The North America AI Powered Storage Market would witness market growth of 23.7 % CAGR during the forecast period (2022-2028).
Artificial intelligence is rapidly becoming indispensable when it comes to satisfying today's storage demands. It makes it possible to analyze such a large amount of data so fast and intelligently, and it also helps prevent bottlenecks, availability challenges, and security concerns. The IT team can spend less time-fighting fires because of AI-based storage, which also pushes improved availability and more productivity out of the infrastructure.
The capacity of human engineers to monitor, manage and maintain large-scale data storage is becoming a barrier to scalability and efficient operations as the demands of AI cause storage systems to expand in size. Although businesses can collect massive amounts of data through the use of these storage systems and applications, it is challenging for them to generate information that can be put into action if they do not make use of an intelligent and automated storage system that is capable to self-predict and analyze real-time data.
The United States of America has begun a multi-stakeholder program that is dubbed "Global partnership on artificial intelligence" (GPAI). This initiative seeks to respect the people's freedom while bringing together expert thought. Through a wide variety of international partnerships for AI research and development, many US government departments, including the Office of the Under Secretary of State for Economic Growth, Energy, and the Environment, are providing support for the United States' science and technology enterprise. These steps taken by the government will stimulate more significant investment in the research and development of artificial intelligence projects, which will boost the expansion of the market for AI-powered storage in the North American area.
The US market dominated the North America AI Powered Storage Market by Country in 2021, achieving a market value of $16,961.5 million by 2028. The Canada market is registering a CAGR of 26.5% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 25.4% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global AI Powered Storage Market is Predict to reach $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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