The Asia Pacific AI Powered Storage Market would witness market growth of 25.4% CAGR during the forecast period (2022-2028).
Artificial intelligence requires the processing and storing massive amounts of data in real-time, which must be done in the cloud environment. This data may then be accessed at a later time. This calls for a data storage system capable of great performance, adaptation, and flexibility. The requirement for machine learning and artificial intelligence is growing, which has increased the popularity of AI-powered storage. Furthermore, the usage of advanced analytics drives up the need for AI-powered storage, increasing the demand for corporate infrastructure. In addition, it is essential for the proliferation of linked devices and the digitalization of processes.
Artificial intelligence systems are required to analyze enormous volumes of data in a concise length of time. Because of this data volume, there is a considerable need for storage. A storage system that can expand without boundaries or auto-scale intelligently according to the requirements is necessary for managing huge data collections. With AI-enabled cloud storage, this is not a difficult feat to do at all.
Businesses that operate in various end-user industries are gradually implementing these technologies to better understand their customers' requirements and ensure that their existing offerings meet those requirements. This allows these businesses to stay one step ahead of their rivals and maintain their position as market leaders. In today's fiercely competitive market, cloud-based technology, sophisticated analytics, and automation have all established themselves as crucial tools for delivering a highly personalized customer experience and cultivating brand loyalty. Because of these factors, it is anticipated that the AI-powered storage market will significantly develop in the APAC region.
The China market dominated the Asia Pacific AI Powered Storage Market by Country in 2021, achieving a market value of $5,335.2 million by 2028. The Japan market would grow at a CAGR of 24.6% during (2022 - 2028). Additionally, The India market is showcasing a CAGR of 26.1% during (2022 - 2028).
Based on Component, the market is segmented into Hardware and Software. Based on Storage Architecture, the market is segmented into File & Object Based Storage and Object Storage. Based on Storage System, the market is segmented into Direct Attached Storage, Network Attached Storage and Storage Area Network. Based on Storage Medium, the market is segmented into Hard Disk Drive and Solid-State Drive. Based on End User, the market is segmented into Enterprises, Cloud Service Providers, Telecom Companies and Others. Based on Enterprises Type, the market is segmented into BFSI, Manufacturing, Media & Entertainment, Healthcare, Consumer Goods & Retail and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide AI Powered Storage Market is Projected to reach USD 66.5 Billion by 2028, at a CAGR of 24.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), Google LLC (Alphabet Inc.), Cisco Systems, Inc., Hewlett-Packard Enterprise Company, Intel Corporation, Dell Technologies, Inc., Lenovo Group Limited, NetApp, Inc.
By Component
By Storage Architecture
By Storage System
By Storage Medium
By End User
By Country
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