AI Powered Storage Market Size

AI Powered Storage Market size was over USD 28.78 billion in 2024 and is projected to reach USD 518.09 billion by 2037, witnessing around 24.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of AI powered storage is assessed at USD 34.87 billion.

The growth of the market can be attributed to the mounting need among organizations to refresh their storage architecture, and increasing volumes of data generated across the globe. Along with these, growing usage of AI powered storage in BFSI industry to provide faster run-around time, and rising demand for AI in high computing centers are also expected to drive market growth in the near future. Furthermore, increasing adoption of cloud-based services, coupled with the escalating number of connected devices globally are projected to offer lucrative opportunities to the AI powered storage market in the near future. It is calculated that the total number of connected IoT devices in the world will grow by 9 percent by the end of 2021 to more than 12 billion active endpoints. There will be an estimated 25 billion connected devices by 2025