Gmi Research's blog : Europe AI-Powered Storage Market Share, Size & Forecast Report 2027

Gmi Research's blog

The Europe AI-Powered Storage Market is expected to grow at a faster CAGR over the forecast period (2020-2027).

The factors driving growth of the Europe AI-Powered Storage Market includes increasing penetration of connected devices across Untied Kingdom, France, and Germany, rising application of AI-powered storage solutions across end-use industries such as Media and Entertainment and Healthcare and Manufacturing and Government policies encouraging the adoption of AI powered storage solutions.     Moreover, increasing number of start-ups, proliferation of smart devices, rising demand for Artificial Intelligence (AI) in HPC data centers, increased adoption of latest technologies, huge volumes of data generated by companies and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major corporations on research and development, rise in the launch of innovative products, strategic partnership between enterprises, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

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However, growth of the Europe AI-Powered Storage Market is hindered due to growing concerns related to data privacy in servers.

The prominent players operating in the Europe AI-Powered Storage Market are Micron technology, Advanced Micro Devices (AMD), Intel Corporation, NVIDIA Corporation, Pure Storage, Dell Inc., IBM Corporation, Hewlett Packard Enterprise Company, Cisco Corporation, NetApp, and Samsung Electronics, among others.

Based on Storage System, the Network-Attached Storage Systems segment is predicted to grow at a significant CAGR during the forecast period

Growing adoption of Network-attached storage systems by organizations because it is easy to use, automates backup data and helps in storing data, are some of the factors responsible for growth of the segment.

Based on End-User, the Healthcare segment is projected to expand at a remarkable CAGR over the forecast period

AI-Powered storage solutions are increasingly adopted by healthcare institutions because it helps in analyzes patients data at low cost along with rising focus on precision medicines, are propelling segment’s growth.

Key Development

  • In Dec 2018, IBM and Nvidia partnered to launch new AI-powered storage as IBM Spectrum AI with Nvidia DGX. The tool is designed to be used with data tools like Spark, TensorFlow or PyTorch.

Market Segmentation

Segmentation by Offering

  • Hardware
    • Storage Medium
      • SSD
      • HDD
    • Other Hardware
      • CPU
      • GPU
    • Software

Segmentation by Storage System

  • Direct-Attached Storage Systems
  • Network-Attached Storage Systems
  • Storage Area Network

Segmentation by Storage Architecture

  • File and Object-Based Storage
    • File Storage
    • Object Storage
  • Block Storage

Segmentation by Storage Medium

  • Hard Disk Drive
  • Solid State Drive
    • All-Flash Arrays
    • Hybrid Flash Arrays

Segmentation by End-User

  • Enterprises
    • BFSI
    • Healthcare
    • Media and Entertainment
    • Retail
    • Consumer Goods
    • Manufacturing,
    • Other Enterprises
      • Aerospace and Defense
      • Business and Consulting
      • Education and Research,
      • Energy
    • Government Bodies
    • Cloud Service Providers
    • Telecom Companies

Segmentation by Countries

  • Germany AI-powered Storage Market
  • France AI-powered Storage Market
  • UK AI-powered Storage Market
  • Italy AI-powered Storage Market
  • Rest of Europe AI-powered Storage Market

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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  • Technology
On: 2023-01-13 12:01:27.949

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