Global Cloud Storage Market Overview and Forecast

The global Cloud Storage market was valued at US$ 92.26 Bn. in 2023 and is projected to reach US$ 283.60 Bn. by 2030, growing at a CAGR of 17.4% during the forecast period.

Market Overview

This comprehensive study aims to provide an in-depth analysis of the Cloud Storage market segmented by component, application, industry, and geography. The research delves into the key drivers propelling market growth and offers a detailed examination of the market's value chain.

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Market Scope

The research methodology begins with secondary research, utilizing sources that collect revenue data from key suppliers. Market segmentation is calculated considering vendor offerings. The overall market size was determined using the bottom-up approach, based on the revenues of significant companies.

Drivers

The report identifies the major drivers and restraints influencing the Cloud Storage market. These factors are thoroughly covered to provide a clear understanding of market dynamics.

Segmentation

For segmentation details

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

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Key Players

The report includes analysis of major players in the Cloud Storage market, such as: 

1. Amazon Web Services, Inc (US)
2. Google (US)
3. Microsoft (US)
4. IBM (US)
5. Wasabi (US)
6. Oracle (US)
7. Rackspace Technology (US)
8. Hewlett Packard Enterprise (US)
9. Dell Technologies (US)
10. Dropbox (US)
11. VMware (US)
12. NetApp (US)
13. Hitachi Vantara (US)
14. Scality (US)
15. Citrix (US)
16. DigitalOcean (US)
17. Zadara (US)
18. Cisco Systems, Inc. (US)
19. Data direct Networks (US)
20. MongoDB, Inc. (US)
21. Alibaba Cloud (China)

Regional Analysis

Market share statistics for global regions, including North America, Europe, Asia-Pacific, the Middle East, Africa, and South America, are available individually. Analysts at Maximize conduct competitive strength assessments and analysis for each competitor.

COVID-19 Impact Analysis on Cloud Storage Market

The COVID-19 pandemic has affected various industries such as aerospace and defense, agriculture, automotive, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, and financial services. The report analyzes the impact of COVID-19 on the Cloud Storage market, including the growth rate in 2019-2020, and provides insights for businesses navigating the pandemic.

Key Questions Answered in the Cloud Storage Market Report

• Which segment captured the largest market share in the Cloud Storage market?
• What was the competitive landscape of the Cloud Storage market in 2020?
• What are the key factors driving the growth of the Cloud Storage market?
• Which region held the largest market share in the Cloud Storage market in 2020?

About Maximize Market Research

Maximize Market Research is a versatile market research and consulting firm with expertise in various industries including medical devices, pharmaceuticals, engineering, electronic components, industrial equipment, technology, automotive, chemicals, general merchandise, beverages, personal care, and automated systems. Our services include market-verified industry estimations, technical trend analysis, strategic advice, competitive analysis, production and demand analysis, and client impact studies.

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