Artificial Intelligence
Software-Defined Storage Market Size to Worth Around USD 677.1 BN By 2032
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Ottawa, May 17, 2023 (GLOBE NEWSWIRE) — The global software-defined storage market is anticipated to grow at a CAGR of 36% over the forecast period from 2023 to 2032. A computer programmer called software defined storage (SDS) handles data storage resources and functionality without relying on the underlying physical storage hardware. Instead of being dependent on proprietary hardware like traditional Storage Area Network (SAN) or Network Attached Storage (NAS) systems, SDS is typically built to run on any industry-standard or x86 system. The exponential proliferation of unstructured data, which increases the requirement for a scale-out storage architecture, is one factor that contributes to the rise in SDS products. The SDS market is anticipated to expand as a result of the increased usage of cloud infrastructure and its multiple advantages, including cost-effectiveness, improved flexibility, automation, and the skyrocketing value of unstructured data.
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Market Overview
To reduce capital and operating expenses, a software-defined storage controller software offers storage resources that are efficient, flexible, and scalable. The term “software-defined storage” (SDS) refers to a form of data storage in which storage-related operations are controlled by programming that is separate from the actual hardware for storing data. Storage-related services are given more weight by SDS than physical storage equipment. Many big companies, including those where Software-defined networking (SDN) is a trend, heavily rely on SDS. SDN uses programming to offer business owners adaptable management skills. A storage resource that is effectively used and has an automated policy can simplify its management policy without the need for any hardware systems. A shared storage pool that operates on hardware products may be managed by a single software interface. SDS stands for a new method of storing that will both solve some network problems and introduce new ones. SDS simplifies data storage management and speeds up data management and archiving.
Regional Insights
Unstructured data volume across numerous organizations in the region is rapidly increasing and is being stored in on-premises devices and cloud environments. Additionally, the amount of data generated at the edge is rapidly growing as the internet of things (IoT) spreads throughout the area.
The usage of online payments is expanding fast, producing massive amounts of data that businesses must handle every day, driving up demand for software-defined storage solutions. The Reserve Bank of India (RBI) launched its Digital Payments Index (DPI) in January 2021 to measure the level of payment digitization in India; as of September 2021, the index was 304.06 as opposed to 270.59 in March. The major vendors also stated that clients and businesses in the Asia-Pacific region, particularly China, are one of the most promising areas for IT services and are enthusiastic about converting to cutting-edge storage solutions. One such vendor is FalconStor, which offers SDS in China through Huawei. The tendency to shift is mostly due to difficulties with data protection, disaster recovery, and the fusion of virtual and non-virtualized resources.
Because of the growing number of internet users in the nation, the use of cloud storage is expected to grow rapidly in the region. A study by EY India found that while 67% of large corporations advanced their cloud adoption, 39% of medium-sized businesses and 38% of small businesses started their cloud journeys.
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Scope of this report
| Coverage | Details | |
| Market Value in 2032 | USD 677.1 Billion | |
| CAGR | 36% | |
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| Key Players | Open Text Corp, IBM Corp, Oracle Corp, Net App, Inc, Fujistu, Inc, Microsoft Corp., FalcoStor Software, Inc, Nvidia, StarWind Software, Inc, Juniper Networks, VMWare, Inc, and Others | |
Report Highlights
- By Type, market can be classified as services, solutions, and hardware depending on the type of component. The regulation for the services sector calls for it to resolve at an aggravated pace during the anticipated term. The components that make up the service segment are managed services, support & maintenance, integration & deployment, training & consulting, and support & maintenance. Because managed services are expected to manage workloads more efficiently than other services like training, consulting, support & maintenance, and integration & deployment while also being faster, safer, and more agile, they are expected to grow at a significant rate.
