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Pulished Date February, 2021
ID: 11208
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Asia Pacific Cloud Storage Market - By Type (Solution - Primary Cloud, Disaster Recovery & Backup, Gateway, Data Archiving; Services - Professional, Managed), Deployment Model (Public, Private, Hybrid), Organization Size (Small & Medium Enterprises, Large Enterprises), Vertical (BFSI, IT & Telecom, Retail, Healthcare, Manufacturing, Government & Public Sector, Media & Entertainment) - Forecast to 2026

Pulished: February, 2021
ID: 11208
Pages: 100

Asia Pacific Cloud Storage Market Size & Growth Report

The cloud storage market in Asia-Pacific is estimated to grow the market by 24.2% CAGR during the forecast period (2021-2026).

The growing application of cloud computing and advancements in the hybrid cloud deployment model is expected to enhance the market growth. Some of the other factors, such as increasing internet penetration, growth of IoT, increasing adoption of hybrid cloud storage, and growing need to reduce capital and operating expenses, are expected to improve the market storage in Asia. Pacific Cloud during the forecast period 2021-2026.

The increasing volume of data uploaded to corporate servers has resulted in the need for high-level security, SSL, well-defined sharing, as well as cost-effective options within the organization. For example, on average of around 60 Instagram users upload millions of photos every day worldwide, and this is increasing rapidly due to the new company policy associated with multiple uploads.

Recent Developments

  • In June 2019, the Indian military announced plans to expand its cloud computing network to store and share operational and personal information such as deployments, training movements, and health and service records.
  • In September 2019, Facilis Technology announced that it had entered into a strategic partnership with the storage solution Qualstar on Object Cloud.
  • In February 2018, Google abrió su primera región de Google Cloud Platform (GCP) en Canadá, con precios reducidos para las clases de almacenamiento en frío y acceso poco frecuente de Google Cloud Storage, así como sus funciones Nearline Storage, para los usuarios de the region.
  • In July 2019, IBM announced major updates to its unified management of IBM Spectrum Discover metadata, cloud object storage, Spectrum Plus data protection, and the VersaStack converged infrastructure platform with an eye on the cloud and modern workloads.

Market Growth and Trends

Archive storage to maintain the highest market share among solutions over the forecast period

The growth of the file storage segment is primarily attributed to the growing desire of organizations to improve collaboration and productivity while managing and storing their daily data for any time, anywhere access. File storage solutions are best suited for users' home directories, application development, and media storage, making them an efficient solution for primary storage and archiving.

BFSI Vertical to maintain the largest market size during the forecast period

The BFSI vertical is expected to maintain the largest market size in the cloud storage market. As BFSI companies must manage, recover and protect large volumes of data, they continually adapt various cloud strategies. This continuous migration to multi-cloud environments for better scalability, low latency, and data security drives the need for cloud storage solutions for efficient cloud data management and analysis.

Market Drivers and Limitations:

The major shift to hybrid cloud as primary deployment model, increased demand for low-cost data storage, faster data accessibility, increased adoption of cloud across multiple industry verticals, cloud storage-related security issues, and the growing adoption of the cloud among small and medium-sized businesses are the important factors. That is impacting the growth of the global cloud storage market.

The high price of private cloud and the risk of open threats in public cloud storage among end-users, including banking, healthcare, and government, has created the need for hybrid storage where flexibility is provided to switch between the public and private storage space. Additionally, cloud storage enables faster access to data regardless of data center location. Additionally, cloud storage has a low investment cost, as it does not require a local data center and additional service and maintenance costs. This, in turn, increases market growth.

Market Segmentation Analysis

This report on apac cloud storage market is segmented and sub-segmented into the following categories:

Asia Pacific Cloud Storage Market – By Type

  • Solutions
  • Services

The type of solution includes primary storage, disaster recovery and backup, cloud storage gateway, and data archiving. The type of services includes professional and managed services. 

Depending on the size of the organization, the cloud storage market segments market into small and medium-sized businesses and large enterprises.

Asia Pacific Cloud Storage Market – By Deployment Model

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud 

Asia Pacific Cloud Storage MarketBy Vertical

  • BFSI
  • IT & Telecom
  • Retail
  • Healthcare
  • Manufacturing
  • Government & Public-Sector
  • Media & Entertainment
  • Others 

Regional Analysis:

The Asia Pacific is holding with the highest hares of the market owing to the rapid adoption of the latest technologies. India and China are the major contributors to market growth. Increasing population and prominence to develop innovative technologies are greatly influencing the demand of the market. With the growing investments in the R&D activities in the IT sector, the demand for the cloud storage market in the Asia Pacific is growing at a higher rate. Japan is next in leading the dominant shares of the market in the Asia Pacific. The launch of innovative products and creating awareness through digital platforms are escalating the growth rate of the cloud storage market. 

