Loading...
Cart
0

Cloud Storage Market is Expected to Reach $97,415 Million by 2022

 
 

quote The hybrid deployment mode was the highest contributor in 2015, accounting for around 64.8% of the global market. This segment possesses high growth potential with extended use of both private and public cloud. Moreover, cloud storage adoption is expected to witness high growth rate, owing to primary consideration of data storage, document management, storage security, public portal management, and many other application needs by the growing number of SMEs in the regions including Asia-Pacific and Latin America. quote

Soumya Swarup Sahoo
Research Analyst, ICT at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

Cloud Storage Market Report, published by Allied Market Research, forecasts that the global market size was valued at $21,175 million in 2015, and is projected to reach $97,415 million by 2022, growing at a CAGR of 24.8% from 2016 to 2022.

Access Full Summary at: https://www.alliedmarketresearch.com/cloud-storage-market

The services segment including professional and managed services are on high demand in cloud storage market, due to increase in need to manage data throughout the lifespan, from conception and storage to archiving at the appropriate space and time. Moreover, cost savings on total cost of ownership has also augmented the cloud storage market growth.

North America was the largest market in cloud storage industry for 2015 owing to increase in demand for low cost data storage and faster data accessibility. In addition, there has been a growth in adoption of cloud storage solutions in the European region due to rise in concerns of data recovery and protection and upsurge of cloud adoption in several industry verticals including retail, healthcare, government, education, banking, insurance, and many others. The trend of strong cloud adoption in these developed regions has accelerated the growth of the cloud storage market.

Hybrid deployment mode is expected to grow at the highest CAGR during the forecast period, owing to elasticity between private and public cloud, thus saving cloud cost and efficient data management. Furthermore, private cloud deployment mode also gains traction among SMEs due to lucrative business functions with lower cost and more effective operational solutions.

Based on the geography, the cloud storage market is segmented into four major regions, namely, North America, Europe, Asia-Pacific, and LAMEA. North America was the highest revenue contributor in 2015, accounting for around 35.6% share of the overall cloud storage market size. The Asia-Pacific market is projected to grow at the highest CAGR of 27.2% during the forecast period, driven by cloud adoption among SMEs from various sectors including insurance, retail, healthcare, business service providers, and many others.

The report features a competitive scenario of the cloud storage industry and provides comprehensive analysis of key growth strategies adopted by major players. Key players profiled in the study are Amazon Web Services, Inc., Microsoft Corporation, IBM Corporation, Hewlett Packard Enterprise Development LP, Google, Inc., VMware, Inc., Rackspace Hosting, Inc., Oracle Corporation, EMC Corporation, and Red Hat, Inc. All these players are involved in competitive strategies including software innovation, business expansion, and partnership to augment the growth of the global cloud storage market.

Key Findings of the Study

  • Hybrid deployment mode accounted for the highest share of the cloud storage market in 2015, growing at a CAGR of 26.6%.
  • North America generated the highest revenue in 2015, valued at $7,529 million.
  • Asia-Pacific dominated the market in terms of growth during the forecast period.
  • The U.S. was leading in terms of cloud storage market in 2015. In addition, Canada, China, Australia, South Korea, and other emerging markets are projected to provide significant opportunities for major players.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Abhinav Rautela
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
mediacommunications@alliedanalytics.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Cloud Storage Market by Component Type (Software and Services), Deployment Mode (Private, Public and Hybrid), User Type (Large, Medium and Small Enterprises) and Industry Vertical (BFSI, Government & Education, Healthcare, Telecom & IT, Retail, Manufacturing and Media & Entertainment) - Global Opportunity and Forecast, 2014-2022 quote

View Report
 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Cloud Storage Market"
Purchase Enquiry