- By Organization Size, SMEs and major firms are parts of the global market, depending on the size of the organization. SMEs are the sector predicted to grow during the forecast period. APAC is home to a number of economically and technologically developing countries that are crucial for promoting industrialization. As a result, businesses strive to use less expensive but dependable methods of data storage. The market is being pushed by factors including the rising demand for technologies like big data and cloud computing, decreased physical infrastructure reliability, modernizing traditional data centers, and effective security and storage solutions.
- By End-user, according to the type of verticals, there are levels for BFSI, IT & telecom, government & defense, healthcare, education, retail, manufacturing, and others (media & entertainment, and energy & utilities). The BFSI vertical is necessary to protect the SDDC market’s populous market capacity. Along with keeping an eye on data stacks that need processing, storing, and reproducing, this sector also needs to deal with aspects like recovery, storage, and security. Adoption of cloud solutions, extensive customization, increased agility, and high scalability are further characteristics influencing the market’s growth.
Market Dynamics
Drivers
Software-Defined Storage Solutions Offer Greater Flexibility and Support High-Performance Computing
A storage provider can claim that their capacity can be increased to 200 terabytes. Comparing storage capabilities is insufficient. Additionally, factors like storage bandwidth and storage latency should be taken into account. The number of storage virtualization nodes that may be added to the system without a storage node exceeding its capacity is known as the storage system’s scalability. In order to add the additional storage capacity required when scalability is at its maximum, a new storage controller or storage virtualization node must be introduced. By eliminating unnecessary space, software-defined storage increases efficiency by offering the on-demand ability to virtualize and de-duplicate data. High-performance computing settings, where the ability to access data fast is critical, are ideally suited for software storage systems. It doesn’t matter where data is located because these software storage solutions can be employed on-premises or off-premises for unstructured data. Any business that wants to avoid worrying about managing hardware and software would benefit from this.
Restraint
high costs associated with software-defined storage
By integrating various data center components utilizing technologies like virtualization, containerization, and hyper-converged infrastructure, businesses are able to lower CAPEX and operational costs. One of the biggest problems for businesses is storage consolidation because they must buy various software-defined storage solutions in accordance with their needs. Some providers charge upfront licensing costs based on the amount of storage needed. Enterprises may suffer large losses if software-defined storage solutions don’t fully utilize the current storage infrastructure. In order to address these developing issues, providers and buyers in the worldwide software-defined storage market are actively working on innovations and partnerships. As the use of cutting-edge technologies like AI and IoT expands, massive amounts of structured and unstructured data will present data challenges.
Opportunities
Increasing used of hyper-converge technology
Businesses can lessen their reliance on different storage, computer, and networking platforms thanks to hyper-converged technology, which enables the running of numerous systems in a virtualized environment to maximize resource utilization. Additionally, it optimizes space and lowers power usage, which boosts data centers’ speed and effectiveness. Thus, it is anticipated that one of the major trends driving the growth of the software defined storage market during the projected period will be the introduction of hyper-converged technologies. The market for software-defined storage is expanding like never before. There is a market there. It is a platform that is integrated. Small and medium-sized businesses (SMEs) are widely involved in this. The market for software-defined storage is doing fantastically. Leading businesses in this industry are engaging in mergers and acquisitions in order to concentrate on pertinent unexplored markets and product innovation. For instance, businesses collaborate with numerous partners to produce and invent new products. To improve usability and create new, innovative goods, leading corporations are doing research and development operations. Therefore, these Software-Defined Storage-related factors have raised the market CAGR for this technology globally in recent years.
Related Reports
- Carbon Capture and Storage Market – The global carbon capture and storage market was valued at USD 4.91 billion in 2022 and it is expanding around USD 35.70 billion by 2032 with a CAGR of 21.94% from 2023 to 2032.
- US Cold Storage Market – The US cold storage market was valued at USD 33.46 billion in 2022 and it is expanding around USD 74.12 billion by 2032 with a CAGR of 8.28% from 2023 to 2032.
