Press release
Cloud Video Storage Market 2022: In-depth Research with Emerging Growth Trends, Regional Status of Top Key Players, Driving Factors, Business Strategies and Industry Size Forecast to 2028
Cloud Video Storage Market 2022-2028
New study report" Cloud Video Storage Market 2022 Market Opportunities, Challenges, Strategies, and Forecasts 2028″ has been added to Fortune Business Insights.
Market Overview:
The global cloud video storage market size was USD 6.15 billion in 2020. The market size is expected to rise from USD 7.37 billion in 2021 to USD 20.93 billion by 2028 at a CAGR of 16.1% during the forecast period. The market is expected to grow in the coming years, owing to increasing demand for digital video streaming. The rising demand lead the market to grow at 19.7% in 2020 s compared to the average growth from 2017 to 2019. Fortune Business Insights™ publishes this information in a report titled, "Cloud Video Storage Market, 2021-2028".
Video files take up more space than other data due to their various parameters such as quality, duration, format, and others. Cloud storage is considered a prominent alternative to store video data where security and sharing parameters can be easily maintained. Also, videos can take upto terabytes of memory space to store on the cloud system. Ease of accessibility is one of the major advantages of cloud video storage.
Driving Factors:
Rising Popularity of OTT Platforms to Drive Market
The market is expected to exhibit significant growth in the coming years owing to the increasing demand for high security and scalable storage alternatives. Also, remote working activities and data sharing are likely to boost the market. ising poRpularity of OTT streaming services bolsters cloud storage demand in the entertainment sector. This storage ensures flexibility and availability of the video content with easy accessibility that is likely to increase the demand in various sectors. These factors are expected to ensure the cloud video storage market growth during the forecast period.
However, limited network bandwidth may hinder the market growth in the coming years.
List of Companies Covered in the Cloud Video Storage Market Report:
Google LLC
Dropbox, Inc.
Amazon Web Services, Inc.
Oracle Corporation
Microsoft Corporation
pCloud AG
BOX, Inc.
Dell Technologies Inc.
VMware, Inc.
IBM Corporation
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Covide-19 Impact:
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Method of Research:
Fail-safe, modern research methodologies are employed for the Cloud Video Storage market analysis. An exhaustive primary and secondary research conducted on the market using robust research techniques aid in the prediction of the market size at the end of forecast period. Top-up and bottom-down approaches were maintained in the entire market study.
Report Coverage:
Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
Comprehensive insights into the regional developments.
List of major industry players.
Key strategies adopted by the market players.
Latest industry developments such as product launches, partnerships, mergers, and acquisitions.
Key Industry Development:
May 2021: LucidLink, a cloud storage startup, raised USD 12 million in a series of funding through industry player participation in Adobe, Bright Cap Ventures, and Baseline Ventures. The company aims to leverage capital to improve its customer experience and expansion of business.
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Segmentation:
The regional summarization of the Cloud Video Storage market offers competitive strategies in different regions across the globe. Moreover, the market's key players are contributing to the market growth that tends to maximize the profits through the partnership in several places. The Cloud Video Storage market research is done broadly with the mentioned region to embrace the outlook and the latest trend with the prospects in the given period of 2022-2028.
Regional Insights:
North America Dominates Market Due to Rising Demand
North America holds the most prominent global cloud video storage market share owing to the generation of most cloud traffic among other regions. Also, the region is expected to hold its market position due to increasing government and consumer businesses in various sectors.
Europe is anticipated to hold the second-largest market share due to increasing cloud computing services in the region. The region is expected to gain momentum in the coming years due to key players in the industry.
Continue….
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