Cloud Storage Market By Solution (Primary Storage, Disaster Recovery and Backup Storage, Cloud Storage Gateway, Data Archiving), By Service (Training and Consulting, Cloud Integration and Migration Services, Support and Maintenance, Managed Services), By Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), By Organization Size (Small and Medium Enterprises, Large Enterprises), Industry Trends, Estimation & Forecast, 2017 - 2025

Cloud storage can be defined as a data storage service in which data is stored on remote servers accessed from the internet, and thus called “Cloud Storage”. High operational efficiency, acceptance of standard interface, improved data protection, and security are key features which create the demand for cloud storage in data storage market across the globe. The lack of high bandwidth is one of the biggest disadvantages of the cloud storage. Technological advancement in telecommunication and IT sector are expected to overcome the hurdles for implementation of cloud storage across the globe.

Market Dynamics

Increasing adoption of cloud storage across a number of industry verticals owing to its advantages such as, low-cost implementation and improved efficiency is expected to boost the market for greater growth in near future. Easy deployment of cloud storage services & solutions and evolving adoption of hybrid cloud storage solution will further fuel the growth of global cloud storage market. However, security & privacy of data and lack of sufficient IT infrastructure in underdeveloped nations are key factors restraining the growth of global cloud storage market. Increasing penetration of wireless communication & mobile technology and evolving need of big data storage are the prime opportunities available for the global cloud storage market. The stiff competition among the market vendors is supposed to be a challenge for cloud storage across the globe.

Cloud storage Market Segmentation

By Solution  • Primary Storage • Disaster Recovery and Backup Storage • Cloud Storage Gateway • Data Archiving By Service  • Training and Consulting • Cloud Integration and Migration Services • Support and Maintenance • Managed Services By Deployment Model  • Public Cloud • Private Cloud • Hybrid Cloud By Organization Size  • Small and Medium Enterprises (SMES) • Large Enterprises By End User • Banking, financial services, and insurance (BFSI) • Government and education • Healthcare • Telecom and it • Retail • Manufacturing • Media and entertainment • Others (business service providers, energy and utilities, transportation, and construction) By Geography • North America • Europe • LAMEA • Asia-Pacific