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AI-Powered Storage Market worth $77.19 billion by 2030, growing at a CAGR of 26.67% - Exclusive Report by 360iResearch
AI-Powered Storage Market | 360iResearch
The Global AI-Powered Storage Market to grow from USD 14.75 billion in 2023 to USD 77.19 billion by 2030, at a CAGR of 26.67%.
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AI-powered storage refers to data storage systems that harness artificial intelligence to optimize and automate data management tasks. Such systems are engineered to handle large volumes of data at high speeds, facilitating enhanced decision-making through real-time data analytics and machine learning. They can predict data patterns, manage workloads, and ensure data security efficiently, which is crucial in today's data-intensive environments. The primary drivers of AI-powered storage include the ever-increasing data volumes generated by businesses, the rapid advancement of AI and machine learning technologies, and the growing necessity for real-time data processing. The adoption is propelled by the escalating demand for AI applications and the need for cost-effective and reliable data storage solutions. Additionally, the proliferation of the Internet of Things (IoT) devices elevates the importance of efficient data storage, providing a significant push to this domain. However, restraints include high initial investment costs, complexity in integrating AI with existing storage systems, and data privacy and security concerns. Another major challenge is the scarcity of skilled professionals capable of effectively deploying and managing AI-powered storage solutions. Moreover, advancements in computational hardware, improved algorithms, and the potential integration of AI-powered storage with edge computing are expected to result in increased adoption of these systems. The emergence of 5G technology is expected to bolster the deployment of AI-empowered storage solutions by enabling faster data transmission speeds and reduced latency.
Market Segmentation & Coverage:
This research report categorizes the AI-Powered Storage Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Hardware and Software. The Hardware is further studied across Central Processing Unit, Graphics Processing Unit, Hard Disk Drive, and Solid-State Drive. The Hardware is projected to witness significant market share during forecast period.
Based on Storage System, market is studied across Direct-Attached Storage System, Network-Attached Storage System, and Storage Area Network. The Storage Area Network is projected to witness significant market share during forecast period.
Based on Storage Architecture, market is studied across Block Storage and File & Object-Based Storage. The File & Object-Based Storage is further studied across File Storage and Object Storage. The File & Object-Based Storage is projected to witness significant market share during forecast period.
Based on Storage Medium, market is studied across Hard Disk Drive and Solid State Drive. The Solid State Drive is further studied across All-Flash Arrays and Hybrid Flash Arrays. The Solid State Drive is projected to witness significant market share during forecast period.
Based on End User, market is studied across Aerospace & Defense, BFSI, Business & Consulting, Consumer Goods, Education & Research, Energy, Government, Healthcare, Manufacturing, Media & Entertainment, and Retail. The Energy is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the AI-Powered Storage Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the AI-Powered Storage Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the AI-Powered Storage Market, highlighting leading vendors and their innovative profiles. These include Advanced Micro Devices, Inc., Amazon Web Services, Inc., Cisco Systems, Inc., DataDirect Networks, Dell Technologies Inc., Flextronics International Ltd., Fujitsu Limited, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Micron Technology, Inc., NVIDIA Corporation, Pure Storage, Inc., Samsung Electronics Co., Ltd., Seagate Technology Holdings plc, and Western Digital Technologies, Inc..
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. AI-Powered Storage Market, by Component
7. AI-Powered Storage Market, by Storage System
8. AI-Powered Storage Market, by Storage Architecture
9. AI-Powered Storage Market, by Storage Medium
10. AI-Powered Storage Market, by End User
11. Americas AI-Powered Storage Market
12. Asia-Pacific AI-Powered Storage Market
13. Europe, Middle East & Africa AI-Powered Storage Market
14. Competitive Landscape
15. Competitive Portfolio
16. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the AI-Powered Storage Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the AI-Powered Storage Market?
3. What is the competitive strategic window for opportunities in the AI-Powered Storage Market?
4. What are the technology trends and regulatory frameworks in the AI-Powered Storage Market?
5. What is the market share of the leading vendors in the AI-Powered Storage Market?
6. What modes and strategic moves are considered suitable for entering the AI-Powered Storage Market?
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