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Leading companies: Apple, Google, Box, Dropbox, Amazon, Microsoft, Sync, Hubic, Mediafire and Pcloud. This also is expected to boost the adoption of the cloud storage over the forecast period. According to a study published by CenturyLink, a telecommunications company, the cloud computing technology is expected to generate revenue of USD 411 billion by 2020, across the world. The top cloud providers for 2019 have maintained their positions, but the themes, strategies, and approaches to the market are all in flux. This in itself is indicative of the fact that such an increase would require solutions like cloud storage to handle the surge thereby boosting the growth of the cloud storage over the forecast period. Banks, in order to improve the revenue generation, increase customer insights, contain costs, deliver market-relevant products quickly and efficiently, and help monetize enterprise data assets, have started digitizing their working by introducing online portals through which a user can directly complete his work without any need for a bank official's intervention. Cloud storage is based on highly virtualized infrastructure and is like broader cloud computing in terms of interfaces, near-instant elasticity and scalability, multi-tenancy, and metered resources. The research document has been put together in a manner that aids companies in better understanding the prevailing trends and identifying future growth prospects to make well-informed decisions. What will be the market size and growth rate in the forecast year? Some of the prominent players in the market through strategic partnerships, mergers & acquisitions, research & developments have been able to further the technology. This report covers COVID-19 impact analysis on Cloud Storage Market Growth rate estimates for all product types over the forecast duration. What are the key factors driving the Global Consumer Cloud Storage Services Market? Market Study Report, LLC. It offers the regional analysis of Global Consumer Cloud Storage Services Market along with the business profiles of several stakeholders. This is expected to boost the adoption of the cloud storage over the forecast period. This in itself is indicative of the fact of banking institutions could need solutions like cloud storage to handle such amounts of data. The Best Cloud Storage and File-Sharing Services for 2020. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. © 2020. Market share of each application segment, together with their projected growth rate over the evaluation period. Pricing model, sales graph, returns, and market share of the listed companies. A recent market research report added to repository of Credible Markets is an in-depth analysis of “Global Cloud Storage Services Market… MARKET OPPORTUNITIES AND FUTURE TRENDS. According to RightScale 2018 State of the Cloud Survey Report, 81% of enterprises have a multi-cloud strategy and 51% of the enterprises with a hybrid strategy. Click here. Global Consumer Cloud Storage Services Market Size, Share, Growth Survey 2020 to 2026 and Industry Analysis Report, https://www.aeresearch.net/request-sample/265966, https://www.aeresearch.net/request-for-customization/265966, Product types: Below 18 Years, 18-40 Years and Above 40 Years. What are the trending factors influencing the market shares? Software as a Service (SaaS) segment dominated the cloud computing market with a share of over 54% in 2019 owing to its flexible costs, easy maintenance, and deployment. Global Storage as a Service (STaaS) market expected to surge at a whopping CAGR of 16.4% between 2020 and 2030 Demand for STaaS will see an explosion as a third of companies’ IT budget is for cloud services Storage as a Service to be the backbone of companies as cloud computing becomes mainstream with 90% business opting for better solutions The global cloud storage services market size is expected to grow by USD 73.21 billion during 2020-2024, according to Technavio. The market overview, market dynamics, market growth, etc. Moreover, cheap and secure storage options result in rapid industrial development. Why waste valuable storage space on your PC or phone when you can store your documents and media in the cloud and share it … Examination of the competitive hierarchy based on market concentration ratio of the listed companies. According to Accenture in 2019, the Digital-only banks operating in the U.K. could amass a total of 35 million customers globally within a period of 12 months. Totals sales and revenue records of each region. AWS has 32% of the market and generated more revenue than the next three largest combined, Azure is at 19% of the market, Google Cloud at 7%, … 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 increasing volume of data being uploaded on the servers of the enterprises has resulted in the need for high-end security, SSL, well-defined sharing, along with cost-effective options within the organization.For instance, on an average of approximately 60 million photos are uploaded daily by Instagram users, globally, and is rapidly increasing, owing to the company’s new policy associated with multiple uploads. Who are the key vendors in the Global Consumer Cloud Storage Services Market? Additionally, the impact of the COVID-19 pandemic at the global and regional level has been outlined in the report. The Global Cloud Storage Market is Segmented by Solution (Cloud Storage Gateway, Primary Storage, Backup Storage, Data Archiving), Service (Managed Services, Professional Services), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), End-User, and Geography. If processors based on Arm become the norm in the data center, the industry can thank the gravitational pull of AWS… One of the highest-growth secular tech trends of the 2020s will be cloud computing. The cloud data storage services are paid on a per-consumption, and monthly rate. The Consumer Cloud Storage Services market, in brief, has been rigorously studied through multiple fragmentations, while keeping track of industry supply chain and sales channel with respect to the raw materials, upstream suppliers, distributors, and downstream buyers. This is expected to boost the cloud storage market’s growth over the forecast period. Global Consumer Cloud Storage Services Market Size, Share, Growth Survey 2020 to 2026 and Industry Analysis Report By