Global Cloud Storage Market – Industry Analysis and Forecast (2017-2024) _ by Type (Solutions and Services), by Deployment Model (Private Cloud, Public Cloud, and Hybrid Cloud), by Organization Size (Small and Medium-Sized Enterprises and Large Enterprises), by Vertical (Banking, Financial Services, and Insurance, Government and Public Sector, Telecommunications and Ites, Manufacturing, Healthcare and Life Sciences, Consumer Goods and Retail, Media and Entertainment) and by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)
Cloud Storage Market valued USD 22.95 Billion in 2016 and expected to reach USD 122.59 Billion by 2024, at a CAGR of 23.3%.
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Report includes assessment of market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities, market analysis and comprehensive segmentation with respect to the software, service, deployment type, organization size, end-users and geography to assist in strategic business planning.
The major factors driving the Cloud Storage Market are, rapid growth in the adoption rate of hybrid cloud storage, growing necessity for enterprise mobility in order to improve cloud storage and significant growth in the Iot. Strict government rules and regulations, fear of vendor lock-ins, and complexity in adopting cloud storage are the key restraining factor for the growth of cloud storage market.
The hybrid cloud segment is expected to witness lucrative market growth:
The hybrid is the fastest growing deployment model, owing to the benefits such as growth in the scalability, user friendly and the advantages provided to the customers is driving this segment.
APAC is expected to hold a major chunk of the market during the forecast period:
APAC is expected to hold of the largest market share for Cloud Storage Market among other regions in 2016 and is anticipated to lead the market share over the forecast period due to growing necessity for more efficient and simpler frame work, and shifting workload to the cloud environment are anticipated to drive the market in APAC region.
Scope of the Report:
Cloud Storage Market, by Type: Solutions and Services
Cloud Storage Market, by Deployment Model: Private Cloud, Public Cloud, and Hybrid Cloud
Cloud Storage Market, by Organization Size: Small and Medium-Sized Enterprises and Large Enterprises
Cloud Storage Market, by Vertical: Banking, Financial Services, and Insurance, Government and Public Sector, Telecommunications and Ites, Manufacturing, Healthcare and Life Sciences, Consumer Goods and Retail, Media and Entertainment
Cloud Storage Market, by Geography: North America, Europe, Asia Pacific, Middle East & Africa and Latin America
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