According to a new report, published by KBV research, The Global Storage Area Artificial Intelligence Network Market size is expected to reach $70.66 billion by 2031, rising at a market growth of 24.5% CAGR during the forecast period.
The Software segment is anticipating a CAGR of 25% during (2024 - 2031). This development reflects the growing adoption of intelligent management solutions and AI algorithms tailored for storage networks. Software solutions enable features like predictive analytics, automated storage optimization, and enhanced data security, essential for maximizing the efficiency and performance of AI-enhanced SAN systems. As organizations increasingly seek flexible and scalable solutions, software that integrates seamlessly with existing infrastructure has gained traction.
The Solid-State Drive (SSD) segment is leading the Global Storage Area Artificial Intelligence Network Market by Storage Medium in 2023; thereby, achieving a market value of $36.49 billion by 2031. SSDs are particularly well-suited for AI applications, requiring high-speed data processing and low latency to perform real-time analytics, machine learning, and data optimization. Additionally, the growing demand for energy-efficient and compact storage solutions has fueled the adoption of SSDs, as they consume less power and offer a smaller form factor without compromising performance. Industries such as IT, healthcare, and e-commerce have increasingly relied on SSDs to meet the demands of AI-powered SAN systems, driving the segment's dominance in the market.
The file Storage segment is registering a CAGR of 23.7% during (2024 - 2031). The segment is driven by its simplicity and efficiency in managing unstructured data such as documents, images, and videos. Its hierarchical structure and accessibility render it a favored option for organizations that necessitate uncomplicated data organization and retrieval. The widespread use of file storage in industries like media, education, and healthcare is further enhanced by AI-driven capabilities, which improve search functionality and streamline data management. The growing need for scalable solutions to handle the increasing volume of unstructured data ensures the sustained demand for file storage systems.
Full Report: https://www.kbvresearch.com/storage-area-artificial-intelligence-network-market/
The North America region dominated the Global Storage Area Artificial Intelligence Network Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $23.9 billion by 2031. The Europe region is experiencing a CAGR of 24.3% during (2024 - 2031). Additionally, The Asia Pacific region would showcase a CAGR of 25.4% during (2024 - 2031).
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