PORTLAND, Oregon, April 30, 2014 /PRNewswire/ --

The cloud computing market offers flexible and remote data storage facility to enterprises and also eliminates the need for a physical storage infrastructure. Cloud computing allows multiple end-users to store and access data through a common network space simultaneously. According to the opinion of more than 60% CIOs of high performing enterprises, cloud computing is expected to improve customer engagement along with improving operational efficiency. In today's business world, it is estimated that more than 2 Zetabytes of data is generated annually and cloud offers an ideal platform for storage of this magnitude of data cost-effectively. It is estimated that 35% of the data storage budget of organizations can be saved with the implementation of cloud computing.

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Moreover, sectors such as BFSI and retail can give access to their online applications through cloud interface and enhance customer service. Since these sectors are customer-centric, they can simplify data reservoir management and analytical applications to get in-depth understanding of customer behavior patterns. Moreover, allowing customers access to online business applications on cloud system would increase scalability and prop-up efficiency. The global data storage market revenue stood at $9.2 billion in 2012. With more enterprises opting for cloud based services, the cloud computing market is expected to surpass the conventional storage infrastructure in terms of revenue over the next decade.

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However, data security is a major concern that keeps businesses away from implementing cloud storage. Especially, SMEs that cannot afford private cloud services prefer to have in-house storage. Additionally, phasing out of conventional data storage is slowing down as data centers are delaying shifting of customer base to cloud services. The key challenge for cloud service providers is to develop sector specific vertical solutions to meet client specific demands. This would also address the data security concerns, as it would give enterprises customized solutions with secure access.

KEY BENEFITS 

• Enable informed decision making process by offering market analysis based on current market situations, expected future trends and market intelligence
• Analyze the market factors in various regions and understand opportunities in each region
• Analyze the market based on various segments and also forecast the market from 2013 to 2020 with 2012 as base year
• Identify key investment pockets for various deployment types, services and geographies
• Identify key players and their strategic moves
• Suggest the implications of the regulations across countries and their impact on the market
• Assess and rank the top factors that are expected to affect the growth of the market 
• Examine and evaluate market trends to provide deep-dive intelligence into every market segment
• Competitive analysis to effectively plan and execute expansion plans
• Micro level analysis based on deployment type, service and geography

KEY MARKET SEGMENTS 

MARKET BY SERVICES 

• Infrastructure as a Service (IaaS)
• Platform as a Service (PaaS)
• Software as a Service (SaaS)

MARKET BY TYPE 

• Public Cloud
• Private Cloud
• Hybrid Cloud
• Community Cloud

MARKET BY END-USER 

• Retail Sector
• Banking, Financial Services and Insurance (BFSI)
• Healthcare
• Manufacturing
• Telecommunication & Information Technology
• Transport & Logistics
• Government Departments
• Others

MARKET BY GEOGRAPHY 

• North America
• Europe
• Asia-Pacific
• RoW

KEY AUDIENCES 

• Cloud Service Providers
• Software and Application Integrators
• Data Center Integrators
• Research Organizations

Key companies included in the report are:

• Amazon Web Services
• Akamai Technologies
• Cisco Systems
• Google
• IBM
• Hewlett Packet
• Dell
• Microsoft
• VM Ware
• Yahoo Inc.

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. All the data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of concerned domain. Our secondary data procurement methodology includes deep online and offline research and discussions with knowledgeable professionals and analysts in the industry.

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