Growth rate estimates for all product types over the forecast duration. What are the trending factors influencing the market shares? This report covers COVID-19 impact analysis on Cloud Storage Market For instance, in February 2018, Google opened its first  Google Cloud Platform (GCP) region in Canada, with reduced prices for Google Cloud Storage infrequent access and cold storage classes, as well as its Nearline Storage features, for users in the region. It offers massive data about trending factors that will influence the progress of the Global Consumer Cloud Storage Services Market. 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. North America is expected to hold a significant share owing to early adoption of new technologies,  huge investments in R&D for the cloud-based solutions, and enhanced IT infrastructure. is a hub for market intelligence products and services. Software as a Service (SaaS) segment dominated the cloud computing market with a share of over 54% in 2019 owing to its flexible costs, easy maintenance, and deployment. Consumer Cloud Storage Services Market Overview, Global Consumer Cloud Storage Services Production, Revenue, Price Trend by Type, Global Consumer Cloud Storage Services Market Analysis by Applications, Company Profiles and Key Figures in Consumer Cloud Storage Services Business, Consumer Cloud Storage Services Manufacturing Cost Analysis, Marketing Channel, Distributors, and Customers, Global Consumer Cloud Storage Services Market Forecast. [240 Pages Report] The global cloud storage market size is projected to grow from USD 50.1 billion in 2020 to USD 137.3 billion by 2025, at a Compound Annual Growth Rate … Some of the prominent players in the market through strategic partnerships, mergers & acquisitions, research & developments have been able to further the technology. This statistic shows the market share of the leading cloud infrastructure service providers from 2017 to 2020. The increasing automation in the fields of aerospace and defense coupled with the necessity to improve storing and sharing data on operations and soldiers over the army cloud is expected to drive the market over the forecast period. One of the highest-growth secular tech trends of the 2020s will be cloud computing. © 2020. Regional segmentation: North America, Europe, Asia-Pacific, South America, Middle East & Africa, South East Asia. Additionally, the impact of the COVID-19 pandemic at the global and regional level has been outlined in the report. As Financial services organizations worldwide in order to store and retain large volumes of communications are under increasing pressure from MiFID II, MAR, Dodd-Frank and FX Code of Conduct as regulations mandate recording of greater numbers of regulated users, asset classes, channels & devices. Projected growth rate of the industry over the analysis timeline, backed with a comparative study of the historical data and current market scenario is included. It helps in understanding the major key product segments. 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. What are the key outcomes of Porter’s five forces model? A recent market research report added to repository of Credible Markets is an in-depth analysis of “Global Cloud Storage Services Market… 4.2 Introduction to Market Drivers and Restraints, 4.3.1 Increase in Cloud Adoption Across Organizations, 4.3.2 Increase in Demand for Hybrid Cloud, 4.3.3 Growing Demand for Low-cost Storage and Faster Data Accessibility, 4.4.1 Privacy and Security Concerns regarding Cloud Storage, 4.5 Industry Attractiveness - Porter's Five Force Analysis, 4.5.2 Bargaining Power of Buyers/Consumers, 8. Request Sample Copy of this Report @ https://www.aeresearch.net/request-sample/265966. For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies. Complete Market Research, Market Analysis, CAGR, Trends, Major Players, Market Share, Market Size. The market overview, market dynamics, market growth, etc. In July 2019 - IBM announced major upgrades to its IBM Spectrum Discover unified metadata management, Cloud Object Storage, Spectrum Plus data protection and VersaStack converged infrastructure platform with an eye on the cloud and modern workloads. The Global Cloud Storage Market is expected to reach USD 170.02 billion by 2025, at a CAGR of 24.74% during the forecast period 2020-2025. This report is a valuable asset for the existing players, new entrants, and future investors. The public cloud deployment model held over 50% of the Europe cloud computing market share in 2018 as this deployment model supports resource sharing by multiple enterprises to … AWS has expanded well beyond cloud compute and storage. This in itself is indicative of the fact that such an increase would require solutions like cloud storage to handle the surge thereby boosting the growth of the cloud storage over the forecast period. What will be the market size and growth rate in the forecast year? This is expected to fuel the demand for cloud storage over the forecast period. Annual growth rate of each regional market over the estimated timeframe. Market share held by all product segments. Hence, with the growing number of mobile workers in organizations and workplaces, there has been a subsequent rise in the data generated and managed. MARKET OPPORTUNITIES AND FUTURE TRENDS. Totals sales and revenue records of each region. This is expected to boost the cloud storage