As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Cloud Storage Market: By Component: Solutions, Service; By Deployment Type: Private, Public, Hybrid; By Organisation Size: Large Enterprise, Small and Medium Enterprise; By Industry; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Cloud Storage Market Outlook

The global cloud storage market attained a value of about USD 56 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 21.9% to reach nearly USD 182 billion by 2026.

 

Increasing Use of Cloud Storage by Various Governments Boosting the Market Growth of Cloud Storage

Government organisations are increasingly using cloud systems owing to their cost-effectiveness to optimise their business models. It is also adopted to increase business flexibility and improve citizen services. Various government organisations are reducing their IT ownership and hardware costs by expanding their footprints through cloud services while minimising energy consumption. The rising demand to improve efficiency in the public sector is also increasing the use of cloud storage, hence augmenting the industry growth. Moreover, various governments are launching and promoting the deployment of cloud storage, which is propelling the market growth. For instance, the Niti Aayog of the Indian government launched the country’s own cloud storage and data management platform, DiGiBOXX, to offer cost-effective cloud storage services as a part of the country’s self-reliance mission in December 2020.

 

Global Cloud Storage Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The increasing adoption of cloud storage in the healthcare industry to improve the focus on healthcare services is aiding the market growth. It is used to improve operational flexibility as well as increase mobility for effective healthcare systems. It can aid the fast-paced industry by providing a convenient and cost-effective platform for updating vital information regarding patient care, diagnosis, and treatment. This is expected to increase the use of cloud storage in various hospitals and nursing facilities to propel the industry growth. Moreover, it can prevent medical errors while increasing access to significant data. Hence, the surging use of cloud storage in the healthcare industry is revolutionising the industry by increasing operational efficiency and productivity, which is projected to facilitate the industry growth.

 

Cloud Storage: Industry Definition and Segmentation

Cloud storage is a model of cloud computing that can store a large amount of data on remote servers which are accessible through the internet or cloud. It aids in managing and storing by backing data efficiently and is increasingly deployed as an alternative to storing data on storage networks and on-premise hard drivers.

The major components of cloud storage are:

  • Solutions
  • Service

The market can be broadly categorised on the basis of its deployment types into:

  • Private
  • Public
  • Hybrid

Based on organisation size, the market is divided into:

  • Large Enterprise
  • Small and Medium Enterprise

By industry, the market is classified into:

  • BFSI
  • Government and Public Sector
  • Healthcare 
  • IT and Telecom 
  • Retail 
  • Manufacturing 
  • Media and Entertainment 
  • Others

The EMR report looks into the regional markets of cloud storage like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Demand for Cloud Storage Owing to the Coronavirus Pandemic to Augment the Cloud Storage Industry

The COVID-19 crisis has accelerated the market growth for cloud storage as it witnessed an exponential surge due to the prevalence of remote working conditions in the private sector. The reliability of cloud storage is increasing its use by various organisations as a significant resource for business conductivity, hence propelling the market growth. As more companies are switching to remote work permanently, the trend is expected to surge. The deployment of cost-effective cloud storage with escalated storage capacity to the presence of various companies in the market is anticipated to fuel the market growth. Moreover, the advent of the 5G technology is increasing the quality of the internet, therefore enabling fast data sharing and transfer, which is projected to surge the use of cloud storage.

The integration of the latest technologies in cloud storage to enhance its quality and offerings is projected to augment the market growth. This is increasing the deployment of artificial intelligence (AI) to offer Graphic Processing Units (GPUs) in various cloud storages to boost performance and provide a cost-effective solution to various enterprises. In addition, they nullify the risk of backup failure and lost files and ensure business conductivity. Artificial intelligence can also aid in streamlining workloads and automating repetitive tasks, hence improving data management to provide real-time information. Therefore, business users are increasingly deploying cloud storage, which is anticipated to bolster the industry growth in the forecast period.

 

