Cloud Storage Market Analysis by Product, by Distribution Channel, by End User, and Segment Forecasts, 2018 to 2023
The demand for cloud storage is driven by many factors, such as increasing adoption of hybrid cloud storage; growing need for enterprise mobility for improved efficiency; significant growth in Internet of Things (IoT); and need for lower Capital Expenditure (CAPEX) and Operational Expenditure (OPEX). With the availability of cloud storage solutions and services, the need to maintain an on-premises storage infrastructure, such as disk storage and tape devices, has been eliminated.
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