Global AI-powered Storage Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Offering;

Hardware and Software.

By Storage System;

Direct-attached Storage (DAS), Network-attached Storage (NAS), and Storage Area Network (SAN).

By Storage Architecture;

File & Object Based Storage, and Object Storage.

By Storage Medium;

Hard Disk Drive (HDD) and Solid State Drive (SSD).

By End User;

Enterprises, Government Bodies, Cloud Service Providers, and Telecom Companies.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn167661750 Published Date: June, 2024 Updated Date: July, 2024

Introduction

Global AI-powered Storage Market (USD Million), 2020 - 2030

In the year 2023, the Global AI-powered Storage Market was valued at USD 27,056.02 million. The size of this market is expected to increase to USD 144,175.01 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 27.0%.

The Global AI-powered Storage Market is witnessing significant growth propelled by the increasing integration of artificial intelligence (AI) technologies across various industries. As organizations seek to leverage AI for enhanced data processing, analysis, and decision-making, the demand for advanced storage solutions capable of supporting AI workloads is on the rise. AI-powered storage systems offer capabilities such as accelerated data access, intelligent data management, and predictive analytics, enabling organizations to extract valuable insights from their data assets and drive innovation.

Sectors such as healthcare, finance, and retail in North America are increasingly reliant on AI-driven insights derived from vast datasets, driving the demand for storage solutions equipped to handle the complexities of AI workloads. The region's emphasis on innovation and its robust regulatory framework supporting data protection and privacy further fuel the expansion of the AI-powered storage market.

General Data Protection Regulation (GDPR) drives the adoption of advanced storage technologies capable of securely managing and analyzing large volumes of data. Across diverse industries including manufacturing, automotive, and healthcare, Europe leverages AI for efficiency and innovation, necessitating storage solutions equipped with AI capabilities to meet evolving business needs and regulatory requirements.

The Global AI-powered Storage Market is poised for further expansion as organizations worldwide recognize the transformative potential of AI technologies in unlocking insights from data. With advancements in AI algorithms, machine learning techniques, and storage infrastructure, AI-powered storage solutions are expected to play a pivotal role in driving digital transformation, optimizing operational efficiency, and enabling data-driven decision-making across industries, contributing to the growth and evolution of the global economy.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Offering
    2. Market Snapshot, By Storage System
    3. Market Snapshot, By Storage Architecture
    4. Market Snapshot, By Storage Medium
    5. Market Snapshot, By End User
    6. Market Snapshot, By Region
  4. Global AI-powered Storage Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Integration of Artificial Intelligence (AI)
        2. Growing Demand for Enhanced Data Processing and Analysis
        3. Need for Advanced Storage Solutions for AI Workloads
        4. Rising Reliance on AI-driven Insights Across Industries
        5. Technological Innovation and Adoption
      2. Restraints
        1. Data Security Concerns
        2. Complexity of AI Workloads
        3. High Implementation Costs
        4. Lack of Skilled Professionals
        5. Compatibility Issues with Existing Infrastructure
      3. Opportunities
        1. Growing Adoption of Hybrid and Multi-Cloud Architectures
        2. Rising Demand for AI-driven Insights Across Industries
        3. Expansion of AI Applications Beyond Traditional Sectors
        4. Increasing Investment in AI Infrastructure and Solutions
        5. Emergence of Edge Computing and IoT Technologies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global AI-powered Storage Market, By Offering, 2020 - 2030 (USD Million)
      1. Hardware
      2. Software
    2. Global AI-powered Storage Market, By Storage System, 2020 - 2030 (USD Million)
      1. Direct-attached Storage (DAS)
      2. Network-attached Storage (NAS)
      3. Storage Area Network (SAN)
    3. Global AI-powered Storage Market, By Storage Architecture, 2020 - 2030 (USD Million)
      1. File & Object Based Storage
      2. Object Storage
    4. Global AI-powered Storage Market, By Storage Medium, 2020 - 2030 (USD Million)
      1. Hard Disk Drive (HDD)
      2. Solid State Drive (SSD)
    5. Global AI-powered Storage Market, By End User, 2020 - 2030 (USD Million)
      1. Enterprises
      2. Government Bodies
      3. Cloud Service Providers
      4. Telecom Companies
    6. Global AI-powered Storage Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Dell Technologies
      2. Hewlett Packard Enterprise (HPE) Company
      3. IBM
      4. NVIDIA Corporation
      5. Pure Storage
      6. Intel Corporation
      7. Netapp
      8. Samsung Electronics
      9. Micron Technology
      10. Cisco
  7. Analyst Views
  8. Future Outlook of the Market