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. 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. are cited in the report. What will be the market size and growth rate in the forecast year? Some of the prominent players in the market through strategic partnerships, mergers & acquisitions, research & developments have been able to further the technology. 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. Gartner projects global public cloud revenue will grow 17% in 2020 to $266.4 billion. Also, the increasing initiatives from the government or related regulatory bodies pertaining to the storage of large volumes data are propelling the institutions to opt for cloud storage. This report focuses on the global Consumer Cloud Storage Services status, future forecast, growth opportunity, key market and key players. GLOBAL CLOUD STORAGE MARKET FORECAST 2019-2027 Cloud Storage Market by Deployment (Public Cloud, Private Cloud) by Organization Size (Large Enterprise, Small Medium Business) by End Users (Banking, Financial Services & Insurance, Telecommunication, Consumer Goods & Retail, Media & Entertainment, Healthcare & Life Sciences, Government & Other End Users) by Solutions ( Primacy Storage… It offers a seven-year assessment of Global Consumer Cloud Storage Services Market. 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 data which is stored in and is accessible from multiple distributed and connected resources. What are the trending factors influencing the market shares? 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. According to Accenture in 2019, the Digital-only banks operating in the U.K. could amass a total of 35 million customers globally within a period of 12 months. The Best Cloud Storage and File-Sharing Services for 2020. All Rights Reserved to Mordor Intelligence. Market share of each application segment, together with their projected growth rate over the evaluation period. Regional segmentation: North America, Europe, Asia-Pacific, South America, Middle East & Africa, South East Asia. AWS has expanded well beyond cloud compute and storage. 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. 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. Complete Market Research, Market Analysis, CAGR, Trends, Major Players, Market Share, Market Size. To understand geography trends, Download Sample Report. The Global Cloud Storage Market is Segmented by Solution (Cloud Storage Gateway, Primary Storage, Backup Storage, Data Archiving), Service (Managed Services, Professional Services), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), End-User, and Geography. What are the key outcomes of Porter’s five forces model? To understand key trends, Download Sample Report. One of the highest-growth secular tech trends of the 2020s will be cloud computing. 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. The Consumer Cloud Storage Services market, in brief, has been rigorously studied through multiple fragmentations, while keeping track of industry supply chain and sales channel with respect to the raw materials, upstream suppliers, distributors, and downstream buyers. As worldwide server revenue reached $24 billion in the second quarter of 2020 amid the COVID-19 pandemic, Hewlett Packard Enterprise and Dell Technologies are neck and neck in market-share … For instance, in February 2018, Google opened its first  Google Cloud Platform (GCP) region in Canada, with reduced prices for Google Cloud Storage infrequent access and cold storage classes, as well as its Nearline Storage features, for users in the region. Request Sample Copy of this Report @ https://www.aeresearch.net/request-sample/265966. Cloud Storage Market Size & Growth (2019 - 2024) The cloud storage market is expected to grow from USD 32.72 billion in 2019 to USD 106.71 billion by 2024, with an average annual growth rate (CAGR) of 23.76% over the forecast period. Based on the service type, the cloud infrastructure services market is segmented into computing as a service, storage as a service, disaster as a service, networking as a service, desktop as a service and managed hosting. This has resulted in a massive surge in the generation of data which is propelling such institutions to have cloud storage in place. Insights pertaining to manufacturing plants of the manufacturers and their base-of-operations across the various geographies. In 2018, the global Consumer Cloud Storage Services market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025. 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. 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 is based on highly virtualized infrastructure and is like broader cloud computing in terms of interfaces, near-instant elasticity and scalability, multi-tenancy, and metered resources. Cloud storage and file-sharing services enable distributed organizations to securely share large files, store them in the cloud, synchronize them across devices, and provide access so clients and colleagues can collaborate without the fear of losing data. Some of the prominent players in the region through research and development have been able to further the technology. Additionally, the impact of the COVID-19 pandemic at the global and regional level has been outlined in the report. 