The latest market report published by Credence Research, Inc. “Global AI Powered Storage Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global AI-powered storage market has witnessed rapid growth in recent years and is estimated to grow at a CAGR of 26.2% between 2023 and 2030. The market was valued at USD 15.1 billion in 2022 and is anticipated to reach USD 76.98 billion in 2030.
AI-powered storage market provides key insights into the industry, including growth drivers, challenges, and market trends. The report segments the market based on components, storage systems, storage mediums, end users, and regions, projecting significant expansion in the coming years.
Hardware is the leading component segment in the global AI-powered storage market, driven by the demand for robust infrastructure to support AI applications. The storage area network system segment dominates the market, offering scalable and high-performance solutions. Solid-state drives (SSD) hold the largest market share in the storage medium segment, providing faster data access and improved reliability. Enterprises are the prominent end-users, leveraging AI-powered storage for efficient data processing. North America leads the global market, while the Asia-Pacific region presents lucrative opportunities for market growth.
The market is primarily driven by the exponential growth of data, advancements in digital technologies, and the increasing adoption of AI and machine learning (ML) across industries. However, data privacy and security concerns pose significant challenges to market growth. On the other hand, the market offers opportunities for organizations to derive valuable insights from data in real-time and make data-driven decisions. Furthermore, the integration of AI-powered storage with emerging technologies like IoT and cloud computing presents promising growth prospects for the global AI-powered storage market.
Browse 240 pages report AI Powered Storage Market By Component (Hardware, Software) By Storage System (Direct Attached Storage, Network Attached Storage, Storage Area Network) -Growth, Future Prospects & Competitive Analysis, 2016 – 2030)- https://www.credenceresearch.com/report/ai-aowere-storage-market
Segmentation analysis of the market reveals that hardware components hold a dominant market share, while software solutions are expected to experience rapid growth. The storage area network system segment dominates the market, and solid-state drives (SSD) lead in the storage medium segment. Enterprises are the major end users, and North America is the leading region in terms of market share.
AI Powered Storage Market Key Growth Trends have revolutionized the storage industry, ushering in an era of unprecedented efficiency and productivity. This transformative technology has enabled businesses to harness the power of artificial intelligence to optimize their storage systems. With AI algorithms at the helm, organizations can now analyze vast amounts of data, predict patterns, and make intelligent decisions regarding their storage infrastructure. Moreover, this market is witnessing a surge in demand due to its ability to automate tedious tasks such as data classification, retrieval, and backup. The implementation of AI-powered solutions not only reduces human error but also ensures faster response times and enhanced reliability.
The report emphasizes the importance of AI-powered storage in handling the exponential growth of data and the increasing adoption of AI and ML technologies across industries. However, data privacy concerns and high implementation costs pose challenges to market growth.
Why to Buy This Report-
· The report provides a qualitative as well as quantitative analysis of the global AI Powered Storage Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
· The report includes information on the competitive landscape, such as how the market's top competitors operate at the global, regional, and country levels.
· Major nations in each region with their import/export statistics
· The global AI Powered Storage Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
Browse Full Report: https://www.credenceresearch.com/report/ai-aowere-storage-market
Visit: https://www.credenceresearch.com/
Related Report: https://www.credenceresearch.com/report/demand-response-management-system-market
Related Report: https://www.credenceresearch.com/report/malaysia-data-centre-market
Browse Our Blog: https://www.linkedin.com/pulse/ai-powered-storage-market-2022-growth-strategies-challenges-singh
Browse Our Blog: https://tealfeed.com/ai-powered-storage-market-expected-generate-slodo
About Us -
Credence Research is a viable intelligence and market research platform that provides quantitative B2B research to more than 10,000 clients worldwide and is built on the Give principle. The company is a market research and consulting firm serving governments, non-legislative associations, non-profit organizations, and various organizations worldwide. We help our clients improve their execution in a lasting way and understand their most imperative objectives. For nearly a century, we’ve built a company well-prepared for this task.
Contact Us:
Office No 3 Second Floor, Abhilasha Bhawan, Pinto Park, Gwalior [M.P] 474005 India
AI and machine learning workloads require vast amounts of storage to extract translate and load input data, do exploratory data analysis to see what data is relevant, create test data, build and train the models, retrain the models to reflect changing data patterns, inferences, and discoveries and keep them running.
Data does not lose value, so data must be retained for as long as there is perceived value, and regulatory requirements like GDPR may require retention of data in a form that explains the decisions made by AI.
Scalability includes the ability to minimize the footprint and cost of storage through intelligent use of deduplication, compression, virtualization, tiering, archiving, indexing cataloging, and shredding.The efficacies of AI infrastructure generally focus on computing hardware like the general-purpose CPUs, GPUs, FPGAs, and tensor processing units.
It is astute to keep a potent compute engine well-utilized, which needs feeding it with vast amounts of information as fast as possible.
There are numerous phases with different processing requirements, from model deployment, data ingestion, data discovery and visualization, data engineering, model development and training, and retention, all with various performance, tiering, and protocol requirements.
Factors such as the growing implementation of cloud-based services, a rise in the number of hyperscale data centers, and the deployment of data analytics tools across small and medium enterprises have positively impacted the demand for AI-powered storage.
AI-Powered Storage Market Trends A new market study, titled “AI-Powered Storage Market Trends ” has been featured on Market Research Future.According to Market Research Future, the market for the global AI-powered storage has been segmented on the basis of type, application, industry, and region.The rise adoption of technologies such as machine learning, artificial intelligence, and data analytics has led to an increase in data that require high storage capacity.
The enterprises are registering a need for a refreshed AI-based storage architecture.
Factors such as the growing adoption of cloud-based services, a rise in the number of hyperscale data centers, and the deployment of data analytics tools across small and medium enterprises have positively impacted the demand for AI-powered storage.
However, the network-attached storage systems segment is expected to register the highest CAGR during the forecast period from 2019 to 2025 owing to the multiple client access feature that it provides.Based on storage architecture, the market has been segmented into file storage, object storage, and block storage.
In 2018, western digital launched a new range of hard drive—Purple—for upcoming Digital Video Recorder and Network Video Recorder systems that feature Artificial Intelligence (AI) capabilities.
The solid-state drive is further bifurcated into all-flash array and hybrid flash array.
