Valued to be $47.5 Billion by 2026, Artificial Intelligence (AI)-powered Storage Slated for Robust Growth Worldwide

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Jun 23, 2022, 09:55 ET

SAN FRANCISCO, June 23, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Artificial Intelligence (AI)-powered Storage - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

Valued to be $47.5 Billion by 2026, Artificial Intelligence (AI)-powered Storage Slated for Robust Growth Worldwide

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Edition: 7; Released: January 2022
Executive Pool: 133779
Companies: 203 - Players covered include Advanced Micro Devices (AMD); Cisco Corporation; Datadirect Network; Dell Technologies; Flextronics International; Fujitsu; Hewlett Packard Enterprise (HPE) Company; Hitachi; IBM Corporation; Intel Corporation; Lenovo; Micron Technology; Netapp; NVIDIA Corporation; Pure Storage; Samsung Electronics; Seagate Technology PLC; Tintri; Toshiba Corporation; Western Digital and Others.
Coverage: All major geographies and key segments
Segments: Component (Hardware, Software); Storage Medium (Solid-State Drive, Hard Disk Drive); End-Use (Cloud Service Providers, Enterprises, Government Bodies, Telecom Companies)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Artificial Intelligence (AI)-powered Storage Market to Reach $47.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Artificial Intelligence (AI)-powered Storage estimated at US$12.8 Billion, is projected to reach a revised size of US$47.5 Billion by 2026, growing at a CAGR of 24% over the analysis period. Hardware, one of the segments analyzed in the report, is projected to record a 23.5% CAGR and reach US$37.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 25.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5 Billion in 2021, While China is Forecast to Reach $8.3 Billion by 2026
The Artificial Intelligence (AI)-powered Storage market in the U.S. is estimated at US$5 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.3 Billion by the year 2026 trailing a CAGR of 23.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.7% and 20.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 16.8% CAGR. More

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.