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Europe AI-Powered Storage Market is estimated to rise at a significant CAGR during 200-2027 | Size, Share & Forecast

12-03-2022 02:16 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Gmi Research

Europe AI-Powered Storage Market

Europe AI-Powered Storage Market

The Europe AI-Powered Storage Market is expected to grow at a faster CAGR over the forecast period (2020-2027).

For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/europe-ai-powered-storage-market/

The factors driving growth of the Europe AI-Powered Storage Market includes increasing penetration of connected devices across Untied Kingdom, France, and Germany, rising application of AI-powered storage solutions across end-use industries such as Media and Entertainment and Healthcare and Manufacturing and Government policies encouraging the adoption of AI powered storage solutions.     Moreover, increasing number of start-ups, proliferation of smart devices, rising demand for Artificial Intelligence (AI) in HPC data centers, increased adoption of latest technologies, huge volumes of data generated by companies and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major corporations on research and development, rise in the launch of innovative products, strategic partnership between enterprises, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

However, growth of the Europe AI-Powered Storage Market is hindered due to growing concerns related to data privacy in servers.

The prominent players operating in the Europe AI-Powered Storage Market are Micron technology, Advanced Micro Devices (AMD), Intel Corporation, NVIDIA Corporation, Pure Storage, Dell Inc., IBM Corporation, Hewlett Packard Enterprise Company, Cisco Corporation, NetApp, and Samsung Electronics, among others.

Based on Storage System, the Network-Attached Storage Systems segment is predicted to grow at a significant CAGR during the forecast period

Growing adoption of Network-attached storage systems by organizations because it is easy to use, automates backup data and helps in storing data, are some of the factors responsible for growth of the segment.

Based on End-User, the Healthcare segment is projected to expand at a remarkable CAGR over the forecast period

AI-Powered storage solutions are increasingly adopted by healthcare institutions because it helps in analyzes patients data at low cost along with rising focus on precision medicines, are propelling segment's growth.

Key Development

In Dec 2018, IBM and Nvidia partnered to launch new AI-powered storage as IBM Spectrum AI with Nvidia DGX. The tool is designed to be used with data tools like Spark, TensorFlow or PyTorch.

Market Segmentation

Segmentation by Offering

Hardware
Storage Medium
SSD
HDD
Other Hardware
CPU
GPU
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 and Entertainment
Retail
Consumer Goods
Manufacturing,
Other Enterprises
Aerospace and Defense
Business and Consulting
Education and Research,
Energy
Government Bodies
Cloud Service Providers
Telecom Companies

Segmentation by Countries

Germany AI-powered Storage Market
France AI-powered Storage Market
UK AI-powered Storage Market
Italy AI-powered Storage Market
Rest of Europe AI-powered Storage Market

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland

GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.

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