Deerfield Beach, FL -- (SBWIRE) -- 12/11/2015 -- The Global Cloud Storage market is projected treach $112.73 billion by 2022 growing at a CAGR of 28.9% during the forecast period 2014 t2022. Some of the key drivers for the market growth include growing need for big data storage and escalating adoption of cloud storage gateways. However, security and regulatory remains the prime barrier for cloud implementation across verticals such as government and financial services, while loss of apparent control over IT assets and substantial legacy systems are alsfaltering blocks for using cloud.

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In most regions, growth in public cloud IT infrastructure spending will surpass the spending on private cloud IT infrastructure. The growth is attributed tincreasing investments in extension of their datacenters and service offerings. Top five industries such as discrete manufacturing, banking, professional services, process manufacturing, and retail accounts for more than 40% of the total market expenditure. The technological developments and enabling capabilities discharged by cloud have nurtured novel opportunities across the industries.

The key players in the global Cloud Storage market are Google, Microsoft Corporation, Hewlett-Packard Company, At&T, Inc., Fujitsu Ltd., Amazon Web Services, Inc., IBM, VMWare, Inc., Rackspace Hosting, Inc. and Box, Inc.

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Types Covered:

Solution
Primary Storage Solution
Cloud Storage Gateway Solution
Data Movement and Access Solution
Backup Storage Solution
Service
Training, Education and Support
Consulting Services
Networking Integration and System

Deployment Covered:

Private Cloud
Public Cloud
Hybrid Cloud

Applications Covered:

IT and Telecommunications
Research and Education
Entertainment and Media
Manufacturing
Healthcare
Government
Energy and Utilities
Retail
Banking, Financial Services, and Insurance
Others

End User's Covered:

Small and Medium Business
Large Enterprises

Regions Covered:

North America
US
Canada
Europe
Germany
France
Italy
UK
Spain
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia
Rest of the World
Latin America
Middle East
Africa
Others