Press release
The AI-Powered Storage Market is Projected to Procure a Valuation of US$ 120 Billion in 2032
The global AI-powered storage market is expected to value US$ 16.8 Billion in 2021 and US$ 21.3 Billion in 2022. The market is projected to secure US$ 120 Billion in 2032, exhibiting a healthy CAGR of 18.9% from 2022 to 2032. Expansion of the market can be attributed to the increasing need for efficient storage architecture and growing data volumes.The increasing number of connected devices and the rising adoption of cloud-based services are other vital factors propelling the market growth in the forecast period. Moreover, increasing internet accessibility around the globe with various developments like 5G, cloud services, blockchain, and the IoT among others are projected to fuel the industry in the coming time.
Request For Report Sample - https://www.persistencemarketresearch.com/samples/33040
The ICT sector is projected to make a significant contribution to the economic expansion and development of the industry. As per the United Nations Conference on Trade and Development, the ICT goods exports increased from 10.816 in 2015 to 11.536 in 2019. For instance, in August 2021, NVIDIA announced that it made NVIDIA Base Command Platform, a hosted AI development hub available in North America. It would offer instant access to strong computing infrastructure wherever their data resides.
With an estimated market value of US$ 39.3 Billion and a CAGR of 18.8%, the U.S is expected to make the most significant participation to develop the market in North America during the forecast period. The growth of the market can be credited to the surging investment in the data center and increasing demand for cloud computing. Also, players in the region make a significant contribution in expanding their reach, thereby, developing the market. For instance, in June 2021, Hewlett Packard Enterprise disclosed its breakthrough HPE GreenLake cloud platform for delivering on-premises offerings for reliable and scalable cloud services.
Request For Report Customization - https://www.persistencemarketresearch.com/request-customization/33040
Key Takeaways:
The global AI-Powered Storage market is estimated at US$ 16.8 Billion in 2021
The global AI-Powered Storage market to procure US$ 120 Billion in 2032
The global AI-Powered Storage market to expand at an 18.9% CAGR
The Direct-attached Storage (DAS) segment to exhibit a 16.8% expansion rate
The Hardware segment to record 16.7% CAGR in the forecast period.
The U.S market to garner US$ 39.3 Billion, recording a CAGR of 18.8%
The U.K market to value US$ 4.9 Billion, exhibiting an 18.8% growth rate
Competition Analysis
Some key players in the global AI-Powered Storage market include Intel Corporation, NVIDIA Corporation, IBM, Samsung Electronics, Pure Storage, and others.
For in-depth competitive analysis, buy now - https://www.persistencemarketresearch.com/checkout/33040
Recent key developments among players include:
In November 2019, Dell, Inc, launched Dell EMC PowerOne. PowerOne is an autonomous solution built to deploy, manage, and consume IT services. It integrates with PowerSwitch Networking, PowerEdge computes, PowerMax storage, and VMware virtualization into a centralized system with an in-built intelligence engine to automate processes.
In April 2020, Microsoft Corporation and Blackrock partnered to host the Alladin infrastructure offered by Blackrock on the Azure cloud platform. By using the Microsoft Azure cloud platform, Blackrock will provide enhanced specifics to its Aladdin platform with improved computing scales.
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release The AI-Powered Storage Market is Projected to Procure a Valuation of US$ 120 Billion in 2032 here
News-ID: 2665025 • Views: …
More Releases from Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for Billion
Freight Trucking Market worth $2,732 billion to USD 4,457.4 Billion by 2031
Rise in use of telematics in automotive sector, expansion of the e-commerce industry, and surge in urbanization have boosted the growth of the global freight trucking market. The market across Asia-Pacific dominated in 2021, holding more than two-fifths of the market. The Covid-19 pandemic resulted in flight cancellation, implementation of quarantine measures, and trave bans, which disrupted the supply chain.
According to a new report published by Allied Market Research, titled,…
From $59.7 Billion to $153.9 Billion : Automotive Semiconductor Market Accelerat …
According to a new report published by Allied Market Research, titled, "Automotive Semiconductor Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, by Vehicle Type, by Propulsion Type, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032."
The automotive semiconductor market was valued at $59.7 billion in 2022, and is estimated to reach $153.9 billion by 2032, growing at a CAGR of 10.1% from 2023 to 2032.
Asia-Pacific currently…
Ecotourism Market Forecast: $210.4 Billion in 2023 to $829.8 Billion by 2035
According to a new report published by Allied Market Research, titled, "Ecotourism Market Size, Share, Competitive Landscape and Trend Analysis Report, by Age group, by Traveler type, by Sales channel : Global Opportunity Analysis and Industry Forecast, 2024-2035". The research provides a current evaluation of the global market landscape, highlighting recent trends, key drivers, and the overall market environment. The study examines the main factors influencing industry expansion, analyzing both…
Scleroderma Market Forecast: $2.38 Billion in 2024 to $4.1 Billion by 2033
The global scleroderma market reached US$ 2,384.73 million in 2024 and is expected to reach US$ 4,103.07 million by 2033, growing at a CAGR of 6.4% during the forecast period 2025-2033.
Scleroderma Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the…
From $105.52 Billion to $233.51 Billion : Motorcycle Market Expansion (2022-2031 …
According to a new report published by Allied Market Research, titled, "Motorcycle Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Propulsion Type, by Price Range : Global Opportunity Analysis and Industry Forecast, 2021-2031." The global motorcycle market size was valued at $105.52 billion in 2021, and is projected to reach $233.51 billion by 2031, registering a CAGR of 8.6% from 2022 to 2031.
𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞…
Proteomics Market Soars: From $23.7 Billion to $98 Billion by 2031
According to a new report published by Allied Market Research, titled, "Proteomics Market," The Proteomics Market Size was valued at $23,654.34 million in 2021, and is projected to reach $98,051.83 million by 2031, growing at a CAGR of 15.2% from 2022 to 2031.
Proteomics studies the interactions, functions, compositions, and structures of proteins and their cellular activities. Proteomics provides a better understanding of the structure and function of the organism than…
