Personal Cloud Storage Market World Growth And Industry MRFR Trending Report Margins, CAGR And USD according to Emerge Research Report Forecast By 2030
Market Scenario:
Cloud
storage has been efficient for storing data, especially in remote servers.
Industries that produce large amounts of data prefer using cloud storage to
provide core security. Companies can easily access the data from the internet.
Cloud storage is proven to manage remote servers, including their operation and
maintenance. Due to its huge usage, the Cloud Storage Market is expecting good
growth value.
The
market is showing its excellent growth speed due to the driving force. The
higher need for mobility is accelerating the demand of the Personal
Cloud Storage Market. The global demand is increasing
diversely in prominent regions. The industrial verticals are utilizing cloud
storage systems for storing large amounts of data. The growth of industry
verticals such as the IT sector is highly driving the market.
Implementation
of cloud storage systems is easy and quite convenient, which raises the demand
for cloud storage facilities. The prime activities of the industries to access
data through different devices and share them on various platforms are
increasing the adoption of cloud storage systems. These factors are highly
enhancing the opportunities of the Cloud Storage Market.
During
the pandemic period, the Cloud Storage Market has noticed a steady growth rate.
Due to the lockdown, people preferred to stay at home and work remotely. The
data consumption and the requirement for data storage were highly propelled
during this period. Most industries prefer to use cloud storage systems for
securely storing data. These factors have accelerated the market’s growth rate.
The pandemic period has brought up good growth opportunities for the market. It
is estimated to continue its growth performance consistent in the post-pandemic
period.
During
the forecast period, the Cloud Storage Market is expected to reach a valuation
of USD 104 billion and a CAGR of 25 % from 2023 to 2027.
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Competitive
Outlook:
Amazon,
Apple, Sygarsync., Google, Seagate, Box, Microsoft, Dropbox, Engyte,
ElephantDrive, Buffalo Technology, Lima Technology, Gemalto, MEGA Ltd., D-Link
Corporation, Mozy Inc., POLKAST LLC, and Dell.
Segmentation:
The
Cloud Storage Market is segmented into major segments such as the components,
verticals and deployment methods.
The
component segment of the market is fragmented into solutions and services. The
solution segment has data archiving, cloud storage gateway, backup storage,
disaster recovery, and primary storage. While the service segment is subdivided
into support and maintenance, training and consulting, migration and cloud
integration, and managed services.
The
vertical segment of the market involves industrial verticals such as travel and
hospitality, education, BFSI, healthcare industry, e-commerce and retail, IT
and telecommunication, government, and others. The cloud deployment model
consists of private cloud, hybrid cloud, and public cloud.
Regional
Analysis:
According
to the geographical report, the Cloud Storage Market covers major regions such
as the North American region, Europe, Asia Pacific and the rest of the
world.
The
North American region occupies the largest market share due to the higher
investment in cloud-based solutions. The increased rate of adoption of advanced
technologies is accelerating the market.
The
Asia Pacific region will also show a good growth rate in the forecast period
due to its consistent growth performance and the wide usage of cloud storage
systems in various sectors.
Industry News
Google
has announced the launch of BigLake, and it is a new and advanced data lake
storage engine. It makes it easier for enterprises to analyze the data in data
warehouses and data lakes.
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Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued…
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