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What are the Key Projections for the AI-Powered Storage Market Size and Growth?
The AI-powered storage market size has seen an impressive growth in recent years, growing from $31.88 billion in 2024 to an anticipated $39.5 billion in 2025, marking a compound annual growth rate (CAGR) of 23.9%. This considerable growth during the historic period can be primarily attributed to the rise of cloud computing, increasing complexity of data, data security concerns, demand for real-time analytics, and a burgeoning IoT ecosystem.
Looking to the future, the AI-powered storage market is projected for a significant expansion, expected to reach a staggering $103.72 billion in 2029 at a CAGR of 27.3%. This growth in the forecast period is expected due to factors such as data-driven decision-making, increasing data privacy regulations, autonomous storage management, the impact of quantum computing, and continuous learning storage systems. Some of the 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, and green AI storage solutions.
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What is Driving the Growth of the AI-Powered Storage Market?
The meteoric growth of the AI-powered storage market can be linked to the rising number of data centers. Data centers, which provide shared access to applications and data via a sophisticated network, computing, and storage infrastructure, are critical in this ecosystem. AI-powered storage analyzes vast volumes of real-time data in these data centers using machine learning algorithms and predictive analytics, enabling data center operators to identify patterns, optimize resource allocation, capacity planning, and workload management. For instance, in July 2023, the CBRE Group, Inc., a US-based commercial real estate services, and investment company reported a record 323.9 MW of data center capacity under construction, reflecting an 850% surge in leasing activity from Q1 2022 to Q1 2023.
What are the Key Segments in the AI-Powered Storage Market?
The AI-powered storage market covered in this report is divided into:
– By Offering: Software, Hardware
– By Storage System: Direct-Attached Storage, Network-Attached Storage, Storage Area Network
– By Storage Medium: Hard Disk Drive (HDD), Solid State Drive (SSD)
– By Storage Architecture: File And Object-Based Storage, Block Storage
– By End-User: Enterprises, Government Bodies, Cloud Service Providers, Telecom Companies, Other End-users
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Which are the Major Players in the AI-Powered Storage Market?
Key players in the AI-powered storage market include 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., and Caringo Inc.
What are the Market Trends in the AI-Powered Storage Market?
Product innovation is a central trend within the AI-powered storage market. Major players are focused on innovative solutions to maintain their market standing. For example, in October 2023, Huawei Technologies Co. Ltd., a China-based multinational technology corporation, launched the OceanStor A310, a new AI storage model specifically designed for the era of large AI models.
What is the Regional Analysis of the AI-Powered Storage Market?
In 2024, North America was the leading region in the AI-powered storage market, while Asia-Pacific is expected to be the fastest-growing region in the forecast period. Other regions covered in the AI-powered storage market report are Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The AI-Powered Storage Market Report 2025 Offer?
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 to analyze and improve overall store operations, enabling rapid and intelligent data analysis that delivers immediate insights. The AI-Powered Storage Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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