AI Powered Storage Market Analysis

The AI powered storage market is segmented by end user into enterprises, CSP, government, BFSI and telecom, out of which, the BFSI segment is anticipated to hold the largest share in the market. This can be accounted to the error-free backend processes, personalized customer experience, and security and compliance provided by AI powered storage. Apart from these, decisions about loans are also being extensively made by software that take into account a variety of data of the borrower, which is also predicted to boost the growth of the market segment in the years to come. Additionally, on the basis of storage system, the storage area network (SAN) segment is assessed to acquire the largest share during the forecast period owing to the growing adoption of SAN among small and medium sized organizations as a result of their declining implementation costs.

Our in-depth analysis of the global AI powered storage market includes the following segments:

Storage System

Direct Attached Storage (DAS)
Network Attached Storage (NAS)
Storage Area Network (SAN)

Storage Architecture

File
Object-Based Storage

End User

Enterprises
CSP
Government
BFSI
Telecom

Frequently Asked Questions (FAQ)

The major factors driving market growth are mounting need among organizations to refresh their storage architecture, and increasing volumes of data generated.

The market is anticipated to attain a CAGR of ~27% over the forecast period, i.e., 2022 â€“ 2030.

Asia Pacific will provide more business opportunities for market growth owing to the high adoption of latest technologies in the region, especially in the region.

The major players in the market are Intel Corporation, NVIDIA Corporation, IBM Corporation, Cisco Systems, Inc., Dell Technologies, Inc., and others.

AI Powered Storage Market Analysis