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AI-Powered Storage Trends and Forecast
The future of the global AI-powered storage market looks promising with opportunities in the enterprise, government, cloud service provider, and telecom markets. The global AI-powered storage market is expected to reach an estimated $73.6 billion by 2030 with a CAGR of 21.8% from 2024 to 2030. The major drivers for this market are enormous increase in data volumes, growing demand for modernized storage architecture in enterprise infrastructure, and rising use of cloud-based services.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
AI-Powered Storage by Segment
The study includes a forecast for the global AI-Powered storage by offering, storage system, storage medium, end use industry, and region.
AI-Powered Storage Market by Offering [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Software
AI-Powered Storage Market by Storage System [Shipment Analysis by Value from 2018 to 2030]:
• Direct-Attached Storage (DAS)
• Network-Attached Storage (NAS)
• Storage Area Network (SAN)
AI-Powered Storage Market by Storage Medium [Shipment Analysis by Value from 2018 to 2030]:
• Hard Disk Drive (HDD)
• Solid State Drive (SSD)
AI-Powered Storage Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Enterprises
• Government
• Cloud Service Providers
• Telecom
AI-Powered Storage Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of AI-Powered Storage Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AI-Powered storage companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AI-Powered storage companies profiled in this report include-
• Intel
• NVIDIA
• IBM
• Pure Storage
• NetApp
• Micron Technology
• CISCO
• Dell Technologies
• HPE
AI-Powered Storage Market Insights
Lucintel forecasts that storage area network is expected to witness highest growth over the forecast period due to its significant usage among small- and mid-sized companies given to their low implementation costs and ability to virtualize datacenters.
North America is expected to witness highest growth over the forecast period due to presence of top data storage companies, existence of tech-savvy population, and rapid digitalization in the region.
Features of the Global AI-Powered Storage Market
Market Size Estimates: AI-powered storage market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: AI-powered storage market by various segments, such as by offering, storage system, storage medium, end use industry and region in terms of($B).
Regional Analysis: AI-powered storage market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different offerings, storage systems, storage mediums, end use industries, and regions for the AI-powered storage market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AI-powered storage market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the AI-powered storage market size?
Answer: The global AI-powered storage market is expected to reach an estimated $73.6 billion by 2030.
Q.2 What is the growth forecast for AI-powered storage market?
Answer: The global AI-powered storage market is expected to grow with a CAGR of 21.8% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the AI-powered storage market?
Answer: The major drivers for this market are enormous increase in data volumes, growing demand for modernized storage architecture in enterprise infrastructure, and rising use of cloud-based services.
Q4. What are the major segments for AI-powered storage market?
Answer: The future of the AI-powered storage market looks promising with opportunities in the enterprise, government, cloud service provider, and telecom markets.
Q5. Who are the key AI-powered storage market companies?
Answer: Some of the key AI-Powered storage companies are as follows:
• Intel
• NVIDIA
• IBM
• Pure Storage
• NetApp
• Micron Technology
• CISCO
• Dell Technologies
• HPE
Q6. Which AI-powered storage market segment will be the largest in future?
Answer: Lucintel forecasts that storage area network is expected to witness highest growth over the forecast period due to its significant usage among small- and mid-sized companies given to their low implementation costs and ability to virtualize datacenters.
Q7. In AI-powered storage market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to presence of top data storage companies, existence of tech-savvy population, and rapid digitalization in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the AI-powered storage market by offering (hardware and software), storage system (direct-attached storage (DAS), network-attached storage (NAS), and storage area network (SAN)), storage medium (hard disk drive (HDD) and solid state drive (SSD)), end use industry (enterprises, government, cloud service providers, and telecom), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Ai-Powered Storage Market, Ai-Powered Storage Market Size, Ai-Powered Storage Market Growth, Ai-Powered Storage Market Analysis, Ai-Powered Storage Market Report, Ai-Powered Storage Market Share, Ai-Powered Storage Market Trends, Ai-Powered Storage Market Forecast, Ai-Powered Storage Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global AI-Powered Storage Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global AI-Powered Storage Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global AI-Powered Storage Market by Offering
3.3.1: Hardware
3.3.2: Software
3.4: Global AI-Powered Storage Market by Storage System
3.4.1: Direct-Attached Storage (DAS)
3.4.2: Network-Attached Storage (NAS)
3.4.3: Storage Area Network (SAN)
3.5: Global AI-Powered Storage Market by Storage Medium
3.5.1: Hard Disk Drive (HDD)
3.5.2: Solid State Drive (SSD)
3.6: Global AI-Powered Storage Market by End Use Industry
3.6.1: Enterprises
3.6.2: Government
3.6.3: Cloud Service Providers
3.6.4: Telecom
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global AI-Powered Storage Market by Region
4.2: North American AI-Powered Storage Market
4.2.1: North American AI-Powered Storage Market by Storage System: Direct-Attached Storage (DAS), Network-Attached Storage (NAS), and Storage Area Network (SAN)
4.2.2: North American AI-Powered Storage Market by End Use Industry: Enterprises, Government, Cloud Service Providers, and Telecom
4.3: European AI-Powered Storage Market
4.3.1: European AI-Powered Storage Market by Storage System: Direct-Attached Storage (DAS), Network-Attached Storage (NAS), and Storage Area Network (SAN)
4.3.2: European AI-Powered Storage Market by End Use Industry: Enterprises, Government, Cloud Service Providers, and Telecom
4.4: APAC AI-Powered Storage Market
4.4.1: APAC AI-Powered Storage Market by Storage System: Direct-Attached Storage (DAS), Network-Attached Storage (NAS), and Storage Area Network (SAN)
4.4.2: APAC AI-Powered Storage Market by End Use Industry: Enterprises, Government, Cloud Service Providers, and Telecom
4.5: ROW AI-Powered Storage Market
4.5.2: ROW AI-Powered Storage Market by Storage System: Direct-Attached Storage (DAS), Network-Attached Storage (NAS), and Storage Area Network (SAN)
4.5.4: ROW AI-Powered Storage Market by End Use Industry: Enterprises, Government, Cloud Service Providers, and Telecom
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global AI-Powered Storage Market by Offering
6.1.2: Growth Opportunities for the Global AI-Powered Storage Market by Storage System
6.1.3: Growth Opportunities for the Global AI-Powered Storage Market by Storage Medium
6.1.4: Growth Opportunities for the Global AI-Powered Storage Market by End Use Industry
6.1.5: Growth Opportunities for the Global AI-Powered Storage Market by Region
6.2: Emerging Trends in the Global AI-Powered Storage Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global AI-Powered Storage Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global AI-Powered Storage Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Intel
7.2: NVIDIA
7.3: IBM
7.4: Pure Storage
7.5: NetApp
7.6: Micron Technology
7.7: CISCO
7.8: Dell Technologies
7.9: HPE
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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