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Cloud Storage Market to Exhibit 6.3% CAGR by 2027 Backed by Increasing Focus on Power Generation in APAC Region, says Fortune Business Insights™

Pune, India, Feb. 19, 2021 (GLOBE NEWSWIRE) -- The global cloud storage market is set to gain traction from the rising adoption of autonomous systems and machine learning. Besides, the introduction to unique video systems, internet of things (IoT), and remote sensing technologies are driving the market growth. This information is provided by Fortune Business Insights™ in a recent study, titled, “Cloud Storage Market size, Share & Industry Analysis, By Component (Storage Model, and Services), By Deployment (Private, Public, and Hybrid), By Enterprise Size (SMEs, and Large Enterprises), By Vertical (BFSI, IT and Telecommunication, Government and Public Sector, Manufacturing, Healthcare and Life Sciences, Retail and Consumer Goods, Media and Entertainment, and Others), and Regional Forecast, 2021-2028.” The study further mentions that the cloud storage market size was USD 49.13 billion in 2021 and is projected to reach USD 297.54 billion by 2028, exhibiting a CAGR of 25.3% during the forecast period.

Click here to get the short-term and long-term impact of COVID-19 on this Electrolyzer Market.


Please visit: https://www.fortunebusinessinsights.com/cloud-storage-market-102773#


Fortune Business Insights™ presents a list of all the companies operating in the global market. They are as follows:

  • Alibaba Cloud (China)
  • Amazon Web Services, Inc. (United States)
  • Dell Technologies Inc. (United States)
  • Dropbox (United States)
  • Fujitsu Ltd, Inc. (Japan)
  • Google, Inc. (United States)
  • Hewlett Packard Enterprise Development LP (United States)
  • IBM Corporation (United States)
  • Microsoft Corporation (United States)
  • Oracle (United States)
  • pCloud AG (Switzerland)
  • Rackspace, Inc. (United States)
  • VMware, Inc. (United States)

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.


Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cloud-storage-market-102773


Regional Analysis-

North America to Remain Dominant Owing to Rising Adoption of Various Digital Services

Regionally, the market is divided into Latin America, Europe, Asia Pacific, the Middle East and Africa, and North America. Amongst these, North America procured USD 19.85 billion revenue in 2021 and is set to dominate the market. This growth is attributable to the rising adoption of several digital services, such as electronic signatures and e-commerce in the U.S. Also, the increasing rate of cybercrime would contribute to the growth. However, the outbreak of the Covid-19 pandemic is expected to obstruct growth by affecting the technological investments of industry giants. Asia Pacific, on the other hand, is projected to exhibit astonishing growth during the forecast period backed by the increasing usage of smartphones.

Drivers & Restraints-

Covid-19 Pandemic to Boost Growth Backed by Rising Usage of Cloud Storage Solutions

Cloud storage solutions are gaining more popularity at present as workforces are inclining towards a distributed work environment. These solutions aid workforces in collaborating and staying connected. The outbreak of Covid-19 pandemic is enabling several organizations to support remote working, as well as manage the vast amount of data smoothly. Microsoft, for instance, has surged the benefits of Windows and extended Azure cloud credits for non-profit and critical care organizations, such as food & nutrition, public safety, and health support. In addition to that, the utilization of analytics-driven platforms is helping companies in the generating a large amount of data. They are therefore, preferring hybrid cloud storage solutions more than the conventional ones. However, the occurrence of data breaches may hamper the cloud storage market growth in the coming years.


Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/cloud-storage-market-102773


Segment-

BFSI Segment to Grow Steadily Fueled by Need for Improving Consumer Experience

Based on vertical, the banking, financial services and insurance (BFSI) segment generated 22.4% cloud storage market share in 2021. The industry deals with large volumes of customer data on regular bases. It delivers efficient services to the customers. To serve them better, they require cloud storage technology as it poses as a transformative digital solution. This solution provides a high level of scalability, agility, and data security to the industry. Cloud storage systems not only improve consumer experience and revenues, but also enhance the operational efficiency. These factors are set to drive the growth of the BFSI segment in the near future.

