AI-Powered Storage Market Size 2021: Analysis by Global Industry Share, Trends, Growth Rate 2028

The report is titled ‘AI-Powered Storage Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the AI-Powered Storage market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The AI-powered storage market is expected to grow at a significant rate in the near future.

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AI-Powered Storage Introduction

AI-enabled or AI-powered storage employs AI workloads and modern analytics, providing scale-out storage platforms for data-driven businesses. In the present times, most businesses rely on data, however, businesses totally realize the volume of the data they generate, the utility of the data, abolition of undesirable data, and the life-span of that data. Thus, businesses are continuously seeking to organize the data, comprising pitstops for compliance checks, data optimization, data registration, and data conditioning. This is where AI-powered storage comes into the picture as it enables organizations to examine data rationally and promptly by providing rapid insights. AI- Powered storage contains three diverse phases in particular data intake, training employing machine learning and inference which is a phase of offering insights.

AI-Powered Storage Market Dynamics

In the current times, businesses are generating immense volumes of data, which needs to be organized and optimized appropriately which is majorly driving the demand of AI-powered storage across the global markets. In addition to that, increasing applications for AI in various industries, worldwide, as well as rising execution of cloud-based services is further acting as positive factors for the growth of the global AI-powered storage market in the forthcoming years.

Moreover, the elevating demand for progressive storage architecture in wide-ranging enterprise infrastructure is also estimated to contribute to the growth of the global AI-powered storage market over the forecast period. Having said that, growing concerns associated with data confidentiality in server and cloud-based services is a significant hindering factor that is likely to hold back the growth of the market.

Furthermore, inadequacy of technically proficient workforce in AI hardware and inconsistency of AI algorithms is further projected to restrain the market growth in the coming years.

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AI-Powered Storage Market Segmentation

AI-powered storage market is segmented on the basis of offering, storage system, storage architecture, storage medium, end user, and region.

By Offering

• Hardware
• Software

By Storage System

• Direct-attached Storage (DAS)
• Network-attached Storage (NAS)
• Storage Area Network (SAN)

By Storage Architecture

• File- and Object-Based Storage
• Object Storage

By Storage Medium

• Hard Disk Drive (HDD)
• Solid State Drive (SSD)

By End User

• Enterprises
• Government Bodies
• Cloud Service Providers
• Telecom Companies

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

AI-Powered Storage Market Key Players

The key participating players of the global AI-Powered Storage market include Intel Corporation, NVIDIA Corporation, IBM, Samsung Electronics, Pure Storage, NetApp, Micron Technology, CISCO, Toshiba, Lenovo, Dell Technologies, and HPE, among others.

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