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.
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.
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.
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.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Hardware
- Software
By Storage Architecture
- File & Object Based Storage
- Object Storage
By Storage System
- Direct Attached Storage
- Network Attached Storage
- Storage Area Network
By Storage Medium
- Hard Disk Drive
- Solid State Drive
By End User
- Enterprises
- BFSI
- Manufacturing
- Media & Entertainment
- Healthcare
- Consumer Goods & Retail
- Others
- Cloud Service Providers
- Telecom Companies
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America AI Powered Storage Market, by Component
1.4.2 North America AI Powered Storage Market, by Storage Architecture
1.4.3 North America AI Powered Storage Market, by Storage System
1.4.4 North America AI Powered Storage Market, by Storage Medium
1.4.5 North America AI Powered Storage Market, by End User
1.4.6 North America AI Powered Storage Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Acquisition and Mergers: 2019, Aug - 2023, Jan) Leading Players
Chapter 4. North America AI Powered Storage Market by Component
4.1 North America Hardware Market by Country
4.2 North America Software Market by Country
Chapter 5. North America AI Powered Storage Market by Storage Architecture
5.1 North America File & Object Based Storage Market by Country
5.2 North America Object Storage Market by Country
Chapter 6. North America AI Powered Storage Market by Storage System
6.1 North America Direct Attached Storage Market by Country
6.2 North America Network Attached Storage Market by Country
6.3 North America Storage Area Network Market by Country
Chapter 7. North America AI Powered Storage Market by Storage Medium
7.1 North America Hard Disk Drive Market by Country
7.2 North America Solid State Drive Market by Country
Chapter 8. North America AI Powered Storage Market by End User
8.1 North America Enterprises Market by Country
8.2 North America AI Powered Storage Market by Enterprises Type
8.2.1 North America BFSI Market by Country
8.2.2 North America Manufacturing Market by Country
8.2.3 North America Media & Entertainment Market by Country
8.2.4 North America Healthcare Market by Country
8.2.5 North America Consumer Goods & Retail Market by Country
8.2.6 North America Others Market by Country
8.3 North America Cloud Service Providers Market by Country
8.4 North America Telecom Companies Market by Country
8.5 North America Others Market by Country
Chapter 9. North America AI Powered Storage Market by Country
9.1 US AI Powered Storage Market
9.1.1 US AI Powered Storage Market by Component
9.1.2 US AI Powered Storage Market by Storage Architecture
9.1.3 US AI Powered Storage Market by Storage System
9.1.4 US AI Powered Storage Market by Storage Medium
9.1.5 US AI Powered Storage Market by End User
9.1.5.1 US AI Powered Storage Market by Enterprises Type
9.2 Canada AI Powered Storage Market
9.2.1 Canada AI Powered Storage Market by Component
9.2.2 Canada AI Powered Storage Market by Storage Architecture
9.2.3 Canada AI Powered Storage Market by Storage System
9.2.4 Canada AI Powered Storage Market by Storage Medium
9.2.5 Canada AI Powered Storage Market by End User
9.2.5.1 Canada AI Powered Storage Market by Enterprises Type
9.3 Mexico AI Powered Storage Market
9.3.1 Mexico AI Powered Storage Market by Component
9.3.2 Mexico AI Powered Storage Market by Storage Architecture
9.3.3 Mexico AI Powered Storage Market by Storage System
9.3.4 Mexico AI Powered Storage Market by Storage Medium
9.3.5 Mexico AI Powered Storage Market by End User
9.3.5.1 Mexico AI Powered Storage Market by Enterprises Type
9.4 Rest of North America AI Powered Storage Market
9.4.1 Rest of North America AI Powered Storage Market by Component
9.4.2 Rest of North America AI Powered Storage Market by Storage Architecture
9.4.3 Rest of North America AI Powered Storage Market by Storage System
9.4.4 Rest of North America AI Powered Storage Market by Storage Medium
9.4.5 Rest of North America AI Powered Storage Market by End User
9.4.5.1 Rest of North America AI Powered Storage Market by Enterprises Type
Chapter 10. Company Profiles
10.1 IBM Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional & Segmental Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Product Launches and Product Expansions:
10.1.5.3 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 Microsoft Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Acquisition and Mergers:
10.2.6 SWOT Analysis
10.3 Amazon Web Services, Inc. (Amazon.com, Inc.)
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental Analysis
10.3.4 SWOT Analysis
10.4 Google LLC (Alphabet Inc.)
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations, and Agreements:
10.4.5.2 Acquisition and Mergers:
10.4.6 SWOT Analysis
10.5 Cisco Systems, Inc.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Acquisition and Mergers:
10.5.6 SWOT Analysis
10.6 Dell Technologies, Inc.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expense
10.6.5 Recent strategies and developments:
10.6.5.1 Acquisition and Mergers:
10.6.6 SWOT Analysis:
10.7 Hewlett Packard Enterprise Company
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expense
10.7.5 Recent strategies and developments:
10.7.5.1 Acquisition and Mergers:
10.7.6 SWOT Analysis
10.8 Intel Corporation
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expenses
10.8.5 Recent strategies and developments:
10.8.5.1 Acquisition and Mergers:
10.8.6 SWOT Analysis
10.9 NetApp, Inc.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Regional Analysis
10.9.4 Research & Development Expense
10.9.5 Recent strategies and developments:
10.9.5.1 Acquisition and Mergers:
10.9.6 SWOT Analysis
10.10. Lenovo Group Limited
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expense
10.10.5 Recent strategies and developments:
10.10.5.1 Partnerships, Collaborations, and Agreements:
Companies Mentioned
- 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.
Methodology
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