The key drivers for the growth of the cloud storage market are the high demand for hybrid cloud storage and the growing need for business mobility. These problems can hamper the growth of the cloud storage market. . These remote servers are operated, maintained, Healthcare Cloud Computing is a broad, proactive endpoint security solution designed to supplement the existing defenses. The cloud storage market size was valued at $46.12 billion in 2019, and is projected to reach $222.25 billion by 2027, growing at a CAGR of 21.9% from 2020 to 2027. The Configuration market dominated the Cloud Orchestration Market by Solution Type in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 22.9 % during the, Noxum consults on websites in the Microsoft Cloud Cloud websites release companies from the limitations of server hardware. With the rapid growth of protection technologies against malicious attacks, data security is compromised and can cause major losses for the company when critical data is pirated. These remote servers are maintained, operated, and managed by cloud storage service providers. Besides, hybrid cloud storage is expected to contribute significantly to the cloud storage market over the next five years due to its greater flexibility in public and private cloud storage. Cloud storage allows companies to store data on remote servers that can be accessed over the Internet. Cloud storage is allowing enterprises to store information on remote servers which can be accessed using internet. Growing cases of enterprise endpoint targeted attacks and necessity to mitigate it, According to a new report Cloud Orchestration Market (2017-2023), published by KBV Research, the Cloud Orchestration Market is expected to attain a market size of $15.6 billion by 2023, growing at a CAGR of 23.5% during the forecast period. In 2019, they reported an overall growth in the cloud infrastructure market of 42%. The growing demand for cost-effective data protection, storage, and security in all companies and the need to work with the data generated by the increased use of mobile technologies favors acceptance of cloud storage. These cloud storage gateways have gained maximum popularity due to their ease of integration with the existing infrastructure of the company. . The widespread adoption of “the Cloud” is obvious. This stat summarizes the future of the … The segment of the solution is further divided into primary storage, cloud storage gateway, data file, disaster recovery, and backup storage. DUBLIN, June 20, 2019 /PRNewswire/ -- The "Cloud-based Storage: Global Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.. That’s 55 percent greater than Azure. . All rights reserved. The need for a simple implementation of cloud storage systems is another factor that drives the growth of the cloud storage market. Overall, the worldwide server market declined 11.6 percent during the second quarter of 2019 to just over $20 billion. Amazon Web Services (AWS) remained the dominant cloud service provider in Q4 2019, accounting for 32% of total spend. . Key factors supporting the industry's growth include increasing demands for simplified enterprise network architectures, demand for cost-effective WAN management and automation, increased Internet penetration, and adoption of Bring-Your-Own-Device (BYOD) policies at work. Cloud storage is a primary component in cloud computing, catering to the needs of data holding of various applications such as big data analytics, information backup, data archive, Internet of Things (IoT), data warehouse, and many others. The global cloud storage market is estimated to grow with approx. The global connected device analytics market size to grow from USD 14.3 billion in 2020 to USD 40.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 23.0% during the forecast period. The firm’s latest assessment of the worldwide cloud market, this time for Q3 2020, found total spending of $36.5 billion. That’s up a neat $9bn compared to Q3 2019 and $2bn over last quarter’s results and represents collective year-on-year growth of 33 … Published by Arne Holst, Apr 30, 2020 As of 2019, around 48 percent of all corporate data is stored in the cloud. The adoption of premium vehicles with sunroof and rear quarter glass such as sedans and SUVs is increasing. Cloud Storage market research report proves to be very significant in many ways to grow your business.This market report examines the market with respect to general market conditions, market improvement, market scenarios, development, cost and profit of the specified market regions, position and comparative pricing between top players. Market Outlook & Investment Opportunities, Please wait. We are monitoring the impact of COVID-19 on Cloud Storage Market, Get in touch with us for detailed analysis, Cloud Storage Market Size & Growth (2019 - 2024), Small and Medium-sized Enterprises (SMEs), Banking, Financial Services, and Insurance (BFSI), Telecommunications and Information Technology-enabled Services (ITES), Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped, Segment-level