Cloud Storage Market Insights
The cloud storage market is estimated to perceive a requisite increase of CAGR of 23.2% during the outlook period (2020-2026). Cloud storage is the next-generation system that represents data storage in which the data is stored in a relevant assortment. This global market embraces advanced technologies like machine learning, data retrieval, and many others. With implementations on lockdown across the world, various industries have found business continuity to be challenging. The effects of work from home culture has ensured that data storage, accessibility, and protection must be taken up as a priority by the companies for steady operation during these tough times. The majority of corporations are substituting from physical storage to the cloud. Easy accessibility, high flexibility, cost-curbing services, and time-efficient solutions, secure data protection & recovery are the major drivers of the cloud storage market.
Cloud Storage Market: By Type of Components
Based on components, market bifurcation can be seen by solutions and services. Object storage, block storage, and file storage are the segments of solutions and consulting, integration & implementation, training, support, & maintenance, and managed services are the segmentation of services. The division which will see gigantic augmentation in the market will be services. A few of the determinants augmenting the segment would be the efficient way of securing data during natural calamities like earthquakes, tsunami, floods in calamity prone continents like APAC, and Europe, cost-reducing facilities related to cloud storage, and easy accessibility of storage files anytime, anywhere across the globe.
Cloud Storage Market: By Type of Application
Based on the type of applications, the market is segmented into primary storage, backup & disaster recovery, archiving. The primary storage segment will observe a redoubtable CAGR than other segments through 2020-2026. Primary storage cloud storage increases data security, yields low latency, more flexibility, and benefits many scalabilities. Increase in industrialization, easy operation and storage, and permissive data management are some vital factors propelling the growth of the market.
Cloud Storage Market: By Type of Organization Size
On the organization size basis, SMEs and Large Enterprises are the segments of the market. SMEs are seen to expand exponentially, the desperate necessity of low-cost data storage amongst small and medium-sized enterprises, revenue expedition in the market as an additive of industrialization in the continents such as APAC, North America, and others serve in the extension of the cloud storage market.
Cloud Storage Market: By Vertical
Based on the vertical analysis, BFSI, IT & ITeS, Telecommunications, Healthcare & Life Sciences, Media & Entertainment, Consumer Goods & Retail, Manufacturing, Government & Public Sector, Energy & Utilities, and Other verticals. BFSI is the segment that is predicted to see a magnificent increase in the forecast period. Being an enormous consumer foundation that deals with sensitive consumer data that needs to be protected cautiously due to data privacy concerns as well as an increase in the acceptance of cloud storage technology for their facilities ensure cloud storage is more viable.
Cloud Storage Market: By Region
Europe, NA, Middle East & Africa, APAC, and Central & South America are the bifurcations of the market based on the geographical analysis. North America is showing the highest rise in the CAGR. As most of the companies related to cloud storage are headquartered in North America, which adds an advantage to the Americans for quick access to these services. Another major reason for this region to contribute to the growth of the market is the awareness amongst consumers regarding the benefits of cloud storage.
Cloud Storage Market Share and Competitor Analysis
The key players in the global market are AWS, Google LLC., Microsoft Corporation, IBM Pvt. Ltd., Huawei Technologies Co. Ltd., Alibaba Cloud, Oracle Corporation, Rackspace Technology Inc., HPE Company, Dell Technologies Inc., Dropbox Inc., Box Inc., Tencent Cloud, Fujitsu Ltd., Vmware Inc., NetApp Inc., Hitachi Vantara, Scality, Citrix Systems Inc., UpCloud Ltd., and other companies
Please note: This is not an exhaustive list of companies profiled in the report.
In June 2020, Google Cloud Region was initiated by Google LLC in the city of Jakarta, Indonesia to render more penetrating latency access to data and applications for its consumers. Indonesia's first google cloud region is in the region of Jakarta.
In July 2020, Microsoft added the Network File System 3.0 protocol aid facilitating storage in its Azure Blob storage offering to analyze the storage of a huge range read-heavy persistent access workloads.
