Pune, India, March 24, 2021 (GLOBE NEWSWIRE) -- The worldwide cloud storage market is set to acquire footing from the rising selection of self-governing frameworks and AI. Additionally, the prologue to extraordinary video frameworks, the web of things (IoT), and far-off detecting advancements are driving the market development. This data is given by Fortune Business Insights™ in a new report, named, "Distributed storage Market" Size, Share and Industry Analysis, By Component (Storage Model, and Services), By Deployment (Private, Public, and Hybrid), By Enterprise Size (SMEs, and Large Enterprises), By Vertical (BFSI, IT and Telecommunication, Government and Public Sector, Manufacturing, Healthcare and Life Sciences, Retail and Consumer Goods, Media and Entertainment, and Others), and Regional Forecast, 2021-2027." The examination further notices that the distributed storage market size was USD 49.13 billion in 2021 and is projected to arrive at USD 297.54 billion by 2027, showing a CAGR of 25.3% during the conjecture time frame.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/cloud-storage-market-102773
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreaks across industries to help you prepare for the future.
Regional Analysis-
North America to Remain Dominant Owing to Rising Adoption of Various Digital Services
Regionally, the market is divided into Latin America, Europe, Asia Pacific, the Middle East and Africa, and North America. Amongst these, North America procured USD 19.85 billion revenue in 2021 and is set to dominate the market. This growth is attributable to the rising adoption of several digital services, such as electronic signatures and e-commerce in the U.S. Also, the increasing rate of cybercrime would contribute to the growth. However, the outbreak of the Covid-19 pandemic is expected to obstruct growth by affecting the technological investments of industry giants. The Asia Pacific, on the other hand, is projected to exhibit astonishing growth during the forecast period backed by the increasing usage of smartphones.
Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cloud-storage-market-102773
Drivers & Restraints-
Covid-19 Pandemic to Boost Growth Backed by Rising Usage of Cloud Storage Solutions
Cloud storage solutions are gaining more popularity at present as workforces are inclining towards a distributed work environment. These solutions aid workforces in collaborating and staying connected. The outbreak of the Covid-19 pandemic is enabling several organizations to support remote working, as well as manage the vast amount of data smoothly. Microsoft, for instance, has surged the benefits of Windows and extended Azure cloud credits for non-profit and critical care organizations, such as food & nutrition, public safety, and health support. In addition to that, the utilization of analytics-driven platforms is helping companies in generating a large amount of data. They are, therefore, preferring hybrid cloud storage solutions more than conventional ones. However, the occurrence of data breaches may hamper the cloud storage market growth in the coming years.
Segment-
BFSI Segment to Grow Steadily Fueled by Need for Improving Consumer Experience
Based on vertical, the banking, financial services, and insurance (BFSI) segment generated a 22.4% cloud storage market share in 2021. The industry deals with large volumes of customer data on regular basis. It delivers efficient services to the customers. To serve them better, they require cloud storage technology as it poses as a transformative digital solution. This solution provides a high level of scalability, agility, and data security to the industry. Cloud storage systems not only improve consumer experience and revenues but also enhance operational efficiency. These factors are set to drive the growth of the BFSI segment in the near future.
Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/cloud-storage-market-102773
Competitive Landscape-
Key Companies Focus on Expanding Product Offerings to Surge Revenue
Microsoft, IBM, and Amazon are some of the top companies operating in the global market. They are striving to widen their product offerings by keeping up with the latest trends. They will also be able to surge their revenue this way. Below are two of the latest industry developments:
- February 2021: Amazon Web Services, Inc. was chosen by Carrier to be its preferred cloud provider. Carrier will utilize AWS machine learning, analytics, and warehouse services to point out efficiencies in its supply chains and manufacturing processes. It would also use the latter’s IoT services to support a new range of networked, intelligent products and services for the refrigerated, workplace, and home logistics chain.
