The global AI-powered storage market is expected to grow from $107.1 billion in 2018 to $2.55 billion in 2025 at a CAGR of 17% during the forecast period. AI-powered storage is in high demand worldwide due to factors such as the increase in data being generated every day, the adoption of data analytics by various industries to improve decision-making ability, compliance with the generated data and increasing government regulations. In addition, many enterprises have started using cloud-based services to store data using virtual servers, further increasing the demand for AI-based storage systems.
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Key Market Players
Intel Corporation (US), NVIDIA Corporation (US), IBM (US), Samsung Electronics (South Korea), Pure Storage (US), NetApp (US), Micron Technology (US), CISCO (US), Toshiba (Japan), Lenovo (China), Dell Technologies (US), and HPE (US) are a few major players in the AI-powered storage market.
AI-powered storage Market Segmentation
On the basis of Offering
• Hardware
• Software
On the basis of Storage System
• Direct-attached Storage (DAS)
• Network-attached Storage (NAS)
• Storage Area Network (SAN)
On the basis of Storage Architecture
• File- and Object-Based Storage
• Object Storage
On the basis of Storage Medium
• Hard Disk Drive (HDD)
• Solid State Drive (SSD)
On the basis of End User
• Enterprises
• Government Bodies
• Cloud Service Providers
• Telecom Companies
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