Cloud Storage Market Forecast to 2024: Growth Opportunities and Regional Outlook
Category: #reports  By Ronak Bora  Date: 2019-02-11
  • share
  • Twitter
  • Facebook
  • LinkedIn

Cloud Storage Market Forecast to 2024: Growth Opportunities and Regional Outlook

North America holds the highest share in the Cloud Storage Market owing to technological investments and huge investments in R&D for cloud-based solutions, early adoption of new technologies, and advanced IT infrastructure. Moreover, cheap and easy storage options result in the rapid industrial development. Asia Pacific is the fastest growing region due to the high adoption rate of hybrid cloud storage, increasing usage of cloud-based application, and increasing need for enterprise storage of data.

The increasing demand for big data storage also boosts the cloud storage market growth. Companies need to store huge data and cloud-based services provide a reliable platform for the storage of data. The penetration of mobile and wireless networks further drives the need for enterprise mobility. Employees are adopting flexible work environment by working from home and working while traveling, accelerating the cloud storage market as it connects the out-of-office workers to the enterprise environment.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1773

Due to the ease of deployment of cloud storage solutions, various small and medium enterprises are adopting the cloud storage medium. It saves machine installation costs, reduces energy consumption, stores and manages a huge amount of data, allows easy accessibility, and is readily accepted in the industry, accelerating the cloud storage market demand. The increasing cloud storage adoption system has resulted in a higher demand for gateways. Gateways are joined on the customer premise, linking the remote cloud to local applications. This results in a lesser storage space, reduces operational costs, and results in the rapid growth of the cloud storage market.

Due to the growing population, the need for data storage also increases, which in turn requires technologically advanced storage solutions. This is a major opportunity for the cloud storage market. Technological advancements in data transfer and data security offer huge growth opportunities to the cloud storage market.

Request for customization @ https://www.gminsights.com/roc/1773

The cloud storage market is segmented on the basis of solution, services, deployment model and vertical. The deployment model consists of private, public, and hybrid. Private cloud technology is used for personal usage as well as for private companies as it provides higher data security and manages huge amounts of administrative data. Public type allows authorized users to access information through the internet.

The service segment is segmented on the basis of training and consulting, managed services, cloud integration and migration services, and support and maintenance. Managed services are anticipated to grow rapidly over the forecast time span, allowing organizations to concentrate on their core business and improved end-user experience with high-quality services. Managed service providers offer remote examining of IT infrastructure and reduce operational costs.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/cloud-storage-market

The main players operating in the cloud storage market include Microsoft Corporation, HP Enterprise Company, Amazon Web Services, IBM Corporation, EMC Corporation, Google, Oracle Corporation, Rackspace Hosting, SkyDrive, Dropbox, and AT&T. Key industry players come up with various strategies and are investing heavily in the R&D to improve their performance.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology



About Author

Ronak Bora

Email: [email protected]   

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for News.Marketsizeforecasters and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, ...

Read More

More News By Ronak Bora

OSS/BSS Market in cloud Segment is Projected to Growth At A CAGR Of Over 9% Over 2018 - 2024
OSS/BSS Market in cloud Segment is Projected to Growth At A CAGR Of Over 9% Over 2018 - 2024
By Ronak Bora

The OSS/BSS Market is propelled by the increasing trend of outsourcing services in the telecom industry. As telecommunication service providers grapple with the increasing amount of data, they also need to focus on providing innovative services th...

Explosive Trace Detection Market in Robotic Explosive Detectors Will Expected to Gain Maximum Industry Share by 2024
Explosive Trace Detection Market in Robotic Explosive Detectors Will Expected to Gain Maximum Industry Share by 2024
By Ronak Bora

North America is projected to hold a major share in the Explosive Trace Detection Market over the forecast period owing to the increasing number of security vendors in the region. Additionally, recent terrorist activities are promoting the demand ...

SIP Trunking Services Market Trend Propelled by Growing Adoption of Unified Communication (UC) Solutions in Enterprise Environments
SIP Trunking Services Market Trend Propelled by Growing Adoption of Unified Communication (UC) Solutions in Enterprise Environments
By Ronak Bora

North America leads the SIP Trunking Services Market with an extensive deployment as businesses in the region are rapidly turning to SIP trunking to replace their legacy communication systems. Also, the availability of an excellent service network...