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Cloud Storage Market 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 2022


Product Code : MNMICT00109358
Survey : MarketsandMarkets
Publish On : 20, May, 2022
Category : ICT and Telecom
Study Area : Global
Report format : PDF
Sales price option (consumption tax not included)
Single User USD7150 / Question Form
5 User USD8500 / Question Form
Enterprise User USD11000 / Question Form

[Report Description]

Cloud compliance requirements, enforcing mobility, and uninterrupted business continuity are expected to drive the cloud storage market
The cloud storage market size is expected to grow from USD 30.70 billion in 2017 to USD 88.91 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 23.7% during the forecast period. The demand for cloud storage is driven by many factors, such as increasing adoption of hybrid cloud storage; growing need for enterprise mobility for improved efficiency; significant growth in Internet of Things (IoT); and need for lower Capital Expenditure (CAPEX) and Operational Expenditure (OPEX). However, the market would face some restraints, as not all enterprise services are supported in the cloud, and also due to strict government rules and regulations, and fear of vendor lock-ins.
Data archiving solution type is expected to grow at the highest CAGR during the forecast period
Data archiving solutions provide long-term data storage along with data retention, security, policy regulation, and compliance fulfillment. They assist enterprises in reducing the overall primary storage consumption and costs while moving the inactive data to a separate storage at the same time. Data archiving solutions enable enterprises to identify and move the inactive data to a separate storage system for future reference or sometimes for regulatory compliance.
Managed services segment is expected to record the fastest growth rate during the forecast period
Managed services help enterprises focus on their core business, service quality, and end-user experience while delivering optimized and quality IT services through third-party providers, known as Managed Service Providers (MSPs). MSPs help enterprises by providing IT resources, including servers, networks, and specialized applications, under a delivery agreement. The adoption of managed services has resulted in increased productivity and reduced deployment time.
North America is expected to hold the largest market share, and APAC to grow at the fastest rate
North America is expected to hold the largest market share during the forecast period, as organizations are shifting toward cloud storage solutions and services, with an increasing adoption of digital business strategies. Furthermore, organizations have invested heavily in advanced technologies to gain a competitive advantage and improve business operations. Asia Pacific (APAC) is expected to be the fastest-growing region in the global cloud storage market. The key reasons for the high growth rate in APAC include the positive economic outlook in the region, increased spending on Information Technology (IT) infrastructure, and the tendency of cloud storage solutions and services to drive customer experience and improve operations.
The break-up profiles of primary participants are given below:
• By Company: Tier 1 – 43%, Tier 2 – 35%, and Tier 3 – 22%
• By Designation: C-level – 60%, Director level – 25%, and Others – 15%
• By Region: North America – 44%, Europe – 25%, APAC – 21%, and RoW – 10%
The following key cloud storage providers are profiled in the report:
1. AWS (US)
2. IBM (US)
3. Microsoft (US)
4. Google (US)
5. Oracle (US)
6. VMware (US)
7. Dell EMC (US)
8. HPE (US)
9. Rackspace (US)
10. Dropbox (US)
Research Coverage
The cloud storage market has been segmented by type (solutions and services), deployment model, organization size, vertical, and region. A detailed analysis of the key industry players has been done to provide key insights into their business overviews; services; key strategies; new service launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated with the cloud storage market.

The report will help the market leaders/new entrants in this market in the following ways:
• This report segments the cloud storage market comprehensively and provides the closest approximations of revenue numbers for the overall market and the subsegments across regions.
• This report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
• This report helps stakeholders in better understanding the competitors and gaining more insights to better their position in the business. The competitive landscape section includes the vendor comparison of the top market players in the cloud storage market.

