GLOBAL CLOUD STORAGE MARKET FORECAST 2019-2027

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GLOBAL CLOUD STORAGE MARKET FORECAST 2019-2027

The global cloud storage market is estimated to grow with approx. 20.31% CAGR during the year 2019-2027. Cloud storage is a primary component in cloud computing, catering to the needs of data holding of various applications such as big data analytics, information backup, data archive, Internet of Things (IoT), data warehouse, and many others. The cloud storage concept has evolved through many phases including utility & grid computing, virtualization concept by IBM Corporation in 1970,

GLOBAL CLOUD STORAGE MARKET FORECAST 2019-2027

Cloud Storage Market by Deployment (Public Cloud, Private Cloud) by Organization Size (Large Enterprise, Small Medium Business) by End Users (Banking, Financial Services & Insurance,  Telecommunication, Consumer Goods & Retail, Media & Entertainment, Healthcare & Life Sciences, Government & Other End Users) by Solutions ( Primacy Storage, Backup Storage, Gateway Solution, Data Movement & Access Solution) by Geography

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The global cloud storage market is estimated to grow with approx. 20.31% CAGR during the year 2019-2027. Cloud storage is a primary component in cloud computing, catering to the needs of data holding of various applications such as big data analytics, information backup, data archive, Internet of Things (IoT), data warehouse, and many others. The cloud storage concept has evolved through many phases including utility & grid computing, virtualization concept by IBM Corporation in 1970, application service provision, and Software-as-a-Service (SaaS). The first generalized cloud concept came into the picture by Salesforce.com, Inc. in 1999 through a website delivering enterprise applications. Cloud storage is a proven and cost-effective storage option as compared to traditional on-premise storage centers. In the recent years, cloud storage adoption has rapidly increased among several industry verticals including banking, government & education, healthcare, manufacturing, telecommunication & IT, defense, and many others owing to the increase in the need for the standardized and low cost of data storage facilities. Cloud storage enhances business operations by leveraging mobile workforce with easy accumulation, archive, access, and data recovery facilities. Also, cloud enables storage scalability with minimal cost as compared to on-premise data centers. Cloud storage has accumulated a concrete consideration among enterprises due to its flexible, authentic, and secure mode of data storage and availability.

The global cloud storage market is primarily driven by the following factors:

  • Increasing applications of cloud computing
  • Risk of data loss augmenting the demand for cloud storage
  • Emergence of cloud storage gateways
  • Decentralized workforce drives the need of cloud storage
  • Increased internet penetration

 Cloud Storage Market

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The important driver increasing growth in the global Cloud storage market is increasing the use of cloud computing. Cloud computing has found its way into nearly all industries such as sports, social networking, document hosting services, backup and storage services, governance etc. German company SAP AG signed an agreement with the German Football Association to turn big data into smart decisions to improve player performance at the World Cup in Brazil. Companies are constantly looking for ways to explore new areas of development. Hence, the market for cloud storage in convenience products is projected to rise over a stipulated period.

The cloud storage market is segmented by end user industries to which they are applied into BFSI, Telecommunication, consumer goods & retail, media & entertainment, healthcare, government, and others. This segment is dominated by BFSI, while government institutions are expected to witness the highest CAGR over the forecast period. The promise of low cost, easily scalable solutions and improvement in operational efficiency has encouraged the industry leaders to adopt cloud services. Financial services firms were more cautious about adopting cloud storage, due to regulatory concerns. Although the banking sector is now moving towards cloud adoption, they are not going with a single service model. Banks are using a private cloud for confidentiality of their data while keeping the less sensitive data in the public cloud. Banks are adopting the hybrid approach of cloud computing.

Need for higher bandwidth for cloud storage, and security privacy concerns are the major factors hindering the Cloud storage market. Businesses are always concerned about the security and privacy of their data in a cloud environment. Especially in cases where the vendor is a public cloud provider, and data is stored and managed at the server, the possibility of a security breach is high. This has slowed down the momentum of growth of public clouds. Most cloud providers come with assurances but promise limited security.

The global Cloud storage market segments include organization size, deployment, end users, solution, component and application.

