Cloud Storage Market was valued at US$ 92.26 Bn. in 2023 and the total Cloud Storage revenue is expected to grow at 17.4% from 2024 to 2030, reaching nearly US$ 283.60 Bn.
Cloud Storage Market Overview:
The Cloud Storage market study can be tailored to include pricing trend analysis of target brands, market insights for other countries, clinical trial results data, literature research, refurbished market and product base analysis, and more. Competitive analysis can range from technology-based research to market portfolio strategies. We can provide data on as many competitors as needed, in the format and type of your choice. Our analysts can also deliver data in raw excel files, pivot tables, or assist in creating presentations based on the report’s data sets.
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Cloud Storage Market Scope:
The Cloud Storage market study provides insights into each of the top end users, with yearly estimates through 2030. The study forecasts global market revenue, sales, and growth rates, including forecasts for product, application, and geographic sectors. These forecasts help individuals understand the industry’s prospects and opportunities.
Cloud Storage Market Drivers:
The COVID-19 pandemic has significantly boosted the work-from-home trend, compelling companies to focus on maintaining business continuity, handling increased workloads, and enhancing collaboration. Cloud data storage has become essential, enabling businesses to streamline employee collaboration and file sharing via cloud drives, while also ensuring constant access to data and resources. According to LogicMonitor’s 2020 Cloud 2025 report, over 85% of global IT decision-makers believe the pandemic accelerated cloud migration for most enterprises worldwide. The United States, Canada, and the United Kingdom are expected to lead this migration, as indicated by a survey. Many cloud storage companies depend on file hosting and sharing services provided by major players like Microsoft, Oracle, Google, pCloud, Dropbox, and Box, although a few key competitors dominate the market.
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Cloud Storage Market Segmentation:
by Component
Solutions
Services
by Application
Primary Storage
Backup and Disaster Recovery
Archiving
by Deployment Type
Public
Private
Hybrid
by Vertical
BFSI
IT and ITeS
Telecommunications
Healthcare and Life Sciences
Media and Entertainment
Consumer Goods and Retail
Manufacturing
Government and Public Sector
Energy and Utilities
Others
Cloud Storage Market Key Players:
The competitive landscape of the Cloud Storage market provides information on competitors, including business overviews, financials, revenue generated, market potential, R&D investment, new market efforts, global presence, production sites and facilities, production capacity, corporate strengths and weaknesses, product introduction, product width, and breadth, and application dominance. The data points relate to businesses focused on the Cloud Storage industry. Key players include:
1. Amazon Web Services, Inc (US)
2. Google (US)
3. Microsoft (US)
4. IBM (US)
5. Wasabi (US)
6. Oracle (US)
7. Rackspace Technology (US)
8. Hewlett Packard Enterprise (US)
9. Dell Technologies (US)
10. Dropbox (US)
11. VMware (US)
12. NetApp (US)
13. Hitachi Vantara (US)
14. Scality (US)
15. Citrix (US)
16. DigitalOcean (US)
17. Zadara (US)
18. Cisco Systems, Inc. (US)
19. Data direct Networks (US)
20. MongoDB, Inc. (US)
21. Alibaba Cloud (China)
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Cloud Storage Market Regional Analysis:
The regional segment of the Cloud Storage market analysis includes individual market influencing factors and changes in market regulations affecting current and future trends. Key variables for forecasting market conditions in specific countries include consumption volumes, production sites and volumes, import-export analysis, price trend analysis, raw material prices, and downstream and upstream value chain analysis. Forecast analysis also considers the presence and availability of global brands, challenges from local and domestic brands, and the impact of domestic tariffs and trade channels.
COVID-19 Impact Analysis on Cloud Storage Market:
The report includes a comprehensive analysis of the impact of Covid-19 on the [Market Name] Market. The World Health Organization has designated Covid-19 a global health emergency due to its impact on thousands of patients worldwide. The Coronavirus disease affects various segments of the [Market Name] Market.
Key Questions Answered in the Cloud Storage Market Report:
- What are the crucial factors aiding the Cloud Storage market growth?
- Which region has the maximum share in the Cloud Storage market?
- What will be the CAGR of the Cloud Storage market during the forecast period (2024-2030)?
- Which segment emerged as the leading segment in the Cloud Storage market?
- Who are the main players in the Cloud Storage market?
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