Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) — The “AI-Powered Storage Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering.
The global stage is set for an unprecedented expansion in the AI-powered storage market, as outlined in a comprehensive research report now available. With projections pointing toward a market swell from $20.77 billion in 2022 to a remarkable $63.47 billion by 2027, experts are honing in on a compound annual growth rate (CAGR) of 25%. An indispensable resource for industry stakeholders, the report meticulously unravels the sector’s future outlook, pinpointing key drivers such as the increasing number of data centers, which energize the market’s upward trajectory.
An expert analysis casts light on various elements fueling the sector’s prowess, including transformations in offerings such as sophisticated AI-powered software and hardware. The intricate interplay between these technologies and storage systems such as direct-attached storage, network-attached storage, and storage area networks solidifies the ground for end-users like enterprises, government bodies, and cloud service providers to leverage these advancements.
The research publication delves into critical regional insights, spotlighting North America as the dominant force in the current landscape and fingering Asia-Pacific as the fastest-growing contender in the forecast period. Such geographical mapping underscores the patterns and opportunities crucial for strategizing in the global market.
Product Innovation at the Forefront of AI-Powered Storage Advancements
A deep dive into market trends emphasizes product innovation as a spearhead for sustained market dominance. Trailblazing companies are captured in case studies, illustrating breakthroughs that redefine the AI-powered storage sphere. For instance, the launch of the industry’s maiden AI-powered SSD, the FuzeDrive SSD, is highlighted as a testament to the ingenuity within the sector.
The Strategic Intersection of Acquisitions and AI Technology
Mergers and acquisitions are pinpointed as strategic levers for companies in the race for market preeminence. Hewlett Packard Enterprise’s acquisition of Determined AI is positioned as a strategic play to enhance machine learning capabilities, embedding AI even deeper into storage solutions.
Market Dynamics: Expert Overview on Drivers and Challenges
- Highlighting the essential catalysts for growth, the report investigates the proliferation of data centers and their pivotal role in demanding more from AI-powered storage solutions.
- Examination of intricate challenges details how geopolitical events like the Russia-Ukraine war pose significant disruption risks, emphasizing the resilience of the AI-powered storage market.
This in-depth examination of the AI-powered storage market equips decision-makers with not only a granular understanding of the current state but also a strategic vision of the years to come. An indispensable playbook for those within the industry, this report lays out the key benchmarks for success amid a vast and rapidly evolving technological landscape.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2023 – 2027 |
| Estimated Market Value (USD) in 2023 | $25.99 billion |
| Forecasted Market Value (USD) by 2027 | $63.47 billion |
| Compound Annual Growth Rate | 25.0% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes
- Google LLC
- Samsung Electronics Co. Ltd.
- Microsoft Corporation
- Dell Technologies Inc.
- Hitachi Ltd.
- Lenovo Group Limited
- Intel Corporation
- International Business Machines Corporation
- Cisco Systems Inc.
- Fujitsu Limited
- Micron Technology Inc.
- Hewlett Packard Enterprise Company (HPE)
- Nvidia Corporation
- Toshiba Corporation
- Pure Storage Inc.
- Veritas Technologies LLC
- Cohesity Inc.
- Infinidat
- Tintri Inc.
- CTERA Networks Ltd.
- Zadara Inc.
- Pavilion Data Systems Inc.
- MinIO Inc.
- DriveScale Inc.
- Caringo Inc.
For more information about this report visit https://www.researchandmarkets.com/r/6l6gaj
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- Global AI-Powered Storage Market
