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Global Cloud Storage Market By Component (Services, Storage), By Deployment (Public ,Private, others), By End User (Consumer Goods and Retail, Healthcare and Life Sciences, others), By Region–Forecast & Opportunities to 2026

Report Description

The global cloud storage market accounted for a value USD 42.1 billion in 2019. Cloud storage market is projected to register growth at a CAGR of 18.7 % during forecast period.

COVID-19 has impacted all the businesses over the globe. All the organizations weather small or large enterprises are adopting cloud environments to combat with this pandemic situation. The sharing of data and daily data access becomes easier with all geographically dispersed teams. The adoption of cloud storage solutions is increasing across all enterprises due to spread of corona virus globally. The cloud storage market is estimated to record significant growth due to COVID-19.

Definition:

Cloud storage can be defined as next generation system which interacts in a human language and helps enterprises in making better decisions as it make them understand the complexity of unstructured data. It helps in storing and retrieving large amount of data and information over cloud.

Market Dynamics (Drivers/Opportunities):

Various enterprises face data management and storage issues within their organizations due to increase in variety and volume of data. According to data released by a survey in 2018, 49% of survey organization witnessed increase in data by 1TB-99TB in their storage. This storage issue can be resolved using cloud storage. Thus organizations across the world are adopting cloud storage. This drives growth in cloud storage market during forecast period.

Cloud storage enables organizations to store large amount of data sets irrespective of data type. The demand for cloud storage is increasing in all types of organizations. It enables organization to store and retrieve data. The data can be used any time by the organizations. This is likely to drive growth in cloud storage market during forecast period.

Market Insights, by Component

On the basis of component, the cloud storage market is segmented into storage and services. The storage segment is estimated to hold largest market share during forecast period. The storage segment is sub divided into file storage, object storage and block storage. The storage segment is a fundamental requirement of all kinds of enterprises in the world. This drives growth in storage segment during forecast period.

Market Insights, by Deployment

On the basis of deployment, the cloud storage market is segmented into public cloud, private cloud and hybrid cloud. The public cloud segment is estimated to hold largest market share during forecast period. The public cloud is most adopted cloud storage across the world. the large scale adoption and benefits of this segment is estimated to drive growth in public cloud storage market during forecast period.

Market Insights, by End-Use

On the basis of end-use, the cloud storage market is segmented into IT & ITes, telecommunications, BFSI, Healthcare and life sciences, media & entertainment, consumer goods and retail, manufacturing, government and public sector, energy and utilities and others. The BFSI segment is estimated to hold largest market share during forecast period. BFSI companies required to cloud storage to secure, manage and recover large amount of data. BFSI companies are adopting cloud storage for better scalability, data security and low latency. The need for efficient data analysis and management in the cloud is likely to drive growth in BFSI segment during forecast period.

Regional Insights

North America segment is estimated to hold largest market share during forecast period. This cloud storage market is mature in this region and major enterprises are adopting cloud storage at large scale. This region is home for many well-established end-user industries which are adopting new technologies for better and improved business productivity and efficiency. Cloud storage solutions are adopted by major companies in US for various benefits such as high scalability, flexibility and lower maintenance cost. This drives growth in North America region in cloud storage market during forecast period.

Key Companies & Market Share Insights

The key market players in cloud storage market are Google, IBM, Huawei, AWS, Microsoft, Alibaba Cloud, Oracle, HPE, Dell technologies, Fujitsu, VMware, Rackspace Technology, Hitachi Vantra, Scality, NetApp and Citrix.

Segments Covered in the Report

This report forecasts The Global Cloud Storage Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global cloud storage market report on the basis of component, deployment, and end-use.

Cloud Storage Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  3. Executive Summary
    • Market Snapshot
  4. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Cloud Storage Market, By Component , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Storage
  • Services
  1. Cloud Storage Market, By Deployment , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Public Cloud
  • Private Cloud
  • Hybrid Cloud
  1. Cloud Storage Market, By End User, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • IT & ITes
  • Telecommunications
  • BFSI
  • Healthcare and Life Sciences
  • Media & Entertainment
  • Consumer Goods and Retail
  • Manufacturing
  • Government and Public Sector
  • Energy and Utilities
  • Others
  1. Cloud Storage Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Component
    • By Deployment
    • By End-User
    • By Country
      • USA
        • By End-User
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Component
      • By Deployment
      • By End-User
      • By Country
        • Brazil
          • By End-User
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Component
        • By Deployment
        • By End-User
        • By Country
          • UK
            • By End-User
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Component
          • By Deployment
          • By End-User
          • By Country
            • China
              • By End-User
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Component
            • By Deployment
            • By End-User
            • By Country
              • Saudi Arabia
                • By End-User
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Citrix
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Google
    • IBM
    • Huawei
    • AWS
    • Microsoft
    • Alibaba Cloud
    • Oracle
    • HPE
    • Dell technologies
    • Fujitsu
    • VMware
    • Rackspace Technology
    • Hitachi Vantra
    • Scality
    • NetApp
  2. Appendix
    • Interrelated Market

 

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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