iCrowdNewswire Jan 14, 2021 9:25 AM ET
Market Research Future published a research report on “AI-Powered Storage Market Research Report – Global Forecast till 2025” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2025
According to Market Research Future, the market for the Global AI-Powered Storage has been segmented on the basis of Type, Application, Industry, and Region.
The rise adoption of technologies such as machine learning, artificial intelligence, and data analytics has led to an increase in data that require high storage capacity. The enterprises are registering a need for a refreshed AI-based storage architecture. Factors such as the growing adoption of cloud-based services, a rise in the number of hyperscale data centers, and the deployment of data analytics tools across small and medium enterprises have positively impacted the demand for AI-powered storage. However, the concerns regarding data privacy are expected to limit the market growth.
The global AI-Powered Storage Market is segmented on the basis of offering, storage system, storage architecture, storage medium, end use, and region.
By offering, the global AI-powered storage market is segmented into hardware and software. The hardware segment is further sub-segmented into SSD, HDD, CPU, and GPU.
By storage system, the global AI-powered storage market is segmented into direct-attached storage system, network-attached storage system, and storage area network.
By storage architecture, the global AI-powered storage market is segmented into file storage, object storage, and block storage.
By storage medium, the global AI-powered storage market is segmented into hard disk drive and solid state drive.
By end use, the global AI-powered storage market is segmented into BFSI, healthcare, media and entertainment, retail, manufacturing, telecommunications, and others.
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The Global AI-Powered Storage Market has been segmented by region into North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to be the largest market in the forecast period, followed by Europe, owing to the high concentration of data storage market players, easy availability of proficient technical expertise, and growing penetration of AI in manufacturing, banking, telecom, and healthcare industries. Asia-Pacific is expected to register the highest CAGR in the AI-Powered Storage market owing to the adoption of AI technology by small and medium enterprises in the region, rise in demand for cloud-based services, and adoption of robotics in manufacturing industries. China is expected to dominate the Asia-Pacific AI-powered storage market.
The Prominent Players in the Global AI-Powered Storage Industry are Dell Technologies (US), Advanced Micro Devices (US), CISCO (US), HPE Company (US), IBM (US), Toshiba (Japan), Intel Corporation (US), Pure Storage (US), Hitachi (Japan), NVIDIA Corporation (US), Lenovo (China), Samsung Electronics (South Korea), Micron Technology (US), Western Digital (US), and NetApp (US), Datadirect Network (US), Seagate Technology (US), Flextronics International (Singapore), Fujitsu (Japan), and Tintri, Inc. (US).
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