Cloud storage market is Touted to Rise by $97,415 Million, Globally, by 2022

1. Opportunity Analysis and Industry Forecast, 2016-2023 Cloud Storage Market Global Opportunity Analysis and Industry Forecast, 2014-2022

2. Introduction • Cloud Storage Market is expected to reach $97,415 million by 2022, growing at a CAGR of 24.8% from 2016 to 2022 • Cloud provides easy access to data and security to all user types including large and small and medium enterprises. • The hybrid deployment mode was the highest contributor in 2015, accounting for around 64.8% of the global market • Cloud storage adoption is expected to witness high growth rate, owing to primary consideration of data storage, document management, storage security, public portal management, and many other application needs • North America was the largest market in cloud storage industry for 2015 owing to increase in demand for low cost data storage and faster data accessibility.

3. Key Factors of the Market • Cloud storage is a complete solution package offered by cloud storage providers such as Amazon Web Service, Inc., IBM Corporation, VMware, Inc., and many others to maintain, manage, and store all kind of data in a private or public data center, which is accessible through the Internet from multiple locations. • Growth in demand for low cost data storage, backup, and data protection augments the growth of the cloud storage market among several user groups including small, medium, and large enterprises.  • Growth in demand for hybrid cloud storage majorly drives the market in the region. • Improved customer support, enhanced business continuity, and replacement of conventional IT infrastructure are expected to create adequate space for cloud storage market growth among SMEs in the global regions

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5. Key Findings of the Market • Hybrid deployment mode accounted for the highest share of the cloud storage market in 2015, growing at a CAGR of 26.6%. • North America generated the highest revenue in 2015, valued at $7,529 million. • Asia-Pacific dominated the market in terms of growth during the forecast period. • The U.S. was leading in terms of cloud storage market in 2015. In addition, Canada, China, Australia, South Korea, and other emerging markets are projected to provide significant opportunities for major players.

6. Market Segmentation • By Component • Software • Services • By Deployment Mode • Private • Public • Hybrid • By User Type • BFSI • Government & Education • Healthcare • Telecom & IT • Retail • Manufacturing • Media & Entertainment • Others (Business service providers, energy &utilities, transportation, and construction) • By User Type • Large Enterprises • Small & Medium Enterprises

7. Market Segmentation

8. Key Players of the Market • Amazon Web Services, Inc. • Microsoft Corporation • IBM Corporation • Hewlett Packard Enterprise Development LP • Google Inc. • VMware, Inc. • Oracle Corporation • EMC Corporation • Rackspace Hosting, Inc. • Red Hat, Inc. • For purchase enquiry, visit @ https://www.alliedmarketresearch.com/purchase-enquiry/2141

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