Browse 237 market data Tables and 49 Figures spread through 240 Pages and in-depth TOC on “Cloud Storage Market – Global Forecast to 2025”
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The solutions segment to hold a larger market size during the forecast period
The solutions segment is projected to contribute majorly to the market among the components, while the services segment is projected to witness a higher growth rate during the forecast period. This growth is supported by the rising transition of enterprises from on-premise hardware based storage to cloud environments for 24X7 access, cost efficiency, and scalability along with the rising demand for data backup and disaster recovery solutions.
File storage segment to hold the largest market size in 2020
The growth of file storage segment is mainly attributed to the growing focus of organizations to achieve better collaboration and productivity whilst managing and storing their day-to-day data for anytime, anywhere access. File storage solutions are best-suited for user home directories, application development, and media storage, which makes it an efficient solution for archiving and primary storage.
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North America to hold the largest market size during the forecast period
The North American cloud storage market is already mature for cloud storage solutions. Currently, the United States (US) holds the highest share in the cloud storage market country is home to well-established suppliers as well as end-user industries that continuously adapt to newer technologies for improved business productivity and work efficiency. Companies in the US are adopting cloud storage solutions to reap the benefits, such as high flexibility and scalability and negligible maintenance costs. The US is also home to several small as well as large cloud storage solution providers, such as AWS, Microsoft, Google, HPE, Dell Technologies, Oracle, and IBM, which is among the key driving factors for the growth of the cloud storage market in the country.
Market players profiled in this report include AWS (US), Google (US), Microsoft (US), IBM (US), Huawei (China), Alibaba Cloud (China), Oracle (US), Rackspace Technology (US), HPE (US), Dell Technologies (US), Dropbox (US), Box (US), Tencent Cloud (China), Fujitsu (Japan), VMware (US), NetApp (US), Hitachi Vantara (US), Scality (US), Citrix (US), UpCloud (Finland), DigitalOcean (US), Vultr (US), MinIO (US), Zadara (US), pCloud (Switzerland), Wasabi (US), Sync (Canada), and Degoo (Sweden). These players offer various cloud storage solutions to cater to the demands and needs of the market. Major growth strategies are adopted by the players including partnerships, collaborations and agreements, and new product launches/product enhancements.
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