In this rapidly changing world of technology, cloud storage market is gaining immense popularity owing to its ability to easily integrate with the already existing infrastructure of the enterprise. Cloud storage gateway solution provides features like encryption and compression which adds security to the data. It also allows rapid transfer of data on cloud.
As compared to other regions, the cloud storage market in North America is expected to witness a significantly healthy growth is accounted for the highest market share throughout the forecast period. U.S and Canada are anticipated to drive the growth owing to the presence of large number of established players of cloud storage solutions in the cloud storage market. In addition to this, the region also has a well-established infrastructure and higher internet penetration. Moreover, increasing adoption of cloud storage by small and medium enterprises is expected to be a major factor for the growth of cloud storage market.
The global Cloud Storage Market is expected to grow at approx. USD 104 Billion by 2023, at 25% of CAGR between 2017 and 2023.
Major Key Players:
- Amazon Web Services (U.S.)
- IBM Corporation (U.S.)
- Microsoft Corporation (U.S.)
- VMware, Inc. (U.S.)
- HP Enterprise Company (U.S.)
- Google, Inc. (U.S.)
- Oracle Corporation (U.S.)
- Rackspace Hosting, Inc. (U.S.)
- EMC Corporation (U.S.)
- Dropbox, Inc. (U.S.)
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Study Objectives of Cloud Storage Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the cloud storage market.
- To provide insights about factors affecting the market growth.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future perspective.
- To provide country level analysis of the market for segmentation on the basis of component, deployment model and vertical.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for cloud storage
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the cloud storage
Cloud Storage Market Segmentation:
The cloud storage market has been segmented on the basis of solution, service, deployment and vertical. The managed services is expected to grow at the highest rate during the forecast period owing to better user experience.
Managed services offer remote management of IT infrastructure and hence large number of companies are opting for managed services.
The regional analysis of cloud storage market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period.
The highest market share in North America region is attributed to early adoption of new technologies and larger investments in cloud based solutions.
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- Technology investors
- Integrated device manufacturers (IDMs)
- Original equipment manufacturers (OEMs)
- Research/Consultancy firms
- Cloud vendors
- Application design and development service providers
- System integrators/migration service providers
- Training and education service providers
- Data integration service providers
- Managed service providers
- Data quality service providers
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
List of Tables
Table 1 Cloud Storage Market, By Component
Table 2 Cloud Storage Market, By Deployment Model
List of Figures
Figure 1 Research Type
Figure 2 Cloud Storage Market, By Component (%)
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