Industry Overview
AI Powered Storage Market was valued at $19.4 billion in 2024 and is projected to grow at a CAGR of 25.8% during the forecast period (2025-2035). This rapid growth is fueled by the explosive growth in unstructured data, increasing cloud usage, and expanding requirements for smart data management across hyperscale and edge computing environments. As companies shift towards AI-first designs, there is a growing demand for storage systems that have the capability to handle real-time analytics, machine learning, and automation is boosting globally.
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Market Players Outlook
The key players in the global AI Powered Storage market are Continental AG, ZF Friedrichshafen AG, Melrose Industries PLC, Dana Ltd., and Robert Bosch GmbH, among others. The industry players are contemplating business expansion and product development by implementing strategies such as collaborations, mergers, and acquisitions to compete effectively in the market. For instance, in January 2024, Supermicro launches optimized storage solutions for AI and machine learning through the implementation of WEKA and AMD software for training quicker AI and providing deeper insights.
Recent Developments
- In May 2024, Huawei launched its new A800 AI storage system aimed at the growing demand for ultra-fast data infrastructure in AI training facilities. Designed to manage multi-petabyte data sets, the A800 boasts a scale-out architecture with petabytes-per-second bandwidth capacity and up to 100 million IOPS, making it a prime enabler of next-gen AI workloads.
- In May 2024, NetApp introduced its next-generation AFF A-Series systems, goal of enabling enterprises to meet the increasing demands of digital transformation. The systems are tailored for high-performance workloads such as VMware, Generative AI, and enterprise-class databases.
Some of the Key Companies in the AI Powered Storage Market include-
- Advanced Micro Devices, Inc.
- Alphabet Inc. (Google Inc.)
- Amazon Web Services, Inc.
- Cisco Systems Inc.
- Continental AG
- Dana Ltd.
- Dell Technologies Inc.
- Fujitsu Ltd.
- Hewlett Packard Enterprise Co.
- Hitachi, Ltd.
- IBM Corp.
- Intel Corp.
- Lenovo Group Ltd.
- Melrose Industries PLC
- Micron Technology, Inc.
- Microsoft Corp.
- NetApp, Inc.
- NVIDIA Corp.
- Pure Storage, Inc.
- Robert Bosch GmbH
- Samsung Electronics
- Toshiba Corp.
- ZF Friedrichshafen AG
AI Powered Storage Market Segmentation Analysis
Global AI Powered Storage Market by Components
- Hardware
- Software
Global AI Powered Storage Market by Storage Medium
- Hard Disk Drive (HDD)
- Solid State Drive (SSD)
Global AI Powered Storage Market by Storage System
- Direct-Attached Storage (DAS)
- Network-Attached Storage (NAS)
- Storage Area Network (SAN)
- Global AI Powered Storage Market by End-User
- BFSI
- Healthcare
- Media and Entertainment
- Retail
- Consumer Goods
- Manufacturing
- Others (Aerospace and Defense, Business and Consulting, Education and Research)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- ASEAN Economies (Singapore, Thailand, Vietnam, Indonesia, and Other)
- Australia and New Zealand
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East and Africa
Anurag Tiwari
Director Sales Division
+91 780-304-0404
info@omrglobal.com
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