Ai Powered Storage Market Projected Expansion To $162.5 Billion Market Value By 2031, With A 26.7% Cagr

The global AI powered storage market is expected to reach $162.5 billion by 2031, growing at a CAGR of 26.7% from 2022 to 2031. The market is driven by the rising demand for secured data storage and real-time data processing, as well as the adoption of cloud-based applications and services and robotics in warehousing. However, the lack of professionals in AI hardware and irregularity of AI algorithms may hinder market growth.