AI Powered Storage Market Share

On the basis of geographical analysis, the AI powered storage market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific industry is set to account for largest revenue share by 2036, driven by high adoption of latest technologies in the region. In addition, booming demand for connected devices, which is generating a large amount of data is also projected to drive market growth in the region in the coming years. Moreover, the market in North America is expected to gather the largest share during the forecast period, which can be credited to the growing trend of cloud computing, majorly in government sector, and strong footprint of prominent AI powered storage market players in the region. For instance, as of 2021, about 50 percent of government organizations in the United States are using cloud services, and their spending in the cloud sector is evaluated to grow by an average of more than 17 percent each year.

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 Share