Some of the prominent players in the region through research and development have been able to further the technology. Report scope can be customized per your requirements. 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. This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. In the United States IT sector, it was estimated that in the past three years, BYOD adoption witnessed an increase of 44.42%. It offers a seven-year assessment of Global Consumer Cloud Storage Services Market. For instance, in February 2018, Google opened its first Google Cloud Platform (GCP) region in Canada, with reduced prices for Google Cloud Storage infrequent access and cold storage classes, as well as its Nearline Storage features, for users in the region. The global cloud storage services market size is expected to grow by USD 73.21 billion during 2020-2024, according to Technavio. In 2018, the global Consumer Cloud Storage Services market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. The power and also business manufacturing of the significant manufacturers has been mentioned with the technical data. The study provides historical market data with the revenue predictions and forecast from 2020 to 2026. It offers massive data about trending factors that will influence the progress of the Global Consumer Cloud Storage Services Market. 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. This is expected to boost the adoption of the cloud storage over the forecast period. 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. Updates on mergers, acquisitions, and expansion plans of leading players. If processors based on Arm become the norm in the data center, the industry can thank the gravitational pull of AWS… Global Storage as a Service (STaaS) market expected to surge at a whopping CAGR of 16.4% between 2020 and 2030 Demand for STaaS will see an explosion as a third of companies’ IT budget is for cloud services Storage as a Service to be the backbone of companies as cloud computing becomes mainstream with 90% business opting for better solutions It offers an analysis of changing competitive scenario. It helps in understanding the major key product segments. 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. 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. 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… Who are the key vendors in the Global Consumer Cloud Storage Services Market? 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. 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. For instance, in September 2019, Facilis Technology announced that it had entered into a strategic partnership with Qualstar on Object Cloud storage solution. Some of the prominent players in the market through strategic partnerships, mergers & acquisitions, research & developments have been able to further the technology. Complete Market Research, Market Analysis, CAGR, Trends, Major Players, Market Share, Market Size. 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. For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies. 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. The public cloud deployment model held over 50% of the Europe cloud computing market share in 2018 as this deployment model supports resource sharing by multiple enterprises to … Leading companies: Apple, Google, Box, Dropbox, Amazon, Microsoft, Sync, Hubic, Mediafire and Pcloud. To understand key trends, Download Sample Report. Why waste valuable storage space on your PC or phone when you can store your documents and media in the cloud and share it … 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. All Rights Reserved to Mordor Intelligence. [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 … 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. 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. While free platforms like Dropbox and iCloud continue to excel as the most popular free file storage services, Amazon Web Services appear to be the clear winner according to cloud computing stats in 2020 1. 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. Global Consumer Cloud Storage Services Market Size, Share, Growth Survey 2020 to 2026 and Industry Analysis Report By Market Study Report Date: 2020-08-06 Product ID: 2831496 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 … © 2020 aeresearch.net. 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. 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. Totals sales and revenue records of each region. Through strategic partnerships, research and developments, and mergers & acquisition these players have been able to gain a greater footprint in the 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. What are the key outcomes of Porter’s five forces model? 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