The Europe Storage Area Artificial Intelligence Network Market is expected to witness market growth of 24.3% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe 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 $4.86 billion by 2031. The UK market is exhibiting a CAGR of 23.3% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 25.2% during 2024-2031.
The driving force behind the growth of the market lies in its ability to address the limitations of traditional storage systems. Conventional SANs, although effective during their era, frequently encounter challenges in fulfilling the requirements of contemporary applications that necessitate rapid data access, minimal latency, and adaptable scalability.
Moreover, AI-SAN systems overcome these challenges by leveraging AI algorithms to enhance performance, reduce inefficiencies, and automate complex storage management tasks. These capabilities make AI-SANs particularly attractive to industries that rely heavily on data-intensive applications, such as healthcare, manufacturing, finance, and media.
Europe's storage area artificial intelligence network market is witnessing significant growth, fueled by the region’s focus on digital transformation, data-driven technologies, and artificial intelligence. Nations across Europe are driving demand for AI-SAN systems through unique factors such as government initiatives, advancements in cloud technologies, and robust industry adoption.
The Germany market dominated the Europe 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 $4.86 billion by 2031. The UK market is exhibiting a CAGR of 23.3% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 25.2% during 2024-2031.
The driving force behind the growth of the market lies in its ability to address the limitations of traditional storage systems. Conventional SANs, although effective during their era, frequently encounter challenges in fulfilling the requirements of contemporary applications that necessitate rapid data access, minimal latency, and adaptable scalability.
Moreover, AI-SAN systems overcome these challenges by leveraging AI algorithms to enhance performance, reduce inefficiencies, and automate complex storage management tasks. These capabilities make AI-SANs particularly attractive to industries that rely heavily on data-intensive applications, such as healthcare, manufacturing, finance, and media.
Europe's storage area artificial intelligence network market is witnessing significant growth, fueled by the region’s focus on digital transformation, data-driven technologies, and artificial intelligence. Nations across Europe are driving demand for AI-SAN systems through unique factors such as government initiatives, advancements in cloud technologies, and robust industry adoption.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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. Europe Storage Area Artificial Intelligence Network Market by Offering
Chapter 6. Europe Storage Area Artificial Intelligence Network Market by Storage Medium
Chapter 7. Europe Storage Area Artificial Intelligence Network Market by Storage Architecture
Chapter 8. Europe 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
LOADING...
