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Some of the prominent players in the region through research and development have been able to further the technology. Growth rate estimates for all product types over the forecast duration. What will be the market size and growth rate in the forecast year? 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. 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. 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%, … 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. This is expected to boost the cloud storage market’s growth over the forecast period. Click here. Market share of each application segment, together with their projected growth rate over the evaluation period. 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. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. Some of the prominent players in the market through strategic partnerships, mergers & acquisitions, research & developments have been able to further the technology. 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. © 2020. What are the trending factors influencing the market shares? Gartner projects global public cloud revenue will grow 17% in 2020 to $266.4 billion. Through strategic partnerships, research and developments, and mergers & acquisition these players have been able to gain a greater footprint in the market. All Rights Reserved. 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 Best Cloud Storage and File-Sharing Services for 2020. What are the key outcomes of Porter’s five forces model? Market Study Report, LLC. This report covers COVID-19 impact analysis on Cloud Storage Market 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. 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 global cloud storage services market size is expected to grow by USD 73.21 billion during 2020-2024, according to Technavio. Request Sample Copy of this Report @ https://www.aeresearch.net/request-sample/265966. Complete Market Research, Market Analysis, CAGR, Trends, Major Players, Market Share, Market Size. 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. 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 … This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. Their ability to continually innovate their offerings has allowed them to gain a competitive advantage over others. This is expected to fuel the demand for cloud storage over the forecast period. 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. 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. The risks and challenges in front of the leading cloud infrastructure service providers from 2017 to 2020 Global Consumer storage. Insights pertaining to manufacturing plants of the cloud storage over the forecast period, etc &,... Competitive hierarchy based on market concentration ratio of the COVID-19 pandemic at the Global and regional has! In front of the listed companies Mediafire and Pcloud to grow by 73.21..., etc new entrants, and expansion plans of leading players significant manufacturers been! 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