Cloud Storage Technology Market Scope
The cloud storage technology market is expected to witness high growth in the forecasted year due to the growing need for an advanced storage solution. The cloud storage technology term basically implies the storage of data online in the cloud network. It is a service model in which data is automatically maintained, managed and backed up remotely. In addition, several industry verticals such as BFSI, retail, healthcare, and public sector with a large customer base tend to store critical business information of stakeholders in cloud storage, owing to data privacy and client information, which in turn augment the global cloud storage technology market growth.
The market study is segmented by Type (Public Cloud, Private Cloud, Hybrid Cloud and Community Cloud) and major geographies with country level break-up. According to AMA, the Global Cloud Storage Technology market is expected to see growth rate of 21.5%
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Cloud Storage Technology market throughout the predicted period.
AWS (United States), IBM (United States), Microsoft (United States), Google (United States), Oracle (United States), HPE (United States), Dell EMC (United States), VMware (United States), Rackspace (United States) and Dropbox (United States) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Cloud Storage Technology market by Type, Application and Region.
On the basis of geography, the market of Cloud Storage Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
On 23rd August 2019, IBM has announced that it will begin to provide, what the industry would call, quantum-safe cryptography services on the IBM public cloud in 2020 and is now offering a Quantum Risk Assessment from IBM Security to help customers assess their risk in the quantum world. Additionally, IBM cryptographers have prototyped the world's first quantum computing safe enterprise-class tape, an important step before commercialization.
- The Growing Need for Technological Advance Solutions
- Faster and Easier Deployment Storage Solutions
- The Growing Adoption of Hybrid Cloud
- Significant Growth in the IoT
- High Adoption in the Small and Medium-sized Enterprises (SMEs)
- Growing Cloud Adoption Across Several Industry Verticals
- Growing Concern Related to Lack of Network Bandwidth
- Stiff Competition among the Players
Key Target AudienceCloud Storage Technology Providers, Training and Consulting Service Providers, Cloud Storage Vendors, Cloud Service Providers, Government Agencies, Managed Service Providers and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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