The global AI-powered storage market is projected to reach $63.47 billion by 2027.

A notable compound annual growth rate of 25% is driving market expansion.

Market growth is fueled by an increase in data centers and advancements in AI technologies.

North America is the current market leader, with Asia-Pacific expected to see the most rapid growth.

Product innovation and strategic acquisitions are critical strategies for market dominance, exemplified by Hewlett Packard Enterprise's acquisition of Determined AI.

Geopolitical tensions, such as the Russia-Ukraine conflict, present potential disruptions to market stability.

Key industry players include Google LLC, Samsung Electronics Co. Ltd., and Microsoft Corporation, highlighting the competitive landscape.