Artificial Intelligence (AI) Powered Storage market is anticipated to grow at a CAGR of 37.3% during the forecast period (2023-2030). The market’s growth is attributed to increasing complexity of AI models. As AI models grow more intricate and data-intensive, there is an increasing need for high-performance storage options that can accommodate AI supercomputing. For instance, in March 2023, NVIDIA launched NVIDIA DGX Cloud, an AI supercomputing service that gives enterprises immediate access to the infrastructure and software needed to train advanced models for generative AI and other groundbreaking applications. The service eliminates the complexity of obtaining, deploying, and managing on-premises technology by enabling every business to access its own AI supercomputer using a simple web browser.
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The global artificial intelligence (AI) powered storage market is segmented on the component, storage system, storage architecture, storage medium, and end-user. Based on the component, the market is sub-segmented into hardware, and software. Based on the storage system the market is sub-segmented into direct attached storage, network attached storage, and storage area network. Based on the storage architecture, the market is sub-segmented into file-based storage, and object-based storage. . Based on the storage medium, the market is sub-segmented into Hard Disk Drive, and Solid State Drive. Furthermore, on the basis of end user, the market is sub-segmented into enterprises and corporations, government and defense, cloud service providers, telecommunications, and others. The software subcategory is expected to capture a significant portion of the market share within the component segment. This is attributed to the reduces risk, saves time and money, and all of the foregoing variables are expected to aid in the market grow effectively over the coming years.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Artificial Intelligence (AI) Powered Storage Market by Component
- Hardware
- Software
Global Artificial Intelligence (AI) Powered Storage Market by Storage system
- Direct Attached Storage
- Network Attached Storage
- Storage Area Network
Global Artificial Intelligence (AI) Powered Storage Market by Storage Architecture
- File-based storage
- Object-Based storage
Global Artificial Intelligence (AI) Powered Storage Market by Storage Medium
- Hard Disk Drive
- Solid State Drive
Global Artificial Intelligence (AI) Powered Storage Market by End User
- Enterprises and Corporations
- Government and Defense
- Cloud Service Providers
- Telecommunications
- Others (Transportation and Logistics, Education, and Media and Entertainment)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Dell International Services India Pvt. Ltd.
- Fujitsu Ltd.
- Hewlett Packard Enterprise Co.
- Hitachi, Ltd.
- IBM Corp.
- Intel
- Lenovo
- Micron Technology, Inc.
- Microsoft
- NetApp, Inc.
- Pure Storage Inc.
- Samsung Electronics
- Toshiba Corp.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global artificial intelligence (AI) powered storage market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies. Competitive strategies by identifying ‘who-stands-where’ in the market.
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