Cloud Storage Market is projected to grow at a CAGR of 19.77% to reach US$184.180 billion in 2026

Cloud Storage Market is projected to grow at a CAGR of 19.77% to reach US$184.180 billion in 2026

By Knowledge Sourcing Intelligence Press Releases

Knowledge Sourcing Intelligence announces the publication of a new report on “Cloud Storage Market - Forecasts from 2019 to 2026” to their offering.

The rising need for cloud storage, as well as the increase in business data, are helping to propel the cloud storage market forward. Due to the cost-effectiveness of cloud storage, companies such as small and mid-sized businesses and large businesses are increasingly requesting cloud services and backing up their critical data. Users are also moving away from the CAPEX model and toward the OPEX model, which is a major element in the market's growth. Cloud storage allows for quicker data access from any place.

As per the report, the market about Cloud storage Market is expected to grow at a steady pace.

Significant transition to hybrid cloud as predominant service models, increased demand for low-cost database management, faster data accessibility, increased cloud adoption across the many industry verticals, security concerns about cloud storage, and expansion in cloud adoption among small and medium enterprises are all important factors that influence the global cloud storage market growth.

Elevated demand for low-cost data storage, faster data accessibility, increased cloud adoption across many industry verticals, security concerns about cloud storage, and expansion in cloud adoption among small and medium enterprises are all major factors determining the global cloud storage market's growth.

Because of the widespread adoption of e-commerce, digital signatures, cybercrime, and other digital services, North America is expected to dominate and hold a larger share of the cloud service market during the forecasted period. However, due to the developing economies' significant contributions in facilitating the region's adoption of cloud-based technologies, such as India and China, and the rise in technology advancement, the region is shifting towards digital transformation.

As a part of the report, the major players operating in the cloud storage market, which have been covered are F Amazon Web Services, Inc., IBM, HP Inc., Google Llc, Microsoft, At&T Intellectual   Property, Rackspace Technology, Box, Cisco, and Fujitsu.

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/cloud-storage-market

The analytical report has bifurcated the Cloud storage market on the following basis:

  • By Solution
    • Primary Storage
    • Backup Storage
    • Cloud Storage Gateway
    • Data Archiving
  • By Services
    • Managed Service
    • Professional Service
  • By Deployment
    • Public Cloud
    • Private Cloud
    • Hybrid Cloud
  • By Enterprise Size
    • Small and Med-Sized Enterprise (SMEs)
    • Large Enterprises
  • By Vertical
    • BFSI
    • Education
    • Communication and Technology
    • Media and Entertainment
    • Manufacturing
    • Energy and Power
    • Government and Public Sector
    • Healthcare and Life Science
    • Retail and Consumer Goods
    • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Others
    • Middle East and Africa
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Others