This report covers COVID-19 impact analysis on Cloud Storage Market Regional segmentation: North America, Europe, Asia-Pacific, South America, Middle East & Africa, South East Asia. the competitive rivalry in the cloud storage market is high owing to the presence of some major players such as Microsoft, IBM, Oracle, amongst others. Sep 24, 2020 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry." The cloud data storage services are paid on a per-consumption, and monthly rate. 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. Software as a Service (SaaS) segment dominated the cloud computing market with a share of over 54% in 2019 owing to its flexible costs, easy maintenance, and deployment. Consumer Cloud Storage Services Latest Research Report. The data which is stored in and is accessible from multiple distributed and connected resources. 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. Leading companies: Apple, Google, Box, Dropbox, Amazon, Microsoft, Sync, Hubic, Mediafire and Pcloud. 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. 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. Who are the key vendors in the Global Consumer Cloud Storage Services Market? All Rights Reserved to Mordor Intelligence. 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. Some of the prominent players in the region through research and development have been able to further the technology. Growth rate estimates for all product types over the forecast duration. It helps in understanding the major key product segments. Cloud storage is a service model that offers a platform to maintain, manage, and backup data remotely and at the same time, ensure data availability to users over a network (typically the Internet). One of the highest-growth secular tech trends of the 2020s will be cloud computing. This is expected to fuel the demand for cloud storage over the forecast period. For instance, in September 2019, Facilis Technology announced that it had entered into a strategic partnership with Qualstar on Object Cloud storage solution. Some of the prominent players in the market through strategic partnerships, mergers & acquisitions, research & developments have been able to further the technology. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. What are the key factors driving the Global Consumer Cloud Storage Services Market? GLOBAL CLOUD STORAGE MARKET FORECAST 2019-2027 Cloud Storage Market by Deployment (Public Cloud, Private Cloud) by Organization Size (Large Enterprise, Small Medium Business) by End Users (Banking, Financial Services & Insurance, Telecommunication, Consumer Goods & Retail, Media & Entertainment, Healthcare & Life Sciences, Government & Other End Users) by Solutions ( Primacy Storage… The global cloud storage services market size is expected to grow by USD 73.21 billion during 2020-2024, according to Technavio. Projected growth rate of the industry over the analysis timeline, backed with a comparative study of the historical data and current market scenario is included. Moreover, cheap and secure storage options result in rapid industrial development. Moreover, it suggests strategies to tackle the challenges and threats plaguing the business sphere. This statistic shows the market share of the leading cloud infrastructure service providers from 2017 to 2020. What are the risks and challenges in front of the market? This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. Application spectrum: Adults and Teenagers. This is expected to boost the adoption of the cloud storage over the forecast period. Totals sales and revenue records of each region. For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies. It offers an analysis of changing competitive scenario. The key questions answered in this report: Significant Point Mentioned in the Research report: Major Points Covered in Table of Contents: Request Customization on This Report @ https://www.aeresearch.net/request-for-customization/265966. 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. Pricing model, sales graph, returns, and market share of the listed companies. Also, the hybrid cloud deployment is occupying a continuously increasing share in the cloud market. Which are the global opportunities for expanding the Global Consumer Cloud Storage Services Market? To understand geography trends, Download Sample Report. Market share of each application segment, together with their projected growth rate over the evaluation period. This in itself is indicative of the fact of banking institutions could need solutions like cloud storage to handle such amounts of data. The Best Cloud Storage and File-Sharing Services for 2020. All Rights Reserved. The market overview, market dynamics, market growth, etc. If processors based on Arm become the norm in the data center, the industry can thank the gravitational pull of AWS… Annual growth rate of each regional market over the estimated timeframe. Amazon web services has the largest cloud computing market share in at 32%. is a hub for market intelligence products and services. Global Storage as a Service (STaaS) market expected to surge at a whopping CAGR of 16.4% between 2020 and 2030 Demand for STaaS will see an explosion as a third of companies’ IT budget is for cloud services Storage as a Service to be the backbone of companies as cloud computing becomes mainstream with 90% business opting for better solutions 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. 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. Through strategic partnerships, research and developments, and mergers & acquisition these players have been able to gain a greater footprint in the market. Key growth drivers and opportunities that are slated to influence to profitability graph of the industry over the assessment period are highlighted in the report. Google’s Cloud Platform is estimated by Gartner to command a public cloud market share of 4%, with annual revenues of $1.3 billion and growth of 60% in 2018. It offers a seven-year assessment of 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 … Insights pertaining to manufacturing plants of the manufacturers and their base-of-operations across the various geographies. 4.2 Introduction to Market Drivers and Restraints, 4.3.1 Increase in Cloud Adoption Across Organizations, 4.3.2 Increase in Demand for Hybrid Cloud, 4.3.3 Growing Demand for Low-cost Storage and Faster Data Accessibility, 4.4.1 Privacy and Security Concerns regarding Cloud Storage, 4.5 Industry Attractiveness - Porter's Five Force Analysis, 4.5.2 Bargaining Power of Buyers/Consumers, 8. 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. 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. To understand key trends, Download Sample Report. Report scope can be customized per your requirements. Cloud Storage Market Size, Share - Growth, Trends, and Forecast (2020 ... Increasing demand for low-cost data backup, storage, and protection across all enterprises, coupled with the necessity to handle data generated by augmented usage of mobile technologies, favors the rate of adoption of cloud storage. Regional level has been mentioned with the technical data forecast duration, etc forecast period service providers 2017. To handle such amounts of data per-consumption, and market share, market Analysis, CAGR trends. 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