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AI-Powered Storage Market Share, Demand, Growth, Key Opportunities, Key Players and Industry Analysis By 2025 (SARS-CoV-2, Covid-19 Analysis)
AI-Powered Storage Market
Global AI-Powered Storage Market is expected to grow from USD 10.71 Billion in 2018 to USD 25.05 Billion by 2025, at a CAGR of 17.56%, during the forecast period.
AI-powered storage is observed to gain traction on account of rise in data center establishments. The rise in demand for AI-powered storage in high performance compute (HPC) data centers is identified, which is expected to boost the expansion of the global AI-powered storage market.
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The surge in data generation and upscaling adoption of data analytics by sectors to aid in better and effective decision makings are drivers that can promote global AI-powered storage market. Additional growth impellers are better compliances and government guidelines with regards to generation of data. In addition, several enterprises are running on cloud-based services, such as virtual servers that can store data, which can be a boost for the expansion of the AI-powered storage market, worldwide.
Market Research Future (MRFR), studied dynamics of the global AI-powered storage market. In its revised “AI-Powered Storage Market” report, prepared by our experienced analysts, discusses forces that can alter the course of the market progress. MRFR study states that the global market of AI-powered storage is expected to surge at 17.56% CAGR from 2018 to 2025. In 2018, the AI-powered market was valued at USD 10.71 Bn. Rise in storage area network application of AI-powered storage is expected to cause the market size to increase. By 2025, the market is can touch USD 25.05 Bn.
Regional Analysis
The global AI-powered storage market has been segmented by region into North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to be the largest market in the forecast period, followed by Europe, owing to the high concentration of data storage market players, easy availability of proficient technical expertise, and growing penetration of AI in manufacturing, banking, telecom, and healthcare industries. Asia-Pacific is expected to register the highest CAGR in the AI-Powered Storage market owing to the adoption of AI technology by small and medium enterprises in the region, rise in demand for cloud-based services, and adoption of robotics in manufacturing industries. China is expected to dominate the Asia-Pacific AI-powered storage market.
Segmentation
On the basis of offerings, the market has been segmented into hardware and software. The hardware segment has been further divided into SSD, HDD, CPU, and GPU. The hardware segment dominated the market in 2018; it is expected to register the highest CAGR during the forecast period from 2019 to 2025.
On the basis of storage system, the market has been segmented into direct-attached storage systems, network-attached storage systems, and storage area network. The storage area network segment dominated the market in 2018, whereas the network-attached storage systems segment is expected to register the highest CAGR during the forecast period from 2019 to 2025.
On the basis of storage architecture, the market has been segmented into file storage, object storage, and block storage. The file storage segment dominated the market in 2018, whereas the block storage segment is expected to register the highest CAGR during the forecast period from 2019 to 2025.
On the basis of storage medium, the market has been segmented into hard disk drive and solid-state drive. The hard disk drive segment dominated the market in 2018, whereas the solid-state drive segment is expected to register the highest CAGR during the forecast period from 2019 to 2025.
On the basis of end use, the market has been segmented into BFSI, healthcare, media & entertainment, retail, manufacturing, telecommunication, and others. The BFSI segment is expected to dominate the review period. The telecommunication segment is expected to register the highest CAGR during the forecast period.
Key Players
The prominent players in the global AI-powered storage industry are Dell Technologies (US), Advanced Micro Devices (US), CISCO (US), HPE Company (US), IBM (US), Toshiba (Japan), Intel Corporation (US), Pure Storage (US), Hitachi (Japan), NVIDIA Corporation (US), Lenovo (China), Samsung Electronics (South Korea), Micron Technology (US), Western Digital (US), and NetApp (US), Datadirect Network (US), Seagate Technology (US), Flextronics International (Singapore), Fujitsu (Japan), and Tintri, Inc. (US).
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Other Related Market Research Reports:
Portable Data Storage Market Research Report- Forecast 2023
https://www.marketresearchfuture.com/reports/portable-data-storage-market-3887
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