Cloud Storage Market Size, Share - Growth, Trends, and Forecast (2020 - 2025) The Global Cloud Storage Market is Segmented by Solution (Cloud Storage Gateway, Primary Storage, Backup Storage, Data Archiving), Service (Managed Services, Professional Services), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), End-User, and Geography. Cloud storage enables the user to store the data on the Internet through a cloud computing provider that manages and operates data storage as a service. Cloud Storage Services Market Report Coverage: Key Growth Factors & Challenges, Segmentation & Regional Outlook, Top Industry Trends & Opportunities, Competition Analysis, COVID-19 Impact Analysis & Projected Recovery, and Market Sizing & Forecast. In July 2019 - IBM announced major upgrades to its IBM Spectrum Discover unified metadata management, Cloud Object Storage, Spectrum Plus data protection and VersaStack converged infrastructure platform with an eye on the cloud and modern workloads. Market Study Report, LLC. This statistic shows the market share of the leading cloud infrastructure service providers from 2017 to 2020. Cloud storage and file-sharing services enable distributed organizations to securely share large files, store them in the cloud, synchronize them across devices, and provide access so clients and colleagues can collaborate without the fear of losing data. For instance, in June 2019, Indian Army announced its plans to expand its cloud computing network for storing and sharing operational and personnel information such as deployments, movement of formations and health and service records. Request Sample Copy of this Report @ https://www.aeresearch.net/request-sample/265966. Through strategic partnerships, research and developments, and mergers & acquisition these players have been able to gain a greater footprint in the market. Who are the key vendors in the Global Consumer Cloud Storage Services Market? Why waste valuable storage space on your PC or phone when you can store your documents and media in the cloud and share it … Market share held by all product segments. Consumer Cloud Storage Services Market Overview, Global Consumer Cloud Storage Services Production, Revenue, Price Trend by Type, Global Consumer Cloud Storage Services Market Analysis by Applications, Company Profiles and Key Figures in Consumer Cloud Storage Services Business, Consumer Cloud Storage Services Manufacturing Cost Analysis, Marketing Channel, Distributors, and Customers, Global Consumer Cloud Storage Services Market Forecast. The cloud enables the bank to synchronize the enterprise; to break down operational and data silos across risk, finance, regulatory, customer support, amongst others and more importantly, it allows such institutions to combine such massive data sets in one place, and can apply advanced analytics for integrated insights. A survey by Cisco reported that 69% of the IT decision makers favor BYOD as an optimistic addition to workplace policy as it saves workers time. For instance, in February 2018, Google opened its first Google Cloud Platform (GCP) region in Canada, with reduced prices for Google Cloud Storage infrequent access and cold storage classes, as well as its Nearline Storage features, for users in the region. AWS has 32% of the market and generated more revenue than the next three largest combined, Azure is at 19% of the market, Google Cloud at 7%, … Totals sales and revenue records of each region. Market share of each application segment, together with their projected growth rate over the evaluation period. This in itself is indicative of the fact that such an increase would require solutions like cloud storage to handle the surge thereby boosting the growth of the cloud storage over the forecast period. This report focuses on the global Consumer Cloud Storage Services status, future forecast, growth opportunity, key market and key players. The research document has been put together in a manner that aids companies in better understanding the prevailing trends and identifying future growth prospects to make well-informed decisions. For instance, in September 2019, Facilis Technology announced that it had entered into a strategic partnership with Qualstar on Object Cloud storage solution. All Rights Reserved to Mordor Intelligence. Application spectrum: Adults and Teenagers. To understand geography trends, Download Sample Report. As worldwide server revenue reached $24 billion in the second quarter of 2020 amid the COVID-19 pandemic, Hewlett Packard Enterprise and Dell Technologies are neck and neck in market-share … This has resulted in a massive surge in the generation of data which is propelling such institutions to have cloud storage in place. This in itself is indicative of the fact of banking institutions could need solutions like cloud storage to handle such amounts of data. This is expected to boost the cloud storage market’s growth over the forecast period. are cited in the report. AWS has expanded well beyond cloud compute and storage. Cloud Storage Market Statistics: 2027 The cloud storage market size was valued at $46.12 billion in 2019, and is projected to reach $222.25 billion by 2027, growing at a CAGR of 21.9% from 2020 to 2027. The increasing automation in the fields of aerospace and defense coupled with the necessity to improve storing and sharing data on operations and soldiers over the army cloud is expected to drive the market over the forecast period. What are the key outcomes of Porter’s five forces model? This is expected to boost the adoption of the cloud storage over the forecast period. The Best Cloud Storage and File-Sharing Services for 2020. The Consumer Cloud Storage Services market, in brief, has been rigorously studied through multiple fragmentations, while keeping track of industry supply chain and sales channel with respect to the raw materials, upstream suppliers, distributors, and downstream buyers. Report scope can be customized per your requirements. What are the risks and challenges in front of the market? © 2020. [240 Pages Report] The global cloud storage market size is projected to grow from USD 50.1 billion in 2020 to USD 137.3 billion by 2025, at a Compound Annual Growth Rate … Gartner projects global public cloud revenue will grow 17% in 2020 to $266.4 billion. Some of the prominent players in the market through strategic partnerships, mergers & acquisitions, research & developments have been able to further the technology. According to a study published by CenturyLink, a telecommunications company, the cloud computing technology is expected to generate revenue of USD 411 billion by 2020, across the world. This report segments the market by Solution (Cloud Storage Gateway, Primary Storage, Backup Storage, Data Archiving), Service (Managed Services, Professional Services), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), End-User, and Geography. The public cloud deployment model held over 50% of the Europe cloud computing market share in 2018 as this deployment model supports resource sharing by multiple enterprises to … Insights pertaining to manufacturing plants of the manufacturers and their base-of-operations across the various geographies. A recent market research report added to repository of Credible Markets is an in-depth analysis of “Global Cloud Storage Services Market… In the latest Consumer Cloud Storage Services market report, numerous aspects pivotal to the industry augmentation in the recent past as well as the key global developments are analyzed to help businesses stay ahead of the curve. 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