Cloud Storage Market Size, Share, Report, Analysis, Trends & Forecast to 2026

According to Stratistics MRC, the Global Cloud Storage Market is accounted for $34.60 billion in 2017 and is expected to reach $207.05 billion by 2026 growing at a CAGR of 21.9% during the forecast period.

Gaithersburg, Maryland, U.S. - October 4, 2018 /MarketersMedia/ —

Rising need for enterprise mobility to improve the efficiency, enhance in cloud adoption across organizations, significant increase in IoT and increasing demand for managed services are some of the factors driving the market growth. However, factors such as lack of network bandwidth and privacy and security concerns regarding cloud storage are hindering the market growth.

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Cloud storage allows enterprises to store information on remote servers that can be accessed through internet. These remote servers are maintained, operated and managed by cloud storage facility providers. It is mostly a virtual mode of data storage. The data stored on cloud can be accessed and shared across strategy through internet.

Based on End User, Banking, Financial Services, and Insurance (BFSI) segment accounted for significant market share during the forecast period due to highly secured data storage and generation of large data volumes. This can access improved security description through the security tools that attend the cloud storage solutions and services. By geography, North America is held the largest share during the forecast period. North America is a developed market in terms of cloud implementation, due to advanced Information Technology (IT) infrastructure, various factors, presence of a large number of enterprises, such as standards, regulations, and the availability of proficient technical expertise.

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Some of the key players profiled in the Cloud Storage Market include Amazon Web Services, Inc., At&T, Inc., Box, Inc., Dell EMC, Dropbox, Fujitsu Ltd., Google, Hewlett-Packard Company, IBM, Microsoft Corporation, Oracle, Rackspace Hosting, Inc., VMWare, Inc., Alphabet, Inc., EMC Corporation and HP Enterprise Company.

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Deployments Covered:
• Hybrid Cloud
• Private Cloud
• Public Cloud

Organization Sizes Covered:
• Small and Medium Business
• Large Enterprises

Types Covered:
• Service
• Solution

End Users Covered:
• IT and Telecommunications
• Research and Education
• Entertainment and Media
• Manufacturing
• Healthcare & Life Sciences
• Government & Public Sector
• Energy and Utilities
• Consumer Goods and Retail
• Banking, Financial Services, and Insurance
• Travel & Hospitality
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

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Release ID: 417467