The cloud storage market is expected to grow from USD 23.76 Billion in 2016 to USD 74.94 Billion by 2021, at a CAGR of 25.8% during the forecast period. Increasing adoption of hybrid cloud storage and growing need for enterprise mobility has led to the increased demand for cloud storage solutions and services.
The cloud storage gateway solution is expected to grow at the highest CAGR during the forecast period, while primary storage is projected to have the largest market size in 2016 in the cloud storage market. Cloud storage solutions offer enterprises the flexibility to scale up or scale down the storage capacity, depending on the business requirements. The adoption of cloud storage solutions among the enterprises increased due to their benefits such as reliability, accessibility, and disaster recovery. In addition, cloud storage offers features such as centralized access and reduced IT administrative tasks.
North America is expected to have the largest market share in 2016, whereas the Asia-Pacific (APAC) region is expected to grow at the highest CAGR from 2016 to 2021, in the cloud storage market. Factors such as rising need for big data storage and increasing adoption of cloud storage gateways would also drive the demand for cloud storage solutions, globally.
- Amazon Web Services
- Dropbox, Inc.
- EMC Corporation
- Google, Inc.
- Hewlett Packard Enterprise Company
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Rackspace Hosting, Inc.
- VMware, Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Cloud Storage Market Analysis, By Solution
8 Cloud Storage Market Analysis, By Service
9 Cloud Storage Market Analysis, By Deployment Model
10 Cloud Storage Market Analysis, By Organization Size
11 Cloud Storage Market Analysis, By Vertical
12 Geographic Analysis
13 Competitive Landscape
14 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/pgfz6c/cloud_storage
Related Topics: Data Storage and Management , Cloud Computing and Storage
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SOURCE Research and Markets