Check the Press Release on Cloud Storage Market Report
Cloud Storage Market: By Type of Components
- Introduction
- Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- Solutions
- Solutions: Cloud Storage Market, 2019-2026 (USD Million)
- Object Storage: Cloud Storage Market, 2019-2026 (USD Million)
- Block Storage: Cloud Storage Market, 2019-2026 (USD Million)
- File Storage: Cloud Storage Market, 2019-2026 (USD Million)
- Services
- Services: Cloud Storage Market, 2019-2026 (USD Million)
- Consulting: Cloud Storage Market, 2019-2026 (USD Million)
- Integration and Implementation: Cloud Storage Market, 2019-2026 (USD Million)
- Training: Cloud Storage Market, 2019-2026 (USD Million)
- Support, and Maintenance: Cloud Storage Market, 2019-2026 (USD Million)
- Managed Services: Cloud Storage Market, 2019-2026 (USD Million)
Cloud Storage Market: By Type of Organization Size
- Introduction
- Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- SMEs
- SMEs: Cloud Storage Market, 2019-2026 (USD Million)
- Large Enterprises
- Large Enterprises: Cloud Storage Market, 2019-2026 (USD Million)
Cloud Storage Market: By Type of Applications
- Introduction
- Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- Primary Storage
- Primary Storage: Cloud Storage Market, 2019-2026 (USD Million)
- Backup and Disaster Recovery
- Backup and Disaster Recovery: Cloud Storage Market, 2019-2026 (USD Million)
- Archiving
- Archiving: Cloud Storage Market, 2019-2026 (USD Million)
Cloud Storage Market: By Type of Vertical
- Introduction
- Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
- Government and Public Sector
- Government and Public Sector: Cloud Storage Market, 2019-2026 (USD Million)
- IT and ITES, Telecommunications
- IT and ITES, Telecommunications: Cloud Storage Market, 2019-2026 (USD Million)
- BFSI
- BFSI: Cloud Storage Market, 2019-2026 (USD Million)
- Healthcare and Life Sciences
- Healthcare and Life Sciences: Cloud Storage Market, 2019-2026 (USD Million)
- Consumer Goods and Retail
- Consumer Goods and Retail: Cloud Storage Market, 2019-2026 (USD Million)
- Media & Entertainment
- Media & Entertainment,: Cloud Storage Market, 2019-2026 (USD Million)
- Energy and Utilities
- Energy and Utilities: Cloud Storage Market, 2019-2026 (USD Million)
- Manufacturing
- Manufacturing: Cloud Storage Market, 2019-2026 (USD Million)
- Others
- Others: Cloud Storage Market, 2019-2026 (USD Million)
Cloud Storage Market: By Region
- Introduction
- Global Cloud Storage Market, Regional Analysis, 2019-2026 (USD Million)
- North America
- North America Cloud Storage Market, Regional Analysis, 2019-2026 (USD Million)
- By Type of Components
- North America Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Organization Size
- North America Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- By Type of Applications
- North America Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- By Type of Vertical
- North America Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
- By Country
- U.S
- By Type of Components
- U.S Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Organization Size
- U.S Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- By Type of Applications
- U.S Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- By Type of Vertical
- U.S Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
- Canada.