Organization type are segmented into:

  • Large Enterprise
  • Small Medium Business

Deployment is segmented into:

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

End User is segmented into:

  • BFSI
  • Telecommunication
  • Consumer goods & retail
  • Media & Entertainment
  • Healthcare
  • Government
  • Others

The solution is segmented into:

  • Primary Storage
  • Back up Storage
  • Gateway Solution
  • Data Movement & Access Solution

The component is segmented into:

  • Software
  • Hardware

Geographically, the global Cloud storage market has been segmented by four major region, which includes:

The North America region was the highest contributor to the global market. The countries considered in the North America region are the U.S. and Canada.

North America is the global leader in the cloud storage market. The high presence of major companies such as Google Inc., IBM, and Microsoft etc. in the region is influencing the market demand in the region. Moreover, growing adoption of software solutions among business activities in the U.S is also acting as a major driving force for the market in the region. Movement of U.S. government on cloud storage solutions has shown the positive influence of cloud storage solutions over the government.

The major market players of the global Cloud storage market are:

  • AWS
  • IBM
  • Microsoft
  • Salesforce
  • Google
  • Others

Company Profiles covers analysis of important players

These companies are using organic and inorganic strategies for growth. For instance, In May 2017, Microsoft acquired security firm Hexadite. The acquisition was made to strengthening the security details on Microsoft’s Azure.

Key Findings of the global Cloud storage market.

  • Hybrid cloud deployment is projected to grow at a higher CAGR
  • Large enterprises dominate the cloud storage market
  • Government Institutions’ Use Of Cloud Storage To Grow At A Higher CAGR
  • Primary Storage Is The Most Preferred Solution In Cloud Storage Market
  • Services Component Of Cloud Storage To Grow At A Significant Rate
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • HYBRID CLOUD DEPLOYMENT IS PROJECTED TO GROW AT A HIGHER CAGR
      • LARGE ENTERPRISES DOMINANTE THE CLOUD STORAGE MARKET
      • GOVERNMENT INSTITUTIONS’ USE OF CLOUD STORAGE TO GROW AT A HIGHER CAGR
      • PRIMARY STORAGE IS THE MOST PREFERRED SOLUTION IN CLOUD STORAGE MARKET
      • SERVICES COMPONENT OF CLOUD STORAGE TO GROW AT A SIGNIFICANT RATE
  1. MARKET DYNAMICS
    • MARKET DEFINITION & SCOPE
    • MARKET DRIVERS
      • INCREASING APPLICATIONS OF CLOUD COMPUTING
      • RISK OF DATA LOSS AUGMENTING THE DEMAND OF CLOUD STORAGE
      • EMERGENCE OF CLOUD STORAGE GATEWAYS
      • DECENTRALIZED WORKFORCE DRIVES THE NEED OF CLOUD STORAGE
      • INCREASED INTERNET PENETRATION
    • MARKET RESTRAINTS
      • NEED FOR HIGHER BANDWIDTH FOR CLOUD STORAGE SOLUTIONS
      • SECURITY & PRIVACY CONCERNS
    • MARKET OPPORTUNITIES
      • EVOLVING HYBRID CLOUD DEPLOYMENT MODEL
      • RISING DEMAND FROM GOVERNMENT & PUBLIC SECTOR
    • MARKET CHALLENGES
      • HIGH COSTS ASSOCIATED WITH CLOUD STORAGE SOLUTION
  1. MARKET BY DEPLOYMENT
    • PUBLIC CLOUD DEPLOYMENT
    • PRIVATE CLOUD DEPLOYMENT
    • HYBRID CLOUD DEPLOYMENT
  2. MARKET BY ORGANIZATION SIZE
    • LARGE ENTERPRISE
    • SMALL MEDIUM BUSINESS
  3. MARKET BY END USER
    • BANKING, FINANCIAL SERVICES & INSURANCE (BFSI)
    • TELECOMMUNICATIONS
    • CONSUMER GOODS & RETAIL
    • MEDIA & ENTERTAINMENT
    • HEALTHCARE & LIFE SCIENCES
    • GOVERNMENT
    • OTHER
  4. MARKET BY SOLUTION
    • PRIMARY STORAGE
    • BACK UP STORAGE
    • GATEWAY SOLUTION
    • DATA MOVEMENT & ACCESS SOLUTION
  5. MARKET BY COMPONENT
    • SOFTWARE
    • SERVICES
  6. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • KEY BUYING CRITERIA
  7. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • GERMANY
      • UNITED KINGDOM
      • FRANCE
      • SPAIN
      • ITALY
      • RUSSIA
      • RUSSIA
      • ROE (Rest of Europe)
    • ASIA PACIFIC
      • INDIA
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA
  1. COMPETITIVE LANDSCAPE
    • COMPANY PROFILE
      • AMAZON WEB SERVICES
      • APPLE INC.
      • IBM CORPORATION
      • MICROSOFT
      • ORACLE CORPORATION
      • COM, INC.
      • SAP
      • VMWARE, INC.
      • RACKSPACE HOSTING, INC.
      • HP INC.
      • GOOGLE
      • 1.12 FUJITSU       108
      • DELL EMC CORPORATION
      • DROPBOX INC
      • CISCO

