DUBLIN, Feb. 16, 2018 /PRNewswire/ --
The "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" report has been added to ResearchAndMarkets.com's offering.
The cloud storage market 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). With the availability of cloud storage solutions and services, the need to maintain an on-premises storage infrastructure, such as disk storage and tape devices, has been eliminated.
The cloud storage market has been segmented on the basis of types (solutions and services), deployment models, organization sizes, verticals, and regions. The managed services segment is expected to grow at the highest CAGR during the forecast period, and the training and consulting service type is estimated to have the largest market size in 2017 in the cloud storage market. The adoption of cloud services among Small and Medium-sized Enterprises (SMEs) has become a central part of the business process, owing to the ease of use and the flexibility they offer, and is expected to grow in the coming years.
North America is estimated to hold the largest market size in 2017, whereas the Asia Pacific (APAC) region is projected to grow at the highest CAGR during the forecast period in the cloud storage market. An increasing need for efficient computing framework and shifting workload to the cloud environment are said to be driving the demand for cloud storage, globally.
Major vendors providing cloud storage are AWS (US), IBM (US), Microsoft (US), Google (US), Oracle (US), HPE (US), Dell EMC (US), VMware (US), Rackspace (US), and Dropbox (US).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Cloud Storage Market, By Type
7 Market By Deployment Model
8 Market By Organization Size
9 Cloud Storage Market, By Vertical
10 Cloud Storage Market, By Region
11 Competitive Landscape
12 Company Profiles
- Dell EMC
For more information about this report visit https://www.researchandmarkets.com/research/jwzlbg/global_cloud?w=5
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