Market Analysis and Insights: Global Cloud Storage Market
Cloud storage market is expected to reach USD 272.22 billion by 2027 witnessing market growth at a rate of 24.41% in the forecast period 2020 to 2027. Data Bridge Market Research report on cloud storage market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The accelerating amount of IT and software companies, generation of mounting volume of data, and benefits of portability storage and access from network compatible area are the essential definers of the cloud storage market during the anticipated time period of 2020 to 2027. Some of the other factors driving the cloud storage market growth are, accelerated enactment of hybrid form of cloud storage, notable germination in the internet of things (IoT) and swelling demand for company versatility to improve performance is helping the business to progress. Certain components are driving the cloud storage market growth exponentially during the projected time window.
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Global Cloud Storage Market Scope and Market Size
Global Cloud storage market is segmented on the basis of type, component, deployment, application, user type and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the cloud storage market is segmented into object storage, file storage, and block storage.
- On the basis of component type, the cloud storage market is Solutions, and Services. Solutions section of the market is further divided into primary storage, disaster recovery and backup, cloud storage gateway, and data archiving. Services section is further sub segmented into training and consulting, integration and migration, support and maintenance, and managed services.
- On the basis of deployment, the cloud storage market is fragmented into private, public, and hybrid.
- On the basis of user type, the cloud storage market is segmented into large, medium and small enterprises.
- On the basis of application, the cloud storage market is bifurcated into front end, and back end.
- On the basis of end user, the cloud storage market is segregated into BFSI, retail and consumer goods, healthcare and life sciences, media & entertainment, IT & telecommunication, manufacturing, government and public sector, energy and utilities, and others.
- Others is further sub segmented into travel and hospitality and transportation and logistics.
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Cloud Storage Market Country Level Analysis
Cloud storage market is analysed and market size, volume information is provided by country, component, deployment, application, user type and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America is predicted to endure the most extensive market during the projected time while Asia-Pacific (APAC) is calculated to be the fastest-growing sector during the outlook session. North America is a developed exchange in words of cloud enactment, due to numerous constituents, such as measures, management, exceptional Information Technology (IT) support, the proximity of a vast quantity of companies, and the availability of skilled professional expertise.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Competitive Landscape and Cloud Storage Market Share Analysis
Cloud storage market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cloud storage market.
The major players covered in the cloud storage market report are Amazon Web Services, Inc., Microsoft, IBM Corporation, Oracle, BlackironData, Cumulogic, EMC, Hewlett-Packard, Dell, Atlantic.Net, VMware, Cisco Systems, Inc., Data direct Networks, Verizon Terremark among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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