Computational Storage Market to Reach USD 10.3 Billion by 2034, Growing from USD 2.0 Billion in 2025 - SRI

London, UK - August 2026 | Strategic Revenue Insights Inc. - The exponential expansion of AI workloads, IoT-generated data, and hyperscale infrastructure is reshaping enterprise storage architectures. Strategic Revenue Insights Inc. states that the Computational Storage market will grow from USD 2.0 billion in 2025 to USD 10.3 billion by 2034 at a CAGR of 20.00%. Lead analyst Lukas Schmidt notes the outlook is supported by primary interviews with storage vendors, hyperscale operators, semiconductor stakeholders, and enterprise buyers, combined with secondary research across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Takeaways

• Market to expand from USD 2.0 billion (2025) to USD 10.3 billion (2034) at 20.00% CAGR.
• Largest segment: Computational Storage Drives (CSD). Fastest-growing: AI/ML Inference.
• Key trend: FPGA- and ASIC-based computational storage with energy-efficient edge processing.
• Largest region: North America. Fastest-growing region: Asia Pacific.
• Leading companies: Samsung, SK hynix (Solidigm), Western Digital.

Full report access: https://www.strategicrevenueinsights.com/industry/computational-storage-market

AI Infrastructure Is Redefining Storage Requirements

Growth is driven by exploding data volumes from IoT, AI applications, and digital transformation initiatives. Computational storage reduces data movement by integrating compute into storage devices, improving performance while lowering latency and power consumption. Sustainability goals and rising energy costs are also accelerating adoption in modern data centers.

The report also highlights demand from edge computing, AI/ML inference, and hyperscale data centers, alongside modular and scalable storage architectures and investments in FPGA and ASIC technologies.

Market Segmentation

By Product: Computational Storage Drives (largest), Computational Storage Processors, Computational Storage Arrays.

By Technology: FPGA-Based (largest), ASIC-Based, Arm/RISC-V SoC-Based.

By End-Use Industry: Hyperscale Data Centers (largest), AI/ML Inference (fastest-growing), Edge Computing, Databases & Analytics, Video Processing.

Regional Outlook

North America leads due to advanced technology adoption and strong industry presence. Asia Pacific is the fastest-growing region driven by increasing data center investments. Europe, Latin America, and the Middle East & Africa are also covered.

Competitive Landscape

Samsung is recognized for advanced computational storage solutions. SK hynix, through Solidigm, emphasizes high-performance and energy-efficient offerings. Western Digital focuses on innovative computational storage products supported by global partnerships and sustainability initiatives.

Market Restraints

Rapid technology evolution can shorten product lifecycles, while improving traditional storage technologies may slow adoption in cost-sensitive markets.

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Frequently Asked Questions

What is the projected size of the Computational Storage market by 2034?

It is projected to reach USD 10.3 billion by 2034.

What is driving market growth?

Demand for efficient AI, IoT, edge computing, and hyperscale data processing solutions is the primary driver.

Which region leads the market?

North America currently leads, while Asia Pacific is expected to grow the fastest.

Who are the major companies?

Samsung, SK hynix (Solidigm), and Western Digital are among the leading competitors.

About Strategic Revenue Insights Inc.

Strategic Revenue Insights Inc., part of SRI Consulting Group Ltd, is a London-headquartered market intelligence firm that helps organizations across industries and geographies make evidence-based revenue and strategy decisions. The firm produces syndicated research reports and customized consulting engagements built on rigorous market sizing, forecasting, and competitive benchmarking, drawing on a globally connected team of analysts and consultants.

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