analysis in terms of by type,by organization size,along with market size forecasts and estimations to detect key areas of industry growth in detail, Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics, Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis, Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development, A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment, Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies, An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions, Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market, Global Cloud Storage Market By Region, From 2019-2024 ( USD Billion ), Global Cloud Storage Market By Type, From 2019-2024 ( USD Billion ), Global Solutions Market By Region, From 2019-2024 ( USD Billion ), Global Services Market By Region, From 2019-2024 ( USD Billion ), Global Cloud Storage Market By Deployment Model, From 2019-2024 ( USD Billion ), Global Public Cloud Market By Region, From 2019-2024 ( USD Billion ), Global Private Cloud Market By Region, From 2019-2024 ( USD Billion ), Global Hybrid Cloud Market By Region, From 2019-2024 ( USD Billion ), Global Cloud Storage Market By Organization Size, From 2019-2024 ( USD Billion ), Global Large Enterprises Market By Region, From 2019-2024 ( USD Billion ), Global Small Enterprises Market By Region, From 2019-2024 ( USD Billion ), Global Medium-sized Enterprises Market By Region, From 2019-2024 ( USD Billion ). SSD Industry Market Share, 2017 - 2019. The closure is affecting global manufacturing, supply chain, and logistics, and the continuity of operations across various industries is severely affected. For instance, in September 2019, Facilis Technology announced that it had entered into a strategic partnership with Qualstar on Object Cloud storage solution. Cloud Storage Service Market. Also, the hybrid cloud deployment is occupying a continuously increasing share in the cloud market. Amazon boasts an impressive lead over Azure. Cloud storageis a next-generation system that interacts in human language and helps experts to make better decisions by understanding the complexity of unstructured data. The global Multi Cloud Storage market is estimated to be US$ XX.X Mn in 2019 and is projected to increase significantly at a CAGR of x.x% from 2020 to 2028. Here's a look at how the cloud leaders stack up, the hybrid market, and … With the increasing spread of distributed power generation technology and smart grid networks, installers must adhere to effective power supplies leading the flexible AC transmission system market. The connected device analytics market is expected to slow in 2020 due to global lockdown. The chart shows the SSD Market Share across different quarters between 2017 and 2019. The global next-generation data storage market size was valued at USD 53.1 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 12.5% from 2019 to 2025. 1.4 Base Currency, Base Year and Forecast Periods, 6.1.3 Market Size Estimations & Forecasts (2019-2024), 6.2 Cloud Storage Market, By Deployment Model, 6.2.4 Market Size Estimations & Forecasts (2019-2024), 6.3 Cloud Storage Market, By Organization Size, 6.3.4 Market Size Estimations & Forecasts (2019-2024), 7.1 Global Identity Governance and Administration Market, by Region, 7.2 North America - Market Analysis (2019 - 2024), 9. Taking a detailed look at the segments making up the cloud market, public cloud solutions make up the majority. © 2004 - 2020 openPR. AWS Cloud Market Share: 31%. , The growing use of Internet of Things, Flexible AC Transmission Systems Market Size, Industry Trends, Share and Forecas …, Flexible AC Transmission Systems Market in 2018 surpassed an annual deployment of 11’000 MVAr and is anticipated achieve over 8% CAGR up to 2025. The cloud storage market size is valued at $46.25 billion in 2019 and is expected to reach $222.5 billion by 2027, with a CAGR of 21% from 2020 to 2025. Portland, June 19, 2019 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global cloud storage market was estimated at $21.1 7 … . Cloud storage is a virtual data storage mode. Cloud data centers will process 94% of workloads in 2021. London, 17 October 2011. The cloud storage market is expected to grow from USD 32.72 billion in 2019 to USD 106.71 billion by 2024, with an average annual growth rate (CAGR) of 23.76% over the forecast period. Connected Device Analytics Market Growth, Size, Share, Industry Report and Forec …. Strong performance by the market's pure-play vendors was a key contributing factor as they continue to … Enterprises, publishers and online merchants, Agilisys Cloud Services Simplifies Cloud Infrastructure (IaaS), David Cotterell appointed Managing Director to spearhead private sector growth for Agilisys Increased website traffic or massive traffic surges means “heavy labor” behind the web interface. The worldwide cloud infrastructure services market reached a record high in Q4 2019, as spending grew 37% to over US$30 billion. Asia Pacific is expected to be the fastest-growing regional segment with the most substantial