Cloud Storage Market - Challenges, Key Vendors, Drivers, Profits and Trends by Forecast to 2023

Information Technology

Updated on Nov 17, 2019

View more like this | Visit India, UN | Contact Market Research Future
Image for Cloud Storage Market - Challenges, Key Vendors, Drivers, Profits and Trends by Forecast to 2023 with ID of: 3863388

Cloud Storage Market Highlights:


Cloud storage enables enterprises for the storage of data on remote servers that can be accessed through internet. These remote servers are operated, maintained, and managed by the cloud storage service providers. Cloud storage is generally a virtual mode of data storage. The data stored on cloud can be shared and accessed across the devices through the internet. Several factors that are driving the global cloud storage market such as high demand for hybrid cloud storage and an ascending need for enterprise mobility. There is a need for easy implementation of cloud storage systems, which is also contributing to the ascension of the global cloud storage market. Cloud storage involves computing methods used for accessing data from remote locations.


Other factors attributable to the growth of the global cloud storage market include the emergence of technologies such as the internet of things (IoT), machine learning, and artificial intelligence. Further, the continuous evolution of these technologies is likely to elicit massive demand for Cloud Storage Market solutions among many large and small organizations.


Furthermore, the adoption of hybrid cloud storage is likely to augur well for the cloud storage market over the forecast period. Market Research Future (MRFR) in their new report has concluded that the global cloud storage market is likely to witness a 25% CAGR during the forecast period.


Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/2996


Major Key Players:


Some prime vendors present in the global cloud storage market include HP Enterprise Company, Amazon Web Services, Rackspace Hosting, Inc., IBM Corporation, Dropbox, Inc., EMC Corporation, VMware, Inc., Microsoft Corporation, Google, Inc., and Oracle Corporation.


Market Segmentation:


The global cloud storage market is studied for various segments for a detailed and insightful understanding of the landscape. Such segmentation has been carried out on the basis of component, deployment model, vertical, and region.



  • Based on components, the global cloud storage market is segmented into solution and service. The solution segment is further segmented into primary storage, cloud storage gateway, disaster recovery and back up storage, and data archiving.

  • The cloud storage gateway segment is estimated to witness market domination over the forecast period due to its easy integration into the company network architecture. The training and consulting services market is expected to garner high demand for the cloud storage by the end of the forecast period.The service segment is further segmented into managed services, support and maintenance, training and consulting, and cloud integration and migration.

  • Based on deployment model, the global cloud storage market is segmented into public cloud, private cloud, and hybrid cloud. The public model is expected to be the largest shareholder of the cloud storage market due to the adoption of novel methods by organizations for streamlining their operations and reduction of costs. However, the hybrid model is likely to ascend at a rapid pace owing to the advanced encryption and safety features.


Browse Full Report Details @ https://www.marketresearchfuture.com/reports/cloud-storage-market-2996


Detailed Regional Analysis:


The global cloud storage market is segmented into the regions of North America, South America, Asia Pacific, the Middle East & Africa, and Europe. North America is anticipated to dictate the global cloud storage market over the forecast period.


Early adoption of cloud by companies for data storage requirements and investments in cloud-based solutions is one of the primary factors driving the global cloud storage market over the forecast period.


About Market Research Future:


At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.


Contact:


Market Research Future


Office No. 524/528, Amanora Chambers


Magarpatta Road, Hadapsar


Pune - 411028


Maharashtra, India


+1 646 845 9312


Email: [email protected]

View all posts by Market Research Future | Contact Market Research Future
goodideazs, LLC is not affiliated with the authors of this post nor is it responsible for its content, the accuracy and authenticity of which should be independently verified.