Global Cloud Storage Market, By Type (Object Storage, File Storage, Block Storage) Component Type (Solutions, Services), Deployment (Private Public, and Hybrid), Enterprise Services (SMEs, Large Enterprises), Application (Front End, Back End), End User (BFSI, Retail and Consumer Goods, Healthcare and life sciences, Media and Entertainment, IT and Telecommunication, Manufacturing, Government and public sector, Energy and Utilities, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Cloud Storage Market
Cloud storage market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to rise up to the USD 1943.6 million by 2029 and to grow at a CAGR of 24.41% in the above-mentioned forecast period.
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The factors such accelerating amount of IT and software companies, generation of mounting volume of data, and benefits of portability storage and access from network compatible area are expected to emerge as the significant factors accelerating the growth of cloud storage market in the forecast period of 2022 to 2029. In addition to this, the accelerated enactment of hybrid form of cloud storage, notable germination in the internet of things (IOT), rising adoption of artificial intelligence and video analytics to accelerate growth and swelling demand for company versatility to improve performance is helping the business to progress will further aggravate the growth of the cloud storage market in the above-mentioned forecast period. However, the dearth of the interface bandwidth are projected to result as a growth restraint for the market which will further hamper the market’s overall growth.
Furthermore, tackle the situation of hindrances escalating the requirement for technologically high-level storage solutions are also anticipated to generate lucrative opportunities for the cloud storage market in the forecast period of 2022 to 2029. The suspicion of merchant lock-in and systems’ opposition to fostering advanced technologies will pose as a challenge for the cloud storage market.
This cloud storage market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on cloud storage market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cloud Storage Market Scope and Market Size
The cloud storage market is segmented on the basis of type, component, deployment, application, user type and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the cloud storage market is segmented into object storage, file storage, and block storage.
- On the basis of component type, the cloud storage market is Solutions, and Services. Solutions section of the market is further divided into primary storage, disaster recovery and backup, cloud storage gateway, and data archiving. Services section is further sub segmented into training and consulting, integration and migration, support and maintenance, and managed services.
- On the basis of deployment, the cloud storage market is fragmented into private, public, and hybrid.
- On the basis of user type, the cloud storage market is segmented into large, medium and small enterprises.
- On the basis of application, the cloud storage market is bifurcated into front end, and back end.
- On the basis of end user, the cloud storage market is segregated into BFSI, retail and consumer goods, healthcare and life sciences, media and entertainment, IT and telecommunication, manufacturing, government and public sector, energy and utilities, and others. Others is further sub segmented into travel and hospitality and transportation and logistics.
Cloud Storage Market Country Level Analysis
The cloud storage market is analyzed and market size, volume information is provided by type, component, deployment, application, user type and end user as referenced above.
The countries covered in the cloud storage market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the cloud storage market during the forecast period owing to the numerous constituents, such as measures, management, exceptional Information Technology (IT) support, the proximity of a vast quantity of companies, and the availability of skilled professional expertise in the forecast period of 2022 to 2029. Asia-Pacific, on the other hand, is expected to show a lucrative growth as it is one of the rapidly growing markets of cloud storage systems and various other factors.
The country section of the cloud storage market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cloud Storage Market Share Analysis
The cloud storage market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Cloud storage market.
Some of the major players operating in the cloud storage market report are Amazon Web Services, Inc., Microsoft, IBM, Oracle, MongoDB, Inc., Rohde & Schwarz, Hewlett-Packard, Dell, Atlantic.Net, VMware, Cisco Systems, Inc., Data direct Networks, Swisslog Holding AG, Mecalux, S.A., KNAPP AG, Dematic, BEUMER GROUP, Bastian Solutions, Inc., TGW Logistics Group, Fritz SchAfer GmbH, Kardex Group, Daifuku Co., Ltd, Nilkamal and Murata Machinery, Ltd., and Verizon Terremark among others.