Press release
Cloud Storage Market is growing at a brisk pace
According to the latest research report published by Market Data Forecast, the global cloud storage market is expected to grow from USD 60.41 billion in 2024 to USD 185.69 billion by 2029, growing at a CAGR of 25.18% from 2024 to 2029.The cloud storage market is expanding with a variety of services from both industry leaders and newcomers. The market is dominated by prominent providers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud, and it is experiencing increased rivalry due to technology improvements and increasing client expectations. Hybrid and multi-cloud solutions are gaining pace, meeting various organizational scalability, security, and data management needs. Furthermore, niche businesses that target specific industries or provide specialized services add to market diversity. As businesses gradually depend on remote work and digital transformation, the cloud storage industry is primed for long-term growth, encouraging innovation and boosting efficiency.
Global Cloud Storage Market Report Scope:
• Market Size (2029): USD 185.69 Billion
• Market Size (2023): USD 60.41 Billion
• CAGR (2024 to 2029): 25.18%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: Type, Organization Size, Deployment, Model, Vertical, and Region
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players Profiled: AWS (USA), IBM (USA), Microsoft (USA), Google (USA), Oracle (USA), HPE (US), Dell EMC (US), VMware (US), Rackspace (USA), Dropbox (US), and Others.
Market Drivers:
The cloud storage market is expanding due to several important considerations. A major factor is the exponential increase in data generation and the need for low CAPEX and OPEX IT gear. The growing domains of big data and IoT are driving considerable growth in the cloud storage market. Managed and run by service providers, cloud storage services offer a scalable, adaptable, and agile architecture for data storage on the Internet. Businesses can benefit from this model's quick deployment times, scalability, lower CAPEX, and continuous business continuity.
Going forward, starting in January 2024 and lasting for the next one to two years, cloud storage providers will prioritize edge computing. The majority of people are ignorant of how important it is to take location into account when deciding where to locate cloud services. Furthermore, when cloud service infrastructure is used more, its cost will rise. However, further work will also be needed to provide a seamless connection. Because of this, cloud storage providers will focus on edge computing, whereby providers attempt to make cloud resources accessible near consumers. Stated differently, edge computing compels providers to choose a location for their service that is closest to their address. This lowers latency and improves overall reliability.
Market Restraints:
Metadata is crucial to the cloud storage industry, according to experts in the field. In the modern world, metadata is increasing at a shocking and unprecedented rate. Its issues will only get worse because unstructured data will inevitably grow exponentially. Many companies are still aware that having more metadata than they do data compromises scalability and performance. It also impacts database sharing and introduces new, time- and money-consuming issues. IT organizations are now compelled to closely monitor their software stack due to the metadata issue. As a result, they can guarantee that it meets the needs of contemporary, next-generation applications.
Ransomware is a type of malware that encrypts access to the target enterprise's files and data. The company is subsequently forced to pay a ransom, basically, an exorbitant sum according to legal terminology, by the hackers/cybercriminals to gain access to their files. If this form of malware manages to get into the company's cloud storage account, it could be a serious threat to operations. An attack using ransomware could make it impossible for the business to access vital data, which could result in the end of all commercial operations. However, cloud storage providers are aware of this issue and are proactively defending against ransomware. Many cloud storage providers have developed integrated malware detection services that check uploaded data for viruses after the customer uploads it. Anything that the scanning services deem dubious can be automatically quarantined.
Browse full details of the report @ https://www.marketdataforecast.com/market-reports/cloud-storage-market
Key Insights from The Report:
• Based on type, the solutions segment led the market and accounted for the largest share of the global market in 2023.
• Based on organization size, the large enterprises segment captured the highest share of the global market in 2023.
• Based on deployment mode, the private cloud segment occupied the majority of the global market share in 2023.
• Based on vertical, the banking, financial services, and insurance (bfsi) segment is estimated to dominate the global cloud-based contact center market.
• Asia Pacific dominated the cloud storage market in 2023. Europe accounted for the second-highest share of the global market in 2023, and on the other hand, the North American region is estimated to grow at a significant pace over the forecast period.
