What is Public Cloud Storage Service Market?
Public cloud storage is an easy way for businesses and end-users to license storage capacity from a third party to store their digital data. The target users include individuals and organizations of all sizes. Cloud storage gives 24/7 access to the documents, photos, music, and videos and the user can get all of it wherever they want and on any compatible device, as long as the user have an internet connection. Cloud storage also makes sharing easy and not least, it's an admirable way to back up all the digital content. Computer systems have been gradually moving away from local storage to remote, server-based storage and processing. Consumers are affected too they now stream video and music from servers rather than playing them from discs. Most cloud services do offer some level of backup, almost as a consequence of their planned function.
The market study is being classified by Type (Primary Storage and Backup and Disaster Recovery), by Application (Industry Segmentation, BFSI, Education, Manufacturing, Telecom & IT and Others) and major geographies with country level break-up.
Alibaba Cloud (China), AWS (United States), Box (United States), Citrix (United States), Code 42 Software Inc., Dell Technologies (United States), Dropbox (United States), Fujitsu (Japan), Google (United States), Microsoft (United States), IBM (United States), Huawei (China), Oracle (United States), Rackspace Technology (United States) and HPE (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Public Cloud Storage Service market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Public Cloud Storage Service market by Type, Application and Region.
On the basis of geography, the market of Public Cloud Storage Service 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Presence of Next-Generation Cloud Technologies and Deployment of 5G Networks
- Growing Adoption & Penetration of the Internet
- Rising Volume of Data Being Uploaded on the Servers
- Lack of Network Bandwidth
- Adoption of AI to Achieve Data Integrity
- Development of Distributed Storage Arrays
- Data Privacy and Security Concerns
In April 2019- Microsoft has New smart multi-cloud storage solutions for businesses. and In 2019- IBM is announcing a broad spectrum of innovations, enhancements, and new features across our entire storage portfolio, aimed at providing leading-edge solutions for 21st-century business and technology challenges.
Key Target AudiencePublic Cloud Storage Service Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Public Cloud Storage Service Market?
"Presence of Next-Generation Cloud Technologies and Deployment of 5G Networks
" is seen as one of major growth factors of Public Cloud Storage Service Market in years to come.
2. Can we have customized study for Public Cloud Storage Service Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.