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The data which is stored in and is accessible from multiple distributed and connected resources. This in itself is indicative of the fact of banking institutions could need solutions like cloud storage to handle such amounts of data. We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place. Why waste valuable storage space on your PC or phone when you can store your documents and media in the cloud and share it … According to a study published by CenturyLink, a telecommunications company, the cloud computing technology is expected to generate revenue of USD 411 billion by 2020, across the world. Moreover, cheap and secure storage options result in rapid industrial development. It offers an analysis of changing competitive scenario. Examination of the competitive hierarchy based on market concentration ratio of the listed companies. Market share held by all product segments. It offers a seven-year assessment of Global Consumer Cloud Storage Services Market. © 2020. The market overview, market dynamics, market growth, etc. As worldwide server revenue reached $24 billion in the second quarter of 2020 amid the COVID-19 pandemic, Hewlett Packard Enterprise and Dell Technologies are neck and neck in market-share … Banks, in order to improve the revenue generation, increase customer insights, contain costs, deliver market-relevant products quickly and efficiently, and help monetize enterprise data assets, have started digitizing their working by introducing online portals through which a user can directly complete his work without any need for a bank official's intervention. Some of the prominent players in the market through strategic partnerships, mergers & acquisitions, research & developments have been able to further the technology. What are the trending factors influencing the market shares? For instance, in September 2019,  Facilis Technology announced that it had entered into a strategic partnership with Qualstar on Object Cloud storage solution. The power and also business manufacturing of the significant manufacturers has been mentioned with the technical data. Updates on mergers, acquisitions, and expansion plans of leading players. Also, the hybrid cloud deployment is occupying a continuously increasing share in the cloud market. Cloud Storage Market Size, Share - Growth, Trends, and Forecast (2020 - 2025) The Global Cloud Storage Market is Segmented by Solution (Cloud Storage Gateway, Primary Storage, Backup Storage, Data Archiving), Service (Managed Services, Professional Services), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), End-User, and Geography. Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities. Consumer Cloud Storage Services Market Overview, Global Consumer Cloud Storage Services Production, Revenue, Price Trend by Type, Global Consumer Cloud Storage Services Market Analysis by Applications, Company Profiles and Key Figures in Consumer Cloud Storage Services Business, Consumer Cloud Storage Services Manufacturing Cost Analysis, Marketing Channel, Distributors, and Customers, Global Consumer Cloud Storage Services Market Forecast. Global Consumer Cloud Storage Services Market Size, Share, Growth Survey 2020 to 2026 and Industry Analysis Report, https://www.aeresearch.net/request-sample/265966, https://www.aeresearch.net/request-for-customization/265966, Product types: Below 18 Years, 18-40 Years and Above 40 Years. A survey by Cisco reported that 69% of the IT decision makers favor BYOD as an optimistic addition to workplace policy as it saves workers time. Remuneration accrued by each product type. Software as a Service (SaaS) segment dominated the cloud computing market with a share of over 54% in 2019 owing to its flexible costs, easy maintenance, and deployment. The top cloud providers for 2019 have maintained their positions, but the themes, strategies, and approaches to the market are all in flux. This in itself is indicative of the fact that such an increase would require solutions like cloud storage to handle the surge thereby boosting the growth of the cloud storage over the forecast period. Leading companies: Apple, Google, Box, Dropbox, Amazon, Microsoft, Sync, Hubic, Mediafire and Pcloud. Also, the increasing initiatives from the government or related regulatory bodies pertaining to the storage of large volumes data are propelling the institutions to opt for cloud storage. Regional segmentation: North America, Europe, Asia-Pacific, South America, Middle East & Africa, South East Asia. Moreover, it suggests strategies to tackle the challenges and threats plaguing the business sphere. Based on the service type, the cloud infrastructure services market is segmented into computing as a service, storage as a service, disaster as a service, networking as a service, desktop as a service and managed hosting. This report segments the market by Solution (Cloud Storage Gateway, Primary Storage, Backup Storage, Data Archiving), Service (Managed Services, Professional Services), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), End-User, and Geography. Amazon web services has the largest cloud computing market share in at 32%. Google’s Cloud Platform is estimated by Gartner to command a public cloud market share of 4%, with annual revenues of $1.3 billion and growth of 60% in 2018. The cloud market institutions could need solutions like cloud storage Services market region through Research and development have able! 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