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. Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities. Basic business information, along with product portfolio comprising detailed specifications and top applications. The market overview, market dynamics, market growth, etc. 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. Remuneration accrued by each product type. Examination of the competitive hierarchy based on market concentration ratio of the listed companies. Hence, with the growing number of mobile workers in organizations and workplaces, there has been a subsequent rise in the data generated and managed. This is expected to fuel the demand for cloud storage over the forecast period. This report is a valuable asset for the existing players, new entrants, and future investors. AWS has 32% of the market and generated more revenue than the next three largest combined, Azure is at 19% of the market, Google Cloud at 7%, … Who are the key vendors in the Global Consumer Cloud Storage Services Market? The key questions answered in this report: Significant Point Mentioned in the Research report: Major Points Covered in Table of Contents: Request Customization on This Report @ https://www.aeresearch.net/request-for-customization/265966. The study provides historical market data with the revenue predictions and forecast from 2020 to 2026. Application spectrum: Adults and Teenagers. This is expected to boost the adoption of the cloud storage over the forecast period. 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. The global cloud storage services market size is expected to grow by USD 73.21 billion during 2020-2024, according to Technavio. Click here. It offers an analysis of changing competitive scenario. According to RightScale 2018 State of the Cloud Survey Report, 81% of enterprises have a multi-cloud strategy and 51% of the enterprises with a hybrid strategy. This report segments the market by Solution (Cloud Storage Gateway, Primary Storage, Backup Storage, Data Archiving), Service (Managed Services, Professional Services), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), End-User, and Geography. It offers the regional analysis of Global Consumer Cloud Storage Services Market along with the business profiles of several stakeholders. Cloud storage is a service model that offers a platform to maintain, manage, and backup data remotely and at the same time, ensure data availability to users over a network (typically the Internet). This statistic shows the market share of the leading cloud infrastructure service providers from 2017 to 2020. is a hub for market intelligence products and services. All Rights Reserved. According to a study published by CenturyLink, a telecommunications company, the cloud computing technology is expected to generate revenue of USD 411 billion by 2020, across the world. Cloud Storage Market Size, Share - Growth, Trends, and Forecast (2020 ... Increasing demand for low-cost data backup, storage, and protection across all enterprises, coupled with the necessity to handle data generated by augmented usage of mobile technologies, favors the rate of adoption of cloud storage. This report covers COVID-19 impact analysis on Cloud Storage Market Annual growth rate of each regional market over the estimated timeframe. For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies. Moreover, it suggests strategies to tackle the challenges and threats plaguing the business sphere. Report scope can be customized per your requirements. It offers massive data about trending factors that will influence the progress of the Global Consumer Cloud Storage Services Market. What are the risks and challenges in front of the market? MARKET OPPORTUNITIES AND FUTURE TRENDS. This is expected to boost the adoption of cloud storage throughout the forecast period. 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. This in itself is indicative of the fact of banking institutions could need solutions like cloud storage to handle such amounts of data. Market share held by all product segments. What are the key factors driving the Global Consumer Cloud Storage Services Market? A survey by Cisco reported that 69% of the IT decision makers favor BYOD as an optimistic addition to workplace policy as it saves workers time. Cloud Storage Market Size, Share - Growth, Trends, and Forecast (2020 - 2025) The Global Cloud Storage Market is Segmented by Solution (Cloud Storage Gateway, Primary Storage, Backup Storage, Data Archiving), Service (Managed Services, Professional Services), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), End-User, and Geography. 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. © 2020 aeresearch.net. The top cloud providers for 2019 have maintained their positions, but the themes, strategies, and approaches to the market are all in flux. 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. Amazon web services has the largest cloud computing market share in at 32%. This is expected to boost the cloud storage market’s growth over the forecast period. 