market’s growth over the forecast period. Amazon web services has the largest cloud computing market share in at 32%. Gartner projects global public cloud revenue will grow 17% in 2020 to $266.4 billion. Application spectrum: Adults and Teenagers. To understand key trends, Download Sample Report. The increasing volume of data being uploaded on the servers of the enterprises has resulted in the need for high-end security, SSL, well-defined sharing, along with cost-effective options within the organization.For instance, on an average of approximately 60 million photos are uploaded daily by Instagram users, globally, and is rapidly increasing, owing to the company’s new policy associated with multiple uploads. This is expected to boost the adoption of cloud storage throughout the forecast period. If processors based on Arm become the norm in the data center, the industry can thank the gravitational pull of AWS… Global Consumer Cloud Storage Services Market Size, Share, Growth Survey 2020 to 2026 and Industry Analysis Report, https://www.aeresearch.net/request-sample/265966, https://www.aeresearch.net/request-for-customization/265966, Product types: Below 18 Years, 18-40 Years and Above 40 Years. Cloud Storage Services Market Report Coverage: Key Growth Factors & Challenges, Segmentation & Regional Outlook, Top Industry Trends & Opportunities, Competition Analysis, COVID-19 Impact Analysis & Projected Recovery, and Market Sizing & Forecast. Private Storage Cloud Market - 2019-2025 Market Overview In 2018, the global Private Storage Cloud market size was million US$ and it is expected to … We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place. Cloud storage enables the user to store the data on the Internet through a cloud computing provider that manages and operates data storage as a service. the competitive rivalry in the cloud storage market is high owing to the presence of some major players such as Microsoft, IBM, Oracle, amongst others. For instance, in June 2019, Indian Army announced its plans to expand its cloud computing network for storing and sharing operational and personnel information such as deployments, movement of formations and health and service records. To understand geography trends, Download Sample Report. Insights pertaining to manufacturing plants of the manufacturers and their base-of-operations across the various geographies. Click here. Cloud Storage Market Statistics: 2027 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. This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. While free platforms like Dropbox and iCloud continue to excel as the most popular free file storage services, Amazon Web Services appear to be the clear winner according to cloud computing stats in 2020 1. This has resulted in a massive surge in the generation of data which is propelling such institutions to have cloud storage in place. The cloud enables the bank to synchronize the enterprise; to break down operational and data silos across risk, finance, regulatory, customer support, amongst others and more importantly, it allows such institutions to combine such massive data sets in one place, and can apply advanced analytics for integrated insights. This is expected to boost the adoption of the cloud storage over the forecast period. The increasing data breaches in the banking sector is propelling the banks to adopt cloud storage that allows them to store data in a space managed and owned by the bank or a third party that offers better security to the end-user. Global Storage as a Service (STaaS) market expected to surge at a whopping CAGR of 16.4% between 2020 and 2030 Demand for STaaS will see an explosion as a third of companies’ IT budget is for cloud services Storage as a Service to be the backbone of companies as cloud computing becomes mainstream with 90% business opting for better solutions Which are the global opportunities for expanding the Global Consumer Cloud Storage Services Market? Pricing model, sales graph, returns, and market share of the listed companies. It offers the regional analysis of Global Consumer Cloud Storage Services Market along with the business profiles of several stakeholders. © 2020 aeresearch.net. AWS was the first cloud computing and offering infrastructure as a service in 2008 and has never looked back as it launches new services at a breakneck pace and is creating its own compute stack that aims to be more efficient and pass those savings along. Market Study Report, LLC. Examination of the competitive hierarchy based on market concentration ratio of the listed companies. Updates on mergers, acquisitions, and expansion plans of leading players. This in itself is indicative of the fact of banking institutions could need solutions like cloud storage to handle such amounts of data. Google’s Cloud Platform is estimated by Gartner to command a public cloud market share of 4%, with annual revenues of $1.3 billion and growth of 60% in 2018. Report scope can be customized per your requirements. are cited in the report. Moreover, it suggests strategies to tackle the challenges and threats plaguing the business sphere. In the latest Consumer Cloud Storage Services market report, numerous aspects pivotal to the industry augmentation in the recent past as well as the key global developments are analyzed to help businesses stay ahead of the curve. 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