The global AI-powered storage market has been tipped to grow by 27.1 percent by 2024, according to a new report by ResearchAndMarket.
The firm’s analysts think a steady rise in data volumes drives organisations to refresh their storage architecture.
Apparently, the market will expand from 10.4 billion in 2019 to 34.5 billion in five years’ time, thanks to the resulting increase in adoption of cloud-based services, as well as AI in HPC data centres.
The report claims this will present numerous opportunities for the market, along with several challenges.
