Global cloud storage market is expected to register a CAGR of 29% from 2017 to 2025.
Portland, OR -- (SBWIRE) -- 06/13/2018 -- Cloud storage is a model in which storage of digital data is done in logical pools, and the physical storage is done on multiple servers. The physical servers are usually owned and managed by a company that hosts cloud storage services. The storage solutions have gained momentum as tech giants including IBM, Amazon, and others have been providing advanced solutions for cost-effective data storage. Cloud storage services are accessible through a web service API, a co-located cloud computer service, or the applications that utilize API, such as web-based content management systems.
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Market Drivers and Restraints:
Rise in adoption rate of hybrid cloud storage, increase in need for enterprise mobility, and ease in deployment of cloud solutions have driven growth in the global cloud storage market. On the other hand, lack of availability of high network bandwidth in abundance and strict government regulations have limited growth in the industry.
By Deployment Model
Disaster recovery & backup storage
Cloud storage gateway
Training & consulting
Cloud integration & mitigation
Support & maintenance
By Industry Vertical
Retail & consumer goods
IT & telecom
Others (Manufacturing, Media & entertainment)
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
Key Market Players:
Key players operating in the global cloud storage market are discussed in the research to assist leading market players and new entrants gain understanding of market competition along with steps to be implemented to gain leadership status. Industry players analyzed in the research include Amazon Web Services, Microsoft Corporation, IBM Corporation, Hewlett Packard Enterprise Company, VMWare, Inc., Oracle Corporation, Google, Inc., Rackspace Hosting, Inc., EMC Corporation, and Dropbox, Inc. They have implemented various strategies such as collaborations, mergers & acquisitions, partnerships, expansions, joint ventures, and others to consolidate their position in the global industry.
Key Takeaways from the Report:
The study provides an in-depth analysis of the global cloud storage market based on changing market trends and estimations for the forecast period.
The research provides detailed information on changing market trends to help industry players determine current scenario and investment feasibility.
The report offers detailed analysis of drivers, restraints, and opportunities along with their impact on the global market.
The research on the global cloud storage market provides extensive analysis and statistics for the historic and forecast periods along with strategies to be adopted to gain strong position in the global industry.
Trends in the global cloud storage market are discussed for the period, 2014-2025, along with financial scenario of the industry.
Porter's Five Forces analysis provides insights on competition level of the industry and outlines potency of buyers and suppliers.