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Global AI-Powered Storage Market
Global AI-Powered Storage Market
The GMI Research report presumes that the AI-Powered Storage Market will proliferate over the forecast period. This is because of the better decision making ability, growing government norms, and increasing adoption of hybrid cloud environment for enhanced serving data.
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AI-Powered Storage Market Dynamics
Stimulation in the global AI-powered storage market is primarily because of the augmenting espousal of data analytics to enhance the decision making ability and the surging acquisition of cloud-based services by enterprises to retain the data with the application of virtual sensors. The rising government norms and complaisance regarding data creation will propel the market growth. Further, the growing demand for AI in better performing computing data centers and the mounting volume of data generated are other factors complementing the AI Powered Storage Market Size.
Besides this, the huge development in the data volumes and the propelling demand for modernised storage architecture in large scale enterprise infrastructure will further complement the market growth. However, the augmenting agitation towards data privacy in server and cloud-based services, inadequate number of technologically trained competent in AI hardware and indentation of AI algorithm will restrain the AI-Powered Storage Market Share.
Storage Architecture Segment Drivers
On the basis of storage architecture, the Ai-powered storage market can be bifurcated into file- and object-based and block storage. Amongst which, the block storage segment is anticipated to expand at a faster rate over the forecast period. The block storage segment offers files storage for specific applications such as virtualised machine file systems which has bolstered the market growth.
Regional Drivers
The Asia-Pacific region is anticipated to hold a prominent share in the AI-powered storage market over the forecast period. China accounts to be the largest market among all the other APAC countries. This is primarily because of the increasing acquisition of modern technologies in China to remain in the global market competition.
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