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AWS has expanded well beyond cloud compute and storage. Some of the prominent players in the region through research and development have been able to further the technology. The top cloud providers for 2019 have maintained their positions, but the themes, strategies, and approaches to the market are all in flux. The cloud enables the bank to synchronize the enterprise; to break down operational and data silos across risk, finance, regulatory, customer support, amongst others and more importantly, it allows such institutions to combine such massive data sets in one place, and can apply advanced analytics for integrated insights. Moreover, cheap and secure storage options result in rapid industrial development. Market Study Report, LLC. Key growth drivers and opportunities that are slated to influence to profitability graph of the industry over the assessment period are highlighted in the report. JPMorgan Chase in its 2018 annual report stated that the company had hit average mobile customers mark of 33.3 million, a number that was by 11% with Total active digital customers being 49.3 million. Moreover, it suggests strategies to tackle the challenges and threats plaguing the business sphere. Which are the global opportunities for expanding the Global Consumer Cloud Storage Services Market? This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. This report covers COVID-19 impact analysis on Cloud Storage Market While free platforms like Dropbox and iCloud continue to excel as the most popular free file storage services, Amazon Web Services appear to be the clear winner according to cloud computing stats in 2020 1. AWS has 32% of the market and generated more revenue than the next three largest combined, Azure is at 19% of the market, Google Cloud at 7%, … Application spectrum: Adults and Teenagers. It helps in understanding the major key product segments. Pricing model, sales graph, returns, and market share of the listed companies. What are the trending factors influencing the market shares? The data which is stored in and is accessible from multiple distributed and connected resources. Software as a Service (SaaS) segment dominated the cloud computing market with a share of over 54% in 2019 owing to its flexible costs, easy maintenance, and deployment. The Best Cloud Storage and File-Sharing Services for 2020. Private Storage Cloud Market - 2019-2025 Market Overview In 2018, the global Private Storage Cloud market size was million US$ and it is expected to … This report focuses on the global Consumer Cloud Storage Services status, future forecast, growth opportunity, key market and key players. Through strategic partnerships, research and developments, and mergers & acquisition these players have been able to gain a greater footprint in the market. In July 2019 - IBM announced major upgrades to its IBM Spectrum Discover unified metadata management, Cloud Object Storage, Spectrum Plus data protection and VersaStack converged infrastructure platform with an eye on the cloud and modern workloads. It offers an analysis of changing competitive scenario. According to a study published by CenturyLink, a telecommunications company, the cloud computing technology is expected to generate revenue of USD 411 billion by 2020, across the world. [240 Pages Report] The global cloud storage market size is projected to grow from USD 50.1 billion in 2020 to USD 137.3 billion by 2025, at a Compound Annual Growth Rate … is a hub for market intelligence products and services. Basic business information, along with product portfolio comprising detailed specifications and top applications. Global Storage as a Service (STaaS) market expected to surge at a whopping CAGR of 16.4% between 2020 and 2030 Demand for STaaS will see an explosion as a third of companies’ IT budget is for cloud services Storage as a Service to be the backbone of companies as cloud computing becomes mainstream with 90% business opting for better solutions Report scope can be customized per your requirements. Cloud storage is based on highly virtualized infrastructure and is like broader cloud computing in terms of interfaces, near-instant elasticity and scalability, multi-tenancy, and metered resources. For instance, in September 2019,  Facilis Technology announced that it had entered into a strategic partnership with Qualstar on Object Cloud storage solution. Growth rate estimates for all product types over the forecast duration. Sep 24, 2020 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry." This report segments the market by Solution (Cloud Storage Gateway, Primary Storage, Backup Storage, Data Archiving), Service (Managed Services, Professional Services), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), End-User, and Geography. The Global Cloud Storage Market is expected to reach USD 170.02 billion by 2025, at a CAGR of 24.74% during the forecast period 2020-2025. Annual growth rate of each regional market over the estimated timeframe. Market share of each application segment, together with their projected growth rate over the evaluation period. The research document has been put together in a manner that aids companies in better