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2021
Storage Accelerator Market

Storage Accelerator Market

By Processor Type (CPU, GPU, ASIC, and FPGA), Technology (NAND Flash Memory, Erasable Programmable Read Only Memory (EPROM), and Others), Enterprise Size (Small & Medium Enterprises and Large Enterprises), and Application (High-Performance Computing, Data Center Servers, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
Update Available On-Demand

Report Code: A13785
Pages: 260
Sep 2021 | 1244 Views
Author(s) : N N Kundan, Asavari Patil , Vineet Kumar
Tables: 144
Charts: 85
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COVID-19

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Storage Accelerator Market outlook - 2030   

The global storage accelerator market size was valued at $10.72 billion in 2020, and is projected to reach $154.95 billion by 2030, growing at a CAGR of 27.1% from 2021 to 2030. A storage accelerator is a high-performance solid-state storage subsystem realized on a peripheral component interconnect express (PCIe) card. Usually, in storage accelerator, a fast solid-state memory is used as the storage medium, which removes the slow read/write performance and mechanical latency of traditional mechanical storage devices. 

The data center segment has been positively impacted by the emergence of COVID-19 pandemic.

The growth of the global storage accelerator market is anticipated to be driven by factors such as increasing penetration of connected factories, smart cities, AI-centric data centers, and related digital age technologies. In addition, multi-cloud infrastructure and edge computing to move toward digital transformation boost the overall market growth. However, high cost of AI hardware acts as a major restraint of the global storage accelerator industry. On the contrary, rising demand among enterprises to accelerate deep learning, artificial intelligence, and high-performance computing workloads is expected to create lucrative opportunities for the storage accelerator industry. 

Storage-Accelerator-Market-2021-2030

Segmentation Review

The global storage accelerator market is segmented into processor type, technology, enterprise size, application, and region. By processor type, the market is classified into CPU, GPU, ASIC, and FPGA. Depending on technology, it is categorized into NAND flash memory, erasable programmable read only memory (EPROM), and others. The enterprise sizes covered in the study include small & medium enterprises and large enterprises. On the basis of application, the market is fragmented into high-performance computing, data center servers, and others. 

Storage Accelerator Market
By Processor Type

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FPGA segment will grow at a highest CAGR of 29.7%during 2021 - 2030.

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Region-wise, the storage accelerator market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and the rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America dominated the market in 2020, and is projected to register significant growth rate during the forecast period, owing to growth in data center servers. However, Asia-Pacific is expected to witness significant growth rate by the end of the forecast period, followed by LAMEA.

Leading storage accelerator market manufacturers, such as Intel Corporation, Cisco Systems, Inc., and IBM Corporation, are focusing on their investment on technologically advanced, cost-effective, and more secure products & solutions for various applications.   

Storage Accelerator Market
By Technology

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NAND flash memory Segment holds a dominant position throughout the forecast period.

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Top Impacting Factors

The prominent factors that impact the storage accelerator market growth are surge in cloud-based services and increase in expansion of data centers. In addition, rapid digitalization across the globe drives the market. However, lack of skilled AI hardware worker restricts the market growth. On the contrary, high demand for FPGA-based accelerators and growth of the IT & telecom sector are expected to create lucrative opportunities for the market.

Storage Accelerator Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific would exhibit the highest CAGR of 30.4% during 2021-2030

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Covid-19 Impact Analysis

  • The outbreak of COVID-19 has significantly affected the electronics and semiconductor sector. Business and manufacturing units across various countries were closed, owing to increase in number of COVID-19 cases, and are expected to remain close in 2021. Furthermore, partial or complete lockdown has disrupted global supply chain posing challenges for manufacturers to reach customers.
  • The COVID-19 pandemic is impacting the society and overall economy across the globe. The impact of this outbreak is growing day-by-day as well as affecting the overall business globally. The crisis is creating uncertainty in the stock market and is resulting in falling business confidence, massive slowing of supply chain, and increasing panic among the customer segments.
  • Asian and European countries under lockdowns have suffered major loss of business and revenue due to shutdown of manufacturing units. The operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 pandemic, which further impacted the growth of the storage accelerator market.
  • In addition, the COVID-19 pandemic has impacted the electronics sector, as production facilities have stalled, which, in turn, boosted the demand for electronics and semiconductor products in industries. Its major impact includes large manufacturing interruption across Europe and interruption in Chinese parts exports, which may hinder the market. 

Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global storage accelerator market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall storage accelerator market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current storage accelerator market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency. 
  • Porter’s five forces analysis illustrates the potency of the buyers and the storage accelerator market share of key vendors.
  • The report includes the market trends and the market share of key vendors.

Storage Accelerator Market Report Highlights

Aspects Details
BY PROCESSOR TYPE
  • CPU
  • GPU
  • ASIC
  • FPGA
BY TECHNOLOGY
  • NAND flash memory
  • Erasable Programmable Read Only Memory (EPROM)
  • Others
BY ENTERPRISE SIZE
  • Small & Medium Enterprises
  • Large Enterprises
BY APPLICATION
  • High-Performance Computing
  • Data Center Servers
  • Others
BY REGION
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Cisco Systems, Inc., International Business Machines Corporation (IBM), INTEL CORPORATION, KINGSTON TECHNOLOGY COMPANY, INC., MICRON TECHNOLOGY, INC., NVIDIA CORPORATION., Qualcomm Technologies, Inc., SAMSUNG ELECTRONICS CO. LTD. (SAMSUNG), SEAGATE TECHNOLOGY LLC, KIOXIA HOLDINGS CORPORATION (TOSHIBA CORP.)
 

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The global storage accelerator market is flourishing at a rapid pace. However, high initial investment is still a concern for new entrants. Market players are generously investing in R&D activities to develop improved components to reduce overall costs of storage accelerator products. According to industry experts, it is essential to optimize affordable prices for storage accelerator products for long-term growth.

The growth of the global storage accelerator market is anticipated to be driven by factors such as increasing penetration of connected factories, smart cities, AI-centric data centers, and related digital age technologies. In addition, multi-cloud infrastructure and edge computing to move toward digital transformation boost the overall market growth. However, high cost of AI hardware acts as a major restraint of the global storage accelerator industry. On the contrary, rising demand among enterprises to accelerate deep learning, artificial intelligence, and high-performance computing workloads is expected to create lucrative opportunities for the storage accelerator industry.

The key players of the market focus on introducing technologically advanced products to remain competitive in the market. Product launch and acquisition are expected to be the prominent strategies adopted by the market players. North America accounted for a major share of the market in 2020, owing to the presence of major players in the region; However, Asia-Pacific is expected to grow at the highest CAGR, owing to rise in adoption of storage accelerator in a variety of fields.

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FREQUENTLY ASKED QUESTIONS?

A. The Storage Accelerator Market is estimated to grow at a CAGR of 27.1% from 2021 to 2030.

A. The Storage Accelerator Market is projected to reach $154.95 billion by 2030.

A. To get the latest version of sample report

A. Factors such as surge in cloud-based services and increase in expansion of data centers drives the growth of the Storage Accelerator market

A. The key players profiled in the report include Cisco Systems Inc., IBM Corporation, Intel Corporation, Kingston Technology Corp., Micron Technology, Inc., NVIDIA Corporation, Qualcomm Technologies, Inc., Samsung Electronics Co. Ltd., Seagate Technology PLC, and Toshiba Corp and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Storage Accelerator Market is segmented on the basis of processor type, technology, enterprise size, application and region.

A. The key growth strategies of Storage Accelerator market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. NAND flash memory Segment holds a dominant position throughout the forecast period.

A. FPGA segment will grow at a highest CAGR of 29.7%during 2021 - 2030.

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