Key market players:

The major players covered in the Asia Pacific Cloud Storage Market Report are Amazon Web Services, Inc., Apple Inc, IBM Corporation, Microsoft Corporation, Oracle, Salesforce.com, inc., VMware, Inc, RACKSPACE US, INC., HP Development Company, LP, Google, FUJITSU, Dell, Inc., Cisco Systems, among other national and global players. Market share data is available separately for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America. DBMR analysts understand competitive forces and provide competitive analysis for each competitor separately.

COVID impact on Asia Pacific Cloud Storage Market

With global lockdowns, business continuity challenges, and growing trends in working from home, COVID-19 has forced organizations to move to cloud environments to deal with the crisis and facilitate daily data access, sharing, and working collaboration with their geographically dispersed teams. The proliferation of the cloud transition has further boosted the adoption of cloud storage solutions in enterprises to ensure business continuity, run their workloads, and store their data. Additionally, the demand for services including consulting, training, support and maintenance, integration, and deployment is also increasing as more companies move their workloads to the cloud due to its benefits of scalability, flexibility, and ubiquitous availability.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Cloud Storage Market, By Type                         

                                6.1.1 Solutions  

                                6.1.2 Services    

                                6.1.3 Market Size Estimations & Forecasts (2020 - 2025)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Cloud Storage Market, By Deployment Model                            

                                6.2.1 Public Cloud            

                                6.2.2 Private Cloud         

                                6.2.3 Hybrid Cloud          

                                6.2.4 Market Size Estimations & Forecasts (2020 - 2025)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

                6.3 Cloud Storage Market, By Vertical

                                6.3.1 BFSI

                                6.3.2 IT & Telecom

                                6.3.3 Retail               

                                6.3.4 Healthcare   

                                6.3.5 Manufacturing

                                6.3.6 Government & Public-Sector

                                6.3.7 Media & Entertainment

                                6.3.7 Others

7. Regional Landscape                                         

                7.1 Regional Identity Governance and Administration Market, by Country

                7.2 Asia Pacific                  

                                7.2.1 By Country              

                                                7.2.1.1 China

                                                7.2.1.2 India

                                                7.2.1.3 Japan

                                                7.2.1.4 South Korea

                                                7.2.1.5 South East Asia

                                                7.2.1.6 Australia & NZ

                                                7.2.1.7 Rest of Asia-Pacific

                                7.2.2 By Type    

                                7.2.3 By Deployment Model       

                                7.2.4 By Organization Size            

8. Key Player Analysis                                    

                8.1 AWS                              

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Apple INC

                8.3 IBM                   

                8.4 Google                         

                8.5 Oracle                           

                8.6 HPE                

                8.7 Dell EMC                      

                8.8 Vmware                       

                8.9 Rackspace                   

                8.10 Dropbox                    

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures

 

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Type, Deployment Mode, Vertical, Deployment Mode along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Asia Pacific Cloud Storage Market By Region, From 2021 - 2026 ( USD Billion )
  2. Asia Pacific Cloud Storage Market By Type, From 2021 - 2026 ( USD Billion )
  3. Asia Pacific Solutions Market By Region, From 2021 - 2026 ( USD Billion )
  4. Asia Pacific Services Market By Region, From 2021 - 2026 ( USD Billion )
  5. Asia Pacific Cloud Storage Market By Deployment Model, From 2021 - 2026 ( USD Billion )
  6. Asia Pacific Public Cloud Market By Region, From 2021 - 2026 ( USD Billion )
  7. Asia Pacific Private Cloud Market By Region, From 2021 - 2026 ( USD Billion )
  8. Asia Pacific Hybrid Cloud Market By Region, From 2021 - 2026 ( USD Billion )
  9. Asia Pacific Cloud Storage Market By Organization Size, From 2021 - 2026 ( USD Billion )
  10. Asia Pacific Large Enterprises Market By Region, From 2021 - 2026 ( USD Billion )
  11. Asia Pacific Small Enterprises Market By Region, From 2021 - 2026 ( USD Billion )
  12. Asia Pacific Medium-sized Enterprises Market By Region, From 2021 - 2026 ( USD Billion )

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