Press release
The Cloud Storage Market was valued at USD 78.59 Bn in 2022 and is projected to reach USD 241.59 Bn by 2029, growing at a CAGR of 17.4 Percent during the forecast period.
Cloud Storage Market
The comprehensive report on the Cloud Storage Market provides a detailed analysis of the industry, including market values, growth rates, and segmentation based on components, applications, deployment types, verticals, and regions. The report offers valuable insights into the market dynamics, drivers, restraints, and regional trends. It encompasses a robust research methodology, combining primary and secondary research, to provide accurate and reliable data.
The report adopts a rigorous research methodology, incorporating both primary and secondary research techniques. Extensive primary research, including interviews with industry experts and key stakeholders, helps gather first-hand information and insights. Secondary research involves the collection and analysis of data from various credible sources such as company websites, annual reports, white papers, and statistical databases. The report presents a comprehensive analysis of the market's drivers, restraints, and growth opportunities.
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What are Cloud Storage Market Dynamics:
The market growth of cloud storage is driven by the increasing need to provide remote workers with constant access to data, cost-effectiveness, scalability, and the demand for safe storage models. However, latency concerns, network outages, and data privacy and security issues pose challenges to market growth. The report provides insights into the impact of the COVID-19 pandemic on cloud migration and highlights the importance of data privacy and security procedures.
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Cloud Storage Market Regional Insights:
North America dominated the market with a revenue share of over 40 percent in 2022, driven by the presence of major cloud service providers, growing data centers, and the increased use of new technologies and smart home devices. The region's demand for cloud storage solutions is further fueled by the popularity of video streaming services and digital payments. The European market is expected to grow at a CAGR of 8.1 percent during the forecast period, driven by the increasing use of cloud computing and government initiatives supporting cloud storage solutions.
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What is Cloud Storage Market Segmentation:
By Component:
• Solutions
• Services
By Application:
• Primary Storage
• Backup and Disaster Recovery
• Archiving
By Deployment Type:
• Public
• Private
• Hybrid
By Vertical:
• BFSI
• IT and ITeS
• Telecommunications
• Healthcare and Life Sciences
• Media and Entertainment
• Consumer Goods and Retail
• Manufacturing
• Government and Public Sector
• Energy and Utilities
• Others
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Who are Cloud Storage Market Key Players:
• Amazon Web Services, Inc (US)
• Google (US)
• Microsoft (US)
• IBM (US)
• Wasabi (US)
• Oracle (US)
• Rackspace Technology (US)
• Hewlett Packard Enterprise (US)
• Dell Technologies (US)
• Dropbox (US)
• VMware (US)
• NetApp (US)
• Hitachi Vantara (US)
• Scality (US)
• Citrix (US)
• DigitalOcean (US)
• Zadara (US)
• Cisco Systems, Inc. (US)
• Data direct Networks (US)
• MongoDB, Inc. (US)
• Alibaba Cloud (China)
• Tencent Cloud (china)
• Huawei (China)
• Fujitsu (Japan)
• UpCloud Ltd (Finland)
• pCloud (Switzerland)
• Degoo (Sweden)
• Rohde & Schwarz (Germany)
• Mecalux, S.A. (Spain)
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Table of content for the Cloud Storage Market includes:
1. Global Cloud Storage: Research Methodology
2. Global Cloud Storage Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Cloud Storage Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Cloud Storage Market Segmentation
• Global Market, by Component (2022-2029)
• Global Market, by Application (2022-2029)
• Global Market, by Deployment Type (2022-2029)
• Global Market, by Vertical (2022-2029)
5. Regional Cloud Storage Market (2022-2029)
• Regional Market, by Component (2022-2029)
• Regional Market, by Application (2022-2029)
• Regional Market, by Deployment Type (2022-2029)
• Regional Market, by Vertical (2022-2029)
• Regional Market, by Country (2022-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Component, Application, Deployment Type and Vertical
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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