Europe AI Powered Storage Market

Europe AI Powered Storage Market Size, Share & Industry Trends Analysis Report By Component, By Storage Architecture, By Storage System, By Storage Medium (Hard Disk Drive and Solid-State Drive), By End User, By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-13128 Publication Date: January-2023 Number of Pages: 155
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Market Report Description

The Europe AI Powered Storage Market would witness market growth of 24.2% CAGR during the forecast period (2022-2028).

Building a successful AI-based storage infrastructure also requires addressing each of the three distinct phases in the AI storage pipeline, including data ingestion (the process of ingesting and normalizing the information from various environments so that users can glance across it as a whole), training (the process of utilizing machine learning to investigate the information to comprehend what's inside of it), and inference (the process of concluding what's really inside the data) (the stage of delivering insights).

Storage that is designated for AI workloads will unavoidably be required to carry out several essential tasks, such as identity and access management setups, dynamic management of file and resource rights, processing directives, and routing and load balancing schemes. Scalability and performance are two characteristics that must be present in AI storage. Period. The demands placed on workloads may change over time, and AI workload storage must be able to adjust to these shifts without hindering the workloads themselves.

The telecom sector in the United Kingdom is one of the industries that provide a significant opportunity for expansion for enterprises already in the field. The leading telecom operators are focusing on enhancing their infrastructure and delivering value-added services to boost the money they generate from the telecommunications industry. In recent times, participants have been putting in much effort to design a cloud computing architecture that can be combined with the imminent 5G infrastructure. Cloud-based telephony solutions are an absolute need to not only keep the firm's personnel linked with one another but also boost their productivity. In addition, it is projected that the rapidly expanding market for online shopping would bring in money for the telecommunications industry. This function provides telecom companies with a marketplace in which they may offer their wares in line with the desires of their customers.

The Germany market dominated the Europe AI Powered Storage Market by Country in 2021, achieving a market value of $4,430.7 million by 2028. The UK market is exhibiting a CAGR of 23.2% during (2022 - 2028). Additionally, The France market is poised to grow at a CAGR of 25.1% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global AI Powered Storage Market will Hit $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. (, Inc.), Google LLC (Alphabet Inc.), Cisco Systems, Inc., Hewlett-Packard Enterprise Company, Intel Corporation, Dell Technologies, Inc., Lenovo Group Limited, NetApp, Inc.

Scope of the Study

Market Segments Covered in the Report:

By Component

  • Hardware
  • Software

By Storage Architecture

  • File & Object Based Storage
  • Object Storage

By Storage System

  • Direct Attached Storage
  • Network Attached Storage
  • Storage Area Network

By Storage Medium

  • Hard Disk Drive
  • Solid State Drive

By End User

  • Enterprises
    • BFSI
    • Manufacturing
    • Media & Entertainment
    • Healthcare
    • Consumer Goods & Retail
    • Others
  • Cloud Service Providers
  • Telecom Companies
  • Others

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Key Market Players

List of Companies Profiled in the Report:

  • IBM Corporation
  • Microsoft Corporation
  • Amazon Web Services, Inc. (, Inc.)
  • Google LLC (Alphabet Inc.)
  • Cisco Systems, Inc.
  • Hewlett-Packard Enterprise Company
  • Intel Corporation
  • Dell Technologies, Inc.
  • Lenovo Group Limited
  • NetApp, Inc.
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