The Latin America, Middle East and Africa Storage Area Artificial Intelligence Network Market is expected to witness market growth of 26.4% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Storage Area Artificial Intelligence Network Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.37 billion by 2031. The Argentina market is showcasing a CAGR of 28.1% during 2024-2031. Additionally, the UAE market would register a CAGR of 25.4% during 2024-2031.
The escalating demand for extensible and flexible infrastructure is a direct consequence of the exponential increase in data generation and the intricacies of contemporary IT environments. AI-enabled Storage Area Networks provide a seamless solution, offering the scalability needed to accommodate growing data volumes and the flexibility to adapt to diverse infrastructure setups, including on-premises, cloud, and hybrid environments.
Moreover, in eCommerce, where millions of transactions generate vast datasets daily, AI-SAN systems allow businesses to incrementally expand storage capacity without disrupting operations. Similarly, AI-SAN systems efficiently manage large databases and medical imaging files in healthcare, ensuring that expanding storage needs do not hinder patient care.
The LAMEA market benefits from increasing investments in digital infrastructure and the gradual adoption of AI technologies across various sectors. In Latin America, industries like banking, telecommunications, and retail drive the demand for AI-driven storage systems to manage growing data volumes. Similarly, in the Middle East and Africa, government-led digital transformation initiatives, smart city projects, and the expansion of cloud-based services contribute to market growth.
The Brazil market dominated the LAMEA Storage Area Artificial Intelligence Network Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.37 billion by 2031. The Argentina market is showcasing a CAGR of 28.1% during 2024-2031. Additionally, the UAE market would register a CAGR of 25.4% during 2024-2031.
The escalating demand for extensible and flexible infrastructure is a direct consequence of the exponential increase in data generation and the intricacies of contemporary IT environments. AI-enabled Storage Area Networks provide a seamless solution, offering the scalability needed to accommodate growing data volumes and the flexibility to adapt to diverse infrastructure setups, including on-premises, cloud, and hybrid environments.
Moreover, in eCommerce, where millions of transactions generate vast datasets daily, AI-SAN systems allow businesses to incrementally expand storage capacity without disrupting operations. Similarly, AI-SAN systems efficiently manage large databases and medical imaging files in healthcare, ensuring that expanding storage needs do not hinder patient care.
The LAMEA market benefits from increasing investments in digital infrastructure and the gradual adoption of AI technologies across various sectors. In Latin America, industries like banking, telecommunications, and retail drive the demand for AI-driven storage systems to manage growing data volumes. Similarly, in the Middle East and Africa, government-led digital transformation initiatives, smart city projects, and the expansion of cloud-based services contribute to market growth.
List of Key Companies Profiled
- IBM Corporation
- Oracle Corporation
- NetApp, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Microsoft Corporation
- Hitachi Vantara LLC (Hitachi Ltd.)
- SAP SE
- NVIDIA Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Intel Corporation
Market Report Segmentation
By Offering
- Hardware
- Software
By Storage Medium
- Solid State Drive (SSD)
- Hard Disk Drive (HDD)
By Storage Architecture
- File Storage
- Block Storage
- Hybrid Storage
- Object Storage
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Storage Area Artificial Intelligence Network Market by Offering
Chapter 6. LAMEA Storage Area Artificial Intelligence Network Market by Storage Medium
Chapter 7. LAMEA Storage Area Artificial Intelligence Network Market by Storage Architecture
Chapter 8. LAMEA Storage Area Artificial Intelligence Network Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- IBM Corporation
- Oracle Corporation
- NetApp, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Microsoft Corporation
- Hitachi Vantara LLC (Hitachi Ltd.)
- SAP SE
- NVIDIA Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Intel Corporation
Methodology
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