Europe AI-powered Storage Market

Europe AI-powered Storage Market Overview

Artificial Intelligence (AI) is one of the emerging technology which typically demonstrates some of the following behavioural aspects similar to the human intelligence such as learning, problem solving skills, reasoning skills, and many other skills. AI workload is different from generic workloads and require large amount of storage. The increasing adoption of cloud based technology is creating demand for AI-powered storage solution.

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Major Europe AI-powered Storage Market Drivers

The major factors contributing to the growth of the Europe AI-powered Storage Market include the increasing data volume, growing requirement for global enterprise infrastructure to refresh their storage architecture, rising acceptance of cloud-based services and increasing need for AI in Hight Performance Computing (HPC) data centers across the European countries. The expanding demand of AI followed by the rising usage of advanced analytics is creating demand for AI storage infrastructures in the coming years. The rapid growth in the digital data along with the increasing favourable policies and initiatives launched by numerous government across the European countries is encouraging the end-users to opt for AI-powered storage systems. For instance, in 2018 France launched a national strategy to accelerate the tech industry and invested USD 1.6 billion for research in AI and support emerging start-ups. Moreover, Germany has launched national AI strategy in 2018 and has invested Euro 3 billion for AI research and development. The increasing number of smart devices is increasing the amount of data generated, which will further increase the demand for AI-powered storage. Various companies are opening HPC data centers in Europe to meet the growing demand of AI data storage. For instance, Goohilly Earth Station, a UK based company opened a data center with green HPC platform for AI and ML. The increasing number of cross-industry partnership and rapid adoption of data analysis tools are further driving the growth of the market during the forecast period. However, lack of AI hardware experts and data security concern associated with cloud and server based services are restraining the growth of the market.

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Based on storage system, the Network attached Storage system segment is expected to grow at a higher CAGR in the market during the forecast period owing to the increasing adoption of NAS to cope with the growth of unstructured data. The Network attached Storage system consist of multiple racks of social media and helps in storing the data. Small and medium sized businesses are widely adopting cloud-based NAS storage system due to its various features such as automate data backup, ease to use, and simple server setup process.

Based on end-user, the Healthcare segment is projected to grow at higher CAGR in the market during the forecast period due to the regulatory mandates to use these systems for electronic health records, increased emphasis on precision medicine and a growing involvement of service providers participating in the growth of healthcare AI solutions. AI in healthcare offers various benefits such as analyzing patient data sets to deliver faster healthcare at lower cost and helps in automating task.

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Top Market Players

Various notable players operating in the Europe AI-powered Storage Market include Dell Inc., IBM Corporation, Hewlett Packard Enterprise Company, Intel Corporation, NVIDIA Corporation, Pure Storage, Cisco Corporation, NetApp, Samsung Electronics, Micron technology, Advanced Micro Devices (AMD) among others.

Key Developments:

• • In Dec 2018, IBM and Nvidia entered into partnership for AI-powered storage. Under this partnership, Nvidia helped IBM and launched a new storage system known as IBM Spectrum AI with Nvidia DGX. The tool is designed to be used with data tools like Spark, TensorFlow or PyTorch.

Segments covered in the Report:

The Europe AI-powered Storage Market has been segmented based on offering, storage system, storage architecture, storage medium, end-user, and key countries. Based on offering, the market is segmented into Hardware and Software. Hardware is further segmented into Storage Medium, and Other Hardware. Storage medium includes SSD, and HDD. Other hardware comprises CPU and GPU. Based on storage system, the market is further is segmented into Direct-Attached Storage Systems, Network-Attached Storage Systems, and Storage Area Network. Based on storage architecture, the market is segmented into File and Object-Based Storage, and Block Storage. File and Object-Based Storage includes File Storage, and Object Storage. Based on storage medium, the market is segmented into Hard Disk Drive, and Solid-State Drive. Solid state drive includes All-Flash Arrays, and Hybrid Flash Arrays. Based on end user, the market is segmented into Enterprises, Government Bodies, Cloud Service Providers, and Telecom Companies. Enterprises is further segmented into BFSI, Healthcare, Media and Entertainment, Retail, Consumer Goods, Manufacturing, and Other Enterprises. Other enterprises include Aerospace and Defense, Business and Consulting, Education and Research, and Energy.

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Key questions answered in this research report:

• • At what pace is the Europe AI-powered Storage Market growing? What will be the trend in growth in the future?
  • What are the key drivers and restraints in the Europe AI-powered Storage Market? What will be the impact of drivers and restraints in the future?
  • Which offering generated maximum revenues in 2019 and identify the most promising products during the forecast period?
  • What are the various storage systems of the Europe AI-powered Storage Market, and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Value (USD Million)
Market Segment	By Offering, By Storage System, By Storage Architecture, By Storage Medium, By End User, By Countries
Regional Coverage	Europe
Companies Profiled	Dell Inc., IBM Corporation, Hewlett Packard Enterprise Company, among others, a total of 11 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Europe AI-powered Storage Market by Offering

• • Hardware
    • Storage Medium
      • SSD
      • HDD
    • Other Hardware
      • CPU
      • GPU
  • Software

Europe AI-powered Storage by Storage System

• • Direct-Attached Storage Systems
  • Network-Attached Storage Systems
  • Storage Area Network

Europe AI-powered Storage by Storage Architecture

• • File and Object-Based Storage
    • File Storage
    • Object Storage
  • Block Storage

Europe AI-powered Storage by Storage Medium

• • Hard Disk Drive
  • Solid State Drive
    • All-Flash Arrays
    • Hybrid Flash Arrays

Europe AI-powered Storage by End-User

• • Enterprises
    • BFSI
    • Healthcare
    • Media and Entertainment
    • Retail
    • Consumer Goods
    • Manufacturing,
    • Other Enterprises
      • Aerospace and Defense
      • Business and Consulting
      • Education and Research,
      • Energy
  • Government Bodies
  • Cloud Service Providers
  • Telecom Companies

Europe AI-powered Storage by Countries

• • Germany AI-powered Storage Market (Option 1: As a part of free 25% Customization)
  • France AI-powered Storage Market (Option 2: As a part of free 25% Customization)
  • UK AI-powered Storage Market (Option 3: As a part of free 25% Customization)
  • Italy AI-powered Storage Market (Option 4: As a part of free 25% Customization)
  • Rest of Europe AI-powered Storage Market (Option 5: As a part of free 25% Customization)

Leading market players (Option 6: As a part of free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Dell Inc.
  • IBM Corporation
  • Hewlett Packard Enterprise Company
  • Intel Corporation
  • NVIDIA Corporation
  • Pure Storage
  • Cisco Corporation
  • NetApp
  • Samsung Electronics
  • Micron technology
  • Advanced Micro Devices (AMD)