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Pulished Date February, 2020
ID: 8651
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Cloud Storage Market Research Report - Segmented By Type (Solutions and Services), Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), Vertical, and Region - Global Forecast to 2024

Pulished: February, 2020
ID: 8651
Pages: 170

Cloud Storage Market Size & Growth (2019 - 2024)

The cloud storage market is expected to grow from USD 32.72 billion in 2019 to USD 106.71 billion by 2024, with an average annual growth rate (CAGR) of 23.76% over the forecast period. 

The growing demand for cost-effective data storage, data protection, and data protection is driving the growth of the cloud storage market in multiple user groups, including small, medium, and large enterprises. The use of cloud storage is likely to increase due to faster deployment, scalability, and flexibility. Cloud compliance requirements; Reduced CAPEX and OPEX; the application of mobility; and continuous business continuity. But when it comes to introducing cloud storage, companies face a series of barriers, since not all business services are compatible with the cloud, and are due to strict government regulations and fear of supplier coverage. It is estimated that by 2022, more than 72% of global organizations will migrate from local data centers to the cloud, which will increase the increase in cloud storage.

The growing demand for cost-effective data protection, storage, and security in all companies and the need to work with the data generated by the increased use of mobile technologies favors acceptance of cloud storage. Besides, hybrid cloud storage is expected to contribute significantly to the cloud storage market over the next five years due to its greater flexibility in public and private cloud storage. Asia Pacific is expected to be the fastest-growing regional segment with the most substantial CAGR in the near future.

Cloud storage allows companies to store data on remote servers that can be accessed over the Internet. These remote servers are maintained, operated, and managed by cloud storage service providers. Cloud storage is a virtual data storage mode. The data stored in the cloud can be accessed through the Internet through devices. Cloud storage allows companies to store data on remote servers that can be located over the Internet. These remote servers are maintained, operated, and managed by cloud storage service providers. Cloud storage is a virtual data storage mode. The data stored in the cloud can be accessed through the Internet through devices.

Recent developments:

  • On December 2017, Microsoft announced the general availability of Archive Blob Storage at $ 0.002 per gigabyte per month. Last year, the company introduced Cool Blob Storage to help customers reduce storage costs by bringing their data, which was rarely accessed, to the Cool level.
  • On November 2017, Amazon cloud storage announced the launch of a new service called Amazon Web Services Secret Region, a cloud storage service designed to process classified information for US spy agencies.

Market drivers and restrictions:

The key drivers for the growth of the cloud storage market are the high demand for hybrid cloud storage and the growing need for business mobility. The need for a simple implementation of cloud storage systems is another factor that drives the growth of the cloud storage market. The segment of the solution is further divided into primary storage, cloud storage gateway, data file, disaster recovery, and backup storage. These cloud storage gateways have gained maximum popularity due to their ease of integration with the existing infrastructure of the company.

Data security is a major limitation in cloud storage. With the rapid growth of protection technologies against malicious attacks, data security is compromised and can cause major losses for the company when critical data is pirated. Other limiting factors in the cloud storage market would be regulatory compliance and the lack of a large bandwidth for data transmission. These problems can hamper the growth of the cloud storage market.

Market Segmentation:

This global market research report is segmented and sub-segmented as follows:

By Type

  • Solutions
  • services

By Organization Size

  • Large enterprises
  • Small and Medium-sized Enterprises (SMEs)

By Deployment Model

  • Public cloud
  • Private cloud
  • Hybrid cloud

By Vertical

  • Banking, Financial Services, and Insurance (BFSI)
  • Healthcare and life sciences
  • Telecommunications and Information Technology-enabled Services (ITES)
  • Government and public sector
  • Manufacturing
  • Consumer goods and retail
  • Media and entertainment

By Region

  • North America
  • APAC
  • Europe
  • Latin America
  • Middle East and Africa

The Asia-Pacific region is expected to grow faster due to developments in India and China. The public cloud services market in India has experienced phenomenal growth in the last two years.

Market player:

The leading providers of cloud storage include AWS (USA), IBM (USA), Microsoft (USA), Google (USA), Oracle (USA), HPE (US), Dell EMC (US), VMware (US), Rackspace (USA) and Dropbox (US).

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 (2019-2024)   

                                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 (2019-2024)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

                6.3 Cloud Storage Market, By Organization Size                 

                                6.3.1 Large Enterprises 

                                6.3.2 Small Enterprises  

                                6.3.3 Medium-Sized Enterprises               

                                6.3.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.5 Y-o-Y Growth Rate Analysis             

                                6.3.6 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2019 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Deployment Model       

                                7.2.4 By Organization Size            

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Deployment Model       

                                7.3.4 By Organization Size            

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Deployment Model       

                                7.4.4 By Organization Size            

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Deployment Model       

                                7.5.4 By Organization Size            

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Deployment Model       

                                7.6.4 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 IBM                

                8.3 Microsoft                    

                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                   

  • Global,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 by type,by organization size,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 micro environment 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. Global Cloud Storage Market By Region, From 2019-2024 ( USD Billion )
  2. Global Cloud Storage Market By Type, From 2019-2024 ( USD Billion )
  3. Global Solutions Market By Region, From 2019-2024 ( USD Billion )
  4. Global Services Market By Region, From 2019-2024 ( USD Billion )
  5. Global Cloud Storage Market By Deployment Model, From 2019-2024 ( USD Billion )
  6. Global Public Cloud Market By Region, From 2019-2024 ( USD Billion )
  7. Global Private Cloud Market By Region, From 2019-2024 ( USD Billion )
  8. Global Hybrid Cloud Market By Region, From 2019-2024 ( USD Billion )
  9. Global Cloud Storage Market By Organization Size, From 2019-2024 ( USD Billion )
  10. Global Large Enterprises Market By Region, From 2019-2024 ( USD Billion )
  11. Global Small Enterprises Market By Region, From 2019-2024 ( USD Billion )
  12. Global Medium-sized Enterprises Market By Region, From 2019-2024 ( USD Billion )

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