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Cloud Storage Market 2023 : Trends, Business Growth And Major Driving Factors | Google LLC (Alphabet, Inc.,), Amazon Web Services, Inc., Dropbox, Inc., Dell EMC Corporation, Hewlett Packard Enterprise Company
Cloud Storage Global Market Report
The Business Research Company's Cloud Storage Global Market Report 2023 identifies the exponential growth in data volumes is expected to propel the growth of the cloud storage market going forward. Data volume refers to the size of the data sets that need to be analyzed and processed, which are larger than terabytes and petabytes. The increasing use of computers and digital technologies in organizations has led to a rise in the amount of data generated. This further has increased the need for storage systems like cloud storage, which store the data over the internet and thus decrease the burden of organizations to maintain a physical data center.
The global cloud storage market size grew from $83.55 billion in 2022 to $100.2 billion in 2023 at a compound annual growth rate (CAGR) of 19.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cloud storage market size is expected to grow to $206.61 billion in 2027 at a CAGR of 19.8%.
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Major players in the cloud storage market are Google LLC (Alphabet, Inc.,), Amazon Web Services, Inc., Dropbox, Inc., Dell EMC Corporation, Hewlett Packard Enterprise Company, IBM Corporation, Microsoft Corporation, Oracle Corporation, Alibaba Cloud (Alibaba Group), Rackspace Hosting Inc., VMware Inc., Dropbox Inc., NetApp Inc., Cisco Systems Inc., and Salesforce.com.
A key trend in the Cloud Storage market includes the technological advancement has emerged as a key trend gaining popularity in the cloud storage market. Major players in the cloud storage market are increasing capabilities with innovative technologies to protect enterprise data, meet organizations' workloads, and reduce costs.
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https://www.thebusinessresearchcompany.com/report/cloud-storage-global-market-report
The Cloud Storage market is segmented -
1) By Type: Object Storage, File Storage, Block Storage
2) By Component: Storage Model, Services
3) By Mode: Private Cloud, Public Cloud, Hybrid Cloud
4) By Organization Size: Large Enterprises, Small and Medium-sized Enterprises (SMEs)
5) By Vertical: BFSI, IT and Telecommunication, Government and Public Sector, Manufacturing, Healthcare and Life Science, Retail and Consumer Goods, Media and Entertainment, Other Verticals (Energy & Utilities, Chemical, Travel & Hospitality)
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Cloud Storage market.
The Business Research Company's "Global Cloud Storage Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Cloud Storage Market Include:
1. Executive Summary
2. Cloud Storage Market Characteristics
3. Cloud Storage Market Trends And Strategies
4. Cloud Storage Market - Macro Economic Scenario
5. Cloud Storage Market Size And Growth
……
27. Cloud Storage Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cloud Storage Market
29. Cloud Storage Market Future Outlook and Potential Analysis
30. Appendix
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