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Regional segmentation: North America, Europe, Asia-Pacific, South America, Middle East & Africa, South East Asia. Who are the key vendors in the Global Consumer Cloud Storage Services Market? 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. It helps in understanding the major key product segments. This has resulted in a massive surge in the generation of data which is propelling such institutions to have cloud storage in place. Hence, with the growing number of mobile workers in organizations and workplaces, there has been a subsequent rise in the data generated and managed. Some of the prominent players in the region through research and development have been able to further the technology. AWS has expanded well beyond cloud compute and storage. 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. It offers massive data about trending factors that will influence the progress of the Global Consumer Cloud Storage Services Market. Their ability to continually innovate their offerings has allowed them to gain a competitive advantage over others. MARKET OPPORTUNITIES AND FUTURE TRENDS. 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. are cited in the report. The data whichis stored in and is accessible from multiple distributed and connected resources. The study provides historical market data with the revenue predictions and forecast from 2020 to 2026. What will be the market size and growth rate in the forecast year? The increasing automationin the fields of aerospace and defense coupled with the necessity to improvestoring and sharing data on operations and soldiers over the army cloud is expected to drive the market over the forecast period. Moreover, cheap and secure storage options result in rapid industrial development. JPMorgan Chase in its 2018 annual report stated that the company had hit average mobile customers mark of 33.3 million, a number that was by 11% with Total active digital customersbeing 49.3 million. We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place. 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. All Rights Reserved to Mordor Intelligence. 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. the competitive rivalry in the cloud storage market is high owing to the presence of some major players such as Microsoft, IBM, Oracle, amongst others. The global cloud storage market size stood at USD 49.13 billion in 2019 and is projected to reach USD 297.54 billion by 2027, exhibiting a CAGR of 25.3% during the forecast period. It offers an analysis of changing competitive scenario. Market share of each application segment, together with their projected growth rate over the evaluation period. Additionally, the impact of the COVID-19 pandemic at the global and regional level has been outlined in the report. Details regarding consumption value and volume of each applications. 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. In July 2019 - IBM announcedmajor 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. 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. Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities. The top cloud providers for 2019 have maintained their positions, but the themes, strategies, and approaches to the market are all in flux. This also is expected to boost the adoption of the cloud storage over the forecast period. Gartner projects global public cloud revenue will grow 17% in 2020 to $266.4 billion. What are the trending factors influencing the market shares? Remuneration accrued by each product type. Cloud storage enables the user to store the dataon the Internet through a cloud computing provider thatmanages and operates data storage as a service. Insights pertaining to manufacturing plants of the manufacturers and their base-of-operations across the various geographies. This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. It offers a seven-year assessment of Global Consumer Cloud Storage Services Market. Report scope can be customized per your requirements. Complete Market Research, Market Analysis, CAGR, Trends, Major Players, Market Share, Market Size. What are the risks and challenges in front of the market? A recent market research report added to repository of Credible Markets is an in-depth analysis of Global Cloud Storage Services Market Moreover, it suggests strategies to tackle the challenges and threats plaguing the business sphere. Updates on mergers, acquisitions, and expansion plans of leading players. This is expected to boost the cloud storage markets growth over the forecast period. The Best Cloud Storage and File-Sharing Services for 2020. In 2018, the global Consumer Cloud Storage Services market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025. Private Storage Cloud Market - 2019-2025 Market Overview In 2018, the global Private Storage Cloud market size was million US$ and it is expected to [240 Pages Report] The global cloud storage market size is projected to grow from USD 50.1 billion in 2020 to USD 137.3 billion by 2025, at a Compound Annual Growth Rate Consumer Cloud Storage Services Market Overview, Global Consumer Cloud Storage Services Production, Revenue, Price Trend by Type, Global Consumer Cloud Storage Services Market Analysis by Applications, Company Profiles and Key Figures in Consumer Cloud Storage Services Business, Consumer Cloud Storage Services Manufacturing Cost Analysis, Marketing Channel, Distributors, and Customers, Global Consumer Cloud Storage Services Market Forecast. Sep 24, 2020 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry." Amazon web services has the largest cloud computing market share in at 32%. This report covers COVID-19 impact analysis on Cloud Storage Market Growth rate estimates for all product types over the forecast duration. Click here. The research document has been put together in a manner that aids companies in better understanding the prevailing trends and identifying future growth prospects to make well-informed decisions. North America is expected to hold a significant share owing to early adoption of new technologies, huge investments in R&D for the cloud-based solutions, and enhanced IT infrastructure. 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. The market overview, market dynamics, market growth, etc. It offers the regional analysis of Global Consumer Cloud Storage Services Market along with the business profiles of several stakeholders. For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies. Which are the global opportunities for expanding the Global Consumer Cloud Storage Services Market? 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. What are the key outcomes of Porters five forces model? Key growth drivers and opportunities that are slated to influence to profitability graph of the industry over the assessment period are highlighted in the report. One of the highest-growth secular tech trends of the 2020s will be cloud computing. Application spectrum: Adults and Teenagers. Market Study Report, LLC. Also, the hybrid cloud deployment is occupying a continuously increasing share in the cloud market. 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