AI-Powered Storage Market Segmentation, Key Players, Competitive Landscape, Market Poised for Rapid Growth And Forecast To 2030

AI-Powered Storage Market Overview:

The projected market size of this AI-Powered Storage Market is Valued to be $25.05 Billion. Backed by a CAGR growth rate of 17.56%.

The reason behind this estimation of numbers & percentage is due to an increase in the tremendous growth of data chunks, arise in the need of the global infrastructure for the storage of data and in the upward inclination for the demand of Artificial intelligence (AI) in High power computing (HPC) data centers. In addition to this, the adoption of robotics in warehousing and the growth of cloud-based applications & services are also contributing to the worldwide AI-Powered Storage Market expansion.

With respect to the outbreak of Covid-19, The Pandemic had a big influence on the AI-Powered Storage Market for storage powered by artificial intelligence. This is due to the disturbance in the production and manufacturing industries of this market. This pandemic had a significant negative influence on the world economy, which created additional challenges for numerous industries and businesses around the world.

However, there has been an increase in demand for cutting-edge solutions to make remote working more comfortable. This further encouraged the development of new, creative methods that make use of artificial intelligence and machine learning. Additionally, a lot of businesses have used AI-powered storage for real-time data storage in order to improve their business models and speed up turnaround. Additionally, this growth has sparked large investments in this AI-Powered Storage Market across the globe.

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AI-Powered Storage Market Key players:

• ABB
• Schneider Electric
• Eaton Siemens
• GE
• ETAP
• Open Systems International Inc.
• The MathWorks Inc.
• Opal-RT Technologies Inc.
• PowerWorld Corporation
• Neplan AG
• RTDS Technologies Inc.
• Energy Exemplar
• Fuji Electric
• Atos SE

The key strategies followed by the above-named companies are the launch of advanced products & Mergers and acquisitions.

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Report Scope:

Regional analysis

On the basis of geographical analysis, the AI-Powered Storage Market has been dominated by North America. Due to a rise in the adoption of AI-powered storage to safeguard enterprises, sensitive data has been  assigned to the region’s rapid digitalization and technological advancements.

In addition to this, due to a growth in the cyber threats and a quick transition to cloud-based platforms, The Asia-Pacific region  is anticipated to experience the largest growth in the next few years.

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AI-Powered Storage Market Segmentation

The AI-Powered Storage Market has been fragmented into 4 segments. On the basis of Component, Module, End user & Storage.

On the basis of Module, the AI-Powered Storage Market is been further subdivided into Load Flow, Harmonics

Short Circuit, Device Coordination Selectivity & Arc Flash. On the basis of Component, it’s been bifurcated into Hardware, Software & Services. By End-user, it’s been classified as Enterprises, Government bodies, Cloud based services & Telecom companies. Lastly, on the basis of storage it’s been divided into Direct Attached Storage (DAS), Storage Area Network (SAN) & Network Attached Storage (NAS)

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