- Thermal Energy Storage Market – The global thermal energy storage market was valued at USD 23.7 billion in 2021 and is expanding around USD 53.4 billion by 2030 with a CAGR of 9.45% from 2022 to 2030.
Recent Developments:
- Exxact Corporation, a major supplier of high-performance computing (HPC), artificial intelligence (AI), and data center solutions, and SoftIron, a pioneer in task-specific data infrastructure solutions, announced a partnership in October 2021 to develop software-defined storage (SDS) solutions for contemporary enterprises that are straightforward.
- November 2021 saw the acquisition of MayaData, the company behind MayaStor and OpenEBS, by software-defined storage firm DataCore, based in the US. The merged staff of Datacore and MayaData would be housed in Indi, and it opened its office space there. DataCore may also want to push for multimillion dollar investments to support its expansion in India.
- IBM announced plans to release IBM Spectrum Fusion, a container-native SDS, in the second half of 2021. This SDS combines IBM’s parallel file system with data security software for use in data centers, on the edge, and in hybrid cloud environments.
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Artificial Intelligence
UK Data Center Market to Reach Investment of $10.13 Billion by 2029, Get Insights on 200 Existing Data Centers and 40 Upcoming Facilities across the UK – Arizton
CHICAGO, April 16, 2024 /PRNewswire/ — According to Arizton’s latest research report, the UK data center market is growing at a CAGR of 2.37% during 2023-2029.
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The UK Data Center Market Report Scope
Report Scope
Details
Market Size (Investment)
USD 10.13 Billion (2029)
Market Size (Area)
955 Thousand Sq. Feet (2029)
Market Size (Power Capacity)
183 MW (2029)
CAGR: Investment (2023-2029)
2.37 %
Colocation Market Size (Revenue)
USD 5 Billion (2029)
Historic Year
2020-2022
Base Year
2023
Forecast Year
2024-2029
The UK data center market is poised for substantial growth, largely propelled by the expanding presence of Artificial Intelligence (AI) technologies across industries. Projections suggest that by 2040, an estimated one million businesses throughout the UK will have integrated AI-driven solutions into their operations. According to the Global Innovation Index 2023, the UK was ranked fourth out of 211 countries.
Key Insights
The growth of the UK data center market is fueled by investments from colocation data center operators including key players such as Equinix, VIRTUS Data Centres, Digital Realty, and Ark Data CentresMajor cloud service providers, such as AWS, Microsoft, and Google, are actively expanding their data center infrastructure in the UK. Investments and expansion initiatives by these providers align with the growing demand for cloud services.Countries including Manchester, Berkshire, and West Sussex are witnessing investments in data center facilities. Sustainability efforts such as the use of hydrotreated vegetable oil (HVO) by Datum Datacentres are prevalent across counties.The UK government has launched initiatives such as the Wireless Infrastructure Strategy, which is aiming to increase wireless network connectivity by 2030. The Digital Strategy, launched by the UK government, outlines a holistic approach to digital policy across critical domains, emphasizing the country’s commitment to digital technology.Investment Opportunities
Within the Western European region, the UK represents approximately 20% of the total data center investments. This can be attributed to the growing internet penetration and the extensive adoption of cloud-based services across various sectors within the country.The significance of the UK in submarine cable connectivity is underscored by its 56 submarine cables, linking the country to key regions such as the US, Europe, Africa, the Middle East, and Asia. The notable submarine cables include Apollo, BT-MT-1, Circe South, ESAT-1, Europe India Gateway, and NO-UK. The upcoming submarine cables, namely 2Africa, Amitie, and BT North Sea, are poised to strengthen the UK’s global connectivity further.The strategic rollout of 5G network connectivity is a key focus in the UK, spearheaded by major telecom operators, including EE, Vodafone, Ericsson, Three UK, and O2. Complementing these efforts, the UK government has initiated projects such as 5G Logistics, 5G Ports, Smart Junctions 5G, AMC2, 5G CAL, 5G Factory of The Future, and 5GEM-UK.In May 2023, Kao Data unveiled its plans to construct a 40 MW data center in Manchester’s Kenwood Point for a projected investment of $440 million; the facility is set to go live in late 2025. The strategic move into Manchester aligns with Kao Data’s commitment to advancing the region’s computing capabilities and supporting the aspirations of the UK government.In April 2023, Equinix planned to develop a 30 MW data center facility in Slough Trading Estate in Berkshire, outside London. It is a five-story building with two data halls on each floor.In April 2023, Vantage Data Centers announced the development of a second data center campus, LHR2, in West London, with an investment of around $310 million. The LHR1 data center campus, with a total area of 40,000 square feet and two 24 MW multi-story data centers, is expected to be online by 2024.To Know More, Click: https://www.arizton.com/market-reports/uk-data-center-market-investment-analysis
Existing VS Upcoming Data Centers
Existing Facilities in the Region (Area and Power Capacity)
Greater LondonBerkshireGreater ManchesterOther CountiesList of Upcoming Facilities in the Region (Area and Power Capacity)
Why Should You Buy this Research?
