AI-Powered Storage Market : By Industry Trends, Leading Players, Size, Share, Growth, Opportunity And Forecast 2024-2033

Overview and Scope
AI-powered storage refers to storage systems that use artificial intelligence techniques to improve storage infrastructure efficiency, performance, and management. These systems use AI algorithms capabilities to intelligently analyze digital data to improve overall store operations and enable businesses to analyze data rapidly and intelligently, offering insights instantly.

Sizing and Forecast
The ai-powered storage market size has grown exponentially in recent years. It will grow from $25.99 billion in 2023 to $32.52 billion in 2024 at a compound annual growth rate (CAGR) of 25.1%. The growth in the historic period can be attributed to rise of cloud computing, increasing complexity of data, data security concerns, demand for real-time analytics, growing iot ecosystem.

The ai-powered storage market size is expected to see exponential growth in the next few years. It will grow to $80.36 billion in 2028 at a compound annual growth rate (CAGR) of 25.4%. The growth in the forecast period can be attributed to data-driven decision-making, increasing data privacy regulations, autonomous storage management, quantum computing impact, continuous learning storage systems. Major trends in the forecast period include technological advancements in neural networks, ai in data lifecycle management, ai for predictive storage maintenance, ai-optimized storage hardware, ai-powered disaster recovery, green ai storage solutions.

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The ai-powered storage market covered in this report is segmented –

1) By Offering: Software, Hardware
2) By Storage System: Direct-attached Storage, Network-attached Storage, Storage Area Network
3) By Storage Medium: Hard Disk Drive (HDD), Solid State Drive (SSD)
4) By Storage Architecture: File and Object-Based Storage, Block Storage
5) By End-User: Enterprises, Government Bodies, Cloud Service Providers, Telecom Companies, Other End-users

North America was the dominant region in the AI-powered storage market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ai-powered storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
Growing numbers of data centers are expected to propel the growth of the AI-powered storage market going forward. Data centers refer to facilities that offer shared access to applications and data through a sophisticated network, computing, and storage infrastructure. AI-powered storage analyses vast amounts of real-time data in data centers using machine learning algorithms and predictive analytics that allows data center operators to identify patterns and make informed decisions to optimize resource allocation, capacity planning, and workload management. For instance, in February 2021, according to the Korea Data Center Council (KDCC), the overall capacity of colocation data centers information technology (IT) load reached 430MW at the end of 2020, accounting for 11% of the total APAC IT load. Following Savills Korea projections, the total commercial data center IT load in Korea is expected to expand by 700MW between 2021 and 2023, accounting for 15% of overall Asia-Pacific capacity. Therefore, growing numbers of data centers are driving the growth of the AI-powered storage market.

Key Industry Players
Major companies operating in the ai-powered storage market report are Google LLC, Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Technologies Inc., Hitachi Ltd., Lenovo Group Limited, Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Fujitsu Limited, Micron Technology Inc., Hewlett Packard Enterprise Company (HPE), Nvidia Corporation, Toshiba Corporation, Pure Storage Inc., Veritas Technologies LLC, Cohesity Inc., Infinidat, Tintri Inc., CTERA Networks Ltd., Zadara Inc., Pavilion Data Systems Inc., MinIO Inc., DriveScale Inc., Caringo Inc.

The ai-powered storage market report table of contents includes:

1. Executive Summary

2. AI-Powered Storage Market Characteristics

3. AI-Powered Storage Market Trends And Strategies

4. AI-Powered Storage Market – Macro Economic Scenario

5. Global AI-Powered Storage Market Size and Growth

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32. Global AI-Powered Storage Market Competitive Benchmarking

33. Global AI-Powered Storage Market Competitive Dashboard

34. Key Mergers And Acquisitions In The AI-Powered Storage Market

35. AI-Powered Storage Market Future Outlook and Potential Analysis

36. Appendix