Global Cloud Storage Market Expected to Reach US$ 494.66 Billion by 2030

Emergen Research has published a novel research report titled, “Global Cloud Storage Market Forecast to 2030”. The report sheds light on the current as well as upcoming market trends. The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Cloud Storage Market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation. 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. According to the 2020 Data Attack Surface Report, over 100 zettabytes (a billion terabytes) of data would be stored on the cloud by 2025. In 2021, cloud data centers will process around 94% of all workloads.

Download Sample PDF Copy of this Report to understand structure of the complete report (Including Full TOC, Table & Figures) @ https://www.emergenresearch.com/request-sample/1152

Major Players/Manufacturers profiled in the report are: Google, Amazon Web Services, Inc., IBM, Dell Inc., Microsoft, Hewlett Packard Enterprise Development LP, Oracle, Alibaba Cloud, Dropbox, and Rackspace Technology.

Rapid adoption of work from home trend is increasing utilization of cloud storage, especially since COVID-19 pandemic. Cloud storage offer additional layers of security. Rapid Internet penetration and 5G network services, especially in emerging economies, are driving demand for video streaming and cloud gaming.

However, additional storage capacity comes at a cost, and only a few such services are completely free. Rising security and privacy concerns, as well as need for a reliable Internet connection are factors restraining growth of market to some extent.

Some Key Highlights From the Report

  • The storage segment includes sub-segmented such as file storage, object storage, and block storage. The storage segment accounted for a significantly robust revenue share in 2021 owing to high demand for reliable storage and easy access along with rapidly increasing data volumes across various enterprises and sectors. Rising demand for cloud storage for improved collaboration and productivity for effective management, particularly after COVID-19 pandemic, which has resulted in greater storage capacity for remote workers.
  • Public segment accounted for a significantly large revenue share in 2021. Cost-effectiveness, high reliability, no requirement of maintenance, and unlimited scalability are some of the key factors driving revenue growth of this segment. Public clouds are operated by third-party service providers for licensing storage capacity. Public cloud file services offer easy-to-use repositories of file data for collaboration, sharing, and archiving. On 27 June 2022, Oracle introduced a lower entry point for Oracle Cloud Infrastructure (OCI) Dedicated Region in addition to a preview of Compute Cloud@Customer services. OCI Dedicated Region provides full public cloud to customer data centers with new and smaller footprint at reduced price.
  • Banking, Financial Services and Insurance (BFSI) segment accounted for a significantly large revenue share in 2021. Rapid digitalization and use of e-wallet, netbanking, and digital payments among others are key factors driving revenue growth of the segment owing to high requirement of secure storage models. Rising need for financial institutions to make data-driven decisions to gain a competitive edge requires implementation of smarter business platforms that are flexible, adaptive, and scalable.
  • Cloud storage market in North America accounted for largest revenue share in 2021. Presence of major cloud service providers in addition to increasing number of data centers with rapid adoption of advanced technologies and smart home devices are some of the key factors driving revenue growth of market in region. Moreover, risings use of video streaming services, and digital payments are increasing demand for cloud storage solutions.
  • On 7 June 2022, Backblaze, which is a provider of data backup and cloud storage for businesses and consumer launched a new ‘cloud replication’ service that enables easier storage and synchronization of datasets for enterprises across regions. The launch follows a short beta period, which started in early April. Previously, the company launched B2, which is an object storage service utilized by various business for use cases beyond simple backups; however, Backblaze’s new cloud replication service is expected to provide automatic back up of data, which is already stored in B2.

Want to learn more on the cloud storage market growth? @https://www.emergenresearch.com/industry-report/cloud-storage-market

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
      1. File storage
      2. Object storage
      3. 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

Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert @ https://www.emergenresearch.com/select-license/1152

  • Regional Outlook (Revenue, USD Billion; 2019-2030)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. U.K.
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of MEA

Key Questions Answered in the Report:

What is the growth rate of the Cloud Storage market? What is the anticipated market valuation of Cloud Storage industry by 2030?

What are the key growth driving and restraining factors of the Cloud Storage market?