Market size is available in the investment, area, power capacity, and UK colocation market revenue.An assessment of the data center investment in the UK by colocation and enterprise operators.Investments in the area (square feet) and power capacity (MW) across locations in the country.A detailed study of the existing UK data center market landscape, an in-depth market analysis, and insightful predictions about market size during the forecast period.Snapshot of existing and upcoming third-party data center facilities in the UKFacilities Covered (Existing): 200Facilities Identified (Upcoming): 40Coverage: 30+ LocationsExisting vs. Upcoming (Area)Existing vs. Upcoming (IT Load Capacity)Data Center Colocation Market in the UKMarket Revenue & Forecast (2023-2029)Retail & Wholesale Colocation PricingThe UK data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.A transparent research methodology and the analysis of the demand and supply aspects of the industry.The Report Includes the Investment in the Following Areas:
IT InfrastructureServersStorage SystemsNetwork InfrastructureElectrical InfrastructureUPS SystemsGeneratorsTransfer Switches & SwitchgearsPDUsOther Electrical InfrastructureMechanical InfrastructureCooling SystemsRacksOther Mechanical InfrastructureCooling SystemsCRAC & CRAH UnitsChiller UnitsCooling Towers, Condensers & Dry CoolersEconomizers & Evaporative CoolersOther Cooling UnitsGeneral ConstructionCore & Shell DevelopmentInstallation & Commissioning ServicesEngineering & Building DesignFire Detection & Suppression SystemsPhysical SecurityData Center Infrastructure Management (DCIM)Tier StandardTier I & Tier IITier IIITier IVGeographyGreater LondonOther CountiesVendor Landscape
IT Infrastructure Providers
Arista NetworksAtosBroadcomCisco SystemsDell TechnologiesFujitsuHewlett Packard EnterpriseHuawei TechnologiesIBMJuniper NetworksLenovoNetAppData Center Construction Contractors & Sub-Contractors
2bmAECOMArupARC:MCAtkinsBladeRoom Data CentresBouygues ConstructionDeernsFuture-techHDR ArchitectureINFINITIISGJCA EngineeringKirby Engineering GroupKMG PartnershipMaceMercury EngineeringMiCiMstudioNWAOakmont ConstructionSweet ProjectsREDSPIE UKSkanskaSTO Building GroupSudlowsTTSPWaldeckSupport Infrastructure Providers
ABBAiredale International Air ConditioningCaterpillarCumminsDelta ElectronicsEatonKohler SDMOLegrandMitsubishi ElectricPiller Power SystemsRolls RoyceRiello Elettronica (Riello UPS)RittalSchneider ElectricSocomecSiemensSTULZVertivData Center Investors
Amazon Web Services (AWS)Ark Data CentresChina Mobile International (CMI)Colt Data Centre ServicesCustodian Data CentresCyrusOneCyxtera TechnologiesCorscale Data CentersDigital RealtyData DatacentresEquinixEchelon Data CentresGlobal SwitchIron MountainIonosInfinity SDCKeppel Data CentresKao DataNTT Global Data CentersLumen TechnologiesMicrosoftProximity Data CentresServerfarmSungard Availability ServicesTelehouseVantage Data CentersVirtus Data Centres (ST Telemedia Global Data Centres)YondrNew Entrants
CloudHQDigital ReefEdgeCore Digital InfrastructureGoogleGlobal Technical RealtyStratus DC ManagementKey Questions Answered in the Report
What is the growth rate of the UK data center market?
