Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global Storage Accelerator Market size is expected to reach $64.2 billion by 2028, rising at a market growth of 29.4% CAGR during the forecast period.
The NAND Flash Memory market is leading the Global Storage Accelerator Market by Technology in 2021; thereby, achieving a market value of $41.4 billion by 2028. Non-volatile memory, such as NAND (NOT-AND logic gate) flash memory, can store data without the need for electricity. In order for flash memory to contend with magnetic storage technologies like hard discs, it has been a priority of NAND flash innovation to lower the cost per bit and raise maximum chip capacity.
The CPU market is experiencing a CAGR of 29.6% during (2022 - 2028). With a central processing unit (CPU), each distinct set of instructions can be carried out by each processor or core using parallel computing and a design known as multiple instructions, multiple data (MIMD). By dividing the task into several smaller tasks and carrying them out concurrently in parallel, all can be completed in one clock cycle.
The Data Center Servers market is showcasing high revenue share in the Global Storage Accelerator Market by Application in 2021; thereby, achieving a market value of $34.0 billion by 2028. Accelerators for data centers are pieces of hardware created specifically for processing visual data. It is a piece of hardware that boosts a computer's overall performance. Datacenter accelerators aid in increasing consumer-driven data consumption and the utilization of AI-based products to fuel demand for data centers focused on AI. These accelerators boost the efficiency of data centers.
The SMEs market is anticipated to witness a CAGR of 32% during (2022 - 2028). Numerous SMEs have a larger ratio of virtual machines and a higher number of virtual machines for each host, and fewer alternatives for addressing the storage performance issue. The need for data movement automation and storage accelerators arise as SME IT administrators frequently lack the time or resources needed to fully utilize high performance SSD storage technology.
The North America market dominated the Global Storage Accelerator Market by Region in 2021; thereby, achieving a market value of $22.4 billion by 2028. The Europe market is poised to grow at a CAGR of 29.1% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 29.9% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Processor Type
By Enterprise Size
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