Key Industry Players in the Global Cloud Storage Market

The report presents a detailed analysis of the following key players in the global cloud storage market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Alibaba Group Holding Limited
  • Amazon Web Services, Inc.
  • Dell Inc. 
  • Google LLC
  • Hewlett Packard Enterprise Development LP
  • IBM Corporation
  • Microsoft Corporation
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Deployment Type, Organisation Size, Industry, Region
Breakup by Component Solutions, Service
Breakup by Deployment Type Private, Public, Hybrid
Breakup by Organisation Size Large Enterprise, Small and Medium Enterprise
Breakup by Industry BFSI, Government and Public Sector, Healthcare, IT and Telecom, Retail, Manufacturing, Media and Entertainment, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Alibaba Group Holding Limited , Amazon Web Services, Inc., Dell Inc., Google LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, Microsoft Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Industry Application
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Cloud Storage Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Cloud Storage Historical Market (2016-2020)
    8.3    Global Cloud Storage Market Forecast (2021-2026)
    8.4    Global Cloud Storage Market by Component
        8.4.1    Solutions
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Service
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Cloud Storage Market by Deployment Type
        8.5.1    Private
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Public
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Hybrid
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
    8.6    Global Cloud Storage Market by Organisation Size
        8.6.1    Large Enterprise
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Small and Medium Enterprise
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Cloud Storage Market by Industry
        8.7.1    BFSI
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Government and Public Sector 
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Healthcare 
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    IT and Telecom 
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Retail 
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2016-2020)
            8.7.5.3    Forecast Trend (2021-2026)
        8.7.6    Manufacturing 
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2016-2020)
            8.7.6.3    Forecast Trend (2021-2026)
        8.7.7    Media and Entertainment 
            8.7.7.1    Market Share
            8.7.7.2    Historical Trend (2016-2020)
            8.7.7.3    Forecast Trend (2021-2026)
        8.7.8    Others
    8.8    Global Cloud Storage Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Alibaba Group Holding Limited 
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Amazon Web Services, Inc.
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Dell Inc. 
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Google LLC
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Hewlett Packard Enterprise Development LP
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    IBM Corporation
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    Microsoft Corporation
            11.2.7.1    Company Overview
            11.2.7.2    Product Portfolio
            11.2.7.3    Demographic Reach and Achievements
            11.2.7.4    Certifications
        11.2.8    Others
12    Industry Events and Developments

 

List of Figures and Tables

1.    Global Cloud Storage Market: Key Industry Highlights, 2016 and 2026
2.    Global Cloud Storage Historical Market: Breakup by Components (USD Billion), 2016-2020
3.    Global Cloud Storage Market Forecast: Breakup by Components (USD Billion), 2021-2026
4.    Global Cloud Storage Historical Market: Breakup by Deployment Type (USD Billion), 2016-2020
5.    Global Cloud Storage Market Forecast: Breakup by Deployment Type (USD Billion), 2021-2026
6.    Global Cloud Storage Historical Market: Breakup by Organisation Size (USD Billion), 2016-2020
7.    Global Cloud Storage Market Forecast: Breakup by Organisation Size (USD Billion), 2021-2026
8.    Global Cloud Storage Historical Market: Breakup by Industry (USD Billion), 2016-2020
9.    Global Cloud Storage Market Forecast: Breakup by Industry (USD Billion), 2021-2026
10.    Global Cloud Storage Historical Market: Breakup by Region (USD Billion), 2016-2020
11.    Global Cloud Storage Market Forecast: Breakup by Region (USD Billion), 2021-2026
12.    North America Cloud Storage Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    North America Cloud Storage Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Europe Cloud Storage Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Europe Cloud Storage Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Asia Pacific Cloud Storage Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Asia Pacific Cloud Storage Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Latin America Cloud Storage Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Latin America Cloud Storage Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Middle East and Africa Cloud Storage Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Middle East and Africa Cloud Storage Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Global Cloud Storage Market Structure

Key Questions Answered in the Report

In 2020, the global cloud storage market attained a value of nearly USD 56 billion.

The market is projected to grow at a CAGR of 21.9% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 182 billion by 2026.

The market is being aided by the rising use of cloud storage in government organisations and the healthcare sector.

The industry is expected to be driven by the trend of remote work due to the COVID-19 pandemic, the advent of the 5G technology, and technological advancements.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major components of cloud storage are service and solutions.

The different deployment types of cloud storage in the industry are private, public, and hybrid.

The significant organisation sizes in the market are large enterprises, and small and medium enterprises.

The various industries of cloud storage are BFSI, government and public sector, healthcare, IT and telecom, retail, manufacturing, and media and entertainment, among others.

The major players in the industry are Alibaba Group Holding Limited, Amazon Web Services, Inc., Dell Inc., Google LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, and Microsoft Corporation, among others.

Analyst Review

The global cloud storage market attained a value of about USD 56 billion in 2020, driven by the rising use of cloud storage in the healthcare industry. Aided by the trend of remote work due to the COVID-19 pandemic, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 21.9%. The market is projected to reach nearly USD 182 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By components, the market is categorised into service and solutions. Based on its deployment types, the cloud storage industry can be segmented into private, public, and hybrid. On the basis of organisation sizes, the industry is divided into large enterprises, and medium and small enterprises. By industries, the market is segmented into BFSI, government and public sector, healthcare, IT and telecom, retail, manufacturing, and media and entertainment, among others. The major regional markets for cloud storage are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Alibaba Group Holding Limited, Amazon Web Services, Inc., Dell Inc., Google LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, and Microsoft Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports





NEWSLETTER