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According to the forecast of Markets and Markets, an international market research institution, the global cloud storage market size will grow from $30.
7 billion in 2017 to $88.
91 billion in 2022, with a compound annual growth rate of 23.
7%
during the forecast period.
The global cloud storage market reached $30.
7 billion in 2017
The demand for cloud storage is driven by various factors such as increasing adoption of hybrid cloud storage, increasing demand for enterprise mobility with increased efficiency, significant growth in IoT, and low CapEx and OpEx The cloud storage market is expected to gain significant impetus
as cloud adoption in the enterprise increases.
Primary storage solutions store data
generated directly through various business processes and applications.
End-user organizations are adopting cloud storage solutions as their primary storage option
.
The type of storage with which the application interacts directly is called primary storage
.
The application may be a portal, exchange, or manufacturing application that transacts
directly with the data.
This type of solution is primarily responsible for working with data
that organizations frequently use or access.
Training and consulting services help educate businesses for strategic transformation, business evaluation, solution evaluation, return on investment (RoIs) and knowledge workshops
.
Consulting services help businesses make the right and informed decisions to achieve the desired results
.
Training services, on the other hand, aim to provide educational programs to bridge the knowledge gap
.
Some companies offer online training
to end users in user manuals, blogs, video instructions, and help forums.
Due to the large amount of data generated and the need for highly secure data storage, the banking, financial services, and insurance (BFSI) vertical offers significant opportunities
for the growth of the cloud storage market.
BFSI focuses vertically on data security and privacy issues
.
With the security tools that come with cloud storage solutions and services, this vertical way to access better security features
.
North America became the world's largest market in 2017, while Asia Pacific is expected to be the fastest growing region
during the forecast period.
North America is already a mature market
in terms of cloud adoption due to various factors such as standards, regulations, advanced information technology, infrastructure, presence of a large number of enterprises, and availability of skilled technical expertise.
Major providers of cloud storage solutions and services include Amazon Web Services (US), IBM (US), Microsoft (US), Google (US), HPE (US), Virtual Machine Software (US), Rackspace (US), and Dell (US).
，
According to the forecast of Markets and Markets, an international market research institution, the global cloud storage market size will grow from $30.
7 billion in 2017 to $88.
91 billion in 2022, with a compound annual growth rate of 23.
7%
during the forecast period.
The global cloud storage market reached $30.
7 billion in 2017
7 billion in 2017
The demand for cloud storage is driven by various factors such as increasing adoption of hybrid cloud storage, increasing demand for enterprise mobility with increased efficiency, significant growth in IoT, and low CapEx and OpEx The cloud storage market is expected to gain significant impetus
as cloud adoption in the enterprise increases.
Primary storage solutions store data
generated directly through various business processes and applications.
End-user organizations are adopting cloud storage solutions as their primary storage option
.
The type of storage with which the application interacts directly is called primary storage
.
The application may be a portal, exchange, or manufacturing application that transacts
directly with the data.
This type of solution is primarily responsible for working with data
that organizations frequently use or access.
Training and consulting services help educate businesses for strategic transformation, business evaluation, solution evaluation, return on investment (RoIs) and knowledge workshops
.
Consulting services help businesses make the right and informed decisions to achieve the desired results
.
Training services, on the other hand, aim to provide educational programs to bridge the knowledge gap
.
Some companies offer online training
to end users in user manuals, blogs, video instructions, and help forums.
Due to the large amount of data generated and the need for highly secure data storage, the banking, financial services, and insurance (BFSI) vertical offers significant opportunities
for the growth of the cloud storage market.
BFSI focuses vertically on data security and privacy issues
.
With the security tools that come with cloud storage solutions and services, this vertical way to access better security features
.
North America became the world's largest market in 2017, while Asia Pacific is expected to be the fastest growing region
during the forecast period.
North America is already a mature market
in terms of cloud adoption due to various factors such as standards, regulations, advanced information technology, infrastructure, presence of a large number of enterprises, and availability of skilled technical expertise.
Major providers of cloud storage solutions and services include Amazon Web Services (US), IBM (US), Microsoft (US), Google (US), HPE (US), Virtual Machine Software (US), Rackspace (US), and Dell (US).
，