SEGMENTATION INCLUDED IN THIS REPORT:
By Type:
Solutions
Services
By Organization Size:
Large enterprises
Small and Medium-sized Enterprises (SMEs)
By Deployment Model:
Public Cloud
Private Cloud
Hybrid Cloud
By Vertical:
Banking, Financial Services and Insurance (BFSI)
Healthcare and Life Sciences
Telecommunications and Information Technology-Enabled Services (ITES)
Government and Public Sector
Manufacturing
Consumer Goods and Retail
Media And Entertainment
By Region:
North America
APAC
Europe
Latin America
Middle East and Africa
Browse Regional Reports:
Asia Pacific Cloud Storage Market - By Type (Solution - Primary Cloud, Disaster Recovery & Backup, Gateway, Data Archiving; Services - Professional, Managed), Deployment Model (Public, Private, Hybrid), Organization Size (Small & Medium Enterprises, Large Enterprises), Vertical (BFSI, IT & Telecom, Retail, Healthcare, Manufacturing, Government & Public Sector, Media & Entertainment) - Forecast to 2027 - https://www.marketdataforecast.com/market-reports/apac-cloud-storage-market
Latin America Cloud Storage Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report - Segmented By Component, Application, Deployment Type, Organization Size, Vertical, and Country (Mexico, Brazil, Argentina, Chile, and Rest of Latin America) - Analysis on Size, Share, Trends, COVID-19 Impact and Growth Forecast from 2024 to 2029 - https://www.marketdataforecast.com/market-reports/latin-america-cloud-storage-market
TABLE OF CONTENTS:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year, and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferences
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market Share Analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquisition Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Cloud Storage Market, By Type
6.1.1 Solutions
6.1.2 Services
6.1.3 Market Size Estimations & Forecasts (2024 to 2029)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Cloud Storage Market, By Deployment Model
6.2.1 Public Cloud
6.2.2 Private Cloud
6.2.3 Hybrid Cloud
6.2.4 Market Size Estimations & Forecasts (2024 to 2029)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Cloud Storage Market, By Organization Size
6.3.1 Large Enterprises
6.3.2 Small Enterprises
6.3.3 Medium-Sized Enterprises
6.3.4 Market Size Estimations & Forecasts (2024 to 2029)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Cloud Storage Market, by Region
7.2 North America - Market Analysis (2024 to 2029)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Type
7.2.3 By Deployment Model
7.2.4 By Organization Size
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Type
7.3.3 By Deployment Model
7.3.4 By Organization Size
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Deployment Model
7.4.4 By Organization Size
7.5 Latin America
7.5.1 By Country
7.5.1.1 brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Type
7.5.3 By Deployment Model
7.5.4 By Organization Size
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Type
7.6.3 By Deployment Model
7.6.4 By Organization Size
8. Key Player Analysis
8.1 AWS
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 IBM
8.3 Microsoft
8.4 google
8.5 Oracle
8.6 HOPE
8.7 Dell EMC
8.8 Vmware
8.9 Rackspace
8.10 Dropbox
9. Market Outlook & Investment Opportunities
10. Appendix
List of Tables
List of Figures
ABOUT US:
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
MarketDataForecast
www.marketdataforecast.com
Phone: +1-888-702-9626
Email: sales@marketdataforecast.com
3rd Floor, Trendz Park Building, Jain Rock Garden Rd, Vittal Rao Nagar, Madhapur, Hyderabad, Telangana, India.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cloud Storage Market is growing at a brisk pace here
News-ID: 3440266 • Views: …
More Releases from Market Data Forecast

The State of the Hospitality Market
According to the latest research report published by Market Data Forecast, the state of the hospitality market is expected to grow at a CAGR of 16.13% during the forecast period 2024-2029. The market value was at USD 4770 billion in 2023 and the value is expected to reach USD 11,699 billion by the end of 2029.
