Press release
Cloud Storage Market to reach USD 241.59 Bn by 2029, emerging at a CAGR of 17.4 percent and forecast 2023-2029
Cloud Storage Market, Cloud Storage Market Growth,
The report offers an extensive scope, segmented by Component, Application, Deployment Type, Vertical, and Region. This segmentation provides a granular understanding of diverse market segments, enabling stakeholders to identify growth factors, core application areas, and market gaps. It incorporates historical data, statistically supported market statistics, and industry-validated information to provide meaningful insights into the market's evolution.
Employing a meticulous approach, our report's research methodology utilizes both primary and secondary research methodologies. Secondary research involves a thorough review of annual and financial reports of key market players. Additionally, primary research comprises interviews with industry experts, including opinion leaders, skilled personnel, entrepreneurs, and marketing professionals.
The report's estimations and market size calculations utilize a bottom-up approach, identifying key market players through secondary research and determining their revenues through primary and secondary research methodologies. This inclusive approach ensures the reliability and accuracy of the insights provided.
Our research methodology prioritizes the gathering of data from authentic sources, allowing us to present industry-validated information, meaningful insights, and statistically backed market statistics. We pride ourselves on employing a comprehensive and meticulous research methodology to deliver a comprehensive and accurate Cloud Storage Market report.
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What are Cloud Storage Market Dynamics:
The COVID-19 pandemic has increased the work-from-home culture. Companies must maintain business continuity, accommodate increased workloads, and foster improved cooperation. Data storage in the cloud allows businesses to make it easier for employees to collaborate and distribute files via cloud drives, while also ensuring employees have constant access to data resources and files. According to LogicMonitor's 2020 Cloud 2025 research, more than 85Percent of global IT decision-makers feel that the COVID-19 outbreak accelerated cloud migration for the vast majority of enterprises globally. According to a survey, the United States, Canada, and the United Kingdom are expected to be at the forefront of cloud migration. Several cloud storage firms rely on file hosting and sharing services offered by corporations such as Microsoft, Oracle, Google, pCloud, Dropbox, and Box. However, the market is dominated by a small number of competitors.
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Cloud Storage Market Regional Insights:
Asia Pacific is poised for significant growth with an expected CAGR of 9.2Percent. This surge is fueled by escalating government initiatives toward digital transformation and the burgeoning use of hybrid cloud storage, minimizing both Capital Expenditure and Operating Expense. Furthermore, global corporations expanding their cloud networks in Asia Pacific exemplify another pivotal driver for market growth. Notably, Wasabi Technologies' establishment of a new storage area in Singapore emphasizes the region's growing significance in catering to the demand for high-performance, cost-efficient cloud storage solutions while maintaining strong connections with clients and partners.
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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)
Table of content for the Cloud Storage Market includes:
1. Global Cloud Storage Market: 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 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• 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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