Market Summary
Research Methodology on Cloud Storage Market
Introduction
The aim of this research is to analyze the major drivers, constraints, opportunities and challenges of the cloud storage market. The research report on this topic provides insights into the market dynamics, market trends and key stakeholders and is focused on assessing the market size and value of the global cloud storage market from 2023 to 2032.
Market Research Methodology
In order to accurately analyze the market drivers, constraints, opportunities and challenges of the cloud storage market, Market Research Future (MRFR) has employed an in-depth primary and secondary research technique. First, a comprehensive literature review is conducted to acquire a clear understanding of the research topic and related concepts. Experts in the field of cloud storage were personally interviewed to acquire a deeper understanding of the market dynamics. Extensive secondary research has been carried out to identify the key players in the market and their current strategies.
Data Collection
Data is collected from internet sources, journals, newspapers, magazines, books, case studies, government policies, market reports, and other documents. Data collected usually falls into two main categories: quantitative and qualitative. Quantitative data is derived from methods like surveys, opinion polls, and structured questionnaires. Qualitative data is collected through focus group interviews, group discussions, and literary reviews.
Market Estimation and Forecasting
The market size is derived through secondary sources and verified from primary sources. Revenues from different manufacturers are studied to gain an understanding of the market value. Further, historical data from various sources is looked at for analysis and is then compared against existing economic trends.
Analysis Tools
The data collected is analyzed carefully by using different analytical tools like Porter’s Five Forces analysis, SWOT analysis, opportunity assessment analysis, benchmarking analysis etc. These analysis tools are used to determine the market size, competitive landscape, market trends, and opportunities.
Market Segmentation
The global cloud storage market is segmented into four categories based on type, services, deployment and end user. The types of cloud storage under consideration are public, private, hybrid and multitenant. Furthermore, the services segment is divided into backup and recovery, storage, data protection and others. On the basis of deployment, the market is divided into on-premises and cloud. Likewise, the end-user segment is divided into small and medium businesses and large enterprises.
Market Size & Forecast
Attribute/Metric | Details |
Market Size 2023 | USD 18.75 Billion |
Market Size 2024 | USD 23.43 Billion |
Market Size 2032 | USD 111.75 Billion |
Compound Annual Growth Rate (CAGR) | 21.56% (2024-2032) |
Base Year | 2023 |
Market Forecast Period | 2024-2032 |
Historical Data | 2018- 2022 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Component, Deployment Model, Verticaland Region |
Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
Countries Covered | The analysis encompasses important countries such as the U.S., Canada, Germany, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil. |
Key Companies Profiled | EMC Corporation (U.S.), VMware Inc. (U.S.), Google Inc. (U.S.), and IBM Corporation (U.S.). |
Key Market Opportunities | Blockchain technologies to influence the Internet of Things in the future |
Key Market Dynamics | Availability of inexpensive, low-power sensor technology |
Major Players
Cloud Storage Market Segmentation
Cloud Storage Component Outlook (USD Billion, 2018-2032)
Solution
Service
Cloud Storage Deployment Model Outlook (USD Billion, 2018-2032)
Private
Public
Hybrid
Cloud Storage Vertical Outlook (USD Billion, 2018-2032)
Retail
IT and Telecommunication
Healthcare
BFSI
Cloud Storage Regional Outlook (USD Billion, 2018-2032)
North AmericaOutlook (USD Billion, 2018-2032)
North America Cloud Storage by Component
Solution
Service
North America Cloud Storage by Deployment Model
Private
Public
Hybrid
North America Cloud Storage by Vertical
Retail
IT and Telecommunication
Healthcare
BFSI
US Outlook (USD Billion, 2018-2032)
US Cloud Storage by Component
Solution
Service
US Cloud Storage by Deployment Model
Private
Public
Hybrid
US Cloud Storage by Vertical
Retail
IT and Telecommunication
Healthcare
