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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. 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. Totals sales and revenue records of each region. Cloud Storage Services Market Report Coverage: Key Growth Factors & Challenges, Segmentation & Regional Outlook, Top Industry Trends & Opportunities, Competition Analysis, COVID-19 Impact Analysis & Projected Recovery, and Market Sizing & Forecast. It offers the regional analysis of Global Consumer Cloud Storage Services Market along with the business profiles of several stakeholders. The global cloud storage market size stood at USD 49.13 billion in 2019 and is projected to reach USD 297.54 billion by 2027, exhibiting a CAGR of 25.3% during 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. 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 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. 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. 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. The power and also business manufacturing of the significant manufacturers has been mentioned with the technical data. 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. Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities. 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 are cited in the report. Some of the prominent players in the region through research and development have been able to further the technology. This has resulted in a massive surge in the generation of data which is propelling such institutions to have cloud storage in place. What are the key factors driving the Global Consumer Cloud Storage Services Market? A recent market research report added to repository of Credible Markets is an in-depth analysis of “Global Cloud Storage Services 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. Consumer Cloud Storage Services Market Overview, Global Consumer Cloud Storage Services Production, Revenue, Price Trend by Type, Global Consumer Cloud Storage Services Market Analysis by Applications, Company Profiles and Key Figures in Consumer Cloud Storage Services Business, Consumer Cloud Storage Services Manufacturing Cost Analysis, Marketing Channel, Distributors, and Customers, Global Consumer Cloud Storage Services Market Forecast. is a hub for market intelligence products and services. What will be the market size and growth rate in the forecast year? 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 is expected to boost the cloud storage market’s growth over the forecast period. This report is a valuable asset for the existing players, new entrants, and future investors. Request Sample Copy of this Report @ https://www.aeresearch.net/request-sample/265966. 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 … Gartner projects global public cloud revenue will grow 17% in 2020 to $266.4 billion. Market Study Report, LLC. This in itself is indicative of the fact of banking institutions could need solutions like cloud storage to handle such amounts of data. Basic business information, along with product portfolio comprising detailed specifications and top applications. 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 of the curve. 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. 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. Cloud Storage Market Size, Share - Growth, Trends, and Forecast (2020 ... 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