Cloud Storage Market Size, Revenue Growth Factors & Trends, Key Player Strategy Analysis, 2030

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Cloud Storage Market Size Worth USD 494.66
Billion in 2030
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Need for quick access to data for remote
workforce efficiency is a key factor driving
cloud storage market revenue growth
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Our Model
Market Analysis
Financial Analysis
Distribution Channel Analysis
Brand Analysis
Custom Market Intelligence
Competitor Analysis
Product Analysis
Custom Research
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Demand Analysis
Risk Analysis
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Business Plan Parameters
End Use Analysis
Demand Availability Analytics
Market Entry Strategy
Restructuring Revival
New Product Strategy
Product Planning / Strategy
SWOT Analysis
Marketing / Distribution Channel Feasibility
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Customer Identification Survey
Competitive Landscape / MA Feasibility
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Industries We Cater to
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Market Summary
The global Cloud Storage Market size reached USD
70.35 Billion in 2021 and is expected to register
a revenue CAGR of 24.3 during the forecast
period, according to latest analysis by Emergen
Research. Rising demand for quick access to data
for remote workforce efficiency and rapid
adoption of digitalization are key factors
driving market revenue growth. Cloud storage
enables effective outsourcing storage needs to
business owing to reduction of expenses of
internal resources, servers, and hard drives.
Moreover, automatic synchronization and easy
accessibility are other key factors driving
demand for cloud storage solutions. Rising demand
for cloud storage solutions is also leading to
effective data and file management including ease
of sharing and collaboration, backup provision,
and the capacity to store data for extended
durations. Faster build and flexible
deployments in addition to easy recovery in the
event of hard drive failure or any malfunction
are key factors driving revenue growth of the
market. According to the 2020 Data Attack Surface
Report, over 100 zettabytes (a billion terabytes)
of data would be stored on the cloud by 2025. In
2021, cloud data centers will process around 94
of all workloads. Read More https//www.emergen
research.com/industry-report/cloud-storage-market
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Market Summary
Some Key Highlights From the Report The storage
segment includes sub-segmented such as file
storage, object storage, and block storage. The
storage segment accounted for a significantly
robust revenue share in 2021 owing to high demand
for reliable storage and easy access along with
rapidly increasing data volumes across various
enterprises and sectors. Rising demand for cloud
storage for improved collaboration and
productivity for effective management,
particularly after COVID-19 pandemic, which has
resulted in greater storage capacity for remote
workers. Banking, Financial Services and
Insurance (BFSI) segment accounted for a
significantly large revenue share in 2021. Rapid
digitalization and use of e-wallet, netbanking,
and digital payments among others are key factors
driving revenue growth of the segment owing to
high requirement of secure storage models. Rising
need for financial institutions to make
data-driven decisions to gain a competitive edge
requires implementation of smarter business
platforms that are flexible, adaptive, and
scalable. Cloud storage market in North America
accounted for largest revenue share in 2021.
Presence of major cloud service providers in
addition to increasing number of data centers
with rapid adoption of advanced technologies and
smart home devices are some of the key factors
driving revenue growth of market in region.
Moreover, risings use of video streaming
services, and digital payments are increasing
demand for cloud storage solutions. Request Free
Sample _at_ https//www.emergenresearch.com/request-s
ample/1152
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Market Summary
Emergen Research has segmented global cloud
storage market on the basis of component,
deployment type, industry, and region Component
Outlook (Revenue, USD Billion 2019-2030) Storage
Services Deployment Type Outlook (Revenue, USD
Billion 2019-2030) Hybrid Private Public Industr
y Outlook (Revenue, USD Billion
2019-2030) Banking, Financial Services and
Insurance (BFSI) Government Retail IT
Telecommunications Manufacturing Healthcare    
                           Request customization
_at_ https//www.emergenresearch.com/request-for-cust
omization/1152
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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2028
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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