Market Study Report Date: 2020-08-06 Product ID: 2831496 In the latest Consumer Cloud Storage Services market report, numerous aspects pivotal to the industry augmentation in the recent past as well as the key global developments are analyzed to help businesses stay ahead … Consumer Cloud Storage Services Latest Research Report. All Rights Reserved. In 2018, the global Consumer Cloud Storage Services market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025. For instance, in June 2019, Indian Army announced its plans to expand its cloud computing network for storing and sharing operational and personnel information such as deployments, movement of formations and health and service records. [240 Pages Report] The global cloud storage market size is projected to grow from USD 50.1 billion in 2020 to USD 137.3 billion by 2025, at a Compound Annual Growth Rate … We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place. In July 2019 - IBM announced major upgrades to its IBM Spectrum Discover unified metadata management, Cloud Object Storage, Spectrum Plus data protection and VersaStack converged infrastructure platform with an eye on the cloud and modern workloads. To understand geography trends, Download Sample Report. For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies. Sep 24, 2020 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry." Some of the prominent players in the region through research and development have been able to further the technology. For instance, in September 2019,  Facilis Technology announced that it had entered into a strategic partnership with Qualstar on Object Cloud storage solution. is a hub for market intelligence products and services. Moreover, it suggests strategies to tackle the challenges and threats plaguing the business sphere. This is expected to boost the adoption of cloud storage throughout the forecast period. The increasing data breaches in the banking sector is propelling the banks to adopt cloud storage that allows them to store data in a space managed and owned by the bank or a third party that offers better security to the end-user. Updates on mergers, acquisitions, and expansion plans of leading players. Market share held by all product segments. A survey by Cisco reported that 69% of the IT decision makers favor BYOD as an optimistic addition to workplace policy as it saves workers time. Key growth drivers and opportunities that are slated to influence to profitability graph of the industry over the assessment period are highlighted in the report. Regional segmentation: North America, Europe, Asia-Pacific, South America, Middle East & Africa, South East Asia. All Rights Reserved to Mordor Intelligence. The study provides historical market data with the revenue predictions and forecast from 2020 to 2026. This report is a valuable asset for the existing players, new entrants, and future investors. Report scope can be customized per your requirements. This report segments the market by Solution (Cloud Storage Gateway, Primary Storage, Backup Storage, Data Archiving), Service (Managed Services, Professional Services), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), End-User, and Geography. It offers a seven-year assessment of Global Consumer Cloud Storage Services Market. North America is expected to hold a significant share owing to early adoption of new technologies,  huge investments in R&D for the cloud-based solutions, and enhanced IT infrastructure. Which are the global opportunities for expanding the Global Consumer Cloud Storage Services Market? Details regarding consumption value and volume of each applications. This has resulted in a massive surge in the generation of data which is propelling such institutions to have cloud storage in place. While free platforms like Dropbox and iCloud continue to excel as the most popular free file storage services, Amazon Web Services appear to be the clear winner according to cloud computing stats in 2020 1. This is expected to fuel the demand for cloud storage over the forecast period. Also, the increasing initiatives from the government or related regulatory bodies pertaining to the storage of large volumes data are propelling the institutions to opt for cloud storage. Cloud Storage Services Market Report Coverage: Key Growth Factors & Challenges, Segmentation & Regional Outlook, Top Industry Trends & Opportunities, Competition Analysis, COVID-19 Impact Analysis & Projected Recovery, and Market Sizing & Forecast. Cloud Storage Market Size, Share - Growth, Trends, and Forecast (2020 - 2025) The Global Cloud Storage Market is Segmented by Solution (Cloud Storage Gateway, Primary Storage, Backup Storage, Data Archiving), Service (Managed Services, Professional Services), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), End-User, and Geography. The data which is stored in and is accessible from multiple distributed and connected resources. Amazon web services has the largest cloud computing market share in at 32%. GLOBAL CLOUD STORAGE MARKET FORECAST 2019-2027 Cloud Storage Market by Deployment (Public Cloud, Private Cloud) by Organization Size (Large Enterprise, Small Medium Business) by End Users (Banking, Financial Services & Insurance, Telecommunication, Consumer Goods & Retail, Media & Entertainment, Healthcare & Life Sciences, Government & Other End Users) by Solutions ( Primacy Storage… Cloud Storage Market Statistics: 2027 The cloud storage market size was valued at $46.12 billion in 2019, and is projected to reach $222.25 billion by 2027, growing at a CAGR of 21.9% from 2020 to 2027. Cloud storage enables the user to store the data on the Internet through a cloud computing provider that manages and operates data storage as a service. The increasing automation in the fields of aerospace and defense coupled with the necessity to improve storing and sharing data on operations and soldiers over the army cloud is expected to drive the market over the forecast period. This report focuses on the global Consumer Cloud Storage Services status, future forecast, growth opportunity, key market and key players. Complete Market Research, Market Analysis, CAGR, Trends, Major Players, Market Share, Market Size. Request Sample Copy of this Report @ https://www.aeresearch.net/request-sample/265966. Gartner projects global public cloud revenue will grow 17% in 2020 to $266.4 billion. Cloud Storage Market Size, Share - Growth, Trends, and Forecast (2020 ... Increasing demand for low-cost data backup, storage, and protection across all enterprises, coupled with the necessity to handle data generated by augmented usage of mobile technologies, favors the rate of adoption of cloud storage. What are the key outcomes of Porter’s five forces model? Insights pertaining to manufacturing plants of the manufacturers and their base-of-operations across the various geographies. To understand key trends, Download Sample Report. As worldwide server revenue reached $24 billion in the second quarter of 2020 amid the COVID-19 pandemic, Hewlett Packard Enterprise and Dell Technologies are neck and neck in market-share … The public cloud deployment model held over 50% of the Europe cloud computing market share in 2018 as this deployment model supports resource sharing by multiple enterprises to … Basic business information, along with product portfolio comprising detailed specifications and top applications. For instance, in February 2018, Google opened its first  Google Cloud Platform (GCP) region in Canada, with reduced prices for Google Cloud Storage infrequent access and cold storage classes, as well as its Nearline Storage features, for users in the region. The cloud enables the bank to synchronize the enterprise; to break down operational and data silos across risk, finance, regulatory, customer support, amongst others and more importantly, it allows such institutions to combine such massive data sets in one place, and can apply advanced analytics for integrated insights. AWS was the first cloud computing and offering infrastructure as a service in 2008 and has never looked back as it launches new services at a breakneck pace and is creating its own compute stack that aims to be more efficient and pass those savings along. the competitive rivalry in the cloud storage market is high owing to the presence of some major players such as Microsoft, IBM, Oracle, amongst others. JPMorgan Chase in its 2018 annual report stated that the company had hit average mobile customers mark of 33.3 million, a number that was by 11% with Total active digital customers being 49.3 million. In the United States IT sector, it was estimated that in the past three years, BYOD adoption witnessed an increase of 44.42%. Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities. Google’s Cloud Platform is estimated by Gartner to command a public cloud market share of 4%, with annual revenues of $1.3 billion and growth of 60% in 2018. Consumer Cloud Storage Services Market Overview, Global Consumer Cloud Storage Services Production, Revenue, Price Trend by Type, Global Consumer Cloud Storage Services Market Analysis by Applications, Company Profiles and Key Figures in Consumer Cloud Storage Services Business, Consumer Cloud Storage Services Manufacturing Cost Analysis, Marketing Channel, Distributors, and Customers, Global Consumer Cloud Storage Services Market Forecast. This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. Private Storage Cloud Market - 2019-2025 Market Overview In 2018, the global Private Storage Cloud market size was million US$ and it is expected to … It helps in understanding the major key product segments. The global cloud storage market size stood at USD 49.13 billion in 2019 and is projected to reach USD 297.54 billion by 2027, exhibiting a CAGR of 25.3% during the forecast period. It offers massive data about trending factors that will influence the progress of the Global Consumer Cloud Storage Services Market. Remuneration accrued by each product type. are cited in the report. As Financial services organizations worldwide in order to store and retain large volumes of communications are under increasing pressure from MiFID II, MAR, Dodd-Frank and FX Code of Conduct as regulations mandate recording of greater numbers of regulated users, asset classes, channels & devices. © 2020 aeresearch.net. 4.2 Introduction to Market Drivers and Restraints, 4.3.1 Increase in Cloud Adoption Across Organizations, 4.3.2 Increase in Demand for Hybrid Cloud, 4.3.3 Growing Demand for Low-cost Storage and Faster Data Accessibility, 4.4.1 Privacy and Security Concerns regarding Cloud Storage, 4.5 Industry Attractiveness - Porter's Five Force Analysis, 4.5.2 Bargaining Power of Buyers/Consumers, 8. Cloud storage is a service model that offers a platform to maintain, manage, and backup data remotely and at the same time, ensure data availability to users over a network (typically the Internet). Their ability to continually innovate their offerings has allowed them to gain a competitive advantage over others. Application spectrum: Adults and Teenagers. Through strategic partnerships, research and developments, and mergers & acquisition these players have been able to gain a greater footprint in the market. The power and also business manufacturing of the significant manufacturers has been mentioned with the technical data. This statistic shows the market share of the leading cloud infrastructure service providers from 2017 to 2020. Projected growth rate of the industry over the analysis timeline, backed with a comparative study of the historical data and current market scenario is included. Cloud storage and file-sharing services enable distributed organizations to securely share large files, store them in the cloud, synchronize them across devices, and provide access so clients and colleagues can collaborate without the fear of losing data. In the latest Consumer Cloud Storage Services market report, numerous aspects pivotal to the industry augmentation in the recent past as well as the key global developments are analyzed to help businesses stay ahead of the curve. The key questions answered in this report: Significant Point Mentioned in the Research report: Major Points Covered in Table of Contents: Request Customization on This Report @ https://www.aeresearch.net/request-for-customization/265966. AWS has expanded well beyond cloud compute and storage. Annual growth rate of each regional market over the estimated timeframe. Also, the hybrid cloud deployment is occupying a continuously increasing share in the cloud market. What are the risks and challenges in front of the market? The Global Cloud Storage Market is expected to reach USD 170.02 billion by 2025, at a CAGR of 24.74% during the forecast period 2020-2025. 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