What are the driving factors for the UK data center market?
How much is the UK data center market investment expected to grow?
Who are the new entrants in the UK data center market?
How many data centers have been identified in the UK?
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Artificial Intelligence
GEP NAMED ‘LEADER’ IN MULTIPLE GLOBAL PROCUREMENT SERVICES REPORTS BY TOP ANALYST FOR FOURTH YEAR IN A ROW
ISG cites GEP CONSULTING and GEP SERVICES for their ability to address complex categories in sourcing and spend management, and continued success in global engagementsCements GEP as the ideal global partner for transforming procurement, supply chain and business operationsCLARK, N.J., April 16, 2024 /PRNewswire/ — GEP®, a leading provider of AI-powered procurement and supply chain software, strategy, and managed services to Fortune 500 and Global 2000 enterprises worldwide, announced today that it has been named a Leader in the ISG Provider Lens™ – Procurement Services 2024 – Global, for the fourth year in a row. GEP is named a leader in all three categories:
Procurement Operations Modernization ServicesStrategic Sourcing and Category Management ServicesDirect Procurement Enablement and Modernization ServicesDownload a complimentary copy of each of these reports, which evaluates providers of transformation services, and the software platforms and tools enterprises use to transform procurement here.
GEP’s chief marketing officer Al Girardi, explained “At a time when business is transforming procurement to mitigate inflation and global uncertainty, GEP’s ability to integrate consulting, managed services and software makes us the ideal strategic partner for companies in driving competitive advantage, resilience, cost savings and shareholder value. GEP is the only firm globally that provides end-to-end procurement and supply chain strategy, managed services and technology solutions under one umbrella, providing a one-handshake solution for clients.”
Direct Procurement Enablement and Modernization Services
According to the ISG Provider Lens lead analyst Bruce Guptill, “GEP’s leadership builds on its ability to address complex and varying client needs and modernize direct procurement operations integrated with finance, supply chain and other associated disciplines.”
ISG Provider Lens™ cites GEP strengths in Procurement Operations Modernization Services as:Full modernization and optimization portfolio.Extensive partner network to enable, deliver and support procurement and supply chain improvement beyond the abilities of many other providers.AI-powered GEP QUANTUM low-code, cloud-native development platform for efficient integration and data exchange across procurement- and supply chain-related applications. ISG Provider Lens™ cites GEP strengths in Strategic Sourcing and Category Management Services as:Strategic sourcing and category management offerings.Robust software foundation. Deep pool of software and service partners. ISG Provider Lens™ cites GEP strengths in Direct Procurement and Modernization as:Substantial expertise and experience in direct sourcing.Software platforms including the AI-powered GEP SMART™ platform (S2P), GEP NEXXE for supply chain management, GEP GREEN™ for ESG tracking and reporting, and QUANTUM platform for AI-driven automation, analytics and low-code development.Nontraditional partnerships for direct sourcing presence.About ISG Provider Lens™ Research The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG’s global advisory team. The research currently covers providers offering their services globally, across Europe and Latin America, as well as in the U.S., Germany, Switzerland, the U.K., France, the Nordics, Brazil and Australia/New Zealand, with additional markets to be added in the future. For more information about ISG Provider Lens™ research, please visit this webpage. ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm with more than 700 clients, including more than 75 of the world’s top 100 enterprises. For more information, visit www.isg-one.com.
