RAID can be implemented either in dedicated hardware or custom software running on standard hardware. Additionally, there are hybrid RAIDs that are partly software- and partly hardware-based solutions.

With a software implementation, the operating system manages the disks of the array through the normal drive controller (IDE/ATA, SCSI, Fibre Channel, etc.). With present CPU speeds, software RAID can be faster than hardware RAID, though at the cost of using CPU power which might be best used for other tasks. One major exception is where the hardware implementation of RAID incorporates a battery backed-up write back cache which can speed up an application, such as an OLTP database server. In this case, the hardware RAID implementation flushes the write cache to secure storage to preserve data at a known point if there is a crash. The hardware approach is faster than accessing the disk drive and limited by RAM speeds, the rate at which the cache can be mirror to another controller, the amount of cache and how fast it can flush the cache to disk. For this reason, battery-backed caching disk controllers are often recommended for high transaction rate database servers. In the same situation, the software solution is limited to no more flushes than the number of rotations or seeks per second of the drives. Another disadvantage of a pure software RAID is that, depending on the disk that fails and the boot arrangements in use, the computer may not be able to be rebooted until the array has been rebuilt.

A hardware implementation of RAID requires at a minimum a special-purpose RAID controller. On a desktop system, this may be a PCI expansion card, or might be a capability built in to the motherboard. In larger RAIDs, the controller and disks are usually housed in an external multi-bay enclosure. The disks may be IDE, ATA, SATA, SCSI, Fibre Channel, or any combination thereof. The controller links to the host computer(s) with one or more high-speed SCSI, Fibre Channel or iSCSI connections, either directly, or through a fabric, or is accessed as network attached storage. This controller handles the management of the disks, and performs parity calculations (needed for many RAID levels). This option tends to provide better performance, and makes operating system support easier. Hardware implementations also typically support hot swapping, allowing failed drives to be replaced while the system is running. In rare cases hardware controllers have become faulty, which can result in data loss. Hybrid RAIDs have become very popular with the introduction of inexpensive hardware RAID controllers. The hardware is a normal disk controller that has no RAID features, but there is a boot-time application that allows users to set up RAIDs that are controlled via the BIOS. When any modern operating systems are used, they will need specialized RAID drivers that will make the array look like a single block device. Since these controllers actually do all calculations in software, not hardware, they are often called "fakeraids". Unlike software RAID, these "fakeraids" typically cannot span multiple controllers.

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