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Cloud storage worth $112.73 billion by 2022

IT Market Research

Cloud storage is a model of information storage in which the advanced information is put away in sensible pools, the physical storage traverses various servers (and frequently areas), and the physical condition is regularly possessed and overseen by a facilitating organization.

Cloud storage is a model of data storage in which the digital data is stored in logical pools, the physical storage spans multiple servers (and often locations), and the physical environment is typically owned and managed by a hosting company. These storage providers are responsible for keeping the data available and accessible, and the physical environment protected and running.

People and organizations buy or lease storage capacity from the providers to store user, organization, or application data.

According to Stratistics MRC, the Global Cloud Storage market is expected to grow from $18.9 billion in 2015 to reach $112.73 billion by 2022 with a CAGR of 29.1%.

Some of the key drivers for the market growth include growing need for big data storage and escalating adoption of cloud storage gateways. However, security and regulatory remains the prime barrier for cloud implementation across verticals such as government and financial services, while loss of apparent control over IT assets and substantial legacy systems are also faltering blocks for using cloud.

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Service and packaging segment is anticipated to grow at a higher CAGR during the forecast period due to the incidence of superior technologies in the cloud storage market. In most regions, growth in public cloud IT infrastructure spending will surpass the spending on private cloud IT infrastructure.

The growth is attributed to increasing investments in extension of their datacenters and service offerings. Top five industries such as discrete manufacturing, banking, professional services, process manufacturing, and retail accounted for more than 40% of the total market expenditure.

The technological developments and enabling capabilities discharged by cloud have nurtured novel opportunities across the industries. Asia Pacific holds the largest market share owing to increasing need for big data storage.

Some of the key players in global Cloud Storage market include Amazon Web Services, Inc., At&T, Inc., Dropbox, Inc., EMC Corporation, Fujitsu Ltd., Google, Hewlett-Packard Company, IBM, Microsoft Corporation, Oracle Corporation, Rackspace Hosting, Inc., and VMWare, Inc.

Europe, Latin America, North America, the Middle East and Africa, and Asia Pacific have been identified at the prominent regional markets for Cloud Storage in the research study. The market report presents a study of the current status of these regional markets on the basis of various significant market verticals such as the manufacturing volume, the product pricing, the production capacity, the dynamics of demand and supply, revenue, and the growth rate of this market in each of the regions.

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In conclusion, the global Cloud Storage market standing in the past years and in the coming years is determined by its performance up until now. Results are supported by various sources and market research techniques, all of which are verified.

Then, the report explores the major industry players in detail. In order to identify the existing hierarchy in this market, analysts have reviewed the profiles of the key market participants, using several analytical tools, such as SWOT analysis. 

 

Table of Contents

Global Cloud Storage Market Research Report

Chapter 1 Cloud Storage Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Cloud Storage Market Forecast

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