About GEPGEP® delivers AI-powered procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value. Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Our customers are the world’s best companies, including more than 550 Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals. A leader in multiple Gartner Magic Quadrants, GEP’s cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, ISG, and Spend Matters. GEP is also regularly ranked a top procurement and supply chain consulting and strategy firm, and a leading managed services provider by ALM, Everest Group, NelsonHall, IDC, ISG and HFS, among others. Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit http://www.gep.com/.
GEP Media Contact Derek CreeveyPhone: +1 732-382-6565Email: [email protected]
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Equity Insider Commentary
VANCOUVER, BC, April 16, 2024 /PRNewswire/ — EQUITY INSIDER – Data centers are at the core of what’s powering the ongoing artificial intelligence (AI) boom. With almost every major industry shifting towards AI, massive amounts of new infrastructure will still be needed, in particular data centers. The Data Center Equipment Market is exploding, with analysts at Straits Research projecting it to surpass $164 billion by 2031, growing at a whopping 13.2% CAGR along the way. According to Technavio, 38% of growth in the Data Center Rack PDU Market growth will originate from North America, while surging data center demand is pushing the limits of available workers. Among the innovators helping to bring the AI revolution to life are a mix of innovators, including Avant Technologies Inc. (OTC:AVAI), NVIDIA Corporation (NASDAQ:NVDA) (NEO:NVDA), Intel Corporation (NASDAQ:INTC), Advanced Micro Devices, Inc. (NASDAQ:AMD) (NEO:AMD), and Amazon.com, Inc. (NASDAQ:AMZN) (NEO:AMZN).
AI tech developer, Avant Technologies Inc. (OTC: AVAI) specializes in the development of advanced AI and data center infrastructure solutions. Recently, the company announced that development on its next-generation, AI-driven resource allocation system is now fully underway. This news follows Avant’s February 2024 announcement of its decision to begin enhancing its sophisticated machine and deep learning AI system, Avant AI™, with automated data center resource management for its new high-density compute data center infrastructure. The company’s management team has expressed great satisfaction with the rapid progress made since the announcement.
This new Avant AI™ innovative initiative seeks to harness the power of AI to improve resource use, boost performance, and give businesses unmatched flexibility in their data center operations.
“We are excited about the quick development being made on our groundbreaking AI for intelligent data center management,” said Timothy Lantz, CEO of Avant. “These latest innovations will help our customers unlock new levels of performance and efficiency in their data center operations and achieve success in today’s digital era. We anticipate that Avant’s AI infrastructure solutions will directly boost our clients’ bottom lines and provide a significant competitive advantage in the marketplace.”
Avant AI™ analyzes data in real-time to foresee future resource requirements, automatically assigns resources, and adjusts to fluctuating workloads. Its multi-layered architecture maintains data quality and reliability as it converts AI suggestions into practical actions. Avant AI™ helps businesses by reducing resource waste, lessening performance delays, speeding up resource expansion, and automating resource distribution, which altogether enhances operational efficiency.
“The demands placed on data centers are constantly evolving,” said Danny Rittman, Chief Information Officer of Avant. “Traditional static provisioning and manual configuration methods struggle to keep pace with dynamic workloads and ever-increasing resource needs. Our AI-driven resource allocation system represents a paradigm shift, promising to revolutionize data center management.”
It’s easy to witness the growth of data centers by looking at leading chipmaker NVIDIA Corporation (NASDAQ: NVDA) (NEO: NVDA), which has seen its Data Center business explode by more than 400% since last year to $18.4 billion in Q4 2024, as reported in its Q4 and FY 2024 results. Key to the growth has been the surging demand for NVIDIA’s H100 graphics cards that are widely used to power generative AI apps such as OpenAI’s ChatGPT.
“Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations,” said Jensen Huang, founder and CEO of NVIDIA. “Our Data Center platform is powered by increasingly diverse drivers — demand for data processing, training and inference from large cloud-service providers and GPU-specialized ones, as well as from enterprise software and consumer internet companies. Vertical industries — led by auto, financial services and healthcare — are now at a multibillion-dollar level.”
Back in mid-December 2023, NVIDIA’s competitor Intel Corporation (NASDAQ:INTC) unveiled its own new data center chip with a focus on AI growth. The company would go on to follow this up by announcing Gaudi 3 availability to original equipment manufacturers (OEMs), including with Dell Technologies, HPE, Lenovo, and Supermicro, serving to broaden Intel’s AI data center market offerings for enterprises.
“Innovation is advancing at an unprecedented pace, all enabled by silicon – and every company is quickly becoming an AI company,” said Pat Gelsinger CEO of Intel. “Intel is bringing AI everywhere across the enterprise, from the PC to the data center to the edge. Our latest Gaudi, Xeon and Core Ultra platforms are delivering a cohesive set of flexible solutions tailored to meet the changing needs of our customers and partners and capitalize on the immense opportunities ahead.”
Companies are aiming to expand their GenAI projects from initial trials to full-scale production. To achieve this, they require accessible solutions based on powerful, cost-effective, and energy-efficient processors, such as the Intel Gaudi 3 AI accelerator. These solutions must also tackle challenges like complexity, fragmentation, data security, and compliance needs.
Not to be left out, Advanced Micro Devices, Inc. (NASDAQ: AMD) (NEO: AMD) also made adjustments back in December 2023, by introducing new AI and Data Center products, including its Instinct MI300X Series accelerator to deliver robust performance for HPC and AI workloads. The MI300X launch was seen as a move that could help the chipmaker to better compete with Nvidia amid the AI boom. Then by early April 2024, AMD announced the expansion of its AMD VersalTM adaptive system on chip (SoC) portfolio, with its newer Versal AI Edge Series Gen 2 and Versal Prime Series Gen 2 adaptive SoCs, which bring preprocessing, AI interference, and postprocessing together in a single device for end-to-end acceleration of AI-driven embedded systems.
“The demand for AI-enabled embedded applications is exploding and driving the need for single-chip solutions for the most efficient end-to-end acceleration within the power and area constraints of embedded systems,” said Salil Raje, senior vice president and general manager, Adaptive and Embedded Computing Group, AMD. “Backed by over 40 years of adaptive computing leadership, these latest generation Versal devices bring together multiple compute engines on a single architecture offering high compute efficiency and performance with scalability from the low-end to high-end.”
As of late March 2024, online giant Amazon.com, Inc. (NASDAQ: AMZN) (NEO: AMZN) appears to be going all in on AI-driven data centers, with a $150 billion investment to retain its cloud computing edge over competitors like Microsoft and Google. The biggest headline grabbing element of the giant investment is that one of the largest nuclear power plants in the USA will directly power new Amazon Web Services (AWS) data center. As of the announcement, Amazon’s cloud computing subsidiary was being used by upwards of 1.45 million businesses, according to an internal report.
“We’re expanding capacity quite significantly,” said Kevin Miller, a vice president at AWS. “I think that just gives us the ability to get closer to customers.”
The announcement came within a couple weeks of an announcement by Amazon it would be extending its collaboration between AWS and NVIDIA to advance Generative AI innovation. Included in the extension, the duo plan to integrate Elastic Fabric Adapter (EFA) for petabit-scale networking and Amazon Elastic Compute Cloud (Amazon EC2) UltraCluster for hyper-scale clustering.
“The deep collaboration between our two organizations goes back more than 13 years, when together we launched the world’s first GPU cloud instance on AWS, and today we offer the widest range of NVIDIA GPU solutions for customers,” said Adam Selipsky, CEO at AWS. “Together, we continue to innovate to make AWS the best place to run NVIDIA GPUs in the cloud.”
Source: https://equity-insider.com/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
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