COVID-19: RAID Controller Battery Market 2020-2024 | Rising Demand For Data Center Colocation Facilities to boost the Market Growth

The raid controller battery market and it is poised to grow by $ 54.25 mn during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Areca Technology Corp., Broadcom Inc., Cisco Systems Inc., Dell Technologies Inc., Fujitsu Ltd., HP Inc., Intel Corp., International Business Machines Corp., Lenovo Group Ltd., and Microchip Technology Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Rising demand for data center colocation facilities has been instrumental in driving the growth of the market. However, consolidation of data centers might hamper the market growth.

AID Controller Battery Market 2020-2024: Segmentation

RAID Controller Battery Market is segmented as below:

• Type
• Lithium-ion
• Nickel-Cadmium
• Geography
• APAC
• North America
• Europe
• South America
• MEA

RAID Controller Battery Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The raid controller battery market report covers the following areas:

• RAID Controller Battery Market Size
• RAID Controller Battery Market Trends
• RAID Controller Battery Market Industry Analysis

This study identifies increasing demand for cloud-based services as one of the prime reasons driving the RAID controller battery market growth during the next few years.