Cloud Storage Market Size is Projected To Reach USD 222.25 Billion By 2027 - Valuates Reports

Cloud Storage Market Size is Projected To Reach USD 222.25 Billion By 2027 - Valuates Reports

PR Newswire

BANGALORE, India, Oct. 6, 2020

BANGALORE, India, Oct. 6, 2020 /PRNewswire/ -- According to the Latest Market Research Report "Cloud Storage Market Based on  Component (Solution and Services), Deployment Type (Private, Public, and Hybrid), User Type (Large Enterprises and Small and Medium Enterprises), and Industry Vertical (BFSI, Government & Public Sector, Healthcare, IT & Telecom, Retail, Manufacturing, Media & Entertainment, and Others) and Based on Region – Global Forecast to 2027", published on Valuates Reports.

Valuates Reports

The global cloud storage market size was valued at USD 46.12 Billion in 2019 and is projected to reach USD 222.25 Billion by 2027, growing at a CAGR of 21.9% from 2020 to 2027.

Major factors driving the growth of Cloud Storage Market size are a substantial change to hybrid cloud as the primary deployment model, increased compensation for low-cost data storage, faster accessibility of data, increased cloud adoption across several industry verticals, security concerns over cloud storage, and growth in cloud adoption among small and medium enterprises.

Get Detailed Analysis of COVID-19 Impact on Cloud Storage Market: https://reports.valuates.com/request/sample/ALLI-Manu-0Q26/_Cloud_Storage_Market

TRENDS INFLUENCING THE CLOUD STORAGE MARKET SIZE

The growing demand for hybrid storage, where flexibility is given to move between private and public storage space, is expected to drive the cloud storage market size during the forecast period. Furthermore, the high private cloud prices and the risk of open threats in public cloud storage among end-users, including banking, healthcare, and government sectors. This increase in the adoption of a hybrid cloud.

Regardless of the location of the data center, cloud storage provides quicker data access. Also, cloud storage entails low investment costs because on-site data centers and additional service and maintenance costs are not needed. This, in turn, is expected to fuel the cloud storage market size.

COVID-19 has pushed companies to migrate to cloud environments to deal with the lockdown crisis and promote their geographically scattered teams with regular data access, sharing, and collaboration.

View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-0Q26/cloud-storage

CLOUD STORAGE MARKET SHARE ANALYSIS

Based on the industry, the BFSI segment is expected to hold the largest cloud storage market share. Since BFSI companies are expected to process, recover, and preserve large volumes of data, different cloud strategies are continuously adopted. For improved scalability, low latency, and data protection, this continuous migration to multi-cloud environments drives the need for cloud storage solutions.

Based on the region, North America is expected to hold the largest cloud storage market share. This dominance of North America is attributed to the presence of large companies providing innovative solutions. On the other hand, Asia-Pacific is expected to witness the highest growth in the cloud storage market share.

Inquire for Regional Report: https://reports.valuates.com/request/regional/ALLI-Manu-0Q26/_Cloud_Storage_Market

CLOUD STORAGE MARKET SEGMENTATION

Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-0Q26&lic=single-user

Buy Now for Enterprise User: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-0Q26&lic=enterprise-license

SIMILAR REPORTS

The global Consumer Cloud Storage Services market size is projected to reach USD 1870.7 million by 2026, from USD 1712.5 million in 2020

Major factors driving the Consumer Cloud Storage Services Market size are the growth in HD video consumption, affordability of smartphones, and BYOD's increasing trend (bring your device).

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-3D328/consumer-cloud-storage-services

The global Cloud Storage Gateways market size is projected to reach USD 1960.1 million by 2026, from USD 1650.5 million in 2020

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-0U323/cloud-storage-gateways

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-2H362/personal-cloud-storage

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-3U327/multi-cloud-storage

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-26B2362/impact-of-covid-19-outbreak-on-multi-cloud-storage-solutions-global

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-26N3118/global-and-japan-enterprise-cloud-storage

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-13O3450/global-and-china-business-cloud-storage

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-33T1927/global-hybrid-cloud-storage

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-6S2069/global-private-cloud-storage

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs. 

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

 

CONTACT US:
Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call  1-(315)-215-3225
For IST Call  +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com 
Twitter - https://twitter.com/valuatesreports 
Linkedin - https://in.linkedin.com/company/valuatesreports 
Facebook - https://www.facebook.com/valuatesreports 

Logo : https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg

 

Voltar noticias em Inglês