Storage Adapter Market

Storage Adapter Market Outlook (2023 to 2033)

The Global Storage Adapter Market accounted for a value of US$ 10.53 billion in 2022 and is expected to reach US$ 25.54 billion by the end of 2033, expanding rapidly at a CAGR of 8.5% during the forecast period (2023 to 2033).

Storage adapters are devices that allow for the connection between storage devices and computer systems. These adapters serve as a bridge between different types of storage devices and the computer's motherboard, enabling data transfer and storage. The usability and need of storage adapters vary depending on the storage devices and the computer's specifications.

One of the main reasons for the usability of storage adapters is to increase the flexibility and scalability of the storage devices connected to a computer system. For instance, with the use of storage adapters, it is possible to connect multiple hard drives, solid-state drives, or even cloud-based storage devices to a computer system. This flexibility provides users with the ability to store large amounts of data, access it quickly and efficiently, and transfer data between different storage devices.

• Sales of storage adapters accounted for 15% share of the global network devices market in 2022.
• North America is the leading market with a share of 26.8% in 2022, mainly due to its large and mature IT infrastructure that has created a huge demand for storage adapters.

North America is home to some of the world's largest IT companies, which have helped drive the demand for storage adapters. The presence of these large companies has enabled the region to develop a competitive market for storage adapters, which has helped drive down prices and increase product availability.

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Why is Demand for Storage Adapters Surging Across the World?

“Rapid Adoption of Cloud Computing Solutions Driving Demand for Storage Adapters”

Rapid adoption of cloud computing solutions is expected to drive the growth of the storage adapter market as more companies move their IT infrastructure to the cloud and require high-speed data transfer, virtualization technologies, and advanced security features. With more companies moving their IT infrastructure to the cloud, there will be a corresponding increase in the demand for storage adapters. Storage adapters are used to connect storage devices such as hard drives, solid-state drives, and tape drives to a computer system.

With more data being generated and stored in the cloud, demand for storage adapters is set to increase. Cloud computing solutions require fast data transfer between the cloud and the user's local computer system. Storage adapters play a crucial role in enabling this high-speed data transfer by providing connectivity between the storage devices and the computer system. As the demand for high-speed data transfer increases across the world, demand for storage adapters will also increase in parallel.

Many cloud computing solutions are built on virtualization technologies such as virtual machines and containers. Storage adapters are required to connect these virtual machines and containers to the underlying storage devices. With the growing adoption of virtualization technologies in the cloud, demand for storage adapters will also increase.

• In 2021, Dell announced the launch of its new line of storage adapters that are designed to provide increased performance and reliability. These new adapters are designed to support up to four times the throughput of traditional adapters and are optimized for high-performance computing.
• In 2020, Intel launched a new line of storage adapters that are designed to help improve performance and reliability in data centers. This new line of adapters is optimized for cloud computing and is capable of handling large workloads.

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Country-wise Insights

Why is the United States a Leading Market for Storage Adapters?

“Large Population, Infrastructure, and Technology Companies”

The United States has a leading market share for storage adapters due to its large population and economy. It has the most consumers for technology products and services, and this is reflected in its share of the global market. Additionally, the country has highly developed infrastructure and well-established technology companies that make it easier to purchase and install storage adapters. This gives customers in the country access to a wider range of products and services, which further contributes to increasing its market share.

All of these factors have contributed to the United States leading the storage adapter market. The United States accounts for 72.1% share of the North American market for storage adapters in 2023.

What are the Opportunities for Storage Adapter Manufacturers in India?

“Need for Reliable Connections for Cloud Storage, Online Shopping, Smartphones, Tablets, Businesses, and Data Centres”

Demand for storage adapters in India is increasing rapidly due to the rising number of cloud storage systems, online shopping, smartphones & tablets, businesses, and data centers.

Cloud storage requires a reliable connection between the cloud and the local storage system, while online shopping requires a reliable connection between the cloud and the local storage system. Smartphones and tablets require a reliable connection to the local storage system to transfer data seamlessly, while businesses require a reliable connection between their storage systems and the cloud. Data centers require a reliable connection between their storage systems and the cloud.

India is estimated to be a fast-growing market for storage adapters at a CAGR of 12.5% over the forecast period.

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Category-wise Insights

What Allows the Fibre Channel to Hold a Leading Share in the Storage Adapter Market?

“Fibre Channel Provides High Performance, Scalability, Reliability, Security, and Cost-effectiveness”

The fibre channel segment accounted for a market share of 32.7% in 2022.

Fibre channel (FC) is the most reliable and robust storage networking technology available today, providing high performance, scalability, and reliability. It is used in mission-critical applications such as enterprise storage and data backup. FC is an established and mature technology with a wide range of compatible products and vendors. It is also highly interoperable and provides good backward compatibility.

In addition, fibre channel provides a high level of security, which is important for protecting data in storage networks. FC also offers a wide range of features such as Quality of Service (QoS) and virtualization capabilities, which make it ideal for storage networks. Finally, fibre channel is cost-effective, making it a preferred choice for many organizations.

Will the Deployment of Storage Adapters Continue to Increase Rapidly in the Commercial Segment?

“Demand for Energy-efficient and Cost-effective Solutions Driving Segment Growth”

The commercial end-user segment is estimated to grow at a brisk pace over the forecast period due to the increasing demand for energy-efficient and cost-effective solutions from businesses such as hotels, restaurants, and other commercial establishments.

Increasing adoption of smart home solutions among commercial end users is also expected to drive segment growth substantially. Moreover, increasing awareness about the benefits of using energy-efficient solutions is expected to further boost segment growth during the forecast period.

Use of storage adapters in the commercial segment is forecasted to increase rapidly a CAGR of 9.7% through 2033.

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Competitive Landscape

The market for storage adapters is a highly competitive space with a large number of players competing for more market share. Several companies have a strong presence in the market and are continuously investing in R&D to develop new and innovative products. Manufacturers of storage adapters are also heavily investing in R&D to develop cost-effective and efficient storage devices.

• In 2021, HP announced the launch of its new HPE StoreFabric SN1100Q 16/32 GB fibre channel adapter, which provides improved data transfer speeds and enhanced storage capacity.
• In 2020, Dell introduced its new storage adapter - the PowerEdge RAID Controller H730P, which offers improved performance and scalability for enterprise applications.
• In June 2021, Western Digital Corporation announced the launch of its new Ultrastar DC SN840 NVMe SSDs, which are designed to provide high-performance, low-latency storage solutions for hyper scale data centers.
• In February 2021, IBM Corporation announced the launch of the IBM Flash System 5100 storage adapter. This adapter is designed to provide high-performance storage and data protection for enterprise customers. It is also equipped with advanced data management capabilities, such as data reduplication and compression.

Recent developments related to key companies providing storage adapters have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

Storage Adapters Industry Report Scope

Key Segments of Storage Adapter Industry Research

By Type:

• iSCSI
• RAID
• Fibre Channel (FC)
• Fibre Channel over Ethernet (FCoE)

By End User:

• Individual
• Commercial
• Industrial
• Government

By Region:

• North America
• Latin America
• East Asia
• South Asia & Pacific
• Western Europe
• Eastern Europe
• Central Asia
• Russia & Belarus
• Balkan & Baltics
• Middle East and Africa