Dedicated AI Storage Infrastructure Market Forecast to Grow 35% CAGR
INCLINE VILLAGE, Nev. – Aug. 13, 2024 – A newly released report by 650 Group, a leading Market Intelligence Research firm for communications, data center, and cloud markets, indicates that the Dedicated Artificial Intelligence (AI) Storage Infrastructure Market is expected to grow at a Compounded Annual Growth Rate (CAGR) of over 35% over the next five years. The new report also highlighted that AI Storage Market will reach a double-digits percentage of the overall Storage Infrastructure Market within five years.
“As AI Servers, powered by GPU semiconductors, exceed revenue of traditional servers, we are seeing a slower uptake in dollar-terms from Dedicated AI Storage systems. Given how expensive and valuable these AI servers are, owners of leading AI projects are now pairing high-performance storage systems with these servers to maximize their AI server investments,” said Chris DePuy, Founder and Technology Analyst at 650 Group. “While the AI server market, measured in dollars, dramatically exceeds that of AI Storage, we see the AI Storage market growing at a very high rate over the next five years, benefiting many storage companies including HPE, DELL, Pure Storage, and NetApp, to name a few.”
The Dedicated AI Storage Infrastructure Report is now published on a quarter basis and includes market share and forecast information about the top vendors participating in this specialized market segment.
About the Dedicated AI Storage Infrastructure Report
The Dedicated AI Storage Infrastructure Report offers a market assessment of vendor performance and market share, and forecasts. The report is related to other AI Infrastructure reports that we offer, including AI Servers, Ethernet Switch Data Center AI, and Infiniband Infrastructure. For more information about the report, contact the sales department at 650 Group at +1 650 600 7104 or val@650group.com or www.650group.com.
About 650 Group
650 Group is a leading Market Intelligence Research firm for communications, data center, and cloud markets. Our team has decades of research experience, has worked in the technology industry, and is actively involved in standards bodies. Learn more at http://www.650group.com.