Press release
Multiple Cloud Storage Market is Anticipated to Grow US$ 111.3 Billion by 2032 | FMI
The market for multiple cloud storage is anticipated to grow to US$ 23.7 billion in 2022 and is anticipated to reach US$ 111.3 billion by 2032, with a CAGR of 16.7 percent from 2022 to 2032.Multi cloud storage is adopted by most of the enterprises in order to use numerous cloud environment to satisfy the business requirement. An enterprise application might have multiple clouds such as private cloud, public cloud and hybrid cloud including managed service providers.
Multi cloud storage can be used by web providers, enterprises, and other businesses in order to minimize the risk of data loss and also it helps to improve the quality of service. Multi cloud storage offers several functions for storing and retrieving data and they are widely used as a shared storage solution for distributed applications.
The multi cloud storage helps organizations to adopt changing IT environment to minimize cost and to reduce the need to hardware and appliances.
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Multi Cloud Storage Market: Drivers and Challenges
The heavy adoption of emerging cloud based platform-as-a- service (Paas) by several enterprises is one of the major factor driving the multi cloud storage market. Multi cloud storage provides easy access to end users working on the different platform.
The implementation of multiple cloud services is increasing as it helps to reduce dependency on a single vendor. The multi cloud application management storage platform helps the organization to improve its overall performance by means of different infrastructure services to fulfill the computing needs of its users.
Integration issues of multi cloud storage is one of the major restraint faced by the multi cloud storage market.
Multi Cloud Storage Market: Regional Overview
Presently, North America region is holding the largest market share of multi cloud storage market followed by European and APAC region. In this regions, Multi cloud storage market is growing gradually owing to the adoption of various several cloud storage platforms services by small and large scale enterprises.
Multi Cloud Storage Market: Key Players
Some of the key players of the multi cloud storage market are: IBM Corp., SAP SE, Microsoft Corp., Gosun technology, Google, VMware and EMC
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The report covers exhaustive analysis on
Multi Cloud StorageMarket Segments
Multi Cloud StorageMarket Dynamics
Historical Actual Market Size, 2014 - 2016
Multi Cloud StorageMarket Size & Forecast 2017 to 2027
Value Chain
Multi Cloud StorageMarket Current Trends/Issues/Challenges
Competition & Companies involved
Multi Cloud StorageMarket Drivers and Restraints
Key Segments
By Deployment Type:
Public
Private
Hybrid
By Enterprise Size:
SMEs
Large Enterprises
By Verticals:
BFSI
Retail
Energy and Utility
Healthcare and Life Sciences
By Region:
North America
Latin America
Asia Pacific
MEA
Europe
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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