Cloud Storage Market Growing at 25.8% CAGR to 2021

Cloud Storage Market Growing at 25.8% CAGR to 2021

Global growth of cloud storage market is driven by factors such as growing demand for hybrid cloud storage, increasing need for enterprise mobility, need for reduced infrastructure cost, increased adoption of cloud technology by Small and Medium Enterprises (SMEs) and the organizations’ inclination toward subscription-based storage and pay-per-use model.

Complete report on cloud storage market spread across 157 pages, profiling 10 major cloud storage companies and supported with 76 data tables and 55 figures is now available here.

Primary storage is expected to have the largest cloud storage market share during the forecast period. Cost efficiency for enterprises is the major advantage of primary storage as it charges customers based on the storage space utilized.

The increasing adoption of cloud-based solutions among the enterprises is driving the growth of primary storage solution. Regionally, North America to have the largest share of cloud storage market while Asia-Pacific (APAC) is set to grow at the highest CAGR.

Cloud storage helps avoid security issues and IT glitches and is therefore, growing rapidly in APAC. Cloud emergence and mandatory government regulations are simultaneously helping in boosting the growth of the cloud storage market in the region.

The report aims at estimating the market size and future growth potential of cloud storage market across different segments such as solutions, services, deployment models, organization size, industry verticals, and regions.

The need to maintain on-premises storage resources such as disk storage and tape devices was reduced due to the availability of cloud storage solutions. Some of the benefits provided by cloud storage solutions include scalability, flexibility, infrastructure cost, and security.

The increasing demand for cloud storage solutions among SMEs has further enhanced the demand for across many verticals.

Overall objectives of the study include aiming: To describe and forecast the global cloud storage market on the basis of solutions, services, deployment models, organization size, industry verticals, and regions; To forecast the market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA),and Latin America; To strategically analyze sub segments with respect to individual growth trends, future prospects, and contribution to the total market; To provide a detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges); To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players; To strategically profile key players and comprehensively analyze their core competencies1 and positioning and To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the market.

The various key cloud storage market players profiled in the report include Amazon Web Services (Washington, U.S.), Microsoft Corporation (Washington, U.S.), IBM Corporation (New York, U.S.), Hewlett Packard Enterprise (California, U.S.), VMware Inc. (California, U.S.), EMC Corporation (Massachusetts, U.S.), Google Inc. (California, U.S.), Oracle Corporation (California, U.S.), Rackspace Inc. Texas, U.S.), and Dropbox Inc. (California, U.S.). Order a copy of this report titled Cloud Storage Market by Solution (Primary Storage, Disaster Recovery & Backup Storage, Cloud Storage Gateway & Data Archiving), Service, Deployment Model (Public, Private & Hybrid), Organization Size, Vertical & Region – Global Forecast to 2021 here.

On a related note, another research on Cloud Services Brokerage and Enablement Market to 2021 says cloud services brokerage and enablement market size is estimated to grow from USD 7.44 billion in 2016 to USD 26.71 billion by 2021, at an estimated CAGR of 29.1% from 2016 to 2021.

The external enablement component market is expected to grow at the highest CAGR during the forecast period. The external enablement platform collaborates hardware vendors, virtualization players, distributors, CSPs (IaaS, SaaS, PaaS, BPaaS), security providers, among many other cloud service offerings, on a common platform; this has led to its greater popularity among the cloud enablement market end users.

Companies like Accenture PLC., Capgemini S.A, NEC Corporation, ComputeNext, Jamcracker, Inc., Arrow Electronics, Inc., HP Enterprise, Gravitant, Liaison Technologies and Nephos Technologies are profiled in this 132 pages report available here.

Source: PR Newswire

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