LIST OF TABLES:

TABLE 1 GLOBAL CLOUD STORAGE MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)

TABLE 2 GLOBAL CLOUD STORAGE MARKET, BY DEPLOYMENT, 2019-2027, (IN $ MILLION)

TABLE 3 GLOBAL PUBLIC CLOUD DEPLOYMENT MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 4 GLOBAL PRIVATE CLOUD DEPLOYMENT MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 5 GLOBAL HYBRID CLOUD DEPLOYMENT MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 6 GLOBAL CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019-2027, (IN $ MILLION)

TABLE 7 GLOBAL LARGE ENTERPRISE MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 8 GLOBAL SMALL MEDIUM BUSINESS MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 9 GLOBAL CLOUD STORAGE MARKET, BY END USER, 2019-2027, (IN $ MILLION)

TABLE 10 GLOBAL BANKING, FINANCIAL SERVICES & INSURANCE (BFSI) MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 11 GLOBAL TELECOMMUNICATIONS MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 12 GLOBAL CONSUMER GOODS & RETAIL MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 13 GLOBAL MEDIA & ENTERTAINMENT MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 14 GLOBAL HEALTHCARE & LIFE SCIENCES MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 15 GLOBAL GOVERNMENT END USER MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 16 GLOBAL OTHER END USER MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 17 GLOBAL CLOUD STORAGE MARKET, BY SOLUTION, 2019-2027, (IN $ MILLION)

TABLE 18 GLOBAL PRIMARY STORAGE MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 19 GLOBAL BACK UP STORAGE MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 20 GLOBAL GATEWAY SOLUTION MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 21 GLOBAL DATA MOVEMENT & ACCESS SOLUTION MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 22 GLOBAL CLOUD STORAGE MARKET, BY COMPONENT, 2019-2027, (IN $ MILLION)

TABLE 23 GLOBAL SOFTWARE MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 24 GLOBAL SERVICES MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 25 OPPORTUNITY MATRIX

TABLE 26 VENDOR LANDSCAPE

TABLE 27: PRICE VARIATION OF AMAZON’S OFFERINGS ON THE BASIS OF DIFFERENT STORAGE CAPACITIES

TABLE 28 GLOBAL CLOUD STORAGE MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)

TABLE 29 NORTH AMERICA CLOUD STORAGE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 30 EUROPE CLOUD STORAGE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 31 ASIA PACIFIC CLOUD STORAGE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 32 REST OF WORLD CLOUD STORAGE MARKET, BY REGIONS, 2019-2027 (IN $ MILLION)

LIST OF FIGURES:

FIGURE 1 GLOBAL CLOUD STORAGE MARKET SHARE, BY END USER 2018 & 2027 (%)

FIGURE 2 HYBRID CLOUD STORAGE MARKET, 2019 – 2027 (IN $ MILLION)

FIGURE 3 LARGE ENTERPRISES CONTRIBUTION IN CLOUD STORAGE MARKET, 2019 – 2027 (IN $ MILLION)

FIGURE 4 GOVERNMENT INSTITUTIONS’ CONTRIBUTION IN CLOUD STORAGE MARKET ($ MILLION)

FIGURE 5 PRIMARY CLOUD STORAGE MARKET ($ MILLION)

FIGURE 6 SERVICE COMPONENT OF CLOUD STORAGE MARKET ($ MILLION)

FIGURE 7 DATA RECORDS STOLEN OR LOST BY INDUSTRY

FIGURE 8 GLOBAL CLOUD STORAGE MARKET, BY BANKING, FINANCIAL SERVICES & INSURANCE (BFSI), 2019-2027, (IN $ MILLION)

FIGURE 9 GLOBAL CLOUD STORAGE MARKET, BY TELECOMMUNICATIONS, 2019-2027, (IN $ MILLION)