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.4 YEARS CONSIDERED FOR THE STUDY 16
1.5 CURRENCY 16
1.6 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 18
2.1.2 PRIMARY DATA 18
2.1.2.1 Breakdown of primaries 19
2.1.2.2 Key industry insights 19
2.2 MARKET SIZE ESTIMATION 20
2.3 RESEARCH ASSUMPTIONS 22
2.4 LIMITATIONS 22
3 EXECUTIVE SUMMARY 23
4 PREMIUM INSIGHTS 26
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE CLOUD STORAGE MARKET 26
4.2 CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL (2017 VS. 2022) 26
4.3 CLOUD STORAGE MARKET: MARKET SHARES OF TOP 3 VERTICALS AND REGIONS, 2017 27
4.4 MARKET INVESTMENT SCENARIO 27
5 MARKET OVERVIEW AND INDUSTRY TRENDS 28
5.1 INTRODUCTION 28
5.2 MARKET DYNAMICS 28
5.2.1 DRIVERS 29
5.2.1.1 Rapid adoption of hybrid cloud storage 29
5.2.1.2 Significant growth in IoT 29
5.2.1.3 Growing need for enterprise mobility to improve the efficiency 30
5.2.1.4 Faster and easier deployment of cloud storage solutions 30
5.2.1.5 Need for lower CAPEX and OPEX 30
5.2.2 RESTRAINTS 30
5.2.2.1 Fear of vendor lock-in and organizations’ resistance to adopting modern technologies 30
5.2.2.2 Strict government rules and regulations 31
5.2.2.3 Lack of network bandwidth 31
5.2.3 OPPORTUNITIES 31
5.2.3.1 Opportunities for MSPs 31
5.2.3.2 High rate of adoption among the SMEs 31
5.2.3.3 Increasing need for technologically advanced storage solutions 32
5.2.4 CHALLENGES 32
5.2.4.1 Stiff competition 32
5.2.4.2 Delivering robust yet high performing storage solutions 32
5.3 REGULATORY FRAMEWORK 32
5.3.1 PAYMENT CARD INDUSTRY DATA SECURITY STANDARD 33
5.3.2 FEDERAL INFORMATION SECURITY MANAGEMENT ACT 33
5.3.3 INTERNATIONAL ORGANIZATION FOR STANDARDIZATION /INTERNATIONAL ELECTROTECHNICAL COMMISSION 27018 33
6 CLOUD STORAGE MARKET, BY TYPE 34
6.1 INTRODUCTION 35
6.2 SOLUTIONS 36
6.2.1 PRIMARY STORAGE 37
6.2.2 DISASTER RECOVERY AND BACKUP 38
6.2.3 CLOUD STORAGE GATEWAY 38
6.2.4 DATA ARCHIVING 39
6.3 SERVICES 40
6.3.1 TRAINING AND CONSULTING 41
6.3.2 INTEGRATION AND MIGRATION 41
6.3.3 SUPPORT AND MAINTENANCE 42
6.3.4 MANAGED SERVICES 43
7 CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL 44
7.1 INTRODUCTION 45
7.2 PUBLIC CLOUD 46
7.3 PRIVATE CLOUD 46
7.4 HYBRID CLOUD 47
8 CLOUD STORAGE MARKET, BY ORGANIZATION SIZE 48
8.1 INTRODUCTION 49
8.2 LARGE ENTERPRISES 50
8.3 SMALL AND MEDIUM-SIZED ENTERPRISES 51
9 CLOUD STORAGE MARKET, BY VERTICAL 52
9.1 INTRODUCTION 53
9.2 BANKING, FINANCIAL SERVICES, AND INSURANCE 54
9.3 TELECOMMUNICATIONS AND ITES 55
9.4 HEALTHCARE AND LIFE SCIENCES 55
9.5 GOVERNMENT AND PUBLIC SECTOR 56
9.6 MANUFACTURING 57
9.7 MEDIA AND ENTERTAINMENT 57
9.8 CONSUMER GOODS AND RETAIL 58
9.9 OTHERS 59
10 CLOUD STORAGE MARKET, BY REGION 61
10.1 INTRODUCTION 62
10.2 NORTH AMERICA 63
10.3 EUROPE 66
10.4 ASIA PACIFIC 68
10.5 MIDDLE EAST AND AFRICA 71
10.6 LATIN AMERICA 74
11 COMPETITIVE LANDSCAPE 77
11.1 OVERVIEW 77
11.2 COMPETITIVE SITUATIONS AND TRENDS 78
11.2.1 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS 79
11.2.2 NEW PRODUCT LAUNCHES 79
11.2.3 BUSINESS EXPANSIONS 80
11.2.4 MERGERS AND ACQUISITIONS 80
11.3 MARKET STANDING, BY KEY PLAYER 81
12 COMPANY PROFILES 82
12.1 INTRODUCTION 82
12.2 AWS 82
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MNM View)*
12.3 IBM 85
12.4 MICROSOFT 88
12.5 GOOGLE 91
12.6 ORACLE 94
12.7 VMWARE 97
12.8 RACKSPACE 99
12.9 HPE 101
12.10 DELL EMC 103
12.11 DROPBOX 105
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MNM View might not be captured in case of unlisted companies.

13 APPENDIX 107
13.1 DISCUSSION GUIDE 107
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 110
13.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 112
13.4 AVAILABLE CUSTOMIZATIONS 113
13.5 RELATED REPORTS 113
13.6 AUTHOR DETAILS 114

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