CAGR in the near future. The server market in 2019 is in a state of transition as new workloads and use-cases push vendors and their technology into different directions. Cloud storage gives additional, Global Cloud Storage Market – Industry Analysis and Forecast (2017-2026) – by Type, Deployment Model, Organization Size, Vertical, and Geography. It is a cyber-security technology that informs the need for constant monitoring and response to advanced threats. Google Cloud continues market share battle via changes in sales team's pay. Cloud storage allows companies to store data on remote servers that can be located over the Internet. According to our post-COVID projections, the market is expected to reach $1 billion in 2020 and $1.7 billion by 2025. It’s a transition that is also leading the global server market to new growth, as both enterprises and cloud vendors continue to acquire new hardware. Clearly, the SSD is the dominant […] This is expected to fuel the demand for cloud storage over the forecast period. Agilisys, one of the UK’s most innovative IT and business services providers, has expanded its cloud services offering by launching Agilisys Cloud Services, a managed IaaS (Infrastructure as a Service) providing a suite of scalable, modular and customisable cloud services including infrastructure, co-location and hosting solutions, along with associated consultancy services, in Agilisys’ dedicated, highly. AWS holds 31% of the cloud market share. The use of cloud storage is likely to increase due to faster deployment, scalability, and flexibility. In its most recent earnings statement for Q3 of 2019, AWS reported revenues of $9 billion. Würzburg - The Noxum GmbH, service and software provider for Cloud solutions, supports companies operating their websites in the Windows Azure Cloud. Public Cloud Market Share In terms of revenue, Amazon Web Services dominates the public cloud market with revenue growing at 35% in Q3 of 2019. Cloud Storage Market Research Report - Segmented B . This report covers COVID-19 impact analysis on Cloud Storage Market These remote servers are maintained, operated, and managed by cloud storage service providers. Your request is being processed. With increasing reliance on manufactured products, large suburban migrations have focused on the expansion of residential, commercial and industrial-based electrical, Cloud storage is a complete solution package, which includes software and services to manage, maintain, and store data in a virtual environment. Although it will continue to account for the majority of spending on cloud IT environments, its share will decrease from 69.1% in 2018 to 66.5% in 2019. The global multi cloud storage market is segmented on the basis of type, application, and geography. The growing demand for cost-effective data storage, data protection, and data protection is driving the growth of the cloud storage market in multiple user groups, including small, medium, and large enterprises. This report focuses on the global Cloud Storage status, future forecast, growth opportuni Cloud compliance requirements; Reduced CAPEX and OPEX; the application of mobility; and continuous business continuity. Along with qualitative information, this report include the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market … Cloud Storage Market Size & Growth (2019 - 2024) The cloud storage market is expected to grow from USD 32.72 billion in 2019 to USD 106.71 billion by 2024, with an average annual growth rate (CAGR) of 23.76% over the forecast period. The report includes different market forecasts related to market size, production, revenue, consumption, CAGR, gross margin, price, and … It is estimated that by 2022, more than 72% of global organizations will migrate from local data centers to the cloud, which will increase the increase in cloud storage. In 2018, the global Consumer Cloud Storage Services market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025. This aligns closely with the RightScale 2019 State of Cloud report. The leading providers of cloud storage include AWS (USA), IBM (USA), Microsoft (USA), Google (USA), Oracle (USA), HPE (US), Dell EMC (US), VMware (US), Rackspace (USA) and Dropbox (US). 3. These data centers are maintained at distant places and are connected through networks, which enable the users to access information using the Internet. There is a lot of noise around “100% cloud” strategies, yet Enterprise IT spending on cloud is just 19% in 2018 and forecasted to grow to 28% in 2022, according to Gartner. Multi Cloud Storage Market Scope: NetApp and Dell continue to hold market share in the NAS market Despite the many entrants that are trying to break through into the NAS arena, whether they be software-defined, full stack platforms or a cloud-based solution, we continue to see market domination by NetApp in EMC/Dell in the file based storage market. The public cloud services market in India has experienced phenomenal growth in the last two years. It helps both large and small & medium enterprises to store and access relevant