FIGURE 10 GLOBAL CLOUD STORAGE MARKET, BY CONSUMER GOODS & RETAIL MARKET, 2019-2027, (IN $ MILLION)

FIGURE 11 GLOBAL CLOUD STORAGE MARKET, BY MEDIA & ENTERTAINMENT, 2019-2027, (IN $ MILLION)

FIGURE 12 GLOBAL CLOUD STORAGE MARKET, BY HEALTHCARE & LIFE SCIENCES, 2019-2027, (IN $ MILLION)

FIGURE 13 GLOBAL CLOUD STORAGE MARKET, BY GOVERNMENT END USER, 2019-2027, (IN $ MILLION)

FIGURE 14 GLOBAL CLOUD STORAGE MARKET, BY OTHER END USER, 2019-2027, (IN $ MILLION)

FIGURE 15 GLOBAL CLOUD STORAGE MARKET, BY PRIMARY STORAGE, 2019-2027, (IN $ MILLION)

FIGURE 16 GLOBAL CLOUD STORAGE MARKET, BY BACK UP STORAGE, 2019-2027, (IN $ MILLION)

FIGURE 17 GLOBAL CLOUD STORAGE MARKET, BY GATEWAY SOLUTION, 2019-2027, (IN $ MILLION)

FIGURE 18 GLOBAL CLOUD STORAGE MARKET, BY DATA MOVEMENT & ACCESS SOLUTION, 2019-2027, (IN $ MILLION)

FIGURE 19 GLOBAL CLOUD STORAGE MARKET, BY SOFTWARE, 2019-2027, (IN $ MILLION)

FIGURE 20 GLOBAL CLOUD STORAGE MARKET, BY SERVICES, 2019-2027, (IN $ MILLION)

FIGURE 21 PORTER’S FIVE FORCE MODEL

FIGURE 22 GLOBAL CLOUD STORAGE MARKET, REGIONAL OUTLOOK, 2018 & 2027, (%)

FIGURE 23 UNITED STATES CLOUD STORAGE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24 CANADA CLOUD STORAGE MARKET, 2019-2027 (IN $ MILLION

FIGURE 25 GERMANY CLOUD STORAGE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26 UNITED KINGDOM CLOUD STORAGE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27 FRANCE CLOUD STORAGE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28 SPAIN CLOUD STORAGE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29 ITALY CLOUD STORAGE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30 RUSSIA CLOUD STORAGE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31 RUSSIA CLOUD STORAGE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32 ROE CLOUD STORAGE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33 INDIA CLOUD STORAGE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 34 CHINA CLOUD STORAGE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 35 JAPAN CLOUD STORAGE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 36 SOUTH KOREA CLOUD STORAGE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 37 AUSTRALIA CLOUD STORAGE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 38 REST OF ASIA PACIFIC CLOUD STORAGE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 39 LATIN AMERICA CLOUD STORAGE MARKET, 2019-2027 (IN $ MILLION)

FIGURE 40 MIDDLE EAST AND AFRICA CLOUD STORAGE MARKET, 2019-2027 (IN $ MILLION)

 

  1. MARKET BY DEPLOYMENT
    • PUBLIC CLOUD DEPLOYMENT
    • PRIVATE CLOUD DEPLOYMENT
    • HYBRID CLOUD DEPLOYMENT
  2. MARKET BY ORGANIZATION SIZE
    • LARGE ENTERPRISE
    • SMALL MEDIUM BUSINESS
  3. MARKET BY END USER
    • BANKING, FINANCIAL SERVICES & INSURANCE (BFSI)
    • TELECOMMUNICATIONS
    • CONSUMER GOODS & RETAIL
    • MEDIA & ENTERTAINMENT
    • HEALTHCARE & LIFE SCIENCES
    • GOVERNMENT
    • OTHER
  4. MARKET BY SOLUTION
    • PRIMARY STORAGE
    • BACK UP STORAGE
    • GATEWAY SOLUTION
    • DATA MOVEMENT & ACCESS SOLUTION
  5. MARKET BY COMPONENT
    • SOFTWARE
    • SERVICES
  6. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • GERMANY
      • UNITED KINGDOM
      • FRANCE
      • SPAIN
      • ITALY
      • RUSSIA
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • INDIA
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC (RoAPAC)
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA

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