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Cloud Storage Market by Type, Deployment Model, Organization Size, Vertical And Region - Global Forecast to 2022

Cloud Storage Market: Global Forecast until 2022

  • February 2018
  • 116 pages
  • ID: 4141095
In this report:
The managed services segment is expected to grow from USD ##,##.## million in 2017 to USD ##,##.## million by 2022, at the highest CAGR of ##.##% during the forecast period.
The telecommunications and ITES vertical is expected to grow from USD ##.## billion in 2017 to USD ##.## billion by 2022, at a CAGR of ##.##% during the forecast period.

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Cloud compliance requirements, enforcing mobility, and uninterrupted business continuity are forecast to steer the cloud storage market

The cloud storage market size is forecasted to grow from ~$30.7B in 2017 to ~$88.9B by 2022, at a Compound Annual Increase rate of 23.70 percent during the forecast period. The industry demand for cloud storage is influenced by many factors, including growing adoption of hybrid cloud storage; increasing need for enterprise mobility for improved efficiency; significant increase in Internet of Things ; and need for lower Capital Expenditure and Operational Expenditure. Nevertheless, the sector would face some restraints, as not all enterprise services are supported in the cloud, and also due to strict government rules and regulations, and fear of vendor lock-ins

Data archiving solution type is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period

Data archiving solutions offer long-term data storage together with data retention, security, policy regulation, and compliance fulfillment. They assist firms in reducing the global primary storage consumption and costs while moving the inactive data to a separate storage at the same time. Data archiving solutions enable companies to identify and move the inactive data to a separate storage system for future reference or sometimes for regulatory compliance

Managed services segment is anticipated to record the quickest rise rate during the estimate period

Managed services help firms focus on their core business, service quality, and end-user experience while delivering optimized and quality IT services through third-party providers, known as Managed Service Providers. MSPs help companies by providing IT resources, including servers, networks, and specialized applications, under a delivery agreement. The adoption of managed services has resulted in increased productivity and reduced deployment time.

North America continent is intended to hold the largest part of market share, and Asia-Pac to grow at the quickest rate

North America (NA) is forecasted to hold the biggest market share during the outlook period, as institutions are shifting toward cloud storage solutions and services, with an rising adoption of digital business strategies. Moreover, institutions have invested heavily in advanced technologies to benefit a challenging advantage and improve business operations.

Asia Pacific (APAC) is anticipated to be the quickest-increasing area in the overall cloud storage market. The top reasons for the high increase rate in Asia-Pacific contain the positive economic outlook in the territory, rised spending on Information Technology infrastructure, and the tendency of cloud storage solutions and services to drive customer experience and improve operations.

The break-up profiles of primary participants are given below:

• By Organization: Tier 1 - 43.0 percent, Tier 2 - 35.0 percent, and Tier 3 - 22.0 percent

• By Description: C-suite - 60.0 percent, D-level - 25.0 percent, and Others - 15.0 percent

• By Area: North America continent - 44.0 percent, Europe (EU) - 25.0 percent, Asia-Pac - 21.0 percent, and rest of the world - 10.0 percent

Segment Research

The cloud storage market has been broken down by type (solutions and services), deployment model, organization size, vertical, and area. An in-depth study of the top industry actors has been done to furnish key aspects into their business overviews; services; top strategies; new service launches; alliances, strategic agreements, and collaborations; business expansions; and opposing landscape combined with the cloud storage market.

The market research will facilitate the market top players/new sector entrants in this sector in these ways:

• This document breaks down the cloud storage market comprehensively and offers the closest approximations of revenue numbers for the global market and the sub-segments across localities.

• this business report benefits partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

• this business report benefits partners in better understanding the players and gaining additional insights to better their rank in the business sector. The competitive outlook section includes the vendor comparison of the top market actors in the cloud storage market.

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