Cloud Storage Market worth USD 241.6 Bn. by 2029 Size, Share, Trends, Demand, Opportunities, and Segmentation Analysis

December 07 04:10 2022
Cloud Storage Market worth USD 241.6 Bn. by 2029 Size, Share, Trends, Demand, Opportunities, and Segmentation Analysis
Cloud Storage Market
Cloud Storage Market was valued at US$ 66.95 Bn. in 2021 and the total Cloud Storage revenue is expected to grow at 17.4% from 2022 to 2029, reaching nearly US$ 241.6 Bn.

Pune, 6, Dec 2022: The Cloud Storage Market is expected to reach USD 241.6 billion by 2029, growing at a CAGR of 17.4%, according to Maximize Market Research. The Cloud Storage Market is expected to be driven by the Increasing Requirement to Offer Remote Workers Constant Access to Data.

Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @             

Cloud Storage Market Scope and Research Methodology

The Cloud Storage Market report investigates current market trends and highlights to help clients identify opportunities and develop market strategies. Key market participants and new entrants’ products and services, as well as their revenue, financial status, portfolio, growth strategies, and regional presence, are all investigated. Recent acquisitions and mergers, as well as company strategic positions and joint alliance data, paint a clear picture of the Cloud Storage Market’s competitive landscape.

The Component, Application, Deployment Type, and Vertical of the Cloud Storage Market are examined segment by segment, as are market-influencing factors and current technological changes and innovations. The report also discusses the Cloud Storage Market’s drivers, challenges, restraints, and challenges in great detail. Regional market analysis can be used by market participants and new entrants to develop pricing and marketing strategies at the local, regional, and global levels. For market estimation and global market trend analysis, bottom-up approaches were used. Data was collected from a large sample using both primary and secondary research methods to obtain accurate inferences. Among the primary methods used were surveys, questionnaire distribution, and phone interviews with industry experts, market leaders, entrepreneurs, and marketing professionals.

Secondary data was meticulously gathered from a carefully selected set of sources to ensure that the conclusions were correct. In addition to white papers and annual reports, there are paid databases, industry journals, white papers, annual reports, product manufacturer and supplier releases, official databases of numerous organizations, and government websites. PESTLE analysis was used to understand various market factors, whereas SWOT analysis was used to understand major corporations’ strengths and weaknesses. As a result, the report goes into great detail about the Cloud Storage Market.

Cloud Storage Market Overview

Cloud storage is a computer data storage strategy that stores digital data in logical pools known as “the cloud.” Physical storage is frequently distributed across multiple servers (possibly in different regions), and the physical environment is owned and maintained by a hosting provider. These cloud storage providers are responsible for keeping the data available and accessible, as well as the physical environment safe, secure, and operational. People and businesses buy or lease storage capacity from providers in order to store data from users, organizations, or applications.

Cloud Storage Market Dynamics

Inadequate internet bandwidth, remote data center locations, and heavy network traffic are all factors that contribute to delays. Even though using a local data centre for data storage and having enough network bandwidth may reduce latency to some extent, the consequences cannot be overlooked. Furthermore, some cloud storage providers offer the option of building a Wide Area Network (WAN) link to assist clients in overcoming latency issues. Customers can reduce the impact of latency issues on their work processes by implementing such technologies and taking preventative measures.

Cloud Storage Market Regional Insights

The North American cloud storage market had a revenue share of more than 40% in 2021. The presence of major cloud service providers, as well as an increasing number of data centers, as well as the rapid adoption of new technologies and smart home devices, are among the key factors driving revenue growth in the region. In addition, the growing popularity of Social Commerce services and digital payments drives consistent demand for cloud storage solutions. In addition, increased high-value financing in various R&D activities for cloud-based solutions, as well as improved IT infrastructure, are contributing to market growth.

For Detailed insights on this market, request for methodology here @ 

Cloud Storage Market Segmentation

By Component 

  • Solutions
  • Services

By Application 

  • Primary Storage
  • Backup and Disaster Recovery
  • Archiving

By Deployment Type    

  • Public
  • Private
  • Hybrid

By Vertical         

  • BFSI
  • IT and ITeS
  • Telecommunications
  • Healthcare and Life Sciences
  • Media and Entertainment
  • Consumer Goods and Retail
  • Manufacturing
  • Government and Public Sector
  • Energy and Utilities
  • Others

Cloud Storage Market Key Competitors are:

  • AWS
  • Google
  • Microsoft
  • IBM
  • Alibaba Cloud
  • Oracle
  • Rackspace Technology
  • HPE
  • Dell Technologies
  • Dropbox
  • Box
  • Tencent Cloud
  • Fujitsu
  • VMware
  • NetApp
  • Hitachi Vantara
  • Scality
  • Citrix
  • UpCloud
  • Huawei
  • DigitalOcean
  • Vultr
  • MinIO
  • Zadara
  • pCloud
  • Wasabi
  • Sync
  • Degoo

Key questions answered in the Cloud Storage Market are:

  • What is Cloud Storage?
  • Who are the Cloud Storage market leaders in Canada and the United States?
  • Who are the Cloud Storage market leaders in China, Japan, South Korea, and India?
  • Who had the largest market share in the Cloud Storage Market?
  • What factors are boosting growth in the Asia-Pacific Cloud Storage Market?
  • How fast will the Cloud Storage Market grow over the next five years?
  • How does competition in the Cloud Storage industry differ in developed and developing economies?
  • Who are the market leaders in Cloud Storage?
  • Who are the market leaders in European Cloud Storage?

Key Offerings:

  • Market Drivers, Restraints, Trends, Opportunities & Forecast by Revenue | 2022−2029
  • Market Dynamics – Trends, Share, Forecast, Supply Demand to 2029
  • Market Segmentation – A detailed analysis by Component, Application, Deployment Type, Vertical, and Region
  • Competitive Landscape – Top Key Players and Other Prominent Vendors

Maximize Market Research is a leading research firm in Information Technology & Telecommunication Domain, has also published the following reports:

Intelligent Traffic Management System Market The Intelligent Traffic Management System Market size is expected to reach USD 25.26 billion by 2029 at a CAGR of 13 percent during the forecast period. The Intelligent Traffic Management System Market is expected to be driven by the growing artificial intelligence being utilized to address the traffic problem.

Social Commerce Market – The Social Commerce Market size is expected to reach USD 2483.71 billion by 2029 at a CAGR of 28.93 percent during the forecast period. The Social Commerce Market is expected to be driven by the Increasing usage of internet services and smartphone adoption enhancing the accessibility of various online platforms.                      

Alternative Data Market – The Alternative Data Market size is expected to reach USD 106.2 billion by 2029 at a CAGR of 58.3 percent during the forecast period. The Alternative Data Market is expected to be driven by the increasing Hedge funds’ desire for alternative data.             

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 429.5041, India

[email protected]

 +91 96071 95908, +91 9607365656

Media Contact
Contact Person: Geeta Yevle
Email: Send Email
Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,
City: Pune
State: Maharashtra
Country: India