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.
Market Overview:
This study’s purpose is to give an overview of the Cloud Storage market as well as extensive market segmentation based on segments, and geography. The report includes vital information on the market positions of the major Cloud Storage companies, as well as notable industry trends and prospects.
The report also focuses on the leading industry players in the Cloud Storage market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into Cloud Storage Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This study examines the whole Cloud Storage Market Size from a worldwide standpoint, evaluating historical data and forecasts.
Market Dynamics:
The COVID-19 pandemic has boosted the culture of working from home. Businesses must preserve company continuity, make accommodations for rising workloads, and promote better teamwork. Businesses can use cloud data storage to ensure that employees always have access to data resources and files while also facilitating employee collaboration and file distribution via cloud drives. More than 85% of worldwide IT decision-makers believe that the COVID-19 outbreak hastened cloud migration for the great majority of organisations globally, according to LogicMonitor’s 2020 Cloud 2025 analysis. A survey indicates that the United States, Canada, and the United Kingdom will likely lead the way in cloud migration. Many cloud storage companies depend on the file hosting and sharing services provided by businesses like Microsoft, Oracle, Google, pCloud, Dropbox, and others.
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Market Scope:
The report also focuses on the leading industry players in the Cloud Storage market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.
Segmentation:
Based on component, application, deployment type, vertical, and geographic segments, the cloud storage market is divided. The development of various methods to help identify key application areas and the gap in the target market is facilitated by the expansion of distinct segments, which provides report users with information of the numerous growth variables anticipated to be prevalent throughout the market. The research offers a thorough study of the market and includes insightful information, actual details, historical data, and market statistics that have been scientifically backed and approved by the relevant industries. Additionally, it contains projections based on the proper methodology and set of assumptions.
Global Cloud Storage Market, by Component (2021-2029)
• Solutions
• Services
Global Cloud Storage Market, by Application (2021-2029)
• Primary Storage
• Backup and Disaster Recovery
• Archiving
Global Cloud Storage Market, by Deployment Type (2021-2029)
• Public
• Private
• Hybrid
Global Cloud Storage Market, by Vertical (2021-2029)
• 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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Key Players:
Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the Cloud Storage market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide Cloud Storage industry.
• 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)
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Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the Cloud Storage market in these regions.
COVID-19 Impact Analysis on Cloud Storage Market
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the Cloud Storage market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Cloud Storage Market Report are:
What will be the CAGR of the Cloud Storage market during the forecast period?
Which segment emerged as the leading segment in the Cloud Storage market?
Which are the prominent players in the Cloud Storage market?
What will be the Cloud Storage market size by 2027?
Which company held the largest share in the Cloud Storage market?
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