independent disks (RAID).

As per the analysis by Expert Market Research, the global redundant array of independent disks (RAID) market is expected to grow at a CAGR of about 3.5% in the forecast period of 2022-2027, owing to the increasing demand for digital content storage capacity.

RAID is a virtualisation method for data storage that combines numerous physical disc drive parts into a single logical data redundancy, speed boost, or typically both. A sector (512 bytes) or many gigabytes can be used as one unit of storage space in the disc mirroring technique known as RAID.

RAID offers a gateway to store the same data at various places on several hard disks, resulting in data mirroring on one or more of the same series so that if one disk fails, the data is stored in another disk. Input/output (I/O) activities offer the ability to read or write to more than one disk simultaneously in a balanced manner to improve performance. The increasing need for digital content storage capacity and easy deployment of data storage operations are the key drivers of redundant array of independent disks market. Additionally, factors like availability of data backup in case of device failure in companies, low costs associated with data-containing disk mirroring, and guaranteed data dependability are propelling the market growth.

For example, Intel developed a new type of non-volatile memory with Intel® Optane persistent memory. It offers an unmatched mix of low cost and data durability, making it suitable for in-memory databases associated with AI applications and high-speed computing (HPC). They are pioneering inexpensive, high-performance storage solutions with Intel® Optane Solid State Drives (SSDs) and Intel® QLC 3D NAND SSDs.

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Top 4 Global Redundant Array of Independent Disks (RAID) Companies:

Intel Corporation

Based in Santa Clara, California's Silicon Valley, Intel is a global corporation and technology company owned by Americans. It is the creator of the x86 microprocessor family, which powers the majority of personal computers, and is the largest semiconductor chip manufacturer in the world in terms of revenue (PCs). Additionally, Intel manufactures graphics processors, motherboard chipsets, embedded processors, integrated circuits and network interface controllers, flash memory, and other electronic devices for communication and computing.

Lenovo Group Limited

Lenovo Group Limited is a Chinese multinational technology company with its main office in Hong Kong. The company designs, develops, manufactures, and sells personal computers, supercomputers, tablet computers, smartphones, workstations, servers, electronic storage devices, IT management software, and smart TVs as of 2021.

Fujitsu Limited

A Japanese multinational firm, Fujitsu Limited creates and markets products and services related to information and communication technologies. The main focus of Fujitsu's hardware solutions, which include x86, SPARC, and mainframe compatible server products, is on consumer and business computing. The business and its affiliates also provide a range of goods and services in the fields of air conditioning, advanced microelectronics, and data storage.

Hewlett Packard Enterprise Development LP

Hewlett Packard Enterprise Development LP provides IT infrastructure services and products. The business provides solutions for networking, cloud computing, data storage, servers, and systems. Customer service is provided by Hewlett Packard Enterprise Development globally.