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Cloud Storage Market Size, Share - Growth, Trends, and Forecast (2020 ... Increasing demand for low-cost data backup, storage, and protection across all enterprises, coupled with the necessity to handle data generated by augmented usage of mobile technologies, favors the rate of adoption of cloud storage. This statistic shows the market share of the leading cloud infrastructure service providers from 2017 to 2020. Software as a Service (SaaS) segment dominated the cloud computing market with a share of over 54% in 2019 owing to its flexible costs, easy maintenance, and deployment. Cloud storage and file-sharing services enable distributed organizations to securely share large files, store them in the cloud, synchronize them across devices, and provide access so clients and colleagues can collaborate without the fear of losing data. Application spectrum: Adults and Teenagers. In the United States IT sector, it was estimated that in the past three years, BYOD adoption witnessed an increase of 44.42%. This is expected to boost the cloud storage market’s growth over the forecast period. Gartner projects global public cloud revenue will grow 17% in 2020 to $266.4 billion. What are the key factors driving the Global Consumer Cloud Storage Services Market? AWS was the first cloud computing and offering infrastructure as a service in 2008 and has never looked back as it launches new services at a breakneck pace and is creating its own compute stack that aims to be more efficient and pass those savings along. Some of the prominent players in the market through strategic partnerships, mergers & acquisitions, research & developments have been able to further the technology. 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 … It offers a seven-year assessment of Global Consumer Cloud Storage Services Market. This report is a valuable asset for the existing players, new entrants, and future investors. are cited in the report. 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. To understand geography trends, Download Sample Report. Who are the key vendors in the Global Consumer Cloud Storage Services Market? Cloud storage is based on highly virtualized infrastructure and is like broader cloud computing in terms of interfaces, near-instant elasticity and scalability, multi-tenancy, and metered resources. 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 competitive rivalry in the cloud storage market is high owing to the presence of some major players such as Microsoft, IBM, Oracle, amongst others. © 2020 aeresearch.net. Through strategic partnerships, research and developments, and mergers & acquisition these players have been able to gain a greater footprint in the market. 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. 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 in itself is indicative of the fact of banking institutions could need solutions like cloud storage to handle such amounts of data. Moreover, it suggests strategies to tackle the challenges and threats plaguing the business sphere. Private Storage Cloud Market - 2019-2025 Market Overview In 2018, the global Private Storage Cloud market size was million US$ and it is expected to … Remuneration accrued by each product type. This also is expected to boost the adoption of the cloud storage over the forecast period. Consumer Cloud Storage Services Market Overview, Global Consumer Cloud Storage Services Production, Revenue, Price Trend by Type, Global Consumer Cloud Storage Services Market Analysis by Applications, Company Profiles and Key Figures in Consumer Cloud Storage Services Business, Consumer Cloud Storage Services Manufacturing Cost Analysis, Marketing Channel, Distributors, and Customers, Global Consumer Cloud Storage Services Market Forecast. 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