The Latin America, Middle East and Africa AI Powered Storage Market would witness market growth of 26.8% CAGR during the forecast period (2022-2028).
In a world with a huge amount of data, data that is kept is not nearly as important as shared data. In order to create scale-out storage solutions that reduce the time spent waiting for insights for data-driven enterprises, AI-enabled storage uses contemporary analytics and AI workloads. The utilization of various analytics tools and procedures by AI-enabled storage enables the delivery of high-performance data insights on billions of stored items and files in a concise time. The aforementioned data insights are helpful for firms in the process of deciding on significant business matters.
Storage that is equipped with AI may assist in the creation of reports on the data functions and insights that are provided. They make it possible to configure warning systems in order to deal with scenarios involving the failure of data storage or anomalies in the data. The value of the data being saved and the ways in which it is accessed may be better determined with the assistance of AI-enabled storage. This assists in making important judgments, such as which kind of storage to use, which data are most important, and which data are not needed. In turn, this enables enterprises to make intelligent investments in data storage capacity and minimize expenses associated with storing enormous amounts of data in terabytes.
A highly competitive market for the Information and Communication Technology (ICT) sector can be found in the United Arab Emirates (UAE), which is a prominent center for international commerce and business in the Middle East and North Africa (MENA) region. The SmartPass system in the UAE has established a digital infrastructure that can be used by all of the government's services and departments. However, these services will be modified to accommodate the United Arab Emirates Strategy for Artificial Intelligence (AI) 2031.
The Brazil market dominated the LAMEA AI Powered Storage Market by Country in 2021, achieving a market value of $1,185.6 million by 2028. The Argentina market is experiencing a CAGR of 27.5% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 26.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 