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Recent research: Cloud and IoT storage technologies: transformation of deployment methods to remain a long-term trend

IT Market Research

The global market for cloud and Internet of Things (IoT) storage technologies will grow from $12.6 billion in 2017 to $27.3 billion by 2022, at a compound annual growth rate (CAGR) of 16.7% for the period of 2017-2022.

Market Research Hub (MRH) has recently added a report, titled “Cloud and Internet of Things (IoT)…rage Technologies Make an Inquiry about this news: Global Market Through 2022”, to its vast repository. This report considers cloud and IoT storage together for analysis, despite they are generally addressed as different markets.

This is mainly because they both entail requirement for transformation of storage infrastructure, from traditional platforms to highly efficient, dynamic, and scalable infrastructure. Growing demand for cloud and IoT storage technologies illustrate a long-term trend toward transforming methods for deployment of storage technologies, meanwhile curtailing cost to IT organizations.