Worldwide Industry for Cloud Storage to 2025 - Players Include AWS, Google and Microsoft Among Others
DUBLIN, Oct. 22, 2020 /PRNewswire/ -- The "Global Cloud Storage Market by Component (Solutions, Services), Application (Primary Storage, Backup & Disaster Recovery, Archiving), Deployment Type (Public Cloud & Private Cloud), Organization Size, Vertical and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global cloud storage market is projected to grow from USD 50.1 billion in 2020 to USD 137.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.3% during the forecast period.
The need for achieving scalability and flexibility while significantly reducing data storage infrastructure costs to drive the growth of cloud storage market
The cloud storage market is expected to grow at a fast pace, owing to the growing data volumes across enterprises, rising need for providing the remote workforce with ubiquitous access to data and files, and cost-saving and low Total Cost of Ownership (TCO) benefits of cloud storage solutions.
Solutions segment to hold a larger market size in 2020
The solutions segment is projected to contribute majorly to the market, while the services segment is projected to witness a higher growth rate during the forecast period. This growth these segments are supported by the rising transition of enterprises from hardware based storage to cloud environments for 24X7 access, cost efficiency, and scalability along with the rising demand for data backup and disaster recovery solutions.
By vertical, Banking, Financial Services, and Insurance (BFSI) industry to register the largest market size during the forecast period
The BFSI vertical is expected to hold the largest market size in the cloud storage market. With rising volumes of data across the BFSI vertical, the need to improve the operational efficiency, productivity, and security while efficiently storing and managing the data has increased drastically. As a result, organizations are keen to implement scalable and flexible storage solutions.
Middle East & Africa (MEA) to register the highest growth rate during the forecast period
Springing businesses, increasing demand for low cost and flexible data storage options, and growing technology assimilation combined with growing focus of government agencies on digital transformation have allured many cloud storage providers to expand in MEA, with which the demand of cloud storage solutions is expected to rise in the region. The major countries to witness high growth rates in this region include Kingdom of Saudi Arabia (KSA), South Africa, and United Arab Emiraes (UAE) among others.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Market Opportunities in the Cloud Storage Market 4.2 Market: Major Segments 4.3 North America Market, by Vertical and Country 4.4 Market: Major Countries
5 Market Overview and Industry Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Growing Data Volumes Across Enterprises 5.2.1.2 Growing Need to Provide the Remote Workforce With Ubiquitous Access to Data and Files 5.2.1.3 Cost Saving and Low TCO Benefits 5.2.2 Restraints 5.2.2.1 Lifetime Storage and Egress Costs Associated With Public Cloud Environments 5.2.2.2 Latency and Network Outage Issues Associated With Public Cloud Environments 5.2.3 Opportunities 5.2.3.1 Emergence of Distributed Storage Arrays 5.2.3.2 Infusion of AI to Achieve Data Integrity 5.2.3.3 Rise of Containerization 5.2.4 Challenges 5.2.4.1 Data Privacy and Security Concerns 5.3 Impact of COVID-19 on Cloud Storage Market 5.4 Ecosystem 5.5 Value Chain Analysis 5.6 Technology Analysis 5.6.1 Artificial Intelligence 5.6.2 Containerization 5.7 Patent Analysis 5.8 Pricing Analysis 5.9 Regulatory Implications and Industry Standards 5.10 Case Study Analysis
6 Cloud Storage Market, by Component 6.1 Introduction 6.1.1 Component: Market Drivers 6.1.2 Component: COVID-19 Impact 6.2 Solutions 6.2.1 Object Storage 6.2.2 Block Storage 6.2.3 File Storage 6.3 Services 6.3.1 Consulting 6.3.2 Integration and Implementation 6.3.3 Training, Support, and Maintenance 6.3.4 Managed Services
7 Cloud Storage Market, by Application 7.1 Introduction 7.1.1 Application: Market Drivers 7.1.2 Application: COVID-19 Impact 7.2 Primary Storage 7.3 Backup and Disaster Recovery 7.4 Archiving
8 Cloud Storage Market, by Organization Size 8.1 Introduction 8.1.1 Organization Size: Market Drivers 8.1.2 Organization Size: COVID-19 8.2 Small and Medium-Sized Enterprises 8.3 Large Enterprises
9 Cloud Storage Market, by Deployment Type 9.1 Introduction 9.1.1 Deployment Type: Market Drivers 9.1.2 Deployment Type: COVID-19 Impact on Market 9.2 Public Cloud 9.3 Private Cloud
10 Cloud Storage Market, by Vertical 10.1 Introduction 10.1.1 Vertical: Market Drivers 10.1.2 Vertical: COVID-19 Impact 10.2 Banking, Financial Services, and Insurance 10.3 It and Information Technology Enabled Services 10.4 Telecommunications 10.5 Healthcare and Life Sciences 10.6 Media and Entertainment 10.7 Consumer Goods and Retail 10.8 Manufacturing 10.9 Government and Public Sector 10.10 Energy and Utilities 10.11 Other Verticals
11 Cloud Storage Market, by Region 11.1 Introduction 11.2 North America 11.3 Europe 11.4 Asia-Pacific 11.5 Middle East and Africa 11.6 Latin America
12 Competitive Landscape 12.1 Overview 12.2 Market Evaluation Framework 12.3 Market Share of Top Players 12.4 Revenue Analysis of Top Players 12.5 Key Market Developments 12.5.1 Product/Solution Launches and Enhancements 12.5.2 Business Expansions 12.5.3 Acquisitions 12.5.4 Partnerships, Agreements, and Collaborations
13 Company Evaluation Matrix and Company Profiles 13.1 Introduction 13.2 Company Evaluation Matrix Definitions and Methodology 13.2.1 Stars 13.2.2 Emerging Leaders 13.2.3 Pervasive 13.2.4 Others 13.3 Cloud Storage Company Evaluation Matrix, 2019 13.4 Company Profiles 13.4.1 AWS 13.4.2 Google 13.4.3 Microsoft 13.4.4 IBM 13.4.5 Alibaba Cloud 13.4.6 Oracle 13.4.7 Rackspace Technology 13.4.8 HPE 13.4.9 Dell Technologies 13.4.10 Huawei 13.4.11 Dropbox 13.4.12 Box 13.4.13 Tencent Cloud 13.4.14 Fujitsu 13.4.15 VMware 13.4.16 Netapp 13.4.17 Hitachi Vantara 13.4.18 Scality 13.4.19 Citrix 13.5 Startup Evaluation Matrix, 2019 13.5.1 Progressive Companies 13.5.2 Responsive Companies 13.5.3 Dynamic Companies 13.5.4 Starting Blocks 13.6 Startup Profiles 13.6.1 UpCloud 13.6.2 DigitalOcean 13.6.3 Vultr 13.6.4 Minio 13.6.5 Zadara 13.6.6 PCloud 13.6.7 Wasabi 13.6.8 Sync 13.6.9 Degoo
14 Adjacent Market
15 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/x3ljay
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