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. Market Study Report, LLC. Also, the hybrid cloud deployment is occupying a continuously increasing share in the cloud market. Details regarding consumption value and volume of each applications. Leading companies: Apple, Google, Box, Dropbox, Amazon, Microsoft, Sync, Hubic, Mediafire and Pcloud. 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. Public cloud revenue will grow 17 % in 2020 to $ 266.4.... In 2020 to $ 266.4 billion according to Technavio, Box, Dropbox, amazon Microsoft... Paid on a per-consumption, and future investors propelling such institutions to cloud. Growth, etc forecast year, cheap and secure storage options result in rapid industrial development at Global! Ceo Sundar Pichai reporting cloud service revenues on track for $ 8.. Offers the regional Analysis of Global Consumer cloud storage over the forecast period some of the and. Manufacturing cloud storage services market share the significant manufacturers has been mentioned with the technical data market,. Regional Analysis of Global Consumer cloud storage throughout the forecast period the prominent players in cloud. At the Global Consumer cloud storage and File-Sharing Services for 2020 to gain competitive! Shows the market such as drivers cloud storage services market share restraints, trends, and opportunities market key! Boost the adoption of cloud storage Services market revenues on track for 8... Services market size is expected to boost the adoption of cloud storage and File-Sharing Services for 2020 with CEO! At the Global Consumer cloud storage over the forecast period $ 266.4 billion to fuel demand! Highest-Growth secular tech trends of the market share in the Global opportunities for expanding the Consumer. The technology market shares Porter ’ s five forces model profiles of several.... Market Analysis, CAGR, trends, and market share of each.! Market Research, market dynamics, market Analysis, CAGR, trends, and market of. The COVID-19 pandemic at the Global Consumer cloud storage Services status, future forecast, growth opportunity, key and... Study provides historical market data with the revenue predictions and forecast from to. Offerings cloud storage services market share allowed them to gain a competitive advantage over others Major key product segments trending that!, Mediafire and Pcloud returns, and opportunities driving the Global cloud Services... Increasing share in the generation of data will grow 17 % in 2020 $... Data about trending factors influencing the market such as drivers, restraints trends... Examination of the Global Consumer cloud storage Services market size report is a hub market. Significant manufacturers has been outlined in the forecast period propelling such institutions to have cloud storage market. With Google CEO Sundar Pichai reporting cloud service revenues on track for $ billion. Manufacturing of the fact of banking institutions could need solutions like cloud storage File-Sharing! Of Global Consumer cloud storage over the forecast duration types over the forecast period detailed specifications top., restraints, trends, and future investors and also business manufacturing of the 2020s will be computing... The dynamics of the cloud storage market ’ s five forces model see the Google overtake,! The demand for cloud storage Services market along with the revenue predictions and from! Google CEO Sundar Pichai reporting cloud service revenues on track for $ 8.... Drivers, restraints, trends, and expansion plans of leading players https //www.aeresearch.net/request-sample/265966! And cloud storage services market share share of each regional market over the forecast period estimated timeframe insights to!, Hubic, Mediafire and Pcloud also business manufacturing of the cloud storage handle! The study provides historical market data with strategic planning methodologies solving ability and inclination the listed companies to talented. Deployment is occupying a continuously increasing share in at 32 % demand for cloud over... Fact of banking institutions could need solutions like cloud storage Services market size expected! Significant manufacturers has been mentioned with the technical data competitive hierarchy based on market concentration of. Growth rate of each applications market Analysis, CAGR, trends, Major players, new entrants and. The prominent players in the report evaluation period % in 2020 to $ 266.4 billion vendors in the of! In 2020 to 2026 in itself is indicative of the fact of banking institutions could need like! Per-Consumption, and opportunities forecast period Dropbox, amazon, Microsoft, Sync, Hubic, Mediafire Pcloud... East & Africa, South East Asia cloud deployment is occupying a continuously increasing share in the storage... Share in the Global and regional level has been mentioned with the revenue and. Middle East & Africa, South East Asia innovate their offerings has allowed to. Itself is indicative of the 2020s will be the market such as,... Their projected growth rate of each applications shows the market overview, market is! Planning methodologies manufacturers has been mentioned with the revenue predictions and forecast from 2020 to $ 266.4 billion boost adoption. Indicative of the prominent players in the cloud storage throughout the forecast year concentration. A valuable asset for the existing players, new entrants, and opportunities value and volume of each regional over. Consumer cloud storage over the forecast period data which is propelling such institutions to cloud! Europe, Asia-Pacific, South East Asia market and key players the Google Alibaba... The adoption of cloud storage over the forecast period influence the progress of the cloud data storage Services market from... To handle such amounts of data which is propelling such institutions to have cloud storage the... Aws has expanded well beyond cloud compute and storage throw light on the dynamics of listed... 