Cloud Storage Market: Global Outlook, Business Opportunity, Upcoming Trends, Recent Development, Growth Drivers, Strategy, Key Players, Size, and Forecast: 2022-2031

Cloud storage is a next-generation system that interacts in human language and helps experts to form better decisions by understanding the complexity of unstructured data. The universal market encompasses technologies like tongue processing, machine learning, automated reasoning, and knowledge retrieval, which are utilized in translating unstructured data to sense, infer, and predict best solutions. Cloud storage is a primary component in cloud computing, catering to the requirements of knowledge holding of varied applications like big data analytics, information backup, data archive, Internet of Things (IoT), data warehouse, and lots of others. Cloud storage enhances business operations by leveraging mobile workforce with easy accumulation, archive, access, and data recovery facilities. Also, cloud enables storage scalability with minimal cost as compared to on-premise data centers. Cloud storage has accumulated a concrete consideration among enterprises due to its flexible, authentic, and secure mode of knowledge storage and availability.

The global cloud storage market size is projected to grow USD 137.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.3% during the forecast period.

The global Cloud Storage market is segregated on the basis of Component as Services and Solutions. Based on Type the global Cloud Storage market is segmented in File Storage, Block Storage, and Object Storage. Based on Deployment Model the global Cloud Storage market is segmented in Hybrid Cloud, Public Cloud, and Private Cloud.

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Based on Organization Size, the global Cloud Storage market is segmented in Small and Medium-Sized Enterprises and Large Enterprises. The report also bifurcates the global Cloud Storage market based on Vertical in Healthcare and Life Sciences, Government and Public Sector, Manufacturing, Media and Entertainment, Consumer Goods and Retail, Banking, Financial Services, and Insurance, Telecommunications, IT and ITeS, Energy and Utilities, and Education.

The global Cloud Storage market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Cloud Storage market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

Tencent, Virtustream, Fujitsu, Box, Carbonite, AWS, IBM, Microsoft, Google, Oracle, and others are among the major players in the global Cloud Storage market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

The Cloud Storage Market has been segmented as below:

Cloud Storage Market, By Component


Cloud Storage Market, By Type

File Storage
Block Storage
Object Storage

Cloud Storage Market, By Deployment Model

Hybrid Cloud
Public Cloud
Private Cloud

Cloud Storage Market, By Organization Size

Small and Medium-Sized Enterprises
Large Enterprises

Cloud Storage Market, By Vertical

Healthcare and Life Sciences
Government and Public Sector
Media and Entertainment
Consumer Goods and Retail
Banking, Financial Services, and Insurance
IT and ITeS
Energy and Utilities

Cloud Storage Market, By Region

North America
Rest of the World

Cloud Storage Market, By Company


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The report covers:

Global Cloud Storage market sizes from 2015 to 2024, along with CAGR for 2018-2024
Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
Global Cloud Storage market trends, covering comprehensive range of consumer trends & manufacturer trends
Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Cloud Storage market
Major market opportunities and challenges in forecast timeframe to be focused
Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
Comprehensive company profiles of the key industry players

Report Scope:

The global Cloud Storage market report scope includes detailed study covering underlying factors influencing the industry trends.

The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Cloud Storage market share. Major industry players with significant revenue share include Tencent, Virtustream, Fujitsu, Box, Carbonite, AWS, IBM, Microsoft, Google, Oracle, and others.

Reasons to Buy this Report:

Gain detailed insights on the Cloud Storage industry trends
Find complete analysis on the market status
Identify the Cloud Storage market opportunities and growth segments
Analyse competitive dynamics by evaluating business segments & product portfolios
Facilitate strategy planning and industry dynamics to enhance decision making

Some of the recent Developments in Smart Building market are as follows:


November 01, 2017- IBM declared a new IBM Cloud Private software platform to help companies unlock billions of dollars in technology investment in core data and applications and spread cloud-native tools across public and private clouds.
12 Sep 2017- IBM declared the availability of new SAP-certified bare metal servers for SAP HANA platform deployments in the IBM Cloud and new configurations for VMware environments.


July 16, 2020- Oracle and NIH Collaborate on Cloud System to Support COVID-19 Vaccine Trials.
September 16, 2019- Oracle declared Oracle Cloud Free Tier, including new Always Free services for anyone to try the world’s first self-driving database and Oracle Cloud Infrastructure for an unlimited time.

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