Who are the prominent players operating in the market? What are the key strategies adopted by these companies?

What are the key opportunities and growth prospects of the Cloud Storage industry over the forecast period?

Which region is expected to show significant growth in the coming years?

Request customization of the report @ https://www.emergenresearch.com/request-for-customization/1152

Thank you for reading our report. Please connect with us to know more about the report or for requesting the customization of the report. Our team will ensure the report is best suited to your requirements.

About Emergen Research 

At Emergen Research, we believe in advancing with technology. We are a growing Marketresearch and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Facebook | LinkedIn | Twitter | Blogs

Explore More Emergen Research Reports @

Big Data Analytics In Manufacturing Market

https://www.emergenresearch.com/industry-report/big-data-analytics-in-manufacturing-market

Radiation Therapy Quality Assurance Phantoms Market

https://www.emergenresearch.com/industry-report/radiation-therapy-quality-assurance-phantoms-market

Ultrasound-Guided Regional Anesthesia Market

https://www.emergenresearch.com/industry-report/ultrasound-guided-regional-anesthesia-market

Smart Kitchen Appliances Market

https://www.emergenresearch.com/industry-report/smart-kitchen-appliances-market

Big Data Analytics In Bfsi Market

https://www.emergenresearch.com/industry-report/big-data-analytics-in-bfsi-market

Blood Pressure Monitoring Devices Market

https://www.emergenresearch.com/industry-report/blood-pressure-monitoring-devices-market

Tactical Data Link Market

https://www.emergenresearch.com/industry-report/tactical-data-link-market

Near-Infrared Imaging Market

https://www.emergenresearch.com/industry-report/near-infrared-imaging-market 

Comments

Post a Comment

Popular posts from this blog

Endoscope Reprocessing Market: A Comprehensive Analysis of the Industry

Image
  The  Global Endoscope Reprocessing Market   research study published by  Emergen Research  is an extensive collection of insightful information about the Endoscope Reprocessing industry. The report covers the Endoscope Reprocessing Market segmentation along with a detailed outline of the Endoscope Reprocessing market size with regards to volume and valuation. The report provides comprehensive coverage of the Endoscope Reprocessing market scenario for the current period and forecast timeline of 2021-2030. The Endoscope Reprocessing market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions. The size of the global endoscope reprocessing market was USD 2.30 billion in 2021, and it is anticipated to grow in value at a CAGR of 9.6%. Major drivers influencing market revenue growth include the rising need for endoscopy for the early identification a...
Read more

The Future of Patient Monitoring Devices: A Market Analysis

Image
  The Global  Patient Monitoring Devices Market  research report added by Emergen Research is an extensive study of the industry and includes a study of several factors that impact the growth of the market. The report is formulated by taking into consideration the government policies, market landscape, technologies, market risks, opportunities, and challenges faced by the market. The report further analyzes historical data, current and future market trends, recent technological developments, key competitors, and regional bifurcation. The latest report is updated with the impact analysis of the current COVID-19 pandemic on the market. The rapidly changing dynamics of the market and current and future growth potential of the market are covered in the report. The report offers crucial information about the initial and future assessment of the impact of the COVID-19 crisis on the overall market. The global patient monitoring devices market size reached USD 47 Billion in 202...
Read more

Minimally Invasive Surgical Systems Market Size, Top Trends in 2020 - Global Industry Revenue, Forecast to 2028

The Global  Minimally Invasive Surgical Systems Market   size is expected to reach USD 41.16 Billion at a steady CAGR of 8.1% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing prevalence of chronic diseases such as cardiovascular diseases and chronic obstructive pulmonary disease. The Minimally Invasive Surgical Systems Market intelligence report further offers hard to find data derived from attractiveness analysis that narrates a lot about the products, regions and applications expected to generate more revenue. The research study sheds light on the key growth opportunities and market trends along with other vital market dynamics, including the drivers and restraints on the industry growth. With this report, the prospective buyers can be sure to become capable of adapting to the changes in the Minimally Invasive Surgical Systems industry. Chronic diseases account for majority of disabilities and deaths glob...
Read more