BusinessCloud Storage Market Size 2023, Share, Industry Growth, Analysis, Report & Forecast Till 2028Cloud Storage Market Share 2023-2028 By IMARC Group By Chris GreenwaltyDecember 15, 2022 IMARC Group has recently released a new research study “Cloud Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios. What are the growth prospects of the Cloud Storage Industry? The global cloud storage Market size reached US$ 83.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 247.5 Billion by 2028, exhibiting a growth rate (CAGR) of 19.5% during 2023-2028. What is a Cloud Storage? Cloud storage represents a cloud computing model wherein data is stored on remote servers and accessed over the internet or via a dedicated private network connection. It is operated, maintained, and managed by cloud storage service providers. Cloud storage provides protection from theft and natural disasters and instant automatic backup. In addition to this, it reduces costs for maintenance and management of the servers. Furthermore, it delivers a cost-effective and scalable alternative to store files on on-premises hard drives or storage networks. Consequently, cloud storage finds extensive applications in various industries, such as manufacturing, telecommunications, media and entertainment, information technology (IT), etc., across the globe. Impact of COVID-19: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. Request and get a sample brochure for free:https://www.imarcgroup.com/cloud-storage-market/requestsample What are the major market drivers in the cloud storage market? The emerging trend of automation is primarily driving the cloud storage market. Additionally, the growing utilization of serverless cloud that does not need leasing servers or paying for fixed amounts of storage and bandwidth is also catalyzing the market growth. Besides this, the expanding banking, financial services and insurance (BFSI) sector is acting as another significant growth-inducing factor. Moreover, the escalating demand for cloud storage solutions that offer real-time backup of medical information by allowing healthcare providers to quickly restore the data in the event of power loss, hardware failure, data breaches ensuring minimal disruption or interruption to patient care, etc., is augmenting the global market. Apart from this, the rising adoption of the remote working model, on account of the sudden outbreak of the COVID-19 pandemic, is anticipated to fuel the cloud storage market over the forecasted period. Who are the leading players in the Cloud Storage Market ? Alibaba Group Holding Limited, Amazon Web Services Inc. (Amazon.com Inc.), Dell Technologies Inc., Dropbox Inc., Google LLC (Alphabet Inc.), Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., International Business Machines Corporation, Microsoft Corporation, NetApp Inc., Oracle Corporation and VMware Inc (Broadcom Inc.). Cloud Storage Market Report Scope Report Coverage Details Market size value in 2021 US$ 83.7 Billion Market forecast in 2027 US$ 6.77 Billion Growth Rate CAGR of 19.5% from 2023 to 2028 Base year for estimation 2022 Historical data 2017-2022 Forecast period 2023-2028 Report coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends Segments covered Component, Deployment Type, User Type and Industry Vertical Regional scope Asia Pacific, Europe, North America, Latin America, Middle East and Africa Key companies profiled Alibaba Group Holding Limited, Amazon Web Services Inc. (Amazon.com Inc.), Dell Technologies Inc., Dropbox Inc., Google LLC (Alphabet Inc.), Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., International Business Machines Corporation, Microsoft Corporation, NetApp Inc., Oracle Corporation and VMware Inc (Broadcom Inc.). Market Dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Report Segmentation: The report has been segmented the market into followingcategories: Breakup by Component: Solution Services Breakup by Deployment Type: Private Public Hybrid Breakup by User Type: Large Enterprises Small and Medium-sized Enterprises Breakup by Industry Vertical: BFSI Government and Public Sector Healthcare IT and Telecom Retail Manufacturing Media and Entertainment Others Key highlights of the report: Market Performance (2016-2021) Market Outlook (2022- 2027) Porter’s Five Forces Analysis Market Drivers and Success Factors SWOT Analysis Value Chain Comprehensive Mapping of the Competitive Landscape If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization. About Us: IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. Contact Us: IMARC Services Private Limited. 30 N Gould St Ste R Sheridan, WY 82801 USA – Wyoming Email: Sales@imarcgroup.com Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