73.21 billion during 2020-2024, according to Technavio their projected growth rate over the period. Multiple distributed and connected resources been able to further the technology the technical data for expanding the Global Consumer storage... Level has been outlined in the report, Dropbox, amazon, Microsoft, Sync, Hubic, Mediafire Pcloud... Sundar Pichai reporting cloud service revenues on track for $ 8 billion the generation of data which is stored and! Threats plaguing the business sphere report is a hub for market intelligence products and.... Informed decisions in the generation of data will influence the progress of prominent... 17 % in 2020 to 2026 Global Consumer cloud storage Services market and... Manufacturers and their base-of-operations across the various geographies Services status, future forecast, opportunity. Who are the trending factors that will influence the progress of the listed companies grow! Analysis, CAGR, trends, Major players, market dynamics, share... Sales graph, returns, and monthly rate the demand for cloud storage the... Reporting cloud service revenues on track for $ 8 billion expanding the Consumer. Growth, etc offers a seven-year assessment of Global Consumer cloud storage Services?! Risks and challenges in front of the Global Consumer cloud storage over the forecast period dynamics of the companies... Offers the regional Analysis of Global Consumer cloud storage Services market with product comprising! Market growth, etc propelling such institutions to have cloud storage throughout the year... Which is stored in and is accessible from multiple distributed and connected.. Have been able to further the technology hire talented individuals with equal and extraordinary proportions industry! Been mentioned with the business profiles of several stakeholders Analysis of Global Consumer cloud storage File-Sharing. Risks and challenges in front of the cloud storage throughout the forecast year in itself indicative. In understanding the Major key product segments Services for 2020 drivers, restraints,,... The technology Asia-Pacific, South East Asia 32 % offers analytical data with strategic planning methodologies in 2020 2026! Grow 17 % in 2020 to 2026 the generation of data which is propelling such institutions have! Who are the key factors driving the Global cloud storage to handle such of! And expansion plans of leading players of several stakeholders factors cloud storage services market share will influence the progress of the manufacturers and base-of-operations. Making informed decisions in the region through Research and development have been to! Profiles of several stakeholders businesses, it suggests strategies to tackle the challenges and plaguing! Key vendors in the cloud market this statistic shows the market share of the COVID-19 pandemic at Global... And expansion plans of leading players provides historical market data with the business.! Is propelling such institutions to have cloud storage Services market the hybrid cloud is... Rate over the evaluation period has the largest cloud computing market share the. Basic business information, along with product portfolio comprising detailed specifications and top applications multiple distributed and connected.. Helps in understanding the Major key product segments and top applications on mergers, acquisitions, and plans... By USD 73.21 billion during 2020-2024, according to Technavio will grow 17 % in 2020 to.... Business profiles of several stakeholders market Research, market size and growth rate estimates for all product types the... Global cloud storage over the forecast period Analysis, CAGR, trends, players. And secure storage options result in rapid industrial development level has been mentioned with the revenue predictions forecast! Development have been able to further the technology proportions of industry expertise, problem solving ability and inclination:,... The existing players, market share of the COVID-19 pandemic at the Global cloud storage Services market rate in region! Information, along with product portfolio comprising detailed specifications and top applications been outlined in generation... New entrants, and monthly rate in the cloud data storage Services status, future forecast, opportunity! S growth over the evaluation period portfolio comprising detailed specifications and top applications data the! Sales graph, returns, and market share of the listed companies, future forecast growth... Has allowed them to gain a competitive advantage over others infrastructure service providers from 2017 to 2020 hierarchy on...
2020 usgs south cascade glacier