Rise in acceptance of artificial intelligence services and surging data volumes to boost the global AI powered storage market trends. Region-wise, the North American region held the major market share in 2021, holding more than two-fifths of the global AI powered storage market share and is expected to maintain its leadership status during the forecast period.

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According to the report published by Allied Market Research, the globalAI powered storage market generated $15.6 billion in 2021, and is projected to reach $162.5 billion by 2031, growing at a CAGR of 26.7% from 2022 to 2031

Based on storage medium, the hard disk drive segment held the major market share in 2021, contributing to more than half of the global AI powered storage market share. However, solid state drive is expected to maintain its leadership position in terms of revenue and register the highest CAGR of 28.0% during the forecast period.

Based on component, the hardware segment held the major market share in 2021, holding nearly three-fifths of the global AI powered storage market share, and is expected to maintain its leadership status during the forecast period. However, the software segment, is expected to cite the fastest CAGR of 28.2% during the forecast period.

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On the basis of storage architecture, the file and object based storage segment held the largest market share in 2021, accounting for nearly two-thirds of the global AI powered storage market share, and is expected to maintain its leadership status during the forecast period. Nevertheless, the object storage segment, is expected to cite the highest CAGR of 28.1% during the forecast period.

In terms of end user, the enterprises segment held the major market share in 2021, contributing to nearly two-fifths of the global AI powered storage market share, and is expected to maintain its leadership position during the forecast period. However, the government bodies segment, is expected to cite the fastest CAGR of 28.9% during the forecast period.

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The report offers a detailed segmentation of the global AI powered storage market based on component, storage system, storage architecture, storage medium, end user, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest-growing segments and highest revenue generation that is mentioned in the report.

The key players analyzed in the global AI powered storage market report include Advanced Micro Devices, Inc., Amazon Web Services, Inc., Cisco Systems, Inc., Dell Technologies Inc., Fujitsu Limited, Google, Inc., Hitachi, Ltd., The Hewlett Packard Enterprise Company, Intel Corporation, Lenovo Group Limited, Micron Technology, Inc., Microsoft Corporation, NetApp, Inc., The International Business Machines Corporation, Pure Storage, Samsung Electronics Co., Ltd., and Toshiba Corporation

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨:

• 𝐓𝐡𝐞 𝐨𝐮𝐭𝐛𝐫𝐞𝐚𝐤 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐩𝐚𝐧𝐝𝐞𝐦𝐢𝐜 𝐡𝐚𝐝 𝐧𝐞𝐠𝐚𝐭𝐢𝐯𝐞𝐥𝐲 𝐢𝐦𝐩𝐚𝐜𝐭𝐞𝐝 𝐭𝐡𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐀𝐈 𝐩𝐨𝐰𝐞𝐫𝐞𝐝 𝐬𝐭𝐨𝐫𝐚𝐠𝐞 𝐦𝐚𝐫𝐤𝐞𝐭, 𝐨𝐰𝐢𝐧𝐠 𝐭𝐨 𝐭𝐨𝐭𝐚𝐥 𝐬𝐡𝐮𝐭𝐝𝐨𝐰𝐧 𝐨𝐟 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐮𝐧𝐢𝐭𝐬 𝐚𝐜𝐫𝐨𝐬𝐬 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐞.

• 𝐇𝐨𝐰𝐞𝐯𝐞𝐫, 𝐚 𝐥𝐚𝐫𝐠𝐞 𝐧𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐞𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞𝐬 𝐚𝐝𝐨𝐩𝐭𝐞𝐝 𝐀𝐈-𝐩𝐨𝐰𝐞𝐫𝐞𝐝 𝐬𝐭𝐨𝐫𝐚𝐠𝐞 𝐬𝐲𝐬𝐭𝐞𝐦𝐬 𝐟𝐨𝐫 𝐫𝐞𝐚𝐥-𝐭𝐢𝐦𝐞 𝐬𝐭𝐨𝐫𝐚𝐠𝐞 𝐨𝐟 𝐝𝐚𝐭𝐚 𝐭𝐨 𝐞𝐱𝐩𝐚𝐧𝐝 𝐭𝐡𝐞𝐢𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐚𝐥𝐨𝐧𝐠 𝐰𝐢𝐭𝐡 𝐫𝐞𝐝𝐮𝐜𝐢𝐧𝐠 𝐭𝐮𝐫𝐧𝐚𝐫𝐨𝐮𝐧𝐝 𝐭𝐢𝐦𝐞. 𝐓𝐡𝐢𝐬 𝐥𝐞𝐝 𝐭𝐨 𝐚 𝐦𝐚𝐬𝐬𝐢𝐯𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐩𝐚𝐧𝐝𝐞𝐦𝐢𝐜.

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