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May 28, 20213 min read

Global Cloud Object Storage Market by Forecast, Share, Size, Future Demand, Global Research, Top Lea


Market Overview:

The Global Cloud Object Storage Market is segmented based on service, organization size, cloud deployment and end-user. By cloud deployment it consists of public, private and hybrid. Cloud solution accounts for highest market share as it helps enterprises by minimizing cost associated with the IT infrastructure. Cloud solutions enable enterprise to focus on core business competencies. It provides enterprises with data protection and security, efficiently manage storage and privacy issues, offers data integrity, and provides information related to governance and make enterprise legally prepared.

The major growth driver of cloud object storage market includes growing demand for technologically upgraded services, growing expansion of professional and managed services, and increasing awareness about cost-effective cloud services, among others.

The cloud object storage market is expected to grow at approximately USD 6 Billion by 2023, at 14% of CAGR between 2017 and


Competitive Analysis:

The eminent contenders in the cloud storage market are IBM Corporation (U.S.), Amazon Web Services (U.S.), Microsoft Corporation (U.S.), HP Enterprise Company (U.S.), Google, Inc. (U.S.), Oracle Corporation (U.S.), Rackspace Hosting, Inc. (U.S.), EMC Corporation (U.S.), VMware, Inc. (U.S.), Dropbox, Inc. (U.S.) among others.


Segmental Overview:

The segmental assessment of the cloud storage market is carried out on the basis of component, deployment model, vertical, and region. Based on the component, the cloud storage market is segmented into solution and service. The solution sub-segment includes primary storage, data archiving, cloud storage gateway, disaster recovery & back up storage. The service sub-segment includes cloud integration & migration, training and consulting, managed services, and support & maintenance. Based on the deployment model, the cloud storage market is segmented into the hybrid cloud, private cloud, and public cloud. On the basis of vertical, the cloud storage market is segmented into IT & telecommunication, government, retail & e-commerce, BFSI, Travel & hospitality, healthcare, education, and others. Based on the regions, the cloud storage market is segmented into Asia Pacific, North America, Europe, and the rest of the regions.


Regional Analysis

The regional examination of the cloud storage market is being considered for regions such as Asia Pacific, North America, Europe, and the rest of the global regions. The North American regional market is anticipated to be responsible for the principal share of the global market it has been noted. The maximum market share is credited to the early use of pioneering technologies and superior funding in cloud-based solutions in the North America region. At the same time, the Asia-Pacific regional market is probable to develop at the best ever rate for the phase of the forecast.


Industry News:

The global Cloud Object Storage Market has been affected due to the lockdown across the regions. This pandemic situation has hampered the Cloud Object Storage Market as well as its productivity, supply chain, and others. Moreover, the global market has lost its investors due to the increasing loss for the products, supply, transportation, workforce, and others. However, in the meantime, the key market players have implied various strategic techniques to boost global market growth. Thus, to meet the global market demands, the global market increased its speed in producing more valuable products for its intended customers. Recently, the global market has stabilized its position in the global market and is expected to register a higher Cloud Object Storage Market Size for the forecast period.


Table of Contents:

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

Continued….



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