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The Global Cloud Storage Market is Segmented by Solution (Cloud Storage Gateway, Primary Storage, Backup Storage, Data Archiving), Service (Managed Services, Professional Services), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), End-User, and Geography. If processors based on Arm become the norm in the data center, the industry can thank the gravitational pull of AWS… Annual growth rate of each regional market over the estimated timeframe. The cloud enables the bank to synchronize the enterprise; to break down operational and data silos across risk, finance, regulatory, customer support, amongst others and more importantly, it allows such institutions to combine such massive data sets in one place, and can apply advanced analytics for integrated insights. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. The research document has been put together in a manner that aids companies in better understanding the prevailing trends and identifying future growth prospects to make well-informed decisions. This report segments the market by Solution (Cloud Storage Gateway, Primary Storage, Backup Storage, Data Archiving), Service (Managed Services, Professional Services), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), End-User, and Geography. [240 Pages Report] The global cloud storage market size is projected to grow from USD 50.1 billion in 2020 to USD 137.3 billion by 2025, at a Compound Annual Growth Rate … The cloud data storage services are paid on a per-consumption, and monthly rate. is a hub for market intelligence products and services. Click here. Cloud storage is based on highly virtualized infrastructure and is like broader cloud computing in terms of interfaces, near-instant elasticity and scalability, multi-tenancy, and metered resources. Based on the service type, the cloud infrastructure services market is segmented into computing as a service, storage as a service, disaster as a service, networking as a service, desktop as a service and managed hosting. MARKET OPPORTUNITIES AND FUTURE TRENDS. Details regarding consumption value and volume of each applications. While free platforms like Dropbox and iCloud continue to excel as the most popular free file storage services, Amazon Web Services appear to be the clear winner according to cloud computing stats in 2020 1. What are the key factors driving the Global Consumer Cloud Storage Services Market? Market share held by all product segments. Some of the prominent players in the region through research and development have been able to further the technology. The power and also business manufacturing of the significant manufacturers has been mentioned with the technical data. Some of the prominent players in the market through strategic partnerships, mergers & acquisitions, research & developments have been able to further the technology. The increasing data breaches in the banking sector is propelling the banks to adopt cloud storage that allows them to store data in a space managed and owned by the bank or a third party that offers better security to the end-user. Hence, with the growing number of mobile workers in organizations and workplaces, there has been a subsequent rise in the data generated and managed. Market Study Report, LLC. AWS has expanded well beyond cloud compute and storage. It helps in understanding the major key product segments. Cloud Storage Market Size, Share - Growth, Trends, and Forecast (2020 ... Increasing demand for low-cost data backup, storage, and protection across all enterprises, coupled with the necessity to handle data generated by augmented usage of mobile technologies, favors the rate of adoption of cloud storage. © 2020. AWS has 32% of the market and generated more revenue than the next three largest combined, Azure is at 19% of the market, Google Cloud at 7%, … What are the risks and challenges in front of the market? What are the trending factors influencing the market shares? Projected growth rate of the industry over the analysis timeline, backed with a comparative study of the historical data and current market scenario is included. The top cloud providers for 2019 have maintained their positions, but the themes, strategies, and approaches to the market are all in flux. Cloud Storage Market Statistics: 2027 The cloud storage market size was valued at $46.12 billion in 2019, and is projected to reach $222.25 billion by 2027, growing at a CAGR of 21.9% from 2020 to 2027. Also, the increasing initiatives from the government or related regulatory bodies pertaining to the storage of large volumes data are propelling the institutions to opt for cloud storage. This is expected to fuel the demand for cloud storage over the forecast period. This statistic shows the market share of the leading cloud infrastructure service providers from 2017 to 2020. Through strategic partnerships, research and developments, and mergers & acquisition these players have been able to gain a greater footprint in the market. In the United States IT sector, it was estimated that in the past three years, BYOD adoption witnessed an increase of 44.42%. Cloud Storage Services Market Report Coverage: Key Growth Factors & Challenges, Segmentation & Regional Outlook, Top Industry Trends & Opportunities, Competition Analysis, COVID-19 Impact Analysis & Projected Recovery, and Market Sizing & Forecast. This also is expected to boost the adoption of the cloud storage over the forecast period. Global Consumer Cloud Storage Services Market Size, Share, Growth Survey 2020 to 2026 and Industry Analysis Report By Market Study Report Date: 2020-08-06 Product ID: 2831496 In the latest Consumer Cloud Storage Services market report, numerous aspects pivotal to the industry augmentation in the recent past as well as the key global developments are analyzed to help businesses stay ahead … Growth rate estimates for all product types over the forecast duration. This is expected to boost the adoption of cloud storage throughout the forecast period. Regional segmentation: North America, Europe, Asia-Pacific, South America, Middle East & Africa, South East Asia. Cloud storage is a service model that offers a platform to maintain, manage, and backup data remotely and at the same time, ensure data availability to users over a network (typically the Internet). What are the key outcomes of Porter’s five forces model? A survey by Cisco reported that 69% of the IT decision makers favor BYOD as an optimistic addition to workplace policy as it saves workers time. AWS was the first cloud computing and offering infrastructure as a service in 2008 and has never looked back as it launches new services at a breakneck pace and is creating its own compute stack that aims to be more efficient and pass those savings along. Updates on mergers, acquisitions, and expansion plans of leading players. Consumer Cloud Storage Services Market Overview, Global Consumer Cloud Storage Services Production, Revenue, Price Trend by Type, Global Consumer Cloud Storage Services Market Analysis by Applications, Company Profiles and Key Figures in Consumer Cloud Storage Services Business, Consumer Cloud Storage Services Manufacturing Cost Analysis, Marketing Channel, Distributors, and Customers, Global Consumer Cloud Storage Services Market Forecast. Volume of cloud storage services market share applications, trends, Major players, new entrants, and opportunities ’... Such amounts of data which is propelling such institutions to have cloud storage Services market has allowed them gain... Informed decisions in the cloud data storage Services market helps in understanding Major... Copy of this report focuses on the Global Consumer cloud storage Services market size expected..., Middle East & Africa, South America, Middle East & Africa, South East Asia for. 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