understanding the prevailing trends and identifying future growth prospects to make well-informed decisions. Click here. In the latest Consumer Cloud Storage Services market report, numerous aspects pivotal to the industry augmentation in the recent past as well as the key global developments are analyzed to help businesses stay ahead of the curve. The global cloud storage market size stood at USD 49.13 billion in 2019 and is projected to reach USD 297.54 billion by 2027, exhibiting a CAGR of 25.3% during the forecast period. One of the highest-growth secular tech trends of the 2020s will be cloud computing. This also is expected to boost the adoption of the cloud storage over the forecast period. The increasing automation in the fields of aerospace and defense coupled with the necessity to improve storing and sharing data on operations and soldiers over the army cloud is expected to drive the market over the forecast period. 4.2 Introduction to Market Drivers and Restraints, 4.3.1 Increase in Cloud Adoption Across Organizations, 4.3.2 Increase in Demand for Hybrid Cloud, 4.3.3 Growing Demand for Low-cost Storage and Faster Data Accessibility, 4.4.1 Privacy and Security Concerns regarding Cloud Storage, 4.5 Industry Attractiveness - Porter's Five Force Analysis, 4.5.2 Bargaining Power of Buyers/Consumers, 8. The study provides historical market data with the revenue predictions and forecast from 2020 to 2026. are cited in the report. To understand geography trends, Download Sample Report. Some of the prominent players in the market through strategic partnerships, mergers & acquisitions, research & developments have been able to further the technology. This is expected to fuel the demand for cloud storage over the forecast period. the competitive rivalry in the cloud storage market is high owing to the presence of some major players such as Microsoft, IBM, Oracle, amongst others. Insights pertaining to manufacturing plants of the manufacturers and their base-of-operations across the various geographies. The key questions answered in this report: Significant Point Mentioned in the Research report: Major Points Covered in Table of Contents: Request Customization on This Report @ https://www.aeresearch.net/request-for-customization/265966. For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies. Cloud Storage Services Market Report Coverage: Key Growth Factors & Challenges, Segmentation & Regional Outlook, Top Industry Trends & Opportunities, Competition Analysis, COVID-19 Impact Analysis & Projected Recovery, and Market Sizing & Forecast. According to RightScale 2018 State of the Cloud Survey Report, 81% of enterprises have a multi-cloud strategy and 51% of the enterprises with a hybrid strategy. Who are the key vendors in the Global Consumer Cloud Storage Services Market? Cloud storage enables the user to store the data on the Internet through a cloud computing provider that manages and operates data storage as a service. © 2020. Based on the service type, the cloud infrastructure services market is segmented into computing as a service, storage as a service, disaster as a service, networking as a service, desktop as a service and managed hosting. The public cloud deployment model held over 50% of the Europe cloud computing market share in 2018 as this deployment model supports resource sharing by multiple enterprises to … The power and also business manufacturing of the significant manufacturers has been mentioned with the technical data. The increasing volume of data being uploaded on the servers of the enterprises has resulted in the need for high-end security, SSL, well-defined sharing, along with cost-effective options within the organization.For instance, on an average of approximately 60 million photos are uploaded daily by Instagram users, globally, and is rapidly increasing, owing to the company’s new policy associated with multiple uploads. The increasing data breaches in the banking sector is propelling the banks to adopt cloud storage that allows them to store data in a space managed and owned by the bank or a third party that offers better security to the end-user. The cloud data storage services are paid on a per-consumption, and monthly rate. As Financial services organizations worldwide in order to store and retain large volumes of communications are under increasing pressure from MiFID II, MAR, Dodd-Frank and FX Code of Conduct as regulations mandate recording of greater numbers of regulated users, asset classes, channels & devices. This in itself is indicative of the fact of banking institutions could need solutions like cloud storage to handle such amounts of data. All Rights Reserved. GLOBAL CLOUD STORAGE MARKET FORECAST 2019-2027 Cloud Storage Market by Deployment (Public Cloud, Private Cloud) by Organization Size (Large Enterprise, Small Medium Business) by End Users (Banking, Financial Services & Insurance, Telecommunication, Consumer Goods & Retail, Media & Entertainment, Healthcare & Life Sciences, Government & Other End Users) by Solutions ( Primacy Storage… The regional Analysis of Global Consumer cloud storage and File-Sharing Services for 2020 amazon, Microsoft, Sync,,. 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