AI-Powered Storage Market Expected to Witness Robust Growth, New Research Highlights Critical Trends and Innovations

Global AI-Powered Storage Market

Dublin, January 30, 2024 (GLOBE NEWSWIRE) — The “Global AI-Powered Storage Market Report 2023” the report has been added to ResearchAndMarkets.com offer.

The global stage is set for an unprecedented expansion of the AI-powered storage market, as highlighted in a comprehensive research report now available. As projections point to the market rising from $20.77 billion in 2022 to a remarkable $63.47 billion by 2027, experts are focusing on a compound annual growth rate (CAGR) of 25%. An indispensable resource for industry players, the report thoroughly analyzes the future prospects of the sector, identifying key factors such as the growing number of data centers, which are driving the upward trajectory of the market.

Expert analysis sheds light on various elements fueling the industry’s prowess, including transformations in offerings such as sophisticated AI-driven software and hardware. The complex interaction between these technologies and storage systems such as direct attached storage, network attached storage and storage networks solidifies the ground for enabling end users such as enterprises, government agencies and cloud service providers to take advantage of these advances.

The research publication delves deeper into critical regional perspectives, highlighting North America as the dominant force in the current landscape and naming Asia Pacific as the fastest growing competitor during the forecast period. Such geographic mapping highlights crucial patterns and opportunities for strategizing in the global market.

Product innovation at the forefront of AI-powered storage advancements

An in-depth analysis of market trends emphasizes product innovation as the spearhead of sustainable market dominance. Pioneering companies are captured in case studies, illustrating advancements that are redefining the AI-powered storage sphere. For example, the launch of the industry’s first AI-powered SSD, the FuzeDrive SSD, is touted as a testament to the industry’s ingenuity.

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The Strategic Intersection of Acquisitions and AI Technology

Mergers and acquisitions are identified as strategic levers for companies in the race for market pre-eminence. Hewlett Packard Enterprise’s acquisition of Ensured AI is positioned as a strategic move to enhance machine learning capabilities, integrating AI even deeper into storage solutions.

Market Dynamics: Expert Insights on Driving Factors and Challenges

• Highlighting key enablers of growth, the report explores the proliferation of data centers and their central role in the increased demand for AI-enabled storage solutions.

• Examining complex challenges details how geopolitical events such as the war between Russia and Ukraine present significant disruption risks, highlighting the resilience of the AI-powered storage market.

This in-depth look at the AI-driven storage market provides decision-makers not only with a granular understanding of the current state, but also with strategic insight into the years to come. An essential handbook for industry players, this report outlines the key criteria for success in a vast and rapidly evolving technology landscape.

Key Attributes:

A selection of companies mentioned in this report include

• Google SARL

• Samsung Electronics Co. Ltd.

• Microsoft Corporation

• Dell Technologies Inc.

• Hitachi Ltd.

• Lenovo Group Limited

• Intel Company

• International Office Machinery Society

• Cisco Systems Inc.

• Fujitsu Limited

• Micron Technology Inc.

• Hewlett Packard Enterprise Company (HPE)

• NVIDIA Company

• Toshiba Company

• Pure Storage Inc.

• Veritas Technologies LLC

• Cohésité Inc.

• Infinity

• Tintri Inc.

• CTERA Networks Ltd.

• Zadara Inc.

• Pavillon Data Systems Inc.

• MinIO Inc.

• DriveScale Inc.

• Caringo Inc.

For more information on this report, visit https://www.researchandmarkets.com/r/6l6gaj

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