This has resulted in a massive surge in the generation of data which is propelling such institutions to have cloud storage in place. Googles 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. This report covers COVID-19 impact analysis on Cloud Storage Market The power and also business manufacturing of the significant manufacturers has been mentioned with the technical data. Complete Market Research, Market Analysis, CAGR, Trends, Major Players, Market Share, Market Size. According toRightScale 2018 State of the Cloud Survey Report, 81% of enterprises have a multi-cloud strategy and 51% of the enterprises with a hybrid strategy. Banks, in order to improve the revenue generation, increase customer insights, contain costs, deliver market-relevant products quickly and efficiently, and help monetize enterprise data assets,have started digitizing their working by introducing online portals through which a user can directly complete his work without any need for a bank official's intervention. Some of the prominent players in the region through research and development have been able to further the technology. For instance, in June 2019, Indian Army announced its plans to expand its cloud computing network for storing and sharing operational and personnel information such as deployments, movement of formations and health and service records. 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 2020 aeresearch.net. What are the risks and challenges in front of the market? 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. Totals sales and revenue records of each region. Insights pertaining to manufacturing plants of the manufacturers and their base-of-operations across the various geographies. The Global Cloud Storage Market is expected to reach USD 170.02billion by 2025, at a CAGR of 24.74% during the forecast period 2020-2025. 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. To understand key trends, Download Sample Report. The study provides historical market data with the revenue predictions and forecast from 2020 to 2026. 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. 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. is a hub for market intelligence products and services. All Rights Reserved to Mordor Intelligence. 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. Pricing model, sales graph, returns, and market share of the listed companies. This report is a valuable asset for the existing players, new entrants, and future investors. Gartner projects global public cloud revenue will grow 17% in 2020 to $266.4 billion. Report scope can be customized per your requirements. 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. 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 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 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. Request Sample Copy of this Report @ https://www.aeresearch.net/request-sample/265966. MARKET OPPORTUNITIES AND FUTURE TRENDS. It offers the regional analysis of Global Consumer Cloud Storage Services Market along with the business profiles of several stakeholders. Amazon web services has the largest cloud computing market share in at 32%. 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. Sep 24, 2020 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry." This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. 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. Consumer Cloud Storage Services Latest Research Report. Updates on mergers, acquisitions, and expansion plans of leading players. This also is expected to boost the adoption of the cloud storage over the forecast period. 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 suchmassive data setsin one place, andcan apply advanced analytics for integrated insights. Generation of data which is stored in and is accessible from multiple distributed and connected.! Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track $. Could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud revenues Services for 2020 with Google CEO Sundar Pichai reporting cloud service revenues on track for $ 8 billion from. Specifications and top applications offers massive data about trending factors influencing the market size expected boost! 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