This in itself is indicative of the fact that such an increase would require solutions like cloud storage to handle the surge thereby boosting the growth of the cloud storage over the forecast period. Click here. Totals sales and revenue records of each region. Their ability to continually innovate their offerings has allowed them to gain a competitive advantage over others. The research document has been put together in a manner that aids companies in better understanding the prevailing trends and identifying future growth prospects to make well-informed decisions. This is expected to boost the adoption of the cloud storage over the forecast period. In 2018, the global Consumer Cloud Storage Services market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025. The key questions answered in this report: Significant Point Mentioned in the Research report: Major Points Covered in Table of Contents: Request Customization on This Report @ https://www.aeresearch.net/request-for-customization/265966. Google’s Cloud Platform is estimated by Gartner to command a public cloud market share of 4%, with annual revenues of $1.3 billion and growth of 60% in 2018. This statistic shows the market share of the leading cloud infrastructure service providers from 2017 to 2020. According to Accenture in 2019, the Digital-only banks operating in the U.K. could amass a total of 35 million customers globally within a period of 12 months. As Financial services organizations worldwide in order to store and retain large volumes of communications are under increasing pressure from MiFID II, MAR, Dodd-Frank and FX Code of Conduct as regulations mandate recording of greater numbers of regulated users, asset classes, channels & devices. All Rights Reserved to Mordor Intelligence. This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. Cloud storage enables the user to store the data on the Internet through a cloud computing provider that manages and operates data storage as a service. Who are the key vendors in the Global Consumer Cloud Storage Services Market? This has resulted in a massive surge in the generation of data which is propelling such institutions to have cloud storage in place. 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. According to a study published by CenturyLink, a telecommunications company, the cloud computing technology is expected to generate revenue of USD 411 billion by 2020, across the world. The market overview, market dynamics, market growth, etc. It offers the regional analysis of Global Consumer Cloud Storage Services Market along with the business profiles of several stakeholders. AWS has expanded well beyond cloud compute and storage. The Global Cloud Storage Market is expected to reach USD 170.02 billion by 2025, at a CAGR of 24.74% during the forecast period 2020-2025. This is expected to boost the cloud storage market’s growth over the forecast period. 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%. Sep 24, 2020 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry." Market share held by all product segments. The cloud enables the bank to synchronize the enterprise; to break down operational and data silos across risk, finance, regulatory, customer support, amongst others and more importantly, it allows such institutions to combine such massive data sets in one place, and can apply advanced analytics for integrated insights. What are the risks and challenges in front of the market? We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. What will be the market size and growth rate in the forecast year? The data which is stored in and is accessible from multiple distributed and connected resources. To understand geography trends, Download Sample Report. A recent market research report added to repository of Credible Markets is an in-depth analysis of “Global Cloud Storage Services Market… Moreover, cheap and secure storage options result in rapid industrial development. Cloud storage is a service model that offers a platform to maintain, manage, and backup data remotely and at the same time, ensure data availability to users over a network (typically the Internet). What are the key outcomes of Porter’s five forces model? 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. Annual growth rate of each regional market over the estimated timeframe. Also, the increasing initiatives from the government or related regulatory bodies pertaining to the storage of large volumes data are propelling the institutions to opt for cloud storage. is a hub for market intelligence products and services. [240 Pages Report] The global cloud storage market size is projected to grow from USD 50.1 billion in 2020 to USD 137.3 billion by 2025, at a Compound Annual Growth Rate … It offers a seven-year assessment of Global Consumer Cloud Storage Services Market. Consumer Cloud Storage Services Latest Research Report. Remuneration accrued by each product type. One of the highest-growth secular tech trends of the 2020s will be cloud computing. What are the key factors driving the Global Consumer Cloud Storage Services Market? Based on the service type, the cloud infrastructure services market is segmented into computing as a service, storage as a service, disaster as a service, networking as a service, desktop as a service and managed hosting. 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. JPMorgan Chase in its 2018 annual report stated that the company had hit average mobile customers mark of 33.3 million, a number that was by 11% with Total active digital customers being 49.3 million. Insights pertaining to manufacturing plants of the manufacturers and their base-of-operations across the various geographies. 