information from data center through the Internet. This report focuses on the global Consumer Cloud Storage Services status, future forecast, growth opportunity, key market … Global Cloud storage market - offers growth, outlook, trends, shares, Industry Analysis, opportunities, Key Players Forecast 2019 to 2025 +1-408-963-0099 , +1-408-915-0989 email@example.com Microsoft Azure increased its share to 18% from 15% in the same period in 2018. Other limiting factors in the cloud storage market would be regulatory compliance and the lack of a large bandwidth for data transmission. The cloud computing race in 2019 will have a definite multi-cloud spin. Now, that being said, hybrid cloud architectures together with hybrid cloud storage will pick up the pace … Enormous server capacities are needed to compensate for fluctuation and temporary peaks. . Your Details are Submited Successfully...!! When it comes to IaaS, Amazon Web Services leads the pack. Automotive Glazing Market Size, Industry Trends, Share and Forecast 2019-2025, The global automotive glazing market size is expected to grow at a CAGR of 9% on a value basis over the forecast period. Dropbox’s share of the global cloud storage market has fallen from 4.4% in 2017 to 3.6% in 2019 as more competitors enter the space and existing competition ramped up storage options. But when it comes to introducing cloud storage, companies face a series of barriers, since not all business services are compatible with the cloud, and are due to strict government regulations and fear of supplier coverage. The report on Global Cloud Storage Software Market offers in-depth analysis on market trends, drivers, restraints, opportunities etc. In 2018, the global Cloud Storage market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2019-2025. By Ryan Fernandez – Associate editor, Silicon Valley Business Journal . "The worldwide storage software market performed well in 2019, growing at a rate of 4.6%. . https://www.orionmarketreports.com/cloud-storage-market/32565/, https://www.orionmarketreports.com/cloud-storage-market/32565/#ert_pane1-1, https://www.orionmarketreports.com/cloud-storage-market/32565/#ert_pane1-2, Frank Obels, CEO, INCONET - Informationssysteme, Communication und Netzwerkberatung GmbH, Advertising, Media Consulting, Marketing Research, Business, Economy, Finances, Banking & Insurance, Pressemitteilung kostenlos veröffentlichen. New study on Industrial Growth of Cloud Storage Service Market 2019-2024: This is an excellent research study specially compiled to provide latest insights into critical aspects of the Cloud Storage Service market. Global Cloud Storage Market was valued US$ 35.1 Bn in 2017 and is expected to reach US$ 197.4 Bn by 2026, at a CAGR of 25.99% during forecast period. 20.31% CAGR during the year 2019-2027. After a strong performance in 2018, IDC expects the public cloud IT infrastructure segment to cool down in 2019 with vendor revenue dropping to $44.5 billion, a 2.2% decrease from 2018. The data stored in the cloud can be accessed through the Internet through devices. The data stored in the cloud can be accessed through the Internet through devices. The global cloud storage market size stood at USD 49.13 billion in 2019 and is projected to reach USD 297.54 billion by 2027, exhibiting a CAGR of 25.3% during the forecast period. This advanced system measure shifts of security from a reactive threat approach to one that can detect and prevent threats before they even reach the organization. Complex glazing designs and increasing demand for lightweight vehicles, Software Defined Wide Area Network (SDWAN) Market Size, Industry Trends, Share a …, The global SD-WAN market size was $1.4 billion in 2019 and is expected to reach $43 billion in 2030, representing a CAGR of 38.6% over the forecast period (2020-2030). As of October 2020, Canalys reports that the worldwide cloud market grew 33% this quarter to $36.5 billion. © 2019 Market Data Forecast All Rights Reserved. Data security is a major limitation in cloud storage. AWS recently reported its Q2 2020 earnings, and the numbers were staggering. This global market research report is segmented and sub-segmented as follows: The Asia-Pacific region is expected to grow faster due to developments in India and China. Cloud storage is a virtual data storage mode. This includes SaaS offerings too and even in 3 to 4 years, less than a third of the money spent will be in the Cloud. According to which, 91% of businesses reported using a public cloud service, 72% opting for a private cloud solution, and 69% selecting a hybrid solution. Worldwide cloud infrastructure spending and annual growth Canalys estimates, full-year 2019 Cloud service provider Full-year 2019 (US$ billion) Full-year 2019 market share Full-year 2018 (US$ billion) Full-year 2018 market share Annual growth AWS 34.6 32.3% 25.4 32.7% 36.0% Microsoft Azure 18.1 16.9% 11.0 14.2% 63.9% By provider, AWS had the biggest sales gain with a $2.3 billion YOY increase, but Canalys reported Azure and Google Cloud with bigger percentage increases.