Gartner projects global public cloud revenue will grow 17% in 2020 to $266.4 billion. This is expected to boost the adoption of the cloud storage over the forecast period. AWS was the first cloud computing and offering infrastructure as a service in 2008 and has never looked back as it launches new services at a breakneck pace and is creating its own compute stack that aims to be more efficient and pass those savings along. Report scope can be customized per your requirements. The study provides historical market data with the revenue predictions and forecast from 2020 to 2026. Regional segmentation: North America, Europe, Asia-Pacific, South America, Middle East & Africa, South East Asia. The data which is stored in and is accessible from multiple distributed and connected resources. is a hub for market intelligence products and services. Key growth drivers and opportunities that are slated to influence to profitability graph of the industry over the assessment period are highlighted in the report. Some of the prominent players in the market through strategic partnerships, mergers & acquisitions, research & developments have been able to further the technology. Application spectrum: Adults and Teenagers. Totals sales and revenue records of each region. This in itself is indicative of the fact of banking institutions could need solutions like cloud storage to handle such amounts of data. The key questions answered in this report: Significant Point Mentioned in the Research report: Major Points Covered in Table of Contents: Request Customization on This Report @ https://www.aeresearch.net/request-for-customization/265966. 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. The Best Cloud Storage and File-Sharing Services for 2020. GLOBAL CLOUD STORAGE MARKET FORECAST 2019-2027 Cloud Storage Market by Deployment (Public Cloud, Private Cloud) by Organization Size (Large Enterprise, Small Medium Business) by End Users (Banking, Financial Services & Insurance, Telecommunication, Consumer Goods & Retail, Media & Entertainment, Healthcare & Life Sciences, Government & Other End Users) by Solutions ( Primacy Storage… The market overview, market dynamics, market growth, etc. This is expected to boost the adoption of cloud storage throughout the forecast period. In the latest Consumer Cloud Storage Services market report, numerous aspects pivotal to the industry augmentation in the recent past as well as the key global developments are analyzed to help businesses stay ahead of the curve. Cloud Storage Market Size & Growth (2019 - 2024) The cloud storage market is expected to grow from USD 32.72 billion in 2019 to USD 106.71 billion by 2024, with an average annual growth rate (CAGR) of 23.76% over the forecast period. Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities. © 2020 aeresearch.net. Sep 24, 2020 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry." The global cloud storage market size stood at USD 49.13 billion in 2019 and is projected to reach USD 297.54 billion by 2027, exhibiting a CAGR of 25.3% during the forecast period. © 2020. Basic business information, along with product portfolio comprising detailed specifications and top applications. All Rights Reserved. North America is expected to hold a significant share owing to early adoption of new technologies,  huge investments in R&D for the cloud-based solutions, and enhanced IT infrastructure. The cloud enables the bank to synchronize the enterprise; to break down operational and data silos across risk, finance, regulatory, customer support, amongst others and more importantly, it allows such institutions to combine such massive data sets in one place, and can apply advanced analytics for integrated insights. This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. Request Sample Copy of this Report @ https://www.aeresearch.net/request-sample/265966. MARKET OPPORTUNITIES AND FUTURE TRENDS. One of the highest-growth secular tech trends of the 2020s will be cloud computing. As Financial services organizations worldwide in order to store and retain large volumes of communications are under increasing pressure from MiFID II, MAR, Dodd-Frank and FX Code of Conduct as regulations mandate recording of greater numbers of regulated users, asset classes, channels & devices. This is expected to boost the cloud storage market’s growth over the forecast period. For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies. Click here. Cloud Storage Services Market Report Coverage: Key Growth Factors & Challenges, Segmentation & Regional Outlook, Top Industry Trends & Opportunities, Competition Analysis, COVID-19 Impact Analysis & Projected Recovery, and Market Sizing & Forecast. The increasing data breaches in the banking sector is propelling the banks to adopt cloud storage that allows them to store data in a space managed and owned by the bank or a third party that offers better security to the end-user. 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