Cloud Storage Market
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The global cloud storage market is expected to witness high growth rate during the forecast period, owing to the rise in ICT spending by governments in several developed as well as developing regions including North America, Europe, and Asia-Pacific. In addition, rise in concerns over data loss and recovery has given rise to the cloud storage industry among several user types including large and small and medium enterprises. In the coming years, small and medium enterprises are expected to adopt cloud storage technology at a rapid pace due to low cost of deployment, easy accessibility, flexible payment model, and growth in demand for data backup and disaster recovery services. However, data privacy apprehension in public cloud deployment is one of the key factors obstructing the cloud storage market growth.
The global cloud storage market is segmented based on component type, deployment mode, user type, industry vertical, and geography. Based on component type, the market is categorized into software and services. Considering deployment mode, the market is divided into private, public, and hybrid models. User type covered in the study includes large enterprise and small & medium enterprise. On the basis of industry vertical, the market is divided into BFSI, government and education, healthcare, telecommunication & IT, retail, manufacturing, media & entertainment, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Major players operating in the cloud storage market include Amazon Web Services, Inc., Microsoft Corporation, IBM Corporation, Hewlett Packard Enterprise Development LP, Google, Inc., VMware, Inc., Oracle Corporation, EMC Corporation, Rackspace Hosting, Inc., Red Hat, Inc., and others. These players have adopted strategies such as geographical expansion, mergers & acquisitions, product portfolio expansion, and collaborations to enhance their product penetration in the global cloud storage market.
The report provides in-depth market analysis of cloud storage market globally, outlining current trends, key driving factors, and potential areas for product investments.
Key players are analyzed with respect to their primary offerings, recent investments, and future development strategies.
Holistic approach of segmentation is carried out through in-depth market study and discussions with several industry experts worldwide for global cloud storage market.
The report provides highlights of top investment pockets, key impacting factors, and wining strategies for the cloud storage market.
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