Global Cloud storage report from Global Insight Services is the single authoritative source of intelligence on Cloud storage market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Cloud storage is a service that allows users to save files online so that they can be accessed from any internet-connected device. The files are stored on servers that are owned and operated by the cloud storage provider, and users can access their files via a web interface or a mobile app. Cloud storage is convenient for users because it allows them to access their files from anywhere, and it is also more secure than storing files on a local hard drive because the files are stored in a remote location and are backed up by the cloud storage provider.
Key Trends
There are four key trends in cloud storage technology:
1. Increased use of object storage: Object storage is a type of data storage that stores data as objects, with each object consisting of a data file and its associated metadata. Object storage is becoming increasingly popular for storing data in the cloud, as it is more scalable and easier to manage than traditional file storage systems.
2. Increased use of file-based storage: File-based storage systems store data as files, with each file being stored on a separate server. File-based storage is becoming increasingly popular for storing data in the cloud, as it is more scalable and easier to manage than traditional block storage systems.
3. Increased use of cloud-native storage: Cloud-native storage is a type of storage that is designed specifically for use in the cloud. Cloud-native storage is more scalable and easier to manage than traditional storage systems, and it is becoming increasingly popular for storing data in the cloud.
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Market Segments
The Cloud Storage Market is segmented into component, deployment mode, user type, and region. Depending on component, it is bifurcated into solution and services. On the basis of deployment mode, it is classified into private, public, and hybrid. The user type segment includes large enterprises, and small & medium size enterprises. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the World.
Key Players
The Cloud Storage Market report includes players such as Alibaba Group Holding Limited, Amazon Web Services, Cisco Systems, Inc., Dell Technologies Inc., Google LLC, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation and Rackspace Hosting, Inc.
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Key Drivers
There are several key drivers of the cloud storage market. One of the most important drivers is the increasing demand for storage capacity. With the growth of digital content, more businesses and individuals are needing to store large amounts of data. Cloud storage provides a scalable and flexible solution to this problem.
Another key driver is the need for data backup and disaster recovery. Cloud storage can provide a reliable and cost-effective way to store critical data off-site. This can be especially important for businesses that cannot afford to lose data due to a natural disaster or other catastrophic event.
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