Global AI-Powered Storage Market
The GMI Research foresees that the AI-Powered Storage Market will undergo an escalating demand over the forecast period. This is because of its assistance to streamline processes like financial risk management, better operational and financial effectiveness, and the surging espousal of cloud-based services.
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Introduction of the AI-Powered Storage Market
AI-powered storage allows enterprises to interpret data swiftly and offer immediate insights. It inhibits security concerns, accessibility issues and provides elevated productivity & greater accessibility out of the infrastructure. In short, AI-powered storage in buildings means offering perceptions to three distinct phases, data ingestion, training, and inference.
Key Players of Market:
- Intel Corporation
- Dell Inc.
- IBM
- Hewlett Packard Enterprise Development LP
- NVIDIA Corporation
- Samsung
- Cisco
- Micron Technology, Inc.
- Toshiba
- Hitachi, Ltd.
AI-Powered Storage Market Dynamics
The augmenting espousal of data analytics to enhance the decision-making abilities, surging demand for artificial intelligence in better-performing computing data centres, and the impelling acquisition of cloud-based services by organizations to pile up data with the help of virtual sensors have elevated the growth of the global AI-powered storage market. In addition, the rising favourable adherences and policies concerned with data generation as well as the mounting amount of data engendered are contributing to the market growth. Furthermore, the massive expansion in data volume and the growing demand for sophisticated storage architecture in wide-reaching enterprise infrastructure are likely to ameliorate the AI-Powered Storage Market Opportunities. However, the growing apprehension concerned with data protection in server and cloud-based services, insufficient technically experienced professionals in AI hardware, and asymmetry of AI algorithms might hamper the market growth.
Storage Systems Segment Drivers
Based on the storage systems, the market is dismembered into network-attached, direct-attached, and storage area networks. Amongst all these, the storage area network is anticipated to bolster at a faster rate over the coming years. The network proffers enormous benefits such as consolidated storage management, intensified disaster recuperation, swift data emigration, better storage utilization, data prevention, massive accessibility, quick back-ups, enhanced data security, and considerable dilatability and the abolition of bandwidth bottlenecks concerned with LAN-based server storage. Besides this, it expedites the merger of storage among data centres to be used as a network for data storage devices. Thus, all these factors supplement the AI Powered Storage Market Size.
Geographical Drivers
In accordance with the regional coverage, Asia-Pacific is likely to bolster at a special rate during the forecast period. China is considered to be the largest market among all the other Asia Pacific countries. This is because organizations in China are acquiring new technologies to perpetuate the worldwide market competition. Also, as per the AI-powered Storage Market Forecast, various strategic policies formulated by the Chinese government to encourage the implementation of AI-powered storage systems further add to the market growth. The expansion in the market for digital devices has proliferated the amount of data generation, thereby driving the market growth.
AI-Powered Storage Market Segmentation:
Segmentation by Offering
- Hardware
- Storage Medium
- SSD
- HDD
- Other Hardware
- Software
Segmentation by Storage System
- Direct-Attached Storage Systems
- Network-Attached Storage Systems
- Storage Area Network
Segmentation by Storage Architecture
- File- and Object-Based Storage
- File Storage
- Object Storage
- Block Storage
Segmentation by Storage Medium
- Hard-Disk Drive
- Solid-State Drive
- All-Flash Arrays
- Hybrid-Flash Arrays
Segmentation by End-user
- Enterprises
- BFSI
- Healthcare
- Media & Entertainment
- Retail
- Consumer Goods
- Manufacturing
- Others
- Government Bodies
- Cloud Service Providers
- Telecom Companies
Segmentation by Region:
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- RoW
- UAE
- Brazil
- South Africa
- Saudi Arabia
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