Cloud Object Storage Market Analysis, Size, Share, Growth and Trends by Forecast

Posted by Kiran on November 12th, 2019

Cloud Storage Market Highlights:

Cloud storage enables enterprises for the storage of data on remote servers that can be accessed through internet. These remote servers are operated, maintained, and managed by the cloud storage service providers. Cloud storage is generally a virtual mode of data storage. The data stored on cloud can be shared and accessed across the devices through the internet. Several factors that are driving the global cloud storage market such as high demand for hybrid cloud storage and an ascending need for enterprise mobility. There is a need for easy implementation of cloud storage systems, which is also contributing to the ascension of the global cloud storage market. Cloud storage involves computing methods used for accessing data from remote locations.

Furthermore, the adoption of hybrid cloud storage is likely to augur well for the cloud storage market over the forecast period. Market Research Future (MRFR) in their new report has concluded that the global cloud storage market is likely to witness a 25% CAGR during the forecast period.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/cloud-storage-market-2996

Major Key Players:

Some prime vendors present in the global cloud storage market include HP Enterprise Company, Amazon Web Services, Rackspace Hosting, Inc., IBM Corporation, Dropbox, Inc., EMC Corporation, VMware, Inc., Microsoft Corporation, Google, Inc., and Oracle Corporation.

Market Segmentation:

The global cloud storage market is studied for various segments for a detailed and insightful understanding of the landscape. Such segmentation has been carried out on the basis of component, deployment model, vertical, and region.

•          Based on components, the global cloud storage market is segmented into solution and service. The solution segment is further segmented into primary storage, cloud storage gateway, disaster recovery and back up storage, and data archiving.
•          The cloud storage gateway segment is estimated to witness market domination over the forecast period due to its easy integration into the company network architecture. The training and consulting services market is expected to garner high demand for the cloud storage by the end of the forecast period.The service segment is further segmented into managed services, support and maintenance, training and consulting, and cloud integration and migration.
•          Based on deployment model, the global cloud storage market is segmented into public cloud, private cloud, and hybrid cloud. The public model is expected to be the largest shareholder of the cloud storage market due to the adoption of novel methods by organizations for streamlining their operations and reduction of costs. However, the hybrid model is likely to ascend at a rapid pace owing to the advanced encryption and safety features.