Global AI powered storage market is anticipated to grow at a significant CAGR of 17.4% during the forecast period (2024-2031). The AI-powered storage sector is anticipated to see significant expansion in China mainly due to rapid advancements in AI R&D, alongside improvements in its digital infrastructure. With strong government backing for AI technology and initiatives such as the Made in China 2025 strategy, the region is encouraging to adopting AI-driven solutions across various sectors, including storage. Additionally, the large volume of data generated in China, due to its large population and growing digital economy, requires efficient and intelligent storage solutions.
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AI-powered storage systems offer features such as predictive analytics, automated data management, and enhanced security, which are increasingly valuable for handling large data sets. Additionally, as Chinese businesses seek to stay competitive globally, investing in advanced technologies including AI-powered storage becomes essential for streamlining operations, enhancing decision-making, and fostering innovation. This trend is further accelerated due to growing government efforts to promote sustainability in its digital infrastructure, pushing market players to streamline its digital infrastructure. For instance, as per the 2021 report by Greenpeace, China’s government has set a target to attain carbon neutrality by 2060, encouraging tech firms to initiate measures to diminish their carbon emissions. As of 2021, two major Chinese data center enterprises, Chindata and AtHub, have pledged to transition entirely to clean energy by 2030, which indicates major change in Chinese data center sector, eventurally creating opportunities for market players.
To summerize, the combination of supportive government policies, rising data volumes, and a drive for technological progress positions China as a promising market for the growth of AI-powered storage solutions in the near future.
Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Components
o By Storage Medium
o By Storage System
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- IBM Corp., Dell Technologies Inc., NetApp, Inc., and Hewlett Packard Enterprise Co. among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global AI Powered Storage Market Report Segment
By Components
- Hardware
- Software
By Storage Medium
- Hard Disk Drive (HDD)
- Solid State Drive (SSD)
By Storage System
- Direct-Attached Storage (DAS)
- Network-Attached Storage (NAS)
- Storage Area Network (SAN)
By End-User
- BFSI (Banking, Financial Services, and Insurance)
- Healthcare
- Media and Entertainment
- Retail
- Consumer Goods
- Manufacturing
- Others (Aerospace and Defense, Business and Consulting, Education and Research)
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AI Powered Storage Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Advanced Micro Devices, Inc.
- Alphabet Inc. (Google Inc.)
- Amazon Web Services, Inc.
- Cisco Systems Inc.
- Fujitsu Ltd.
- Hitachi, Ltd.
- Intel Corp.
- Lenovo Group Ltd.
- Micron Technology, Inc.
- Microsoft Corp.
- NVIDIA Corp.
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
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