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Cloud Storage Services Market Report 2020 – Global Manufacturing Companies Analysis by Growth Factors, Revenue and CAGR of over 28% by Forecast to 2024 | Industry Research.co

February 10, 2020 | About:

The Cloud Storage Services market report contains a detailed analysis of manufacturers profiles, which include financial health, CAGR, working capital, enterprise value, business units, key business priorities, SWOT, strategies, views, and competitive landscape.

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Global “Cloud Storage Services” market growth prospects report shows market dynamics, industry size and shares over the coming years and discussion of the key manufacturers effective in this market. Cloud Storage Services market report focuses on the increase in future revenue and profitability with the help of insights into future opportunities, challenges, and critical success factors. The report aims to deliver an opportunity for companies to recognize the modern trends, present Cloud Storage Services market situation, government initiatives, and technologies related to the market.

Global Cloud Storage Services market size is estimated to grow at CAGR of over 28% with Revenue USD 73.21 billion during the forecast period 2020-2024. The "YOY (year-over-year) growth rate for 2020 is estimated at 33.27%" by the end of 2024.

Cloud Storage Services Market Overview:

Cloud Storage Services Market analysis considers sales from both large enterprises and SMEs end-users. Our study also finds the sales of cloud storage services in APAC, Europe, MEA, North America, and South America. In 2018, the large enterprise's segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as growing internet traffic will play a significant role in the large enterprises' segment to maintain its market position. Also, our global cloud storage services market report looks at factors such as rising enterprise mobility and need to improve efficiency, need for low CAPEX and OPEX on IT hardware, and significant growth in IoT and big data. However, vendor lock-in issues, migration, latency, and compatibility issues, and stringent government regulations may hamper the growth of the cloud storage services industry over the forecast period.

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Top Manufacturers of Cloud Storage Services Market Report Are:

  • Alibaba Cloud
  • Amazon Web Services Inc.
  • Dell Technologies Inc.
  • Fujitsu Ltd.
  • Google LLC
  • Hewlett Packard Enterprise Co.
  • Hitachi Ltd.
  • International Business Machines Corp.
  • Microsoft Corp.
  • and Oracle Corp.

Global Cloud Storage Services Market size is providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. The Global Cloud Storage Services market trends and marketing channels are analyzed in this study. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered.

Market Dynamics of Global Cloud Storage Services Market:

Drivers: Significant Growth In Iot And Big Data.

Trends: High Adoption Of Cloud Data Services By Smes.

Opportunity: Need For Low Capex And Opex On It Hardware.

Significant growth in IoT and big data

With the growing adoption of digitization, the amount of data being generated has increased exponentially in recent years. As a result, enterprises need servers with high storage and computation power. This has led to an increase in the adoption of cloud storage services. Furthermore, enterprises are increasingly using advanced technologies, including IoT, AI, Big Data, and Machine Learning, for analyzing and interpreting large volumes of data. Some of the prominent technology giants in the market are offering high-performance storage and distributed storage options while enhancing their service capabilities to support big data analytics. Thus, with adoption of IoT and Big Data among enterprises, the demand for cloud storage services which will lead to the expansion of the global cloud storage services market at a CAGR of over 28% during the forecast period.

High adoption of cloud data services by SMEs

Enterprises across the globe are focusing on minimizing their overall CAPEX by deploying innovative technologies. SMEs are increasingly adopting cloud solutions as they can avail IT resources as and when required. As a result, the demand for cloud storage services is increasing as they help SMEs with cross-platform solutions to build web, desktop, and mobile apps for any device and application architecture. Furthermore, cloud storage solutions enable the deployment of applications without the necessity for provisioning hosting capabilities. This, in turn, aid the SMEs in saving costs incurred in buying, upgrading, and managing the existing hardware and software. Thus, the growing benefits of cloud data services are boosting their adoption by SMEs, in turn, driving the market growth during the forecast period.

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What Cloud Storage Services Market Report Delivers:

  • Comprehensive analysis of the global as well as regional markets of the Cloud Storage Services market.
  • Complete coverage of all the segments in the Cloud Storage Services market to analyze the trends, developments in the global market and forecast of market size up to 2024.
  • Comprehensive analysis of the companies operating in the global Cloud Storage Services market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
  • The growth matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

Key Benefits of Cloud Storage Services Market Report:

  • Major countries in each region are mapped according to individual market revenue.
  • Comprehensive analysis of factors that drive and restrict the market growth is provided.
  • The report includes an in-depth analysis of current research and developments within the market.
  • Key players and their key developments in the recent years are listed.

Important Regions Covered in the Cloud Storage Services Market:

  • Americas
  • APAC
  • EMEA

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List of Exhibits in Cloud Storage Services Market Report:

  • Exhibit 01: Prominent vendors and product offerings
  • Exhibit 02: Impact of drivers
  • Exhibit 03: Impact of drivers and challenges
  • Exhibit 04: Key countries in each region
  • Exhibit 05: Global Market shares by geographies 2020
  • Exhibit 06: Global Cloud Storage Services Market shares by geographies 2024
  • Exhibit 07: Geographical segmentation by revenue 2020

And Continued…

Some Major Point Cover in this Cloud Storage Services Market Report are: -

  • What will the market growth rate, Overview and Analysis by Type of Cloud Storage Services market in 2024?
  • What are the key factors driving, Analysis by Applications and Countries Cloud Storage Services market?
  • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Manufacturers Profiles of Cloud Storage Services market?
  • Who are Opportunities, Risk and Driving Force of Cloud Storage Services market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
  • Who are the key vendors in Cloud Storage Services market space? Business Overview by Gross Margin and Market Share, Type and Applications
  • What are the Cloud Storage Services market opportunities and threats faced by the vendors in the Cloud Storage Services market?

Detailed TOC of Cloud Storage Services Market Forecast Report 2020-2024:



  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$


  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
  • Value chain analysis


  • Market definition
  • Market sizing 2019
  • Market size and forecast 2019-2024
  • Market outlook


  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition


  • Market segmentation by product
  • Comparison by product
  • Market opportunity by product



  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • Asia - Market size and forecast 2019-2024
  • ROW - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity



  • Market drivers
  • Market challenges



  • Overview
  • Landscape disruption
  • Competitive scenario



  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors


Click Here for Detailed TOC

Contact Us:

Name: Ajay More

Phone: US +14242530807/ UK +44 20 3239 8187

Email: [email protected]

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