About AI Powered Storage
AI-powered storage solutions can be categorized into different types, including intelligent data management, predictive analytics, and autonomous storage. Intelligent data management systems use AI algorithms to classify, organize, and optimize data storage based on factors such as access frequency and data value. Increasing demand for artificial intelligence and advanced analytical solutions is mainly responsible for the popularity of AI-powered storage. It is mainly used for organise unstructured data into effective storage system. Rising number of data centers to storage and manage data securely has impacted on the demand for AI powered storage in positive manner. Growing industrial infrastructure creating huge amount of data which is need to be store in effective and secure manner. Hence enterprises prefers AI powered solutions for their data storage.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market of AI Powered storage is expected to grow with rising demand to store unstructured data. Several companies are operating in the market to provide different AI powered storage solutions with unique features to number of industry verticals. The market is highly fragmented with the presence of several market players. However, established market players has created stiff competition to the new entrants. This established market players are gaining attention with their innovative and novel portfolio. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global AI Powered Storage market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
HPE (United States), Intel Corporation (United States), IBM (United States), NVIDIA Corporation (United States), Dell Technologies (United States), Samsung Electronics (United States), Micron Technology (United States), CISCO (United States), Toshiba (Japan), Lenovo Group Limited (Hong Kong) and Stem, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Atos (France), Tuxera (Finland), Inspur (China) and Samsung Semiconductor (South Korea).
Segmentation Overview
AMA Research has segmented the market of Global AI Powered Storage market by Type (Hardware and Software) and Region.
On the basis of geography, the market of AI Powered Storage has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Storage System, the sub-segment i.e. Flash Storage will boost the AI Powered Storage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. IT & Telecommunication will boost the AI Powered Storage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Storage Type, the sub-segment i.e. Primary Storage will boost the AI Powered Storage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Inclination towards Accepting Edge to Edge Cloud Solutions
Market Growth Drivers:
Growing Demand for Data Storage Solutions owing to Huge Data Creation by Different Industry Vertical, Rising Enterprises Preference for AI Powered Data Storage Solution to Store Unstructured & Organisational Data Efficiently and Increasing Digitisations in Industrial Activities
Challenges:
Limited Awareness regarding AI Powered Storage Solutions in Less Developed Countries
Restraints:
High Cost of Implementation May Limits its Demand
Opportunities:
Growing Technological Advancements with Machine Learning and AI has Created Growth Opportunities and Increasing Industrial Infrastructure Creating Unstructured Data which demands for AI Powered Storage
Market Leaders and their expansionary development strategies
In August 2023, Dell Technologies and VMware announced a collaboration to develop and offer joint AI-powered storage solutions for hybrid and multi-cloud environments. This partnership leverages Dell's storage expertise with VMware's virtualization technologies to provide enterprises with greater flexibility and agility in managing their data across diverse environments.
In October 2023, Pure Storage FlashBlade™ X9000 Boasting AI-powered data tiering and analytics for hybrid cloud environments, this system promises enhanced performance and efficiency for AI workloads.
Key Target Audience
AI Powered Storage Providers, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.