The Global Cloud storage Market research study published by Emergen Research is an extensive collection of insightful information about the Cloud storage Market industry. The report provides comprehensive coverage of the Cloud storage Market scenario for the current period and forecast timeline of 2020- 2032 . The key growth trends and opportunities are offered through a thorough investigation and examination of the market. A detailed course of development is offered in the report along with insights into businesses connected with it, which include firms, industries, organizations, vendors, and local manufacturers.
The global cloud storage market size reached USD 70.35 Billion in 2021 and is expected to register a revenue CAGR of 24.3% during the forecast period, according to latest analysis by Emergen Research. Rising demand for quick access to data for remote workforce efficiency and rapid adoption of digitalization are key factors driving market revenue growth. Cloud storage enables effective outsourcing storage needs to business owing to reduction of expenses of internal resources, servers, and hard drives. Moreover, automatic synchronization and easy accessibility are other key factors driving demand for cloud storage solutions. Rising demand for cloud storage solutions is also leading to effective data and file management including ease of sharing and collaboration, backup provision, and the capacity to store data for extended durations. Faster build and flexible deployments in addition to easy recovery in the event of hard drive failure or any malfunction are key factors driving revenue growth of the market.
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Covid 19 impact analysis:
The Global Cloud Storage Market report presents comprehensive information covering insightful data for businesses and investors for the time period of 2020-2027. The report studies the historical data of the Cloud Storage market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Cloud Storage industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Cloud Storage market.
Major companies profiled in the market report include
Google, Amazon Web Services, Inc., IBM, Dell Inc., Microsoft, Hewlett Packard Enterprise Development LP, Oracle, Alibaba Cloud, Dropbox, and Rackspace Technology..
Research objectives:
The study on the Global Cloud Storage Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Cloud Storage market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Cloud Storage industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Cloud Storage industry.
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Emergen Research has segmented global cloud storage market on the basis of component, deployment type, industry, and region:
· Component Outlook (Revenue, USD Billion; 2019-2030)
- Storage
- File storage
- Object storage
- Block storage
- Services
· Deployment Type Outlook (Revenue, USD Billion; 2019-2030)
- Hybrid
- Private
- Public
· Industry Outlook (Revenue, USD Billion; 2019-2030)
- Banking, Financial Services and Insurance (BFSI)
- Government
- Retail
- IT Telecommunications
- Manufacturing
- Healthcare
- Others
Regional Outlook:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Global Cloud Storage Market Report:
- Analysis and estimation of the Cloud Storage market size and share for the projected period of 2020-2027
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Cloud Storage market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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