Press release
Public Cloud Storage Services Market Poised for an Explosive Growth in 2027
Public cloud storage services are also cost-effective; organizations pay only for the resources they use. Public cloud storage services provides a scalable and agile environment for businesses to increase or decrease storage on demand. Organizations use the public cloud to store both structured and unstructured data. Many applications that have made their way to the cloud — such as those that use back-end databases or structured data — handle data from applications that tie directly into cloud database services. This type of cloud storage environment is appealing to companies that are either just starting out and don’t want to purchase hardware or that are looking for scalable storage that doesn’t require a large capital expenditure.
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Few of the major driving factors of public cloud storage services market are that the companies that are just starting out, need not worry about the expenses involved in maintaining their own data center. These companies can take public cloud storage services on rent from any of the providers of cloud storage services. In addition to this, the companies need to pay only as per their usage at the end of the month, once they have availed the cloud storage services, hence they don’t need to invest beforehand. Also, customer can select the media type, volume size, and maximum IOPS and throughput per volume and per instance depending upon their requirement. Hence the public cloud storage services vendors offers flexibility in choosing a plan, which makes it easier for the customers/enterprises to avail services as per their requirement.
Public Cloud Storage Services Market: Segmentation
Segmentation on the basis of service:
Software-as-a-Service
Infrastructure-as-a-Service
Segmentation on the basis of enterprise:
SMEs
Large scale Enterprises
Segmentation on the basis of vertical:
BFSI
IT & Telecommunications
Government & Defense
Transportation
Manufacturing
Healthcare
Retail
Energy & Utilities
Others
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Few of the companies in Public Cloud Storage Services market are: Amazon Web Services, Alibaba Group Holding Limited, AT&T, Google, Inc., International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Verizon Enterprise and Rackspace Inc. These companies are focused towards innovating and enhancing their existing solutions in order to increase their market share in Public Cloud Storage Services market.
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TMRРђЎs data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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