The State of the Hospitality Market Report Scope:
• Market Size (2029): USD 11,699 Billion
• Market…

Vending Machines Market Share, Industry Analysis & Forecast Report 2024-2029.
According to the latest research report published by Market Data Forecast, the Global Vending Machines Market was worth US$ 20.46 billion in 2023 and is anticipated to reach a valuation of US$ 27.58 billion by 2029 from US$ 21.50 billion in 2024, and it is predicted to register a CAGR of 5.1% during the forecast period 2024-2029.
Global Vending Machines Market Report Scope:
• Market Size (2029): USD 27.58 Billion
• Market Size (2023): USD…

Solar Panel Cleaning Market Sees Explosive Growth Globally
According to the latest research report published by Market Data Forecast, the global solar panel cleaning market is expected to reach USD 1.52 billion by the end of 2029 from USD 0.73 million in 2023, registering a CAGR of 12.72% during the forecast period.
Global Solar Panel Cleaning Market Report Scope:
• Market Size (2029): USD 1.52 Billion
• Market Size (2023): USD 0.73 Billion
• CAGR (2024 to 2029): 12.72%
• Base Year: 2023
• Forecast Period: 2024 to…

Why We Need Smartwatches in India
Smartwatches have become increasingly popular worldwide, blending the functionality of a smartphone with the convenience of a wristwatch. In India, a country with diverse needs and a burgeoning tech-savvy population, the potential for smartwatches is immense. This blog delves into the reasons why India needs smartwatches and how they could revolutionize various aspects of daily life for millions of people across the nation.
1. Health and Fitness Tracking: A National Necessity
India…
More Releases for Cloud
Government Service Cloud Market SWOT Analysis by Leading Key Players: Google Clo …
HTF MI just released the Global Government Service Cloud Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major companies profiled in Government Service Cloud Market are:
Amazon Web…
Cloud Model Hosting Platform Market Size, Status, Global Outlook 2025 To 2033 | …
New Jersey, United States: The latest research study by Infinity Business Insights, titled 'Global Cloud Model Hosting Platform Market,' 118 analysis on business strategies adopted by key and emerging industry players. It provides insights into current market developments, trends, technologies, drivers, opportunities, and overall market outlook. Understanding various segments is crucial for identifying the factors that drive market growth. Some of the major companies featured in this report include Amazon Web…
AI Supercomputing Cloud Market to Witness Huge Growth by 2029 | AWS, Oracle, Mic …
The AI Supercomputing Cloud Market a detailed study added to provide most recent insights about critical reports of the Global AI Supercomputing Cloud market. This report provides a detailed overview of key factors in the AI Supercomputing Cloud Market and factors such as driver, limitation, past and current trends, guiding scenarios, and technology development. In addition, AI Supercomputing Cloud Market attractiveness according to country, end-user, and other measures is also…
Open Cloud Services Market Size in 2023 To 2029 | Google Cloud - T-Systems - IBM …
The Open Cloud Services market report includes market-driving factors, major obstacles, and restraining factors impeding market growth. The report assists existing manufacturers and start-ups in developing strategies to combat challenges and capitalize on lucrative opportunities to gain a foothold in the global market. Moreover, the report provides thorough information about prime end-users and annual forecast during an estimated period.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 + 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐓𝐎𝐂 ➡️ https://www.reportsnreports.com/contacts/requestsample.aspx?name=6778415
𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝…
Mini Program Development Services Market Size in 2023 To 2029 | Tencent Cloud, A …
The Mini Program Development Services market report provides valuable insights for new entrants and stakeholders, offering a comprehensive understanding of market dynamics. It analyzes the competitive landscape and future market scenarios using tools like Porter's five forces and parent/peer market analysis. The report evaluates the product portfolios and services of key market players in detail. It also examines the impact of government regulations during the Covid-19 pandemic and provides market…
Customized Cloud Service Market May See a Big Move | IBM Cloud, Oracle Cloud, Al …
Global Customized Cloud Service Market Growth (Status and Outlook) 2023-2029 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Customized Cloud Service Market. Some of the key players profiled in the study are Google…