Cloud Storage Market was valued at US$ 78.59 Bn. in 2022 and the total Cloud Storage revenue is expected to grow at 17.4% from 2023 to 2029, reaching nearly US$ 241.59 Bn.
Cloud Storage Market Overview
Maximize Market Research is a leading Cloud Storage Market research firm that has delivered a detailed analysis of the “Cloud Storage Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape.
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Cloud Storage Market Scope and Methodology:
The Cloud Storage Market size was estimated using a bottom-up approach. Primary and secondary data collection methods were utilized to gather information for the Cloud Storage Market report. The Cloud Storage Market report provides a qualitative and quantitative analysis of market size, price, demand, mergers and acquisitions, supply chain, investment and expansion plans by key competitors, and predictions. The SWOT analysis was employed to identify the strengths and weaknesses of key players in the Cloud Storage Market industry, while the PESTLE analysis was used to evaluate the potential impact of macroeconomic and microeconomic factors on the Cloud Storage Market industry.
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 85% 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.
Cloud Storage Market Regional Insights
Market Regional Insights: The report offers comprehensive regional insights, shedding light on the diverse aspects of the Cloud Storage Market across various geographical regions. It meticulously analyzes market performance, emerging trends, and consumer behavior in each area. Additionally, the report delves into the competitive landscape and regulatory environment, providing businesses with a profound understanding of regional nuances.
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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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)
Key questions answered in the Cloud Storage Market are:
- What is the Cloud Storage Market?
- What was the Cloud Storage Market size in 2022?
- What are the different segments of the Cloud Storage Market?
- What growth strategies are the players considering to increase their presence in Cloud Storage Market?
- What are the upcoming industry applications and trends for the Cloud Storage Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Cloud Storage Market?
- What are the lucrative opportunities for the growth of the Cloud Storage Market?
- What major challenges could the Cloud Storage Market face in the future?
- What segments are covered in the Cloud Storage Market?
- Who are the leading companies and what are their portfolios in Cloud Storage Market?
- What segments are covered in the Cloud Storage Market?
- Who are the key players in the Cloud Storage Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- 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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