What is Business Cloud Storage?
The rise in the outbreak of global pandemic COVID 19 is projected to have a positive impact on demand for business cloud services and solutions. Amidst the lockdown imposed by the government to curb the spread of coronavirus infection, businesses encouraging their employees to work from home. The upsurging demand for backup of growing business data set coupled with the need for making this data available to employees working remotely is boosting the demand for cloud storage solutions. North America will maintain the largest share of cloud workloads by 2020.
The market study is broken down by Type (Public, Private and Hybrid), by Application (Primary Storage Solution, Backup Storage Solution, Cloud Storage Gateway Solution and Data Movement And Access Solution) and major geographies with country level break-up. According to AMA, the Global Business Cloud Storage market is expected to see growth rate of 23.01% and may see market size of USD229.8 Million by 2025.
Research Analyst at AMA estimates that Players from United States will contribute to the maximum growth of Global Business Cloud Storage market throughout the predicted period.
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 that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Business Cloud Storage market by Type, Application and Region.
On the basis of geography, the market of Business Cloud Storage 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 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by End User Industry, the sub-segment i.e. Information Technology And Telecommunication will boost the Business Cloud Storage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. SME's will boost the Business Cloud Storage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offerings, the sub-segment i.e. Solution will boost the Business Cloud Storage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 2nd July, Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group is to launch its third datacentre in Indonesia early next year.
- Increasing demand for hybrid cloud solutions and services
- Rise of containerization
- Growing data volumes across enterprises
- Growing need to provide the remote workforce with ubiquitous access to data and files
- The emergence of distributed storage arrays
- Infusion of AI to achieve data integrity
- Lifetime storage and egress costs associated with public cloud environments
- Data privacy and security concerns
Key Target AudienceBusiness Cloud Storage Providers, Government Regulatory Bodies, Government Research Organization, Private Research Organization and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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