Global Cloud Storage Services Market 2024-2028

Global Cloud Storage Services Market 2024-2028
The cloud storage services market is forecasted to grow by USD 123.84 bn during 2023-2028, accelerating at a CAGR of 19.56% during the forecast period. The report on the cloud storage services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in data generation, need for low capex and opex on it hardware, and significant growth in IoT and big data.

Technavio's cloud storage services market is segmented as below:

By ComponentSolutionsServicesBy End-userLarge enterprisesSMEsBy Geographical LandscapeNorth AmericaAPACEuropeSouth AmericaMiddle East and AfricaThis study identifies the high adoption of cloud storage services by SMEs as one of the prime reasons driving the cloud storage services market growth during the next few years. Also, increasing partnerships and collaborations and emergence of advanced storage technologies will lead to sizable demand in the market.

The report on the cloud storage services market covers the following areas:Cloud storage services market sizingCloud storage services market forecastCloud storage services market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cloud storage services market vendors that include Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cloud Software Group Inc., Dell Technologies Inc., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Huawei Technologies Co. Ltd., International Business Machines Corp., InterVision Systems LLC, Microsoft Corp., NetApp Inc., Nutanix Inc., Oracle Corp., Pure Storage Inc., Rackspace Technology Inc., ServiceNow Inc., Tencent Holdings Ltd., and Toshiba Corp.. Also, the cloud storage services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.