North America Storage Accelerator Market Size, Share & Industry Trends Analysis Report By Technology, By Processor Type (GPU, ASIC, CPU and FPGA), By Application, By Enterprise Size (Large Enterprises and SMEs), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Storage Accelerator Market would witness market growth of 28.5% CAGR during the forecast period (2022-2028).
Storage devices are crucial components of the hardware of a computer that stores data and information needed to process a computation's output. A computer cannot function or even start up without a storage device. One can define a storage device as a piece of hardware that is employed to store, transfer, or extract data files. Primary Storage devices attached to the CPU store program instructions, input information, and interim results.
On the other hand, secondary storage is memory that is kept off the computer's main memory bus. It is mostly employed for the long-term, permanent storage of programs and data. Secondary storage types include hard drives, CDs, DVDs, Pen/Flash drives, SSDs, and more. Secondary memory nowadays has been replaced by virtual or cloud storage. As long as users continue to pay for cloud storage, they are able to store the data and files in the cloud.
Users can pay rent for the quantity of space they require and gain a variety of advantages. The data and files are actually being saved in a physical equipment that is situated in the service provider's data centers, but the user is not involved in the equipment's upkeep. These types of developments mark the strength of innovations of storage devices that paved way for the development of storage accelerator.
Due to the rise in the frequency of hyperscale data centers, the United States presently has the most data centers per capita in the world and is experiencing rapid growth in both the volume of data traffic and big data. The nation's data center industry is also expanding dramatically as a result of the booming IT and telecom sectors. US Army Engineering and Support Center made the purchase of various HPC systems with over 5 PetaFLOPS of computing power and over 50 PetaBytes of mass storage archives.
The US market dominated the North America Storage Accelerator Market by Country in 2021; thereby, achieving a market value of $16.2 billion by 2028. The Canada market is experiencing a CAGR of 31.4% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 30.2% during (2022 - 2028).
Based on Technology, the market is segmented into NAND Flash Memory, Erasable Programmable Reas Only Memory (EPROM) and Others. Based on Processor Type, the market is segmented into GPU, ASIC, CPU and FPGA. Based on Application, the market is segmented into Data Center Servers, High-Performance Computing and Others. Based on Enterprise Size, the market is segmented into Large Enterprises and SMEs. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., IBM Corporation, Intel Corporation, Kingston Technology Company, Inc., Micron Technology, Inc., Nvidia Corporation, Qualcomm, Inc., Samsung Electronics Co., Ltd., Seagate Technology Holdings Public Limited Company and Kioxia Holdings Corporation.
Scope of the Study
Market Segments Covered in the Report:
- NAND Flash Memory
- Erasable Programmable Reas Only Memory (EPROM)
By Processor Type
- Data Center Servers
- High-Performance Computing
By Enterprise Size
- Large Enterprises
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Cisco Systems, Inc.
- IBM Corporation
- Intel Corporation
- Kingston Technology Company, Inc.
- Micron Technology, Inc.
- Nvidia Corporation
- Qualcomm, Inc.
- Samsung Electronics Co., Ltd.
- Seagate Technology Holdings Public Limited Company
- Kioxia Holdings Corporation
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