This report is a valuable asset for the existing players, new entrants, and future investors. A recent market research report added to repository of Credible Markets is an in-depth analysis of “Global Cloud Storage Services Market… Click here. Regional segmentation: North America, Europe, Asia-Pacific, South America, Middle East & Africa, South East Asia. 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 The global cloud storage services market size is expected to grow by USD 73.21 billion during 2020-2024, according to Technavio. Market Study Report, LLC. Moreover, cheap and secure storage options result in rapid industrial development. This report focuses on the global Consumer Cloud Storage Services status, future forecast, growth opportunity, key market and key players. In the United States IT sector, it was estimated that in the past three years, BYOD adoption witnessed an increase of 44.42%. As Financial services organizations worldwide in order to store and retain large volumes of communications are under increasing pressure from MiFID II, MAR, Dodd-Frank and FX Code of Conduct as regulations mandate recording of greater numbers of regulated users, asset classes, channels & devices. According to RightScale 2018 State of the Cloud Survey Report, 81% of enterprises have a multi-cloud strategy and 51% of the enterprises with a hybrid strategy. It helps in understanding the major key product segments. 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. Complete Market Research, Market Analysis, CAGR, Trends, Major Players, Market Share, Market Size. Their ability to continually innovate their offerings has allowed them to gain a competitive advantage over others. © 2020 aeresearch.net. The Global Cloud Storage Market is expected to reach USD 170.02 billion by 2025, at a CAGR of 24.74% during the forecast period 2020-2025. are cited in the report. What are the key factors driving the Global Consumer Cloud Storage Services Market? The cloud data storage services are paid on a per-consumption, and monthly rate. Details regarding consumption value and volume of each applications. 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. Examination of the competitive hierarchy based on market concentration ratio of the listed companies. © 2020. In July 2019 - IBM announced major upgrades to its IBM Spectrum Discover unified metadata management, Cloud Object Storage, Spectrum Plus data protection and VersaStack converged infrastructure platform with an eye on the cloud and modern workloads. This in itself is indicative of the fact of banking institutions could need solutions like cloud storage to handle such amounts of data. 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. For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies. This is expected to boost the cloud storage market’s growth over the forecast period. 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. One of the highest-growth secular tech trends of the 2020s will be cloud computing. Cloud Storage Market Size, Share - Growth, Trends, and Forecast (2020 ... Increasing demand for low-cost data backup, storage, and protection across all enterprises, coupled with the necessity to handle data generated by augmented usage of mobile technologies, favors the rate of adoption of cloud storage. 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. What are the trending factors influencing the market shares? This also is expected to boost the adoption of the cloud storage over the forecast period. The power and also business manufacturing of the significant manufacturers has been mentioned with the technical data. Annual growth rate of each regional market over the estimated timeframe. The increasing volume of data being uploaded on the servers of the enterprises has resulted in the need for high-end security, SSL, well-defined sharing, along with cost-effective options within the organization.For instance, on an average of approximately 60 million photos are uploaded daily by Instagram users, globally, and is rapidly increasing, owing to the company’s new policy associated with multiple uploads. This statistic shows the market share of the leading cloud infrastructure service providers from 2017 to 2020. The study provides historical market data with the revenue predictions and forecast from 2020 to 2026. Moreover, it suggests strategies to tackle the challenges and threats plaguing the business sphere. Application spectrum: Adults and Teenagers. 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. JPMorgan Chase in its 2018 annual report stated that the company had hit average mobile customers mark of 33.3 million, a number that was by 11% with Total active digital customers being 49.3 million. Global Consumer Cloud Storage Services Market Size, Share, Growth Survey 2020 to 2026 and Industry Analysis Report, https://www.aeresearch.net/request-sample/265966, https://www.aeresearch.net/request-for-customization/265966, Product types: Below 18 Years, 18-40 Years and Above 40 Years. Insights pertaining to manufacturing plants of the manufacturers and their base-of-operations across the various geographies. Hence, with the growing number of mobile workers in organizations and workplaces, there has been a subsequent rise in the data generated and managed. We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place. Sep 24, 2020 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry." Report scope can be customized per your requirements. 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. 2017 to 2020 impact of the 2020s will be cloud computing leading cloud infrastructure service providers from 2017 2020! 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