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Cloud Storage Market to Reach $97,415 Million by 2022, Growing at a CAGR of 24.8% - Key Players include Amazon Web Services, Inc., Microsoft Corporation, IBM Corporation
Cloud Storage Market Report, published by Publisher, forecasts that the global market size was valued at $21,175 million in 2015, and is projected to reach $97,415 million by 2022, growing at a CAGR of 24.8% from 2016 to 2022.
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The services segment including professional and managed services are on high demand in cloud storage market, due to increase in need to manage data throughout the lifespan, from conception and storage to archiving at the appropriate space and time. Moreover, cost savings on total cost of ownership has also augmented the cloud storage market growth.
North America was the largest market in cloud storage industry for 2015 owing to increase in demand for low cost data storage and faster data accessibility. In addition, there has been a growth in adoption of cloud storage solutions in the European region due to rise in concerns of data recovery and protection and upsurge of cloud adoption in several industry verticals including retail, healthcare, government, education, banking, insurance, and many others. The trend of strong cloud adoption in these developed regions has accelerated the growth of the cloud storage market.T
The Major players reported in the market include:
Key players profiled in the study are Amazon Web Services, Inc., Microsoft Corporation, IBM Corporation, Hewlett Packard Enterprise Development LP, Google, Inc., VMware, Inc., Rackspace Hosting, Inc., Oracle Corporation, EMC Corporation, and Red Hat, Inc.
KEY BENEFITS
The study provides an in-depth analysis of the Cloud Storage market along with current and future trends to elucidate the imminent investment pockets.
The report provides information regarding key drivers, restraints, and opportunities along with their impact analysis.
Porter's Five Forces and SWOT analyses of key market players in the industry have been provided to highlight the growth strategies adopted by them.
The value chain analysis of the industry signifies the key intermediaries involved, and elaborates their roles and value additions at every stage of the value chain.
The quantitative analysis of the market during the period of 2014-2022 is provided to elaborate the market potential.
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KEY MARKET SEGMENTS:
By Component
Software
Services
By Deployment Mode
Private
Public
Hybrid
By User Type
Large Enterprises
Small & Medium Enterprises
By User Type
BFSI
Government & Education
Healthcare
Telecom & IT
Retail
Manufacturing
Media & Entertainment
Others (Business Service Providers, Energy & Utilities, Transportation, and Construction)
BY GEOGRAPHY
North America
Europe
Asia Pacific
Central & South America
Middle East and Africa
Key Findings of the Study
Hybrid deployment mode accounted for the highest share of the cloud storage market in 2015, growing at a CAGR of 26.6%.
North America generated the highest revenue in 2015, valued at $7,529 million.
Asia-Pacific dominated the market in terms of growth during the forecast period.
The U.S. was leading in terms of cloud storage market in 2015. In addition, Canada, China, Australia, South Korea, and other emerging markets are projected to provide significant opportunities for major players.
TABLE OF CONTENTS
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 WORLD CLOUD STORAGE MARKET, BY END USER
CHAPTER 5 WORLD CLOUD STORAGE MARKET, BY APPLICATION
CHAPTER 6 WORLD CLOUD STORAGE MARKET, BY GEOGRAPHY
CHAPTER 7 COMPANY PROFILES
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