Rise in acceptance of artificial intelligence services and surging data volumes to boost the global AI powered storage market trends. Region-wise, the North American region held the major market share in 2021, holding more than two-fifths of the global AI powered storage market share and is expected to maintain its leadership status during the forecast period.
According to the report published by Allied Market Research, the global AI powered storage market generated $15.6 billion in 2021, and is projected to reach $162.5 billion by 2031, growing at a CAGR of 26.7% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
The report offers a detailed segmentation of the global AI powered storage market based on component, storage system, storage architecture, storage medium, end user, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest-growing segments and highest revenue generation that is mentioned in the report.
Request Sample Pages: https://www.alliedmarketresearch.com/request-sample/A09518
Region-wise, the North American region held the major market share in 2021, holding more than two-fifths of the global AI powered storage market share and is expected to maintain its leadership status during the forecast period. However, the Asia-Pacific AI powered storage market is forecast to record the fastest CAGR of 28.3% during the assessment period. The report also analyses other regions such as Europe and LAMEA.
Based on component, the hardware segment held the major market share in 2021, holding nearly three-fifths of the global AI powered storage market share, and is expected to maintain its leadership status during the forecast period. However, the software segment, is expected to cite the fastest CAGR of 28.2% during the forecast period.
On the basis of storage architecture, the file and object based storage segment held the largest market share in 2021, accounting for nearly two-thirds of the global AI powered storage market share, and is expected to maintain its leadership status during the forecast period. Nevertheless, the object storage segment, is expected to cite the highest CAGR of 28.1% during the forecast period.
Based on storage medium, the hard disk drive segment held the major market share in 2021, contributing to more than half of the global AI powered storage market share. However, solid state drive is expected to maintain its leadership position in terms of revenue and register the highest CAGR of 28.0% during the forecast period.
In terms of end user, the enterprises segment held the major market share in 2021, contributing to nearly two-fifths of the global AI powered storage market share, and is expected to maintain its leadership position during the forecast period. However, the government bodies segment, is expected to cite the fastest CAGR of 28.9% during the forecast period.
Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A09518
The key players analyzed in the global AI powered storage market report include Advanced Micro Devices, Inc., Amazon Web Services, Inc., Cisco Systems, Inc., Dell Technologies Inc., Fujitsu Limited, Google, Inc., Hitachi, Ltd., The Hewlett Packard Enterprise Company, Intel Corporation, Lenovo Group Limited, Micron Technology, Inc., Microsoft Corporation, NetApp, Inc., The International Business Machines Corporation, Pure Storage, Samsung Electronics Co., Ltd., and Toshiba Corporation.
Current Developments Shaping the Future
In May 2024, Huawei Enterprise, a leading provider of innovative ICT infrastructure products and solutions, introduced an A800 AI storage system. This system is known to enhance AI training on multi-petabyte datasets. It supports 100 million input/output operations per second and petabytes-per-second bandwidth, thereby facilitating rapid data processing for AI tasks.
Again in May 2024, Hewlett Packard Enterprise, a global edge-to-cloud company, launched HPE Cray Storage Systems C500. The HPE Cray Storage Systems C500 is an advanced version of the Cray ClusterStor E1000, a high-speed storage system for powerful AI and supercomputers. Similar to E1000, the C500 uses parallel file system technology to speed up data access, reduce slowdowns, and handle large-scale computing efficiently. It is designed to enhance performance in high-performance computing environments, minimizing data slowdowns and optimizing large-scale workloads.
Buy this Complete Report (343 Pages PDF with Insights, Charts, Tables, and Figures) at:
https://www.alliedmarketresearch.com/ai-powered-storage-market/purchase-options
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
[email protected]