BFSI
CANADA Outlook (USD Billion, 2018-2032)
CANADA Cloud Storage by Component
Solution
Service
CANADA Cloud Storage by Deployment Model
Private
Public
Hybrid
CANADA Cloud Storage by Vertical
Retail
IT and Telecommunication
Healthcare
BFSI
- Europe Outlook (USD Billion, 2018-2032)
Europe Cloud Storage by Component
Solution
Service
Europe Cloud Storage by Deployment Model
Private
Public
Hybrid
Europe Cloud Storage by Vertical
Retail
IT and Telecommunication
Healthcare
BFSI
Germany Outlook (USD Billion, 2018-2032)
Germany Cloud Storage by Component
Solution
Service
Germany Cloud Storage by Deployment Model
Private
Public
Hybrid
Germany Cloud Storage by Vertical
Retail
IT and Telecommunication
Healthcare
BFSI
France Outlook (USD Billion, 2018-2032)
France Cloud Storage by Component
Solution
Service
France Cloud Storage by Deployment Model
Private
Public
Hybrid
France Cloud Storage by Vertical
Retail
IT and Telecommunication
Healthcare
BFSI
UK Outlook (USD Billion, 2018-2032)
UK Cloud Storage by Component
Solution
Service
UK Cloud Storage by Deployment Model
Private
Public
Hybrid
UK Cloud Storage by Vertical
Retail
IT and Telecommunication
Healthcare
BFSI
ITALY Outlook (USD Billion, 2018-2032)
ITALY Cloud Storage by Component
Solution
Service
ITALY Cloud Storage by Deployment Model
Private
Public
Hybrid
ITALY Cloud Storage by Vertical
Retail
IT and Telecommunication
Healthcare
BFSI
SPAIN Outlook (USD Billion, 2018-2032)
Spain Cloud Storage by Component
Solution
Service
Spain Cloud Storage by Deployment Model
Private
Public
Hybrid
Spain Cloud Storage by Vertical
Retail
IT and Telecommunication
Healthcare
BFSI
Rest Of Europe Outlook (USD Billion, 2018-2032)
Rest Of Europe Cloud Storage by Component
Solution
Service
REST OF EUROPE Cloud Storage by Deployment Model
Private
Public
Hybrid
REST OF EUROPE Cloud Storage by Vertical
Retail
IT and Telecommunication
Healthcare
BFSI
Asia-Pacific Outlook (USD Billion, 2018-2032)
Asia-Pacific Cloud Storage by Component
Solution
Service
Asia-Pacific Cloud Storage by Deployment Model
Private
Public
Hybrid
Asia-Pacific Cloud Storage by Vertical
Retail
IT and Telecommunication
Healthcare
BFSI
China Outlook (USD Billion, 2018-2032)
China Cloud Storage by Component
Solution
Service
China Cloud Storage by Deployment Model
Private
Foam Roofs
Hybrid
China Cloud Storage by Vertical
Retail
IT and Telecommunication
Healthcare
BFSI
Japan Outlook (USD Billion, 2018-2032)
Japan Cloud Storage by Component
Solution
Service
Japan Cloud Storage by Deployment Model
Private
Public
Hybrid
Japan Cloud Storage by Vertical
Retail
IT and Telecommunication
Healthcare
BFSI
India Outlook (USD Billion, 2018-2032)
India Cloud Storage by Component
Solution
Service
India Cloud Storage by Deployment Model
Private
Public
Hybrid
India Cloud Storage by Vertical
Retail
IT and Telecommunication
Healthcare
BFSI
- Australia Outlook (USD Billion, 2018-2032)
Australia Cloud Storage by Component
Solution
Service
Australia Cloud Storage by Deployment Model
Private
Public
Hybrid
Australia Cloud Storage by Vertical
Retail
IT and Telecommunication
Healthcare
BFSI
Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)
Rest of Asia-Pacific Cloud Storage by Component
Solution
Service
Rest of Asia-Pacific Cloud Storage by Deployment Model
Private
Public
Hybrid
Rest of Asia-Pacific Cloud Storage by Vertical
Retail
IT and Telecommunication
Healthcare
BFSI
Rest of the World Outlook (USD Billion, 2018-2032)
Rest of the World Cloud Storage by Component
Solution
Service
Rest of the World Cloud Storage by Deployment Model
Private
Foam Roofs
Hybrid
Rest of the World Cloud Storage by Vertical
Retail
IT and Telecommunication
Healthcare
BFSI
- Middle EastOutlook (USD Billion, 2018-2032)
Middle East Cloud Storage by Component
Solution
Service
Middle East Cloud Storage by Deployment Model
Private
Public
Hybrid
Middle East Cloud Storage by Vertical
Retail
IT and Telecommunication
Healthcare
BFSI
Africa Outlook (USD Billion, 2018-2032)
Africa Cloud Storage by Component
Solution
Service
Africa Cloud Storage by Deployment Model
Private
Public
Hybrid
Africa Cloud Storage by Vertical
Retail
IT and Telecommunication
Healthcare
BFSI
Latin America Outlook (USD Billion, 2018-2032)
Latin America Cloud Storage by Component
Solution
Service
Latin America Cloud Storage by Deployment Model
Private
Public
Hybrid
Latin America Cloud Storage by Vertical
Retail
IT and Telecommunication
Healthcare
BFSI
Leave a Comment