Competitive Landscape-

Key Companies Focus on Expanding Product Offerings to Surge Revenue

Microsoft, IBM, and Amazon are some of the top companies operating in the global market. They are striving to widen their product offerings by keeping up with the latest trends. They will also be able to surge their revenue this way. Below are two of the latest industry developments:

  • February 2021: Amazon Web Services, Inc. was chosen by Carrier to be its preferred cloud provider. Carrier will utilize AWS machine learning, analytics, and warehouse services to point out efficiencies in its supply chains and manufacturing processes. It would also use the latter’s IoT services to support a new range of networked, intelligent products and services for the refrigerated, workplace, and home logistics chain.
  • January 2021: Dell Technologies unveiled various new portfolio advancements, reference architectures, and solutions designed to accelerate and simplify the consumers’ AI and high performance computing (HPC) efforts.


Quick Buy - Cloud Storage Market: https://www.fortunebusinessinsights.com/checkout-page/102773


Table of Content

  • Introduction
    • Definition, By Segment
    • Research Approach
    • Sources
  • Executive Summary
  • Market Dynamics
    • Drivers, Restraints and Opportunities
    • Emerging Trends
  • Key Insights
    • Macro and Micro Economic Indicators
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Forces Analysis
    • COVID-19 Impact Analysis
  • Global Cloud Storage Market Analysis, Insights and Forecast, 2016-2028
    • Key Findings / Summary
    • Market Size Estimates and Forecasts
      • By Component (Value)
        • Storage Model
          • Object Storage
          • File Storage
          • Block Storage
        • Services
          • Professional services
          • Managed Services
      • By Deployment (Value)
        • Public
        • Private
        • Hybrid
      • By Enterprise Size (Value)
        • Small and Mid-sized Enterprises (SMEs)
        • Large Enterprises
      • By Vertical (Value)
        • BFSI
        • IT and Telecommunication
        • Government and Public Sector
        • Manufacturing
        • Healthcare and Life Science
        • Retail and Consumer Goods
        • Media and Entertainment
        • Others
      • By Geography (Value)
        • North America
        • Europe
        • Asia Pacific
        • Middle East and Africa
        • Latin America

TOC Continued…!

Speak To Our Analyst- https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/cloud-storage-market-102773 

Have a Look at Related Research Insights:

Big Data Technology Market Size, Share & COVID-19 Impact Analysis, By Offering (Solution and Services), By Deployment (On-premise, Cloud-based, and Hybrid), By Application (Customer Analytics, Operational Analytics, Fraud Detection and Compliance, Enterprise Data Warehouse Optimization, and Others), By End-Use Industry (BFSI, Retail, Manufacturing, IT and Telecom, Government, Healthcare, Utility, and Others), and Regional Forecast, 2020-2027

Cyber Security Market Size, Share & Industry Analysis, By Solution (Network Security, Cloud Application Security, End-point Security, Secure Web Gateway, Internet Security), By Deployment Type (Cloud and On Premise), By Enterprise Size (Small & Medium Enterprise and Large Enterprise), By End-Use (BFSI, IT and Telecommunications, Retail, Healthcare, Government, Manufacturing) and Region Forecast, 2020-2027

Cloud Analytics Market Size, Share & Industry Analysis, By Deployment Type (Public Cloud, Private Cloud, and Hybrid Cloud), By Organization Size (Small And Medium-Sized Enterprises (SMEs) and Large Enterprises), By End-User (BFSI, IT and Telecommunications, Retail and Consumer Goods, Healthcare and Life Sciences, Manufacturing, Education, and Others) and Regional Forecast, 2019-2026

Cloud Gaming Market Size, Share & Industry Analysis, By Device (Smartphone, Laptop/Tablets, Personal Computer (PC), Smart TV and Consoles), By Streaming Type (File Streaming and Video Streaming), By End-Users (Business to Business (B2B) and Business to Consumers (B2C)), and Regional Forecast, 2020-2027

Cloud Security Market Size, Share & COVID-19 Impact Analysis, By Application (Identity and Access Management, Email and Web Security, Data Encryption and Prevention), By Security Type (Workload Security, Network Security, Platform Security), By Enterprise (Large Enterprises, SMEs), By Deployment (Public, Hybrid, Private), By End-User (IT and Telecom, BFSI, Healthcare and Life Sciences, Manufacturing), and Regional Forecast, 2020-2027

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
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Read Press Release https://www.fortunebusinessinsights.com/press-release/cloud-storage-market-9909 


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