Updates on mergers, acquisitions, and expansion plans of leading players. The Best Cloud Storage and File-Sharing Services for 2020. The increasing volume of data being uploaded on the servers of the enterprises has resulted in the need for high-end security, SSL, well-defined sharing, along with cost-effective options within the organization.For instance, on an average of approximately 60 million photos are uploaded daily by Instagram users, globally, and is rapidly increasing, owing to the company’s new policy associated with multiple uploads. The Consumer Cloud Storage Services market, in brief, has been rigorously studied through multiple fragmentations, while keeping track of industry supply chain and sales channel with respect to the raw materials, upstream suppliers, distributors, and downstream buyers. Annual growth rate of each regional market over the estimated timeframe. Details regarding consumption value and volume of each applications. 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. Gartner projects global public cloud revenue will grow 17% in 2020 to $266.4 billion. Report scope can be customized per your requirements. 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. A recent market research report added to repository of Credible Markets is an in-depth analysis of “Global Cloud Storage Services Market… Complete Market Research, Market Analysis, CAGR, Trends, Major Players, Market Share, Market Size. is a hub for market intelligence products and services. Examination of the competitive hierarchy based on market concentration ratio of the listed companies. For instance, in February 2018, Google opened its first  Google Cloud Platform (GCP) region in Canada, with reduced prices for Google Cloud Storage infrequent access and cold storage classes, as well as its Nearline Storage features, for users in the region. Cloud storage is a service model that offers a platform to maintain, manage, and backup data remotely and at the same time, ensure data availability to users over a network (typically the Internet). Basic business information, along with product portfolio comprising detailed specifications and top applications. Moreover, cheap and secure storage options result in rapid industrial development. All Rights Reserved to Mordor Intelligence. Why waste valuable storage space on your PC or phone when you can store your documents and media in the cloud and share it … 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. To understand key trends, Download Sample Report. Sep 24, 2020 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry." MARKET OPPORTUNITIES AND FUTURE TRENDS. For instance, in June 2019, Indian Army announced its plans to expand its cloud computing network for storing and sharing operational and personnel information such as deployments, movement of formations and health and service records. Totals sales and revenue records of each region. Regional segmentation: North America, Europe, Asia-Pacific, South America, Middle East & Africa, South East Asia. Consumer Cloud Storage Services Latest Research Report. 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. What are the risks and challenges in front of the market? This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. 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