- By Type of Components
- Canada Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Organization Size
- Canada Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- By Type of Applications
- Canada Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- By Type of Vertical
- Canada Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
- Mexico
- By Type of Components
- Mexico Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Organization Size
- Mexico Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- By Type of Applications
- Mexico Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- By Type of Vertical
- Mexico Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
- Europe
- Europe Cloud Storage Market, Regional Analysis, 2019-2026 (USD Million)
- By Type of Components
- Europe Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Organization Size
- Europe Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- By Type of Applications
- Europe Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- By Type of Vertical
- Europe Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
- By Country
- Germany
- By Type of Components
- Germany Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Organization Size
- Germany Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- By Type of Applications
- Germany Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- By Type of Vertical
- Germany Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
- UK
- By Type of Components
- UK Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Organization Size
- UK Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- By Type of Applications
- UK Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- By Type of Vertical
- UK Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
- France
- By Type of Components
- France Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Organization Size
- France Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- By Type of Applications
- France Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- By Type of Vertical
- France Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
- Italy
- By Type of Components
- Italy Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Organization Size
- Italy Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- By Type of Applications
- Italy Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- By Type of Vertical
- Italy Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
- Rest Of Europe
- By Type of Components
- Rest Of Europe Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Organization Size
- Rest Of Europe Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- By Type of Applications
- Rest Of Europe Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- By Type of Vertical
- Rest Of Europe Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
- Asia Pacific
- Asia Pacific Cloud Storage Market, Regional Analysis, 2019-2026 (USD Million)
- By Type of Components
- Asia Pacific Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Organization Size
- Asia Pacific Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- By Type of Applications
- Asia Pacific Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- By Type of Vertical
- Asia Pacific Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
- By Country
- China
- By Type of Components
- China Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Organization Size
- China Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- By Type of Applications
- China Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- By Type of Vertical
- China Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
- Japan
- By Type of Components
- Japan Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Organization Size
- Japan Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- By Type of Applications
- Japan Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- By Type of Vertical
- Japan Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
- India
- By Type of Components
- India Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Organization Size
- India Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- By Type of Applications
- India Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- By Type of Vertical
- India Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
- South Korea
- By Type of Components
- South Korea Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Organization Size
- South Korea Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- By Type of Applications
- South Korea Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- By Type of Vertical
- South Korea Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
- Central & South America
- Central & South America Cloud Storage Market, Regional Analysis, 2019-2026 (USD Million)
- By Type of Components
- Central & South America Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Organization Size
- Central & South America Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- By Type of Applications
- Central & South America Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- By Type of Vertical
- Central & South America Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
- By Country
- Brazil
- By Type of Components
- Brazil Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Organization Size
- Brazil Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- By Type of Applications
- Brazil Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- By Type of Vertical
- Brazil Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
- Middle East & Africa
- Middle East & Africa Cloud Storage Market, Regional Analysis, 2019-2026 (USD Million)
- By Type of Components
- Middle East & Africa Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Organization Size
- Middle East & Africa Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- By Type of Applications
- Middle East & Africa Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- By Type of Vertical
- Middle East & Africa Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
- By Country
- Saudi Arabia
- By Type of Components
- Saudi Arabia Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Organization Size
- Saudi Arabia Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- By Type of Applications
- Saudi Arabia Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- By Type of Vertical
- Saudi Arabia Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
- UAE
- By Type of Components
- UAE Cloud Storage Market, By Type of Components, 2019-2026 (USD Million)
- By Type of Organization Size
- UAE Cloud Storage Market, By Type of Organization Size, 2019-2026 (USD Million)
- By Type of Applications
- UAE Cloud Storage Market, By Type of Applications, 2019-2026 (USD Million)
- By Type of Vertical
- UAE Cloud Storage Market, By Type of Vertical, 2019-2026 (USD Million)
The Cloud Storage Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Cloud Storage Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
![Cloud Storage Market Size, Trends & Analysis - Forecasts to 2026 By Type of Components (Solutions [Object Storage, Block Storage, and File Storage], and Services [Consulting, Integration and Implementation, Training, Support, and Maintenance, and Managed Services]), By Type of organization size (Large Enterprises and SMEs), By Type of Applications (Primary Storage, Backup and Disaster Recovery, and Archiving), By Type of vertical (Banking, Financial Services, and Insurance [BFSI], IT and ITeS, Telecommunications, Healthcare and Life Sciences, Media and Entertainment, Consumer Goods and Retail, Manufacturing, Government and Public Sector, Energy and Utilities, and Others), By Region (North America, Europe, Asia Pacific, Middle East, and Africa, and Central and South America); End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis](https://www.globalmarketestimates.com/images/cat/Electronics, Semiconductors and Information & Communication Technology.png)
