Latest News- AI Powered Storage Market: Storage area network is expected to lead the Type segment during 2025-2029

The AI Powered Storage Market is being driven by Exponential growth of unstructured data driven by AI and IoT

The AI Powered Storage Market is expected to grow at a CAGR of 25.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 64057.4 million. The AI-powered storage market is experiencing exponential growth and widespread adoption due to the increasing demand for large-scale AI applications, particularly in generative artificial intelligence. The immense data requirements for training and fine-tuning large language models (LLMs) and diffusion models for image and video generation are fundamentally transforming enterprise storage strategies. Traditional storage architectures, designed for general-purpose enterprise workloads, are insufficient for the unique, highly parallel, and read-intensive access patterns of AI training. Instead, organizations require storage systems that offer unprecedented levels of parallel performance, massive throughput, and low latency to prevent data starvation of expensive GPU compute clusters. This paradigm shift necessitates a move beyond conventional storage solutions. 

Get more information on AI Powered Storage Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Storage area network
  • Direct attached storage
  • Network attached storage
• Product Type
  • File based
  • Object based
• Solution
  • Hard disk drive
  • Solid state drive
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Exponential growth of unstructured data driven by AI and IoT
• Economic imperative for performance optimization and total cost of ownership reduction
• Paradigm shift introduced by generative AI and large language models

However, the market also witnesses some limitations, which are as follows:

• Overcoming intricate data privacy, security, and governance hurdles
• Navigating prohibitive implementation costs and complex integration pathways
• Critical scarcity of specialized AI professionals and widening talent gap

Benefits of Buying Global AI Powered Storage Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in AI Powered Storage Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The AI-powered storage market encompasses various aspects of storage management, including forecasting storage capacity, formulating data migration strategies, designing storage infrastructure, implementing network optimization techniques, devising data redundancy strategies, benchmarking storage performance, integrating storage systems, automating data lifecycle, provisioning storage, ensuring data governance compliance, implementing data protection mechanisms, controlling data versioning, measuring capacity utilization, modeling storage costs, improving storage efficiency, establishing data archiving policies, conducting storage security audits, optimizing data retrieval, testing storage scalability, selecting storage vendors, ingesting real-time data, choosing storage hardware, and selecting storage software. AI-driven approaches are being employed for provisioning storage, migrating data, and upgrading storage systems.

Market Research Overview

The AI-powered storage market is a segment of the broader IT software industry, focusing on companies that provide innovative storage solutions utilizing data deduplication techniques, cloud scalability, object storage architecture, and distributed file systems. These businesses develop and produce specialized software designed to optimize data management for enterprises and consumers, enhancing efficiency, reducing costs, and improving accessibility. According to Technavio's market analysis, the global IT software market encompasses revenue from all types of software providers, including cloud-based solutions. The application software market specifically targets companies engaged in creating software for specialized business or consumer applications, excluding interactive home entertainment and systems or database management software.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/