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. The Global Cloud Storage Market is expected to reach USD 170.02 billion by 2025, at a CAGR of 24.74% during the forecast period 2020-2025. 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. This is expected to boost the cloud storage market’s growth over the forecast period. 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. 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. 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. The increasing volume of data being uploaded on the servers of the enterprises has resulted in the need for high-end security, SSL, well-defined sharing, along with cost-effective options within the organization.For instance, on an average of approximately 60 million photos are uploaded daily by Instagram users, globally, and is rapidly increasing, owing to the company’s new policy associated with multiple uploads. According to Accenture in 2019, the Digital-only banks operating in the U.K. could amass a total of 35 million customers globally within a period of 12 months. What are the risks and challenges in front of the 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 … This has resulted in a massive surge in the generation of data which is propelling such institutions to have cloud storage in place. © 2020. 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 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. 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. 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%, … Request Sample Copy of this Report @ https://www.aeresearch.net/request-sample/265966. Application spectrum: Adults and Teenagers. What are the key factors driving the Global Consumer Cloud Storage Services Market? This report focuses on the global Consumer Cloud Storage Services status, future forecast, growth opportunity, key market and key players. Market share of each application segment, together with their projected growth rate over the evaluation period. This is expected to fuel the demand for cloud storage over the forecast period. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. Market share held by all product segments. Banks, in order to improve the revenue generation, increase customer insights, contain costs, deliver market-relevant products quickly and efficiently, and help monetize enterprise data assets, have started digitizing their working by introducing online portals through which a user can directly complete his work without any need for a bank official's intervention. 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 … What are the key outcomes of Porter’s five forces model? Market Study Report, LLC. Hence, with the growing number of mobile workers in organizations and workplaces, there has been a subsequent rise in the data generated and managed. 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. JPMorgan Chase in its 2018 annual report stated that the company had hit average mobile customers mark of 33.3 million, a number that was by 11% with Total active digital customers being 49.3 million. The increasing data breaches in the banking sector is propelling the banks to adopt cloud storage that allows them to store data in a space managed and owned by the bank or a third party that offers better security to the end-user. Through strategic partnerships, research and developments, and mergers & acquisition these players have been able to gain a greater footprint in the market. MARKET OPPORTUNITIES AND FUTURE TRENDS. 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. © 2020 aeresearch.net. 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. [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. This is expected to boost the adoption of cloud storage throughout the forecast period. Click here. 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 … Basic business information, along with product portfolio comprising detailed specifications and top applications. 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. Totals sales and revenue records of each region. 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. Remuneration accrued by each product type. Insights pertaining to manufacturing plants of the manufacturers and their base-of-operations across the various geographies. To 2026 planning methodologies of data which is propelling such institutions to have cloud storage Services market, returns and. Leading cloud infrastructure service providers from 2017 to 2020, together with their growth. 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