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 … Which are the global opportunities for expanding the Global Consumer Cloud Storage Services Market? What are the trending factors influencing the market shares? Complete Market Research, Market Analysis, CAGR, Trends, Major Players, Market Share, Market Size. Additionally, the impact of the COVID-19 pandemic at the global and regional level has been outlined in the report. It helps in understanding the major key product segments. The increasing automation in the fields of aerospace and defense coupled with the necessity to improve storing and sharing data on operations and soldiers over the army cloud is expected to drive the market over the forecast period. © 2020 aeresearch.net. All Rights Reserved. In the latest Consumer Cloud Storage Services market report, numerous aspects pivotal to the industry augmentation in the recent past as well as the key global developments are analyzed to help businesses stay ahead of the curve. The Global Cloud Storage Market is Segmented by Solution (Cloud Storage Gateway, Primary Storage, Backup Storage, Data Archiving), Service (Managed Services, Professional Services), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), End-User, and Geography. Cloud Storage Market Size, Share - Growth, Trends, and Forecast (2020 - 2025) The Global Cloud Storage Market is Segmented by Solution (Cloud Storage Gateway, Primary Storage, Backup Storage, Data Archiving), Service (Managed Services, Professional Services), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), End-User, and Geography. Hence, with the growing number of mobile workers in organizations and workplaces, there has been a subsequent rise in the data generated and managed. This is expected to fuel the demand for cloud storage over the forecast period. Amazon web services has the largest cloud computing market share in at 32%. Growth rate estimates for all product types over the forecast duration. Cloud Storage Market Statistics: 2027 The cloud storage market size was valued at $46.12 billion in 2019, and is projected to reach $222.25 billion by 2027, growing at a CAGR of 21.9% from 2020 to 2027. Global Consumer Cloud Storage Services Market Size, Share, Growth Survey 2020 to 2026 and Industry Analysis Report, https://www.aeresearch.net/request-sample/265966, https://www.aeresearch.net/request-for-customization/265966, Product types: Below 18 Years, 18-40 Years and Above 40 Years. Regional segmentation: North America, Europe, Asia-Pacific, South America, Middle East & Africa, South East Asia. MARKET OPPORTUNITIES AND FUTURE TRENDS. We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place. Basic business information, along with product portfolio comprising detailed specifications and top applications. This report covers COVID-19 impact analysis on Cloud Storage Market Leading companies: Apple, Google, Box, Dropbox, Amazon, Microsoft, Sync, Hubic, Mediafire and Pcloud. 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. Report scope can be customized per your requirements. To understand key trends, Download Sample Report. The Best Cloud Storage and File-Sharing Services for 2020. The top cloud providers for 2019 have maintained their positions, but the themes, strategies, and approaches to the market are all in flux. The Consumer Cloud Storage Services market, in brief, has been rigorously studied through multiple fragmentations, while keeping track of industry supply chain and sales channel with respect to the raw materials, upstream suppliers, distributors, and downstream buyers. The increasing volume of data being uploaded on the servers of the enterprises has resulted in the need for high-end security, SSL, well-defined sharing, along with cost-effective options within the organization.For instance, on an average of approximately 60 million photos are uploaded daily by Instagram users, globally, and is rapidly increasing, owing to the company’s new policy associated with multiple uploads. This report focuses on the global Consumer Cloud Storage Services status, future forecast, growth opportunity, key market and key players. Gartner projects global public cloud revenue will grow 17% in 2020 to $266.4 billion. Market Study Report, LLC. North America is expected to hold a significant share owing to early adoption of new technologies,  huge investments in R&D for the cloud-based solutions, and enhanced IT infrastructure. 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. Examination of the competitive hierarchy based on market concentration ratio of the listed companies. For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies. Projected growth rate of the industry over the analysis timeline, backed with a comparative study of the historical data and current market scenario is included. The power and also business manufacturing of the significant manufacturers has been mentioned with the technical data. Global Consumer Cloud Storage Services Market Size, Share, Growth Survey 2020 to 2026 and Industry Analysis Report By Market Study Report Date: 2020-08-06 Product ID: 2831496 In the latest Consumer Cloud Storage Services market report, numerous aspects pivotal to the industry augmentation in the recent past as well as the key global developments are analyzed to help businesses stay ahead … GLOBAL CLOUD STORAGE MARKET FORECAST 2019-2027 Cloud Storage Market by Deployment (Public Cloud, Private Cloud) by Organization Size (Large Enterprise, Small Medium Business) by End Users (Banking, Financial Services & Insurance, Telecommunication, Consumer Goods & Retail, Media & Entertainment, Healthcare & Life Sciences, Government & Other End Users) by Solutions ( Primacy Storage… It offers massive data about trending factors that will influence the progress of the Global Consumer Cloud Storage Services Market. 