Cloud Storage Market 2022 Top Players, Segments, Applications, Types, Competitors, Demographics and Forecast to 2030
Need for quick access to data for remote workforce efficiency is a key factor driving cloud storage market revenue growth
VANCOUER, BC, CANADA, August 30, 2022 /EINPresswire.com/ — The global cloud storage market size reached USD 70.35 Billion in 2021 and is expected to register a revenue CAGR of 24.3% during the forecast period, according to latest analysis by Emergen Research. Rising demand for quick access to data for remote workforce efficiency and rapid adoption of digitalization are key factors driving market revenue growth.
Cloud storage enables effective outsourcing storage needs to business owing to reduction of expenses of internal resources, servers, and hard drives. Moreover, automatic synchronization and easy accessibility are other key factors driving demand for cloud storage solutions. Rising demand for cloud storage solutions is also leading to effective data and file management including ease of sharing and collaboration, backup provision, and the capacity to store data for extended durations. Faster build and flexible deployments in addition to easy recovery in the event of hard drive failure or any malfunction are key factors driving revenue growth of the market.
Some of the prominent players operating in the market are:
Google, Amazon Web Services, Inc., IBM, Dell Inc., Microsoft, Hewlett Packard Enterprise Development LP, Oracle, Alibaba Cloud, Dropbox, and Rackspace Technology.
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PDF Sample report Contains the Following Information:
Cloud Storage Market Overview (Drivers, Restraints, Opportunities and Trends)
PESTLE ANALYSIS, PORTER’S Five Forces Analysis and Opportunity Map Analysis
Outlook by Region, BPS Analysis, Marketing Strategy, Methodology and Data Source.
Manufacturer Analysis and Many More…
Scope of the Global Cloud Storage Market Report :
The report performs an accurate estimation of the growth prospects of the different market segments by studying the current market scenario, past performance, demand and supply ratio, production, consumption, sales, and revenue generation of the key players in the upcoming years. The market segmentation provides a 360° view of the Cloud Storage Market industry, which turns out to be beneficial for readers interested in this sector.
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The report highlights the current impact of COVID-19 on the Cloud Storage Market along with the latest economic scenario and changing dynamics of the market. It analyzes the impact of the pandemic on market growth and remuneration. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the market for Cloud Storage Market according to the impact of COVID-19.
Some Key Highlights from the Report :
The storage segment includes sub-segmented such as file storage, object storage, and block storage. The storage segment accounted for a significantly robust revenue share in 2021 owing to high demand for reliable storage and easy access along with rapidly increasing data volumes across various enterprises and sectors. Rising demand for cloud storage for improved collaboration and productivity for effective management, particularly after COVID-19 pandemic, which has resulted in greater storage capacity for remote workers.
Public segment accounted for a significantly large revenue share in 2021. Cost-effectiveness, high reliability, no requirement of maintenance, and unlimited scalability are some of the key factors driving revenue growth of this segment. Public clouds are operated by third-party service providers for licensing storage capacity. Public cloud file services offer easy-to-use repositories of file data for collaboration, sharing, and archiving. On 27 June 2022, Oracle introduced a lower entry point for Oracle Cloud Infrastructure (OCI) Dedicated Region in addition to a preview of Compute Cloud@Customer services. OCI Dedicated Region provides full public cloud to customer data centers with new and smaller footprint at reduced price.
Banking, Financial Services and Insurance (BFSI) segment accounted for a significantly large revenue share in 2021. Rapid digitalization and use of e-wallet, netbanking, and digital payments among others are key factors driving revenue growth of the segment owing to high requirement of secure storage models. Rising need for financial institutions to make data-driven decisions to gain a competitive edge requires implementation of smarter business platforms that are flexible, adaptive, and scalable.
Segments covered in the report:
Emergen Research has segmented global cloud storage market on the basis of component, deployment type, industry, and region:
Component Outlook (Revenue, USD Billion; 2019-2030)
Storage
File storage
Object storage
Block storage
Services
Deployment Type Outlook (Revenue, USD Billion; 2019-2030)
Hybrid
Private
Public
Explore the Full Index of the Cloud Storage Market Research Report 2022
Industry Outlook (Revenue, USD Billion; 2019-2030)
Banking, Financial Services and Insurance (BFSI)
Government
Retail
IT & Telecommunications
Manufacturing
Healthcare
Others
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Geographic Segment Covered in the Report:
The Cloud Storage Market provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
North America (USA and Canada)
Europe (UK, Germany, France and the rest of Europe)
Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
Latin America (Brazil, Mexico, and the rest of Latin America)
Middle East and Africa (GCC and rest of the Middle East and Africa)
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Key questions answered in the report:
What is the Cloud Storage Market growth potential?
Which product category will be the most profitable?
In the coming years, which regional market will emerge as a leader?
Which application segment will continue to expand at a steady rate?
What are the potential growth opportunities in the Cloud Storage Market in the coming years?
What are the most significant challenges that the Cloud Storage Market s may face in the future?
What are the top companies in the Cloud Storage Market ?
What are the main trends that are positively impacting the Market’s growth?
About us :
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
Eric Lee
Emergen Research
+91 90210 91709
sales@emergenresearch.com
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