Global Cloud Object Storage Market by Forecast, Share, Size, Future Demand, Global Research, Top Leading Players, Emerging Trends
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Market Overview:
The Global
Cloud Object Storage Market is segmented based on
service, organization size, cloud deployment and end-user. By cloud deployment
it consists of public, private and hybrid. Cloud solution accounts for highest
market share as it helps enterprises by minimizing cost associated with the IT
infrastructure. Cloud solutions enable enterprise to focus on core business
competencies. It provides enterprises with data protection and security,
efficiently manage storage and privacy issues, offers data integrity, and
provides information related to governance and make enterprise legally
prepared.
The major growth driver
of cloud object storage market includes growing demand for technologically
upgraded services, growing expansion of professional and managed services, and
increasing awareness about cost-effective cloud services, among others.
The cloud object
storage market is expected to grow at approximately USD 6 Billion by 2023, at
14% of CAGR between 2017 and
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Competitive
Analysis:
The eminent contenders in
the cloud storage market are IBM Corporation (U.S.), Amazon Web Services
(U.S.), Microsoft Corporation (U.S.), HP Enterprise Company (U.S.), Google,
Inc. (U.S.), Oracle Corporation (U.S.), Rackspace Hosting, Inc. (U.S.), EMC
Corporation (U.S.), VMware, Inc. (U.S.), Dropbox, Inc. (U.S.) among others.
Segmental Overview:
The segmental assessment
of the cloud storage market is carried out on the basis of component,
deployment model, vertical, and region. Based on the component, the cloud
storage market is segmented into solution and service. The solution sub-segment
includes primary storage, data archiving, cloud storage gateway, disaster
recovery & back up storage. The service sub-segment includes cloud
integration & migration, training and consulting, managed services, and
support & maintenance. Based on the deployment model, the cloud
storage market is segmented into the hybrid cloud, private cloud, and public
cloud. On the basis of vertical, the cloud storage market is segmented
into IT & telecommunication, government, retail & e-commerce, BFSI,
Travel & hospitality, healthcare, education, and others. Based on the
regions, the cloud storage market is segmented into Asia Pacific, North
America, Europe, and the rest of the regions.
Regional Analysis
The regional examination
of the cloud storage market is being considered for regions such as Asia
Pacific, North America, Europe, and the rest of the global regions. The
North American regional market is anticipated to be responsible for the
principal share of the global market it has been noted. The maximum market
share is credited to the early use of pioneering technologies and superior
funding in cloud-based solutions in the North America region. At the
same time, the Asia-Pacific regional market is probable to develop at the best
ever rate for the phase of the forecast.
Industry News:
The global Cloud Object Storage Market has
been affected due to the lockdown across the regions. This pandemic situation
has hampered the Cloud Object
Storage Market as well as its productivity, supply chain,
and others. Moreover, the global market has lost its investors due to the
increasing loss for the products, supply, transportation, workforce, and
others. However, in the meantime, the key market players have implied various
strategic techniques to boost global market growth. Thus, to meet the global
market demands, the global market increased its speed in producing more
valuable products for its intended customers. Recently, the global market has
stabilized its position in the global market and is expected to register a
higher Cloud Object Storage Market Size for the forecast period.
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Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market
Definition
2.2 Scope
of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets
Structure
3 Market Research
Methodology
3.1 Research
Process
3.2 Secondary
Research
3.3 Primary
Research
3.4 Forecast
Model
Continued….
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