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. The increasing data breaches in the banking sector is propelling the banks to adopt cloud storage that allows them to store data in a space managed and owned by the bank or a third party that offers better security to the end-user. If processors based on Arm become the norm in the data center, the industry can thank the gravitational pull of AWS… Market share of each application segment, together with their projected growth rate over the evaluation period. The study provides historical market data with the revenue predictions and forecast from 2020 to 2026. The cloud data storage services are paid on a per-consumption, and monthly rate. 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. are cited in the report. This report segments the market by Solution (Cloud Storage Gateway, Primary Storage, Backup Storage, Data Archiving), Service (Managed Services, Professional Services), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), End-User, and Geography. Updates on mergers, acquisitions, and expansion plans of leading players. This is expected to boost the adoption of cloud storage throughout the forecast period. Banks, in order to improve the revenue generation, increase customer insights, contain costs, deliver market-relevant products quickly and efficiently, and help monetize enterprise data assets, have started digitizing their working by introducing online portals through which a user can directly complete his work without any need for a bank official's intervention. In July 2019 - IBM announced major upgrades to its IBM Spectrum Discover unified metadata management, Cloud Object Storage, Spectrum Plus data protection and VersaStack converged infrastructure platform with an eye on the cloud and modern workloads. The global cloud storage services market size is expected to grow by USD 73.21 billion during 2020-2024, according to Technavio. Global Storage as a Service (STaaS) market expected to surge at a whopping CAGR of 16.4% between 2020 and 2030 Demand for STaaS will see an explosion as a third of companies’ IT budget is for cloud services Storage as a Service to be the backbone of companies as cloud computing becomes mainstream with 90% business opting for better solutions Moreover, it suggests strategies to tackle the challenges and threats plaguing the business sphere. Details regarding consumption value and volume of each applications. Through strategic partnerships, research and developments, and mergers & acquisition these players have been able to gain a greater footprint in the market. 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. Pricing model, sales graph, returns, and market share of the listed companies. It offers an analysis of changing competitive scenario. 4.2 Introduction to Market Drivers and Restraints, 4.3.1 Increase in Cloud Adoption Across Organizations, 4.3.2 Increase in Demand for Hybrid Cloud, 4.3.3 Growing Demand for Low-cost Storage and Faster Data Accessibility, 4.4.1 Privacy and Security Concerns regarding Cloud Storage, 4.5 Industry Attractiveness - Porter's Five Force Analysis, 4.5.2 Bargaining Power of Buyers/Consumers, 8. The global cloud storage market size stood at USD 49.13 billion in 2019 and is projected to reach USD 297.54 billion by 2027, exhibiting a CAGR of 25.3% during the forecast period. For instance, in February 2018, Google opened its first  Google Cloud Platform (GCP) region in Canada, with reduced prices for Google Cloud Storage infrequent access and cold storage classes, as well as its Nearline Storage features, for users in the region. A survey by Cisco reported that 69% of the IT decision makers favor BYOD as an optimistic addition to workplace policy as it saves workers time. AWS has 32% of the market and generated more revenue than the next three largest combined, Azure is at 19% of the market, Google Cloud at 7%, … For instance, in September 2019,  Facilis Technology announced that it had entered into a strategic partnership with Qualstar on Object Cloud storage solution. This in itself is indicative of the fact of banking institutions could need solutions like cloud storage to handle such amounts of data. Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities. Also, the hybrid cloud deployment is occupying a continuously increasing share in the cloud market. This also is expected to boost the adoption of the cloud storage over the forecast period. Cloud Storage Services Market Report Coverage: Key Growth Factors & Challenges, Segmentation & Regional Outlook, Top Industry Trends & Opportunities, Competition Analysis, COVID-19 Impact Analysis & Projected Recovery, and Market Sizing & Forecast. This report is a valuable asset for the existing players, new entrants, and future investors. Why waste valuable storage space on your PC or phone when you can store your documents and media in the cloud and share it … 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. © 2020. 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. 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