AI-Powered Storage Market Forecast for Strong Growth to USD 173.82 Billion by 2032 at 25.05% CAGR, Led by North America's 38.4% Share | DataM Intelligence

The Global AI-powered Storage Market reached US$29.07 billion in 2024 and is expected to reach US$ 173.82 billion by 2032, growing with a CAGR of 25.05% during the forecast period 2025-2032.

This robust growth stems from surging data volumes, the proliferation of AI/ML workloads, and demand for intelligent storage systems offering automation, predictive maintenance, and high-performance data management.

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United States: Key Industry Developments
✅ April 2025: Lenovo announced its largest-ever data storage portfolio refresh, unveiling 21 new ThinkSystem and ThinkAgile models optimized for AI, virtualization, and sustainability. These solutions include liquid-cooled hyperconverged infrastructure appliances and AI Starter Kits to accelerate AI workloads and IT modernization.

✅ March 2025: Huawei launched AI-ready data storage solutions targeting carriers to accelerate AI transformation and support monetization of AI-driven applications such as smart homes and digital factories.

Japan: Key Industry Developments
✅ October 2025: Japan saw the introduction of advanced AI-driven cloud and hybrid storage architectures gaining significant traction, focusing on integration and real-time insights for various sectors, supported by government promotion of AI innovations in smart cities and autonomous systems.

✅ January 2025: Japanese manufacturers released new AI software geared toward manufacturing efficiency enhancement, aiming to reduce reliance on skilled labor and increase productivity through AI integration.

Key Merges and Acquisitions (2025):
✅ Aligned (Acquired by Consortium): In October 2025, a consortium including the AI Infrastructure Partnership (AIP), MGX, and BlackRock-owned Global Infrastructure Partners (GIP) acquired U.S. data center firm Aligned for $40 billion. The consortium members include Microsoft, MGX, and BlackRock.

✅ Core Scientific (Acquired by CoreWeave): In July 2025, CoreWeave agreed to buy Core Scientific in a $9 billion stock deal. The acquisition was set to add 1.3 GW of AI-ready data center capacity for CoreWeave. However, Core Scientific shareholders voted against the deal in October 2025 due to perceived undervaluation.

✅ Infinidat (Acquired by Lenovo): In January 2025, Lenovo announced an agreement to acquire Infinidat, an Israel-based developer of high-performance storage technology tailored for data-heavy AI workloads. The terms were not disclosed, but industry analysts estimated the value at over $500 million.

✅ Fabric Technology (Acquired by Dell Technologies): In January 2025, Dell Technologies acquired Fabric Technology, a provider of AI-driven storage management software, to strengthen its position in the AI-powered storage market.

Market Segmentation Analysis:
-By Offering: Hardware Dominates with Over 70% Market Share
The hardware segment leads the AI-powered storage market with approximately 71% share as of 2024, driven by high-performance storage needs for AI workloads including deep learning and large-scale data analytics. Hardware's dominance is due to its role in efficient processing and storage, supported by innovations like NVMe SSDs and high-capacity HDDs. The software segment is smaller but forecasted to grow rapidly, contributing significantly to intelligent data management and predictive analytics capabilities.

-By Storage System: Direct-attached Storage (DAS) Leads with 35%+ Share
Direct-attached Storage (DAS) holds the largest share, about 35%, favored for its high-speed data access and ease of deployment in AI-centric applications. Network-attached Storage (NAS) and Storage Area Network (SAN) follow, with SAN expected to have the highest growth rate due to scalability and performance in enterprise environments.

-By Storage Architecture: File-Based Storage Commands the Market
File-based storage is the dominant architecture segment, favored for general data handling and AI applications like image recognition, capturing the largest share as of recent years. Object and block storage architectures serve specialized needs but currently hold smaller portions of the market.

-By Storage Medium: Solid State Drives (SSD) Growing Fast, HDD Still Holds Larger Share
SSDs are expected to achieve the highest CAGR due to their ultra-low latency and high IOPS performance critical for AI workloads. However, Hard Disk Drives (HDDs) still hold a substantial share, appreciated for their cost-effectiveness and high storage capacity for bulk data.

-By End-User: Enterprises Lead with Strong Adoption
Enterprises constitute the largest end-user segment, driven by extensive AI data needs and robust IT infrastructure investments. Government bodies, cloud service providers, and telecom companies are significant but comparatively smaller segments.

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Growth Drivers:
-Rising integration of AI and machine learning across industries such as banking, healthcare, and manufacturing is boosting demand for AI-powered storage solutions.

-Increasing volumes of organizational data require intelligent storage that can analyze and proactively manage data to minimize loss and improve efficiency.

-The proliferation of e-commerce and the need for scalable, automated, and real-time inventory management are driving adoption in warehousing and retail sectors.

-Enhanced data security through AI-enabled real-time threat detection and anomaly identification is critical for safeguarding sensitive information.

-Growing investments in AI infrastructure, especially in North America and Asia Pacific, stimulate expansion of AI-optimized storage systems.

-Advances in cloud-native applications, edge computing, and hybrid storage models improve flexibility, scalability, and cost-effectiveness of AI-powered storage solutions.

Regional Insights:
-North America: North America leads the global AI-powered storage market with a share of roughly 38.4% in 2024, attributed to substantial investments in cloud infrastructure, data centers, and enterprise digital transformation. The U.S. market is particularly significant, valued at USD 7.5 billion in 2024 with projections to reach around USD 65.2 billion by 2034.

-Asia-Pacific: This region is the fastest-growing market, experiencing rapid expansion fueled by digitization, increasing IT infrastructure, and rising demand from various sectors like healthcare, manufacturing, and BFSI. Countries like China and India play a key role in this growth.

-Europe: Europe holds a notable market share, driven by digital transformation initiatives, GDPR compliance, and a focus on data-driven business models.

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Key Players:
Dell Inc. | IBM | Pure Storage, Inc. | NetApp | Seagate Technology LLC | Western Digital Corporation | NVIDIA Corporation | Micron Technology | Wiwynn Corporation | Others

Key Highlights (Top 5 Key Players) for AI Powered Storage Market:
-Dell Technologies Inc. reported approximately USD 4.5 billion in AI-powered storage-related revenues, driven by its advanced storage solutions including all-flash arrays and software-defined platforms.

-IBM Corporation generated around USD 3.8 billion from hybrid cloud and AI-driven storage solutions, leveraging AI for enhanced data management and security in enterprise environments.

-Pure Storage, Inc. recorded approximately USD 2.2 billion in revenue focused on AI-optimized flash storage systems that improve data access efficiency and predictive analytics.

-NetApp reported USD 1.9 billion in AI-powered storage revenues, emphasizing scalable data solutions for AI workloads and hybrid cloud environments.

-NVIDIA Corporation contributed about USD 1.7 billion through AI-enhanced storage accelerators and integrated data processing solutions for AI and IoT applications.

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