Report Id: SNS/SEMI/2606 | July 2022 | Region: Global | 133 Pages
Report Scope & Overview:
The AI-Powered Storage Market Size was valued at USD 21.46 billion in 2022 and is expected to reach USD 145.25 billion by 2030, and grow at a CAGR of 27% over the forecast period 2023-2030.
AI-powered storage is an intelligent storage system that uses artificial intelligence (AI) to continuously learn and adapt to its hybrid cloud environment in order to better manage and serve data. It is available as a virtual appliance, hardware, or as a cloud service. Using AI-powered storage, you can optimise data throughout its life cycle and move data to where it is needed. It also offers encryption and data security to help eliminate potential security threats. As a result, they are used in industries such as Enterprises, telecom companies, government, cloud service providers and others. The global AI-powered storage market is expanding rapidly and is expected to expand further in the coming years.
MARKET DYNAMICS:
KEY DRIVERS:
AI is becoming increasingly popular in HPC data centres.
Ned for Refreshing Global Enterprise Infrastructure's Storage Architecture is Required.
Growing Adoption of Cloud-Based Services.
RESTRAINTS:
Data Security Flaws in Cloud and Server-Based Services
Limited knowledge of AI hardware.
OPPORTUNITIES:
The availability of useful data analysis tools and their rapid development.
Increase in the number of cross-industry partnerships and collaborations.
CHALLENGES:
Concerns About Data Privacy.
AI Algorithms' Unreliability.
IMPACT OF COVID-19:
The COVID-19 outbreak has had a significant impact on the AI-powered storage market. New projects around the world have stalled, resulting in a drop in demand for analogue semiconductors. As workers stayed at home, global factories struggled to integrate new AI-powered storage, disrupting global supply chains. COVID-19's impact on this market is only temporary because only the production and supply chain are halted. Production, supply chains, and demand for AI-powered storage will gradually increase as the situation improves. This COVID-19 lockdown would encourage businesses to consider more advanced AI-powered storage to improve efficiency.
Based on offering, the AI-powered storage market is segmented into Hardware, and Software. Based on storage medium, the AI-powered storage market is segmented into Solid State Drive, and Hard Disk Drive. Based on storage architecture, the AI-powered storage market is segmented into Object Storage, File- and Object-Based Storage. Based on end-user, the AI-powered storage market is segmented into Enterprises, Telecom Companies, Government, Cloud Service Providers, and Others. Based on storage system, the AI-powered storage market is segmented into Direct-attached Storage, Storage Area Network, and Network-attached Storage. SAN storage systems facilitate storage pooling across datacenters. Because of their lower implementation costs, these systems are expected to gain popularity among small and medium-sized businesses. Furthermore, they contribute to datacenter virtualization, which leads to a high demand for these storage system types. Many businesses have begun to use cloud-based services to store their data using virtual servers, and they intend to expand their storage capacities beyond existing infrastructure capabilities to meet the demand for AI-enabled applications and workloads.
COMPETITIVE LANDSCAPE:
The key players in the AI-powered storage market are Dell Technologies, Advanced Micro Devices, CISCO, IBM, Toshiba, Intel Corporation, Hitachi, NVIDIA Corporation, Samsung Electronics, and Data direct Network.
MARKET SEGMENTS:
BY OFFERING
Hardware
Software
BY STORAGE SYSTEM
Direct-attached Storage
Storage Area Network
Network-attached Storage
BY STORAGE MEDIUM
Solid State Drive
Hard Disk Drive
BY STORAGE ARCHITECTURE
Object Storage
File- and Object-Based Storage
BY END USER
Enterprises
Telecom Companies
Government
Cloud Service Providers
Others
REGIONAL ANALYSIS:
During the forecast period, North America is expected to have the largest share of the AI-powered storage market. The high concentration of data storage market participants, the easy availability of skilled technical talent, and the growing adoption of AI in the manufacturing, banking, telecom, and healthcare industries are the primary drivers of the market. During the forecast period, Asia-Pacific is expected to have the highest CAGR. The region's adoption of AI technology, as well as the rise in demand for cloud-based services and the use of robotics in industrial industries, are the primary drivers of the AI-powered storage market's rapid expansion.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 21.46 Billion |
Market Size by 2030 | US$ 145.25 Billion |
CAGR | CAGR of 27% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Offering (Hardware, Software) • By Storage System (Direct-Attached Storage, Storage Area Network, Network-Attached Storage) • By Storage Medium (Solid State Drive, Hard Disk Drive) • By Storage Architecture (Object Storage, File- And Object-Based Storage) • By End-User (Enterprises, Telecom Companies, Government, Cloud Service Providers, Others) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Sumitomo Electric Industries, Robert Bosch, Toshiba Corporation, Infineon Technologies, Microchip Technology, Raytheon Company, STMicroelectronics, Mitsubishi Electric Corporation, Panasonic Corporation, and NXP Semiconductor. |
Key Drivers | • AI is becoming increasingly popular in HPC data centres. • Need for Refreshing Global Enterprise Infrastructure's Storage Architecture is Required. |
RESTRAINTS | • Data Security Flaws in Cloud and Server-Based Services • Limited knowledge of AI hardware. |
Frequently Asked Questions (FAQ) :
The market value is expected to reach USD 90 billion by 2028.
Data Security Flaws in Cloud and Server-Based Services, and Limited knowledge of AI hardware.
The key players in the AI-powered storage market are Dell Technologies, Advanced Micro Devices, CISCO, IBM, Toshiba, Intel Corporation, Hitachi, NVIDIA Corporation, Samsung Electronics, and Data direct Network.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. AI-Powered Storage Market Segmentation, by offering
8.1Introduction
8.2 Hardware
8.3 Software
9. AI-Powered Storage Market Segmentation, by storage system
9.1Introduction
9.2 Direct-attached Storage
9.3 Storage Area Network
9.4 Network-attached Storage
10. AI-Powered Storage Market Segmentation, by storage medium
10.1 Introduction
10.2 Solid State Drive
10.3 Hard Disk Drive
11. AI-Powered Storage Market Segmentation, by storage architecture
11.1 Introduction
11.2 Object Storage
11.3 File- and Object-Based Storage
12. AI-Powered Storage Market Segmentation, by end-user
12.1 Introduction
12.2 Enterprises
12.3 Telecom Companies
12.4 Government
12.5 Cloud Service Providers
12.6 Others
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14. Company Profiles
14.1 Data direct Network
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Dell Technologies
14.3 Advanced Micro Devices
14.4 CISCO
14.5 IBM
14.6 Toshiba
14.7 Intel Corporation
14.8 Hitachi
14.9 NVIDIA Corporation
14.10 Samsung Electronics
15. Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share analysis
15.3 Recent Developments
16. Conclusion
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