- January 2021: Dell Technologies unveiled various new portfolio advancements, reference architectures, and solutions designed to accelerate and simplify the consumers’ AI and high-performance computing (HPC) efforts.
List Of Key Companies Profiled in Cloud Storage Market Are:
- Alibaba Cloud (China)
- Amazon Web Services, Inc. (United States)
- Dell Technologies Inc. (United States)
- Dropbox (United States)
- Fujitsu Ltd, Inc. (Japan)
- Google, Inc. (United States)
- Hewlett Packard Enterprise Development LP (United States)
- IBM Corporation (United States)
- Microsoft Corporation (United States)
- Oracle (United States)
- pCloud AG (Switzerland)
- Rackspace, Inc. (United States)
- VMware, Inc. (United States)
Order Complete Report https://www.fortunebusinessinsights.com/checkout-page/102773
Table of Content
- Introduction
- Definition, By Segment
- Research Approach
- Sources
- Executive Summary
- Market Dynamics
- Drivers, Restraints and Opportunities
- Emerging Trends
- Key Insights
- Macro and Micro Economic Indicators
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Forces Analysis
- COVID-19 Impact Analysis
- Global Cloud Storage Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecasts
- By Component (Value)
- Storage Model
- Object Storage
- File Storage
- Block Storage
- Services
- Professional services
- Managed Services
- Storage Model
- By Deployment (Value)
- Public
- Private
- Hybrid
- By Enterprise Size (Value)
- Small and Mid-sized Enterprises (SMEs)
- Large Enterprises
- By Vertical (Value)
- BFSI
- IT and Telecommunication
- Government and Public Sector
- Manufacturing
- Healthcare and Life Science
- Retail and Consumer Goods
- Media and Entertainment
- Others
- By Geography (Value)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
- By Component (Value)
Speak To Our Analyst- https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/cloud-storage-market-102773
Smart Parcel Locker Market Size, Share & COVID-19 Impact Analysis, By Type (Modular Parcel Locker, Cooling Lockers for Fresh Food, Postal Lockers, and Laundry Lockers), By Deployment (Indoor and Outdoor), By Application (Commercial Buildings, Condos and Apartments, Retail BOPIS, Universities & Colleges, and Others), and Regional Forecast, 2020-2027
Customer Experience Management Market Size, Share & COVID-19 Impact Analysis, By Component (Solution, Services), By Deployment (Cloud, On-Premise), By Organization Size (SMEs, Large Enterprises), By Touchpoint (Call Center, Website, Mobile Applications, Email, Social Media, and Others), By End-User (BFSI, Rental and Consumer Goods, IT and Telecom, Healthcare, Automotive, Media and Entertainment, Government), and Regional Forecast, 2020-2027
Encryption Software Market Size, Share & Covid-19 Impact Analysis, By Component (Software, Services), By Application (Disk Encryption, Database Encryption, Cloud Encryption), By Enterprise Size (Large Enterprises, SMEs), By Deployment Model (On-Premises, Cloud), By Industry Vertical (IT and Telecommunications, Banking, Finance, Security and Insurance (BFSI), Healthcare and Life Sciences, Manufacturing, Retail), and Regional Forecast, 2020-2027
Business Intelligence Market Size, Share & COVID-19 Impact Analysis, By Component (Solution, and Services), By Deployment (Cloud, and On-Premise) By Enterprise Size (Large Enterprises, Small and Medium-Sized Enterprises (SMEs)), By Application (Supply Chain Analytic Applications, CRM Analytic Applications, Financial Performance), By End-User (IT and Telecommunications, BFSI, Healthcare), and Regional Forecast, 2020-2027
Referral Marketing Software Market Size, Share & COVID-19 Impact Analysis, By Deployment (Cloud and On-Premises), By Enterprise Size (Small & Medium Enterprises, and Large Enterprises), By End-user (BFSI, Retail, E-Commerce, Education, Hospitality, And Others), and Regional Forecast, 2020-2027
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd