出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2024年2月
Cloud Storage Market – Global Forecast to 2028
クラウドストレージ市場 : オファリング [ストレージ タイプ (オブジェクト、ファイル、ブロック)、サービス]、ユースケース (事業継続性、用途管理、データ管理)、導入モデル、組織規模、業種＆地域別 – 2028年までの世界予測
Cloud Storage Market by Offering (Storage Type (Object, File, Block), Services), Use Case (Business Continuity, Application Management, Data Management), Deployment Model, Organization Size, Vertical and Region – Global Forecast to 2028
| ページ数 | 294 |
| 図表数 | 350 |
| 種別 | 英文調査報告書 |
| 価格 |
Report Overview
The Cloud Storage market size is expected to grow from USD 99.2 billion in 2023 to USD 234.9 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 18.8% during the forecast period.
クラウドストレージ市場規模は、予測期間中に 18.8% の年間平均成長率 (CAGR) で、2023 年の 992 億米ドルから 2028 年までに 2,349 億米ドルに成長すると予想されています。
The market has excellent growth opportunities, such as convenient deployment in remote areas with remote management support, flexibility and ease of access, redundancy for backup, demand for advanced technologies implementation/practice such as AI and 5G, and demand increase in government policies and schemes to leverage Cloud Storage adoption across verticals and regions.
“By organization size, large enterprises to record a larger market share during the forecast period.“
Enterprises with more than 1,000 employees are categorized as large enterprises. The adoption of cloud storage solutions in large enterprises is witnessed due to the high volumes of data generated that must be managed without investing huge budgets. With the ever-increasing data volumes, large enterprises need to invest in the storage infrastructure for primary data storage and backup. Large enterprises widely adopt cloud storage solutions and associated services to reduce the CAPEX and OPEX on storage infrastructure. This trend is expected to continue during the forecast period.
“By deployment model, the hybrid cloud segment will hold the highest CAGR during the forecast period.”
Hybrid cloud storage seamlessly combines the advantages of both on-premises and cloud-based solutions, providing a flexible and scalable infrastructure for businesses. This model stores and manages data across private and public cloud services. The deployment of cloud storage over a hybrid cloud architecture offers numerous benefits. First and foremost, it allows organizations to balance the control and security of on-premises infrastructure and the agility and cost-effectiveness of the cloud. Critical and sensitive data can be stored on-premises, while non-sensitive or less critical data can be offloaded to the cloud, optimizing resource utilization. The hybrid approach also enables dynamic scalability, allowing businesses to seamlessly expand their storage capacity as needed without the limitations of traditional on-premises systems. Moreover, it enhances data accessibility and availability, ensuring users can retrieve and collaborate on information from anywhere, fostering increased productivity and efficiency. Ultimately, deploying cloud storage over a hybrid cloud infrastructure empowers organizations to tailor their solutions to their specific needs, delivering a robust and adaptive storage environment.
“By vertical, the BFSI segment is projected to hold the highest market share during the forecast period.”
The BFSI industry is rapidly adopting electronic banking, paperless storage, and virtualization, which has increased the demand for safe, resilient, cost-effective, and energy-efficient Cloud Storage solutions. As the BFSI industry deals with vast amounts of customers’ data regularly, it requires reliable IT equipment to store and manage it. Reliable data centers must offer uninterrupted financial services and improve the response time for running end-user applications. Cloud Storage provides agility in computing power, reduces computational time for BFSI institutions, and ensures business continuity by focusing on management, scalability, efficiency, and energy efficiency. Therefore, Cloud Storage solutions are essential in minimizing business continuity risk and providing cost-effective solutions in the BFSI sector.
The breakup of the profiles of the primary participants is below:
§ By Company Type: Tier I: 32%, Tier II: 49%, and Tier III: 19%
§ By Designation: C-Level Executives: 33%, Director Level: 22%, and *Others: 45%
§ By Region: North America: 40%, Europe: 20%, Asia Pacific: 35%, **RoW: 5%
* Others include sales managers, marketing managers, and product managers
**RoW include Middle East & Africa and Latin America
Note: Tier 1 companies have revenues of more than USD 100 million; tier 2 companies’ revenue ranges from USD 10 million to USD 100 million; and tier 3 companies’ revenue is less than 10 million
Source: Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis
Key Players
Some of the key players operating in the Cloud Storage market are IBM (US), AWS (US), Google (US), Microsoft (US), Alibaba Cloud (China), Huawei Cloud (China), Oracle (US), Rackspace Technology (US), HPE (US), Dell (US), VMware (US), among others.
Research coverage:
The market study covers the Cloud Storage market across segments. It aims to estimate the market size and the growth potential across different segments such as offering, use cases, deployment model, organization size, vertical, and region. It includes an in-depth competitive analysis of the key players in the market, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Reasons to buy this report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall Cloud Storage market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers, restraints, opportunities, and challenges influencing the growth of the Cloud Storage market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Cloud Storage market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the Cloud Storage market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Cloud Storage market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as AWS, IBM, Google, Microsoft, and Oracle in the Cloud Storage market.
Table of Contents
1 INTRODUCTION 43
1.1 STUDY OBJECTIVES 43
1.2 MARKET DEFINITION 43
1.2.1 INCLUSIONS AND EXCLUSIONS 44
1.3 MARKET SCOPE 45
1.3.1 MARKET SEGMENTATION 45
1.3.2 REGIONS COVERED 45
1.3.3 YEARS CONSIDERED 46
1.4 CURRENCY CONSIDERED 46
TABLE 1 USD EXCHANGE RATES, 2018–2022 46
1.5 STAKEHOLDERS 47
1.6 SUMMARY OF CHANGES 47
1.6.1 RECESSION IMPACT 47
2 RESEARCH METHODOLOGY 49
2.1 RESEARCH DATA 49
FIGURE 1 RESEARCH DESIGN 49
2.1.1 SECONDARY DATA 50
2.1.1.1 Secondary sources 50
2.1.2 PRIMARY DATA 50
2.1.2.1 Breakdown of primary interviews 51
2.1.2.2 Key industry insights 51
2.2 MARKET FORECAST 52
TABLE 2 FACTOR ANALYSIS 52
2.3 MARKET SIZE ESTIMATION 53
FIGURE 2 TOP-DOWN AND BOTTOM-UP APPROACHES 53
2.3.1 TOP-DOWN APPROACH 53
FIGURE 3 TOP-DOWN APPROACH: REVENUE OF VENDORS OFFERING CLOUD STORAGE SOLUTIONS AND SERVICES 54
2.3.2 BOTTOM-UP APPROACH 54
FIGURE 4 BOTTOM-UP APPROACH: REVENUE OF VENDORS FROM VERTICALS 55
FIGURE 5 BOTTOM-UP APPROACH (SUPPLY-SIDE): COLLECTIVE REVENUE OF CLOUD STORAGE VENDORS 55
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: CAGR PROJECTIONS FROM SUPPLY SIDE 56
2.4 DATA TRIANGULATION 57
2.5 RESEARCH ASSUMPTIONS 57
TABLE 3 RESEARCH ASSUMPTIONS 57
2.6 IMPACT OF RECESSION ON GLOBAL CLOUD STORAGE MARKET 58
2.7 RESEARCH LIMITATIONS 60
3 EXECUTIVE SUMMARY 61
3.1 OVERVIEW OF RECESSION IMPACT 62
FIGURE 7 CLOUD STORAGE MARKET: RECESSION IMPACT 63
FIGURE 8 TOP-GROWING SEGMENTS IN CLOUD STORAGE MARKET 64
FIGURE 9 CLOUD STORAGE MARKET: REGIONAL SNAPSHOT 64
4 PREMIUM INSIGHTS 66
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN CLOUD STORAGE MARKET 66
FIGURE 10 FOCUS ON IMPROVING CUSTOMER EXPERIENCE AND SIMPLIFYING ENTERPRISE CLOUD STORAGE TO DRIVE ADOPTION OF CLOUD STORAGE MARKET 66
4.2 CLOUD STORAGE MARKET, BY OFFERING, 2023 VS. 2028 66
FIGURE 11 STORAGE TYPE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 66
4.3 CLOUD STORAGE MARKET, BY STORAGE TYPE, 2023 VS. 2028 67
FIGURE 12 FILE STORAGE SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 67
4.4 CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023 VS. 2028 67
FIGURE 13 PUBLIC CLOUD SEGMENT TO HOLD LARGEST SHARE DURING FORECAST PERIOD 67
4.5 CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023 VS. 2028 68
FIGURE 14 LARGE ENTERPRISES SEGMENT TO HOLD LARGER SHARE DURING FORECAST PERIOD 68
4.6 CLOUD STORAGE MARKET, BY APPLICATION, 2023 VS. 2028 68
FIGURE 15 BACKUP & RECOVERY SEGMENT TO HOLD LARGEST SHARE DURING FORECAST PERIOD 68
4.7 CLOUD STORAGE MARKET, BY VERTICAL, 2023 VS. 2028 69
FIGURE 16 BFSI SEGMENT TO HOLD LARGEST SHARE DURING FORECAST PERIOD 69
4.8 CLOUD STORAGE MARKET: REGIONAL SCENARIO, 2023–2028 69
FIGURE 17 ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS 69
5 MARKET OVERVIEW AND INDUSTRY TRENDS 70
5.1 INTRODUCTION 70
5.2 MARKET DYNAMICS 70
FIGURE 18 CLOUD STORAGE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 70
5.2.1 DRIVERS 71
5.2.1.1 Increasing trend of green IT worldwide 71
5.2.1.2 Surge in data generation 71
FIGURE 19 CLOUD STORAGE SOLUTION USERS, BY STORED FILE TYPE 72
5.2.1.3 Growing need for remote access to data 72
FIGURE 20 MOST USED CLOUD STORAGE SERVICES, 2020 73
5.2.1.4 On-demand availability and low cost of cloud storage 73
5.2.2 RESTRAINTS 73
5.2.2.1 Lifetime storage and egress costs of public cloud environments 73
5.2.2.2 Latency and network outage issues 74
5.2.2.3 Growth of metadata 74
5.2.3 OPPORTUNITIES 74
5.2.3.1 Rising adoption of hybrid cloud 74
5.2.3.2 Growing focus on edge computing 74
5.2.3.3 Emergence of storage area network architecture 75
5.2.3.4 Integration of artificial intelligence in cloud storage solutions 75
5.2.3.5 Incorporation of containerization technology in cloud storage solutions 75
5.2.4 CHALLENGES 76
5.2.4.1 Data privacy issues, security concerns, and threat of ransomware 76
5.3 CASE STUDY ANALYSIS 76
5.3.1 NIO PRIVATE CLOUD STORAGE FOR IMPROVED SECURITY 76
5.3.2 IBM TO AID AUTOMATION OPERATIONS IN COFFEE COUNTY 77
5.3.3 TIMELY MAINTENANCE AND DELIVERY OF DATA REPORTS USING GOOGLE CLOUD STORAGE 78
5.3.4 AMAZON S3 DEPLOYED TO REDUCE MAINTENANCE COST 78
5.3.5 SCALITY RING UTILIZED TO ADD AND STREAM CONTENT 78
5.4 ECOSYSTEM ANALYSIS 79
FIGURE 21 ECOSYSTEM MAPPING 79
5.5 SUPPLY CHAIN ANALYSIS 80
5.5.1 SOFTWARE/SOLUTION PROVIDERS 80
5.5.2 SERVICE PROVIDERS 80
5.5.3 SYSTEM INTEGRATORS 81
5.5.4 DISTRIBUTORS 81
5.5.5 END USERS 81
FIGURE 22 SUPPLY CHAIN ANALYSIS 81
5.6 TECHNOLOGY ANALYSIS 81
5.6.1 KEY TECHNOLOGIES 81
5.6.1.1 Data encryption 81
5.6.1.2 Object storage 82
5.6.1.3 Content Delivery Networks (CDNs) 82
5.6.2 COMPLEMENTARY TECHNOLOGIES 82
5.6.2.1 Data synchronization 82
5.6.2.2 Storage virtualization 83
5.6.2.3 Cloud migration 83
5.6.3 ADJACENT TECHNOLOGIES 83
5.6.3.1 Blockchain 83
5.6.3.2 Artificial Intelligence/Machine Learning 84
5.6.3.3 5G Technology 84
5.7 PRICING ANALYSIS 85
5.7.1 INDICATIVE PRICING ANALYSIS 85
TABLE 4 INDICATIVE PRICING ANALYSIS OF CLOUD STORAGE MARKET SOLUTIONS, BY KEY PLAYER 85
5.8 BUSINESS MODEL ANALYSIS 86
5.8.1 SUBSCRIPTION-BASED MODELS 87
5.8.2 CONSULTING AND IMPLEMENTATION SERVICES 87
5.8.3 CLOUD-BASED AND USAGE-BASED PRICING 87
5.8.4 PARTNERSHIPS AND ECOSYSTEMS 87
5.8.5 CUSTOMER RETENTION AND UPSELLING 87
5.9 PATENT ANALYSIS 88
FIGURE 23 NUMBER OF PATENTS PUBLISHED, 2012–2023 88
FIGURE 24 TOP FIVE PATENT OWNERS (GLOBAL), 2023 88
TABLE 5 TOP TEN PATENT OWNERS, 2023 89
TABLE 6 PATENT ANALYSIS, 2021–2023 89
5.10 PORTER’S FIVE FORCES ANALYSIS 91
FIGURE 25 PORTER’S FIVE FORCES ANALYSIS 91
TABLE 7 IMPACT OF PORTER’S FIVE FORCES 91
5.10.1 THREAT OF NEW ENTRANTS 92
5.10.2 THREAT OF SUBSTITUTES 92
5.10.3 BARGAINING POWER OF SUPPLIERS 92
5.10.4 BARGAINING POWER OF BUYERS 92
5.10.5 INTENSITY OF COMPETITIVE RIVALRY 93
5.10.6 REGULATORY LANDSCAPE 93
TABLE 8 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 93
TABLE 9 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 94
TABLE 10 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 95
TABLE 11 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 95
5.11 KEY CONFERENCES AND EVENTS 96
TABLE 12 KEY CONFERENCES AND EVENTS, 2024 96
5.12 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 97
FIGURE 26 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN CLOUD STORAGE MARKET 97
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 97
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 97
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS 98
TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS (%) 98
5.13.2 BUYING CRITERIA 98
FIGURE 28 KEY BUYING CRITERIA FOR TOP THREE VERTICALS 98
TABLE 14 KEY BUYING CRITERIA FOR TOP THREE VERTICALS 99
6 CLOUD STORAGE MARKET, BY OFFERING 100
6.1 INTRODUCTION 101
6.1.1 OFFERING: CLOUD STORAGE MARKET DRIVERS 101
FIGURE 29 STORAGE TYPE ACCOUNTED FOR LARGER MARKET SIZE IN 2023 101
TABLE 15 CLOUD STORAGE MARKET, BY OFFERING, 2019–2022 (USD MILLION) 102
TABLE 16 CLOUD STORAGE MARKET, BY OFFERING, 2023–2028 (USD MILLION) 102
6.2 STORAGE TYPE 102
FIGURE 30 FILE STORAGE DOMINATED MARKET IN 2023 102
TABLE 17 CLOUD STORAGE MARKET, BY STORAGE TYPE, 2019–2022 (USD MILLION) 103
TABLE 18 CLOUD STORAGE MARKET, BY STORAGE TYPE, 2023–2028 (USD MILLION) 103
TABLE 19 STORAGE TYPE: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 103
TABLE 20 STORAGE TYPE: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 103
6.2.1 OBJECT STORAGE 104
6.2.1.1 Object storage systems to be highly scalable and can quickly grow to accommodate increasing data volumes 104
TABLE 21 OBJECT STORAGE: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 104
TABLE 22 OBJECT STORAGE: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 104
6.2.1.2 S3-compatible object storage 104
6.2.1.3 Swift-compatible object storage 105
6.2.2 BLOCK STORAGE 105
6.2.2.1 Increasing demand for high-performance storage solutions to be fulfilled by block storage 105
TABLE 23 BLOCK STORAGE: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 105
TABLE 24 BLOCK STORAGE: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 105
6.2.2.2 SSD block storage 106
6.2.2.3 HDD block storage 106
6.2.3 FILE STORAGE 106
6.2.3.1 File storage to provide flexibility to scale storage resources on-demand 106
TABLE 25 FILE STORAGE: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 106
TABLE 26 FILE STORAGE: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 107
6.2.3.2 NFS-based file storage 107
6.2.3.3 SMB-based file storage 107
6.3 SERVICES 107
TABLE 27 SERVICES: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 107
TABLE 28 SERVICES: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 108
6.3.1 TRAINING & CONSULTING 108
6.3.1.1 Training & consulting to help implement access controls and ensure compliance with data protection regulations 108
6.3.2 INTEGRATION & IMPLEMENTATION 108
6.3.2.1 Cloud storage solutions to ensure data persistence and scalability for containerized applications 108
6.3.3 SUPPORT & MAINTENANCE 108
6.3.3.1 Support services to focus on securing data, implementing encryption access controls, and ensuring compliance 108
7 CLOUD STORAGE MARKET, BY APPLICATION 109
7.1 INTRODUCTION 110
7.1.1 APPLICATION: CLOUD STORAGE MARKET DRIVERS 110
FIGURE 31 BACKUP & RECOVERY DOMINATED MARKET IN 2023 110
TABLE 29 CLOUD STORAGE MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 111
TABLE 30 CLOUD STORAGE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 111
7.2 BUSINESS CONTINUITY 111
7.2.1 BACKUP & RECOVERY 111
7.2.1.1 Enabling faster and more efficient data recovery strategies based on historical patterns and real-time insights 111
TABLE 31 BACKUP & RECOVERY: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 112
TABLE 32 BACKUP & RECOVERY: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 112
7.2.2 DATA ARCHIVING 112
7.2.2.1 Providing scalable and persistent storage solutions for serverless computing platforms 112
TABLE 33 DATA ARCHIVING: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 113
TABLE 34 DATA ARCHIVING: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 113
7.3 DATA MANAGEMENT 113
7.3.1 BIG DATA & ANALYTICS 113
7.3.1.1 Cloud storage solutions to include tools and services for data integration and transformation 113
TABLE 35 BIG DATA & ANALYTICS: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 114
TABLE 36 BIG DATA & ANALYTICS: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 114
7.3.2 DATABASE STORAGE MANAGEMENT 114
7.3.2.1 Integration of cloud storage solutions with Kubernetes for dynamic provisioning and orchestration of storage resources 114
TABLE 37 DATABASE STORAGE MANAGEMENT: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 115
TABLE 38 DATABASE STORAGE MANAGEMENT: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 115
7.4 APPLICATION MANAGEMENT 115
7.4.1 CONTENT DELIVERY & DISTRIBUTION 115
7.4.1.1 AI-driven automation to optimize storage resource allocation and management 115
TABLE 39 CONTENT DELIVERY & DISTRIBUTION: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 116
TABLE 40 CONTENT DELIVERY & DISTRIBUTION: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 116
7.4.2 OTHER APPLICATIONS 116
TABLE 41 OTHER APPLICATIONS: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 117
TABLE 42 OTHER APPLICATIONS: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 117
8 CLOUD STORAGE MARKET, BY ORGANIZATION SIZE 118
8.1 INTRODUCTION 119
8.1.1 ORGANIZATION SIZE: CLOUD STORAGE MARKET DRIVERS 119
FIGURE 32 LARGE ENTERPRISES DOMINATED MARKET IN 2023 119
TABLE 43 CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 119
TABLE 44 CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 120
8.2 SMALL & MEDIUM-SIZED ENTERPRISES 120
8.2.1 SMES TO EMBRACE CLOUD STORAGE FOR COMPETITIVE EDGE 120
TABLE 45 SMES: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 120
TABLE 46 SMES: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 120
8.3 LARGE ENTERPRISES 121
8.3.1 LARGE ENTERPRISES TO HARNESS CLOUD STORAGE TO ACHIEVE AGILITY AT SCALE 121
TABLE 47 LARGE ENTERPRISES: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 121
TABLE 48 LARGE ENTERPRISES: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 121
9 CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL 122
9.1 INTRODUCTION 123
9.1.1 DEPLOYMENT MODEL: CLOUD STORAGE MARKET DRIVERS 123
FIGURE 33 PUBLIC CLOUD SEGMENT DOMINATED MARKET IN 2023 123
TABLE 49 CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 123
TABLE 50 CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 124
9.2 PUBLIC CLOUD 124
9.2.1 PUBLIC CLOUD STORAGE TO EMPOWER AGILE ENTERPRISES BY ELEVATING EFFICIENCY 124
TABLE 51 PUBLIC CLOUD: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 124
TABLE 52 PUBLIC CLOUD: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 124
9.3 PRIVATE CLOUD 125
9.3.1 PRIVATE CLOUD STORAGE TO PROVIDE CUSTOMIZED CONTROL TAILORED TO ENTERPRISE NEEDS 125
TABLE 53 PRIVATE CLOUD: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 125
TABLE 54 PRIVATE CLOUD: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 125
9.4 HYBRID CLOUD 126
9.4.1 HYBRID CLOUD STORAGE SOLUTIONS TO HELP DRIVE FLEXIBILITY 126
TABLE 55 HYBRID CLOUD: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 126
TABLE 56 HYBRID CLOUD: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 126
10 CLOUD STORAGE MARKET, BY VERTICAL 127
10.1 INTRODUCTION 128
10.1.1 VERTICAL: CLOUD STORAGE MARKET DRIVERS 128
FIGURE 34 BFSI VERTICAL TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD 129
TABLE 57 CLOUD STORAGE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 129
TABLE 58 CLOUD STORAGE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 130
10.2 BANKING, FINANCIAL SERVICES, AND INSURANCE 130
10.2.1 CLOUD STORAGE TO ALLOW BFSI ORGANIZATIONS TO SCALE THEIR STORAGE RESOURCES SEAMLESSLY 130
TABLE 59 BFSI: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 130
TABLE 60 BFSI: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 131
10.2.2 BFSI: APPLICATION AREAS 131
10.2.2.1 Fraud Detection & Risk Management 131
10.2.2.2 Global Expansion & Compliance 131
10.2.2.3 Customer Personalization 131
10.2.2.4 Other Application Areas 132
10.3 IT & ITES 132
10.3.1 RISE OF SERVERLESS COMPUTING MODELS TO DRIVE DEVELOPMENT OF STORAGE SOLUTIONS 132
TABLE 61 IT & ITES: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 132
TABLE 62 IT & ITES: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 133
10.3.2 IT & ITES: APPLICATION AREAS 133
10.3.2.1 Scalable Development Environments 133
10.3.2.2 Global Collaboration 133
10.3.2.3 Automated Testing & Continuous Integration 133
10.3.2.4 Other Application Areas 134
10.4 TELECOMMUNICATIONS 134
10.4.1 ENABLING DATA MOBILITY AND REDUNDANCY ACROSS CLOUD PROVIDERS 134
TABLE 63 TELECOMMUNICATIONS: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 134
TABLE 64 TELECOMMUNICATIONS: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 135
10.4.2 TELECOMMUNICATIONS: APPLICATION AREAS 135
10.4.2.1 Network Function Virtualization (NFV) 135
10.4.2.2 Edge Computing 135
10.4.2.3 IoT Data Management 135
10.4.2.4 Other Application Areas 136
10.5 HEALTHCARE & LIFE SCIENCES 136
10.5.1 VERTICAL TO EMBRACE HYBRID AND MULTI-CLOUD STRATEGIES TO OPTIMIZE STORAGE COSTS 136
TABLE 65 HEALTHCARE & LIFE SCIENCES: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 136
TABLE 66 HEALTHCARE & LIFE SCIENCES: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 137
10.5.2 HEALTHCARE & LIFE SCIENCES: APPLICATION AREAS 137
10.5.2.1 Secure Health Data Sharing 137
10.5.2.2 Telemedicine & Remote Patient Monitoring 137
10.5.2.3 Interoperability & Health Information Exchange 137
10.5.2.4 Other Application Areas 138
10.6 MEDIA & ENTERTAINMENT 138
10.6.1 CLOUD STORAGE TO ENABLE MEDIA CONTENT DELIVERY AND PROCESSING CLOSER TO END USERS, REDUCING LATENCY, AND ENHANCING USER EXPERIENCES 138
TABLE 67 MEDIA & ENTERTAINMENT: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 139
TABLE 68 MEDIA & ENTERTAINMENT: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 139
10.6.2 MEDIA & ENTERTAINMENT: APPLICATION AREAS 139
10.6.2.1 Scalable Content Distribution 139
10.6.2.2 Collaborative Content Creation 139
10.6.2.3 Flexible Digital Asset Management 140
10.6.2.4 Other Application Areas 140
10.7 RETAIL & CONSUMER GOODS 141
10.7.1 CLOUD STORAGE SOLUTIONS ADAPT TO FLUCTUATING RETAIL DEMAND 141
TABLE 69 RETAIL & CONSUMER GOODS: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 141
TABLE 70 RETAIL & CONSUMER GOODS: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 141
10.7.2 RETAIL & CONSUMER GOODS: APPLICATION AREAS 142
10.7.2.1 Personalized Customer Experiences 142
10.7.2.2 Inventory Optimization 142
10.7.2.3 Unified Commerce 142
10.7.2.4 Other Application Areas 142
10.8 MANUFACTURING 143
10.8.1 ADVANCED ANALYTICS AND AI-DRIVEN INSIGHTS BECOMING INTEGRAL TO CLOUD STORAGE 143
TABLE 71 MANUFACTURING: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 143
TABLE 72 MANUFACTURING: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 144
10.8.2 MANUFACTURING: APPLICATION AREAS 144
10.8.2.1 Digital Twin 144
10.8.2.2 3D Printing 144
10.8.2.3 Quality Control & Process Optimization 144
10.8.2.4 Other Application Areas 145
10.9 GOVERNMENT & PUBLIC SECTOR 145
10.9.1 GOVERNMENT & PUBLIC SECTOR TO DRIVE ADOPTION OF CLOUD STORAGE SOLUTIONS THAT OFFER ROBUST DATA GOVERNANCE AND COMPLIANCE FEATURES 145
TABLE 73 GOVERNMENT & PUBLIC SECTOR: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 146
TABLE 74 GOVERNMENT & PUBLIC SECTOR: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 146
10.9.2 GOVERNMENT & PUBLIC SECTOR: APPLICATION AREAS 146
10.9.2.1 E-government Services 146
10.9.2.2 Smart City Initiatives 146
10.9.2.3 Emergency Response & Crisis Management 147
10.9.2.4 Other Application Areas 147
10.10 ENERGY & UTILITIES 148
10.10.1 CLOUD STORAGE TO SCALE AND MANAGE DATA GENERATED FROM RENEWABLE ENERGY SOURCES LIKE SOLAR AND WIND FARMS EFFICIENTLY 148
TABLE 75 ENERGY & UTILITIES: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 148
TABLE 76 ENERGY & UTILITIES: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 148
10.10.2 ENERGY & UTILITIES: APPLICATION AREAS 148
10.10.2.1 Grid Optimization with Big Data 148
10.10.2.2 Asset Performance Management 149
10.10.2.3 Energy Consumption Analytics 149
10.10.2.4 Other Application Areas 149
10.11 OTHER VERTICALS 150
TABLE 77 OTHER VERTICALS: CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 150
TABLE 78 OTHER VERTICALS: CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 150
11 CLOUD STORAGE MARKET, BY REGION 151
11.1 INTRODUCTION 152
FIGURE 35 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 152
TABLE 79 CLOUD STORAGE MARKET, BY REGION, 2019–2022 (USD MILLION) 153
TABLE 80 CLOUD STORAGE MARKET, BY REGION, 2023–2028 (USD MILLION) 153
11.2 NORTH AMERICA 153
11.2.1 NORTH AMERICA: CLOUD STORAGE MARKET DRIVERS 154
11.2.2 NORTH AMERICA: RECESSION IMPACT 155
FIGURE 36 NORTH AMERICA: MARKET SNAPSHOT 156
TABLE 81 NORTH AMERICA: CLOUD STORAGE MARKET, BY OFFERING, 2019–2022 (USD MILLION) 156
TABLE 82 NORTH AMERICA: CLOUD STORAGE MARKET, BY OFFERING, 2023–2028 (USD MILLION) 156
TABLE 83 NORTH AMERICA: CLOUD STORAGE MARKET, BY STORAGE TYPE, 2019–2022 (USD MILLION) 157
TABLE 84 NORTH AMERICA: CLOUD STORAGE MARKET, BY STORAGE TYPE, 2023–2028 (USD MILLION) 157
TABLE 85 NORTH AMERICA: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 157
TABLE 86 NORTH AMERICA: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 157
TABLE 87 NORTH AMERICA: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 158
TABLE 88 NORTH AMERICA: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 158
TABLE 89 NORTH AMERICA: CLOUD STORAGE MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 158
TABLE 90 NORTH AMERICA: CLOUD STORAGE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 158
TABLE 91 NORTH AMERICA: CLOUD STORAGE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 159
TABLE 92 NORTH AMERICA: CLOUD STORAGE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 159
TABLE 93 NORTH AMERICA: CLOUD STORAGE MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 159
TABLE 94 NORTH AMERICA: CLOUD STORAGE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 160
11.2.3 US 160
11.2.3.1 Surge in demand for effective cloud storage implementation in US to drive market growth 160
TABLE 95 US: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 160
TABLE 96 US: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 160
TABLE 97 US: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 160
TABLE 98 US: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 161
11.2.4 CANADA 161
11.2.4.1 Need for advanced technological tools, cloud platforms, and various other on-demand services to drive market growth in Canada 161
TABLE 99 CANADA: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 161
TABLE 100 CANADA: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 162
TABLE 101 CANADA: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 162
TABLE 102 CANADA: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 162
11.3 EUROPE 162
11.3.1 EUROPE: CLOUD STORAGE MARKET DRIVERS 163
11.3.2 EUROPE: RECESSION IMPACT 163
TABLE 103 EUROPE: CLOUD STORAGE MARKET, BY OFFERING, 2019–2022 (USD MILLION) 164
TABLE 104 EUROPE: CLOUD STORAGE MARKET, BY OFFERING, 2023–2028 (USD MILLION) 164
TABLE 105 EUROPE: CLOUD STORAGE MARKET, BY STORAGE TYPE, 2019–2022 (USD MILLION) 164
TABLE 106 EUROPE: CLOUD STORAGE MARKET, BY STORAGE TYPE, 2023–2028 (USD MILLION) 164
TABLE 107 EUROPE: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 164
TABLE 108 EUROPE: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 165
TABLE 109 EUROPE: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 165
TABLE 110 EUROPE: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 165
TABLE 111 EUROPE: CLOUD STORAGE MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 165
TABLE 112 EUROPE: CLOUD STORAGE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 166
TABLE 113 EUROPE: CLOUD STORAGE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 166
TABLE 114 EUROPE: CLOUD STORAGE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 167
TABLE 115 EUROPE: CLOUD STORAGE MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 167
TABLE 116 EUROPE: CLOUD STORAGE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 167
11.3.3 UK 168
11.3.3.1 Companies in UK to adopt cloud storage solutions to enhance operational efficiency 168
TABLE 117 UK: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 168
TABLE 118 UK: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 168
TABLE 119 UK: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 169
TABLE 120 UK: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 169
11.3.4 GERMANY 169
11.3.4.1 Adoption of cloud computing and cloud storage solutions at scale to drive market growth in Germany 169
TABLE 121 GERMANY: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 169
TABLE 122 GERMANY: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 170
TABLE 123 GERMANY: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 170
TABLE 124 GERMANY: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 170
11.3.5 FRANCE 170
11.3.5.1 Huge investments by global cloud storage market providers because of changing customer behavior to drive growth in France 170
TABLE 125 FRANCE: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 171
TABLE 126 FRANCE: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 171
TABLE 127 FRANCE: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 171
TABLE 128 FRANCE: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 171
11.3.6 ITALY 171
11.3.6.1 Cloud storage adoption in Italy to witness growth 171
TABLE 129 ITALY: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 172
TABLE 130 ITALY: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 172
TABLE 131 ITALY: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 172
TABLE 132 ITALY: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 173
11.3.7 REST OF EUROPE 173
TABLE 133 REST OF EUROPE: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 173
TABLE 134 REST OF EUROPE: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 173
TABLE 135 REST OF EUROPE: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 174
TABLE 136 REST OF EUROPE: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 174
11.4 ASIA PACIFIC 174
11.4.1 ASIA PACIFIC: CLOUD STORAGE MARKET DRIVERS 175
11.4.2 ASIA PACIFIC: RECESSION IMPACT 176
FIGURE 37 ASIA PACIFIC: MARKET SNAPSHOT 177
TABLE 137 ASIA PACIFIC: CLOUD STORAGE MARKET, BY OFFERING, 2019–2022 (USD MILLION) 177
TABLE 138 ASIA PACIFIC: CLOUD STORAGE MARKET, BY OFFERING, 2023–2028 (USD MILLION) 178
TABLE 139 ASIA PACIFIC: CLOUD STORAGE MARKET, BY STORAGE TYPE, 2019–2022 (USD MILLION) 178
TABLE 140 ASIA PACIFIC: CLOUD STORAGE MARKET, BY STORAGE TYPE, 2023–2028 (USD MILLION) 178
TABLE 141 ASIA PACIFIC: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 178
TABLE 142 ASIA PACIFIC: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 179
TABLE 143 ASIA PACIFIC: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 179
TABLE 144 ASIA PACIFIC: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 179
TABLE 145 ASIA PACIFIC: CLOUD STORAGE MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 179
TABLE 146 ASIA PACIFIC: CLOUD STORAGE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 180
TABLE 147 ASIA PACIFIC: CLOUD STORAGE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 180
TABLE 148 ASIA PACIFIC: CLOUD STORAGE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 181
TABLE 149 ASIA PACIFIC: CLOUD STORAGE MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 181
TABLE 150 ASIA PACIFIC: CLOUD STORAGE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 181
11.4.3 CHINA 182
11.4.3.1 Government organizations and telcos investing in Chinese IoT and innovative city ecosystems to drive market growth 182
TABLE 151 CHINA: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 182
TABLE 152 CHINA: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 182
TABLE 153 CHINA: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 182
TABLE 154 CHINA: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 182
11.4.4 JAPAN 183
11.4.4.1 Technology providers in Japan to introduce cloud storage technologies 183
TABLE 155 JAPAN: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 183
TABLE 156 JAPAN: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 183
TABLE 157 JAPAN: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 183
TABLE 158 JAPAN: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 184
11.4.5 AUSTRALIA & NEW ZEALAND 184
11.4.5.1 Demand for data processing and information interaction to drive growth of Australian cloud storage market 184
TABLE 159 AUSTRALIA & NEW ZEALAND: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 184
TABLE 160 AUSTRALIA & NEW ZEALAND: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 184
TABLE 161 AUSTRALIA & NEW ZEALAND: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 185
TABLE 162 AUSTRALIA & NEW ZEALAND: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 185
11.4.6 REST OF ASIA PACIFIC 185
TABLE 163 REST OF ASIA PACIFIC: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 185
TABLE 164 REST OF ASIA PACIFIC: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 186
TABLE 165 REST OF ASIA PACIFIC: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 186
TABLE 166 REST OF ASIA PACIFIC: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 186
11.5 MIDDLE EAST & AFRICA 186
11.5.1 MIDDLE EAST & AFRICA: CLOUD STORAGE MARKET DRIVERS 187
11.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT 188
TABLE 167 MIDDLE EAST & AFRICA: CLOUD STORAGE MARKET, BY OFFERING, 2019–2022 (USD MILLION) 188
TABLE 168 MIDDLE EAST & AFRICA: CLOUD STORAGE MARKET, BY OFFERING, 2023–2028 (USD MILLION) 188
TABLE 169 MIDDLE EAST & AFRICA: CLOUD STORAGE MARKET, BY STORAGE TYPE, 2019–2022 (USD MILLION) 189
TABLE 170 MIDDLE EAST & AFRICA: CLOUD STORAGE MARKET, BY STORAGE TYPE, 2023–2028 (USD MILLION) 189
TABLE 171 MIDDLE EAST & AFRICA: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 189
TABLE 172 MIDDLE EAST & AFRICA: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 189
TABLE 173 MIDDLE EAST & AFRICA: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 190
TABLE 174 MIDDLE EAST & AFRICA: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 190
TABLE 175 MIDDLE EAST & AFRICA: CLOUD STORAGE MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 190
TABLE 176 MIDDLE EAST & AFRICA: CLOUD STORAGE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 190
TABLE 177 MIDDLE EAST & AFRICA: CLOUD STORAGE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 191
TABLE 178 MIDDLE EAST & AFRICA: CLOUD STORAGE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 191
TABLE 179 MIDDLE EAST & AFRICA: CLOUD STORAGE MARKET, BY REGION/COUNTRY, 2019–2022 (USD MILLION) 192
TABLE 180 MIDDLE EAST & AFRICA: CLOUD STORAGE MARKET, BY REGION/COUNTRY, 2023–2028 (USD MILLION) 192
11.5.3 GCC COUNTRIES 192
11.5.3.1 Saudi Arabia 192
11.5.3.1.1 Saudi Vision 2030 initiatives to leverage demand for cloud computing, cloud storage, big data, analytics, and AI/ML 192
TABLE 181 SAUDI ARABIA: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 193
TABLE 182 SAUDI ARABIA: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 193
TABLE 183 SAUDI ARABIA: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 193
TABLE 184 SAUDI ARABIA: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 193
11.5.3.2 UAE 194
11.5.3.2.1 High mobile device per user ratio to drive market for cloud storage 194
TABLE 185 UAE: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 194
TABLE 186 UAE: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 194
TABLE 187 UAE: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 194
TABLE 188 UAE: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 195
11.5.3.3 Other GCC Countries 195
TABLE 189 OTHER GCC COUNTRIES: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 195
TABLE 190 OTHER GCC COUNTRIES: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 195
TABLE 191 OTHER GCC COUNTRIES: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 196
TABLE 192 OTHER GCC COUNTRIES: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 196
11.5.4 SOUTH AFRICA 196
11.5.4.1 High usage of mobile technologies and colocation facilities to contribute to market growth in South Africa 196
TABLE 193 SOUTH AFRICA: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 196
TABLE 194 SOUTH AFRICA: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 197
TABLE 195 SOUTH AFRICA: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 197
TABLE 196 SOUTH AFRICA: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 197
11.5.5 REST OF MIDDLE EAST & AFRICA 197
TABLE 197 REST OF MIDDLE EAST & AFRICA: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 198
TABLE 198 REST OF MIDDLE EAST & AFRICA: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 198
TABLE 199 REST OF MIDDLE EAST & AFRICA: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 198
TABLE 200 REST OF MIDDLE EAST & AFRICA: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 198
11.6 LATIN AMERICA 199
11.6.1 LATIN AMERICA: CLOUD STORAGE MARKET DRIVERS 199
11.6.2 LATIN AMERICA: RECESSION IMPACT 200
TABLE 201 LATIN AMERICA: CLOUD STORAGE MARKET, BY OFFERING, 2019–2022 (USD MILLION) 200
TABLE 202 LATIN AMERICA: CLOUD STORAGE MARKET, BY OFFERING, 2023–2028 (USD MILLION) 200
TABLE 203 LATIN AMERICA: CLOUD STORAGE MARKET, BY STORAGE TYPE, 2019–2022 (USD MILLION) 201
TABLE 204 LATIN AMERICA: CLOUD STORAGE MARKET, BY STORAGE TYPE, 2023–2028 (USD MILLION) 201
TABLE 205 LATIN AMERICA: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 201
TABLE 206 LATIN AMERICA: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 201
TABLE 207 LATIN AMERICA: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 202
TABLE 208 LATIN AMERICA: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 202
TABLE 209 LATIN AMERICA: CLOUD STORAGE MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 202
TABLE 210 LATIN AMERICA: CLOUD STORAGE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 202
TABLE 211 LATIN AMERICA: CLOUD STORAGE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 203
TABLE 212 LATIN AMERICA: CLOUD STORAGE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 203
TABLE 213 LATIN AMERICA: CLOUD STORAGE MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 203
TABLE 214 LATIN AMERICA: CLOUD STORAGE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 204
11.6.3 BRAZIL 204
11.6.3.1 Rise in advanced technology assimilation among enterprises and end consumers to drive demand for strategic cloud storage adoption 204
TABLE 215 BRAZIL: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 204
TABLE 216 BRAZIL: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 204
TABLE 217 BRAZIL: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 205
TABLE 218 BRAZIL: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 205
11.6.4 MEXICO 205
11.6.4.1 Increased opportunities for content delivery providers to drive market for cloud storage in Mexico 205
TABLE 219 MEXICO: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 205
TABLE 220 MEXICO: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 206
TABLE 221 MEXICO: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 206
TABLE 222 MEXICO: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 206
11.6.5 REST OF LATIN AMERICA 206
TABLE 223 REST OF LATIN AMERICA: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 207
TABLE 224 REST OF LATIN AMERICA: CLOUD STORAGE MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 207
TABLE 225 REST OF LATIN AMERICA: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 207
TABLE 226 REST OF LATIN AMERICA: CLOUD STORAGE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 207
12 COMPETITIVE LANDSCAPE 208
12.1 OVERVIEW 208
12.2 STRATEGIES ADOPTED BY KEY PLAYERS 208
TABLE 227 STRATEGIES ADOPTED BY KEY PLAYERS 208
12.3 REVENUE ANALYSIS 210
FIGURE 38 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022 (USD BILLION) 210
12.4 COMPANY FINANCIAL METRICS 211
FIGURE 39 TRADING COMPARABLE, 2023 (EV/EBITDA) 211
12.5 MARKET SHARE ANALYSIS 211
FIGURE 40 MARKET SHARE ANALYSIS, 2022 212
TABLE 228 DEGREE OF COMPETITION 212
12.6 PRODUCT/BRAND COMPARISON 213
TABLE 229 PRODUCT/BRAND COMPARISON 213
12.7 COMPANY EVALUATION MATRIX 214
FIGURE 41 COMPANY EVALUATION MATRIX FOR KEY PLAYERS: CRITERIA WEIGHTAGE 214
12.7.1 STARS 214
12.7.2 EMERGING LEADERS 214
12.7.3 PERVASIVE PLAYERS 214
12.7.4 PARTICIPANTS 215
FIGURE 42 CLOUD STORAGE MARKET: COMPANY EVALUATION MATRIX, 2022 215
12.7.5 COMPANY FOOTPRINT 216
TABLE 230 COMPANY PRODUCT FOOTPRINT 216
TABLE 231 COMPANY OFFERING FOOTPRINT 216
TABLE 232 COMPANY VERTICAL FOOTPRINT 217
TABLE 233 COMPANY REGION FOOTPRINT 217
12.8 STARTUP/SME EVALUATION MATRIX 218
FIGURE 43 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE 218
12.8.1 PROGRESSIVE COMPANIES 218
12.8.2 RESPONSIVE COMPANIES 219
12.8.3 DYNAMIC COMPANIES 219
12.8.4 STARTING BLOCKS 219
FIGURE 44 CLOUD STORAGE MARKET: STARTUP/SME EVALUATION MATRIX, 2022 219
12.8.5 COMPETITIVE BENCHMARKING 220
TABLE 234 CLOUD STORAGE MARKET: KEY STARTUPS/SMES 220
TABLE 235 CLOUD STORAGE MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES 220
12.9 COMPETITIVE SCENARIO AND TRENDS 221
12.9.1 PRODUCT LAUNCHES 221
TABLE 236 PRODUCT LAUNCHES, FEBRUARY 2021–OCTOBER 2023 221
12.9.2 DEALS 224
TABLE 237 DEALS, OCTOBER 2021–NOVEMBER 2023 224
13 COMPANY PROFILES 225
13.1 INTRODUCTION 225
13.2 KEY COMPANIES 225
(Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Key strengths, Strategic choices made, and Weaknesses and Competitive threats)*
13.2.1 AMAZON WEB SERVICES, INC. 225
TABLE 238 AMAZON WEB SERVICES, INC.: BUSINESS OVERVIEW 225
FIGURE 45 AMAZON WEB SERVICES, INC.: COMPANY SNAPSHOT 226
TABLE 239 AMAZON WEB SERVICES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 226
TABLE 240 AMAZON WEB SERVICES, INC.: PRODUCT LAUNCHES 228
TABLE 241 AMAZON WEB SERVICES, INC.: DEALS 231
13.2.2 IBM 232
TABLE 242 IBM: BUSINESS OVERVIEW 232
FIGURE 46 IBM: COMPANY SNAPSHOT 232
TABLE 243 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 233
TABLE 244 IBM: PRODUCT LAUNCHES 234
TABLE 245 IBM: DEALS 235
13.2.3 GOOGLE 237
TABLE 246 GOOGLE: BUSINESS OVERVIEW 237
FIGURE 47 GOOGLE: COMPANY SNAPSHOT 238
TABLE 247 GOOGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 238
TABLE 248 GOOGLE: PRODUCT LAUNCHES 240
TABLE 249 GOOGLE: DEALS 241
13.2.4 MICROSOFT 243
TABLE 250 MICROSOFT: BUSINESS OVERVIEW 243
FIGURE 48 MICROSOFT: COMPANY SNAPSHOT 244
TABLE 251 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 244
TABLE 252 MICROSOFT: PRODUCT LAUNCHES 245
TABLE 253 MICROSOFT: DEALS 249
13.2.5 ALIBABA CLOUD 250
TABLE 254 ALIBABA CLOUD: BUSINESS OVERVIEW 250
FIGURE 49 ALIBABA CLOUD: COMPANY SNAPSHOT 250
TABLE 255 ALIBABA CLOUD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 251
TABLE 256 ALIBABA CLOUD: PRODUCT LAUNCHES 251
TABLE 257 ALIBABA CLOUD: DEALS 252
13.2.6 ORACLE 253
TABLE 258 ORACLE: BUSINESS OVERVIEW 253
FIGURE 50 ORACLE: COMPANY SNAPSHOT 254
TABLE 259 GOOGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 254
TABLE 260 ORACLE: PRODUCT LAUNCHES 255
TABLE 261 ORACLE: DEALS 255
13.2.7 RACKSPACE TECHNOLOGY 256
TABLE 262 RACKSPACE TECHNOLOGY: BUSINESS OVERVIEW 256
FIGURE 51 RACKSPACE TECHNOLOGY: COMPANY SNAPSHOT 257
TABLE 263 RACKSPACE TECHNOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 257
TABLE 264 RACKSPACE TECHNOLOGY: PRODUCT LAUNCHES 258
TABLE 265 RACKSPACE TECHNOLOGY: DEALS 258
13.2.8 HEWLETT PACKARD ENTERPRISE 260
TABLE 266 HEWLETT PACKARD ENTERPRISE: BUSINESS OVERVIEW 260
FIGURE 52 HEWLETT PACKARD ENTERPRISE: COMPANY SNAPSHOT 261
TABLE 267 HEWLETT PACKARD ENTERPRISE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 261
TABLE 268 HEWLETT PACKARD ENTERPRISE: PRODUCT LAUNCHES 263
TABLE 269 HEWLETT PACKARD ENTERPRISE: DEALS 264
13.2.9 DELL TECHNOLOGIES 265
TABLE 270 DELL TECHNOLOGIES: BUSINESS OVERVIEW 265
FIGURE 53 DELL TECHNOLOGIES: COMPANY SNAPSHOT 266
TABLE 271 DELL TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 266
TABLE 272 DELL TECHNOLOGIES: PRODUCT LAUNCHES 267
TABLE 273 DELL TECHNOLOGIES: CLOUD STORAGE MARKET: DEALS 268
13.2.10 HUAWEI 269
TABLE 274 HUAWEI: BUSINESS OVERVIEW 269
FIGURE 54 HUAWEI: COMPANY SNAPSHOT 270
TABLE 275 HUAWEI: PRODUCTS/ SOLUTIONS/SERVICES OFFERED 270
TABLE 276 HUAWEI: PRODUCT LAUNCHES 273
13.3 OTHER COMPANIES 275
13.3.1 DROPBOX 275
13.3.2 BOX 276
13.3.3 TENCENT CLOUD 277
13.3.4 FUJITSU 278
13.3.5 VMWARE 279
13.3.6 NETAPP 280
13.3.7 HITACHI VANTARA 281
13.3.8 SCALITY 281
13.3.9 CITRIX 282
13.3.10 UPCLOUD 282
13.3.11 DIGITALOCEAN 283
13.3.12 VULTR 283
13.3.13 MINIO 284
13.3.14 ZADARA 285
13.3.15 PCLOUD 285
13.3.16 WASABI 286
13.3.17 SYNC 286
13.3.18 DEGOO 287
*Details on Business overview, Products/Solutions/Services offered, Recent developments, Product launches, MnM view, Key strengths, Strategic choices made, and Weaknesses and Competitive threats might not be captured in case of unlisted companies.
14 ADJACENT AND RELATED MARKETS 288
14.1 INTRODUCTION 288
14.1.1 RELATED MARKETS 288
14.2 CLOUD COMPUTING MARKET 288
TABLE 277 CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2018–2022 (USD BILLION) 289
TABLE 278 CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2023–2028 (USD BILLION) 289
TABLE 279 CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2018–2022 (USD BILLION) 289
TABLE 280 CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD BILLION) 289
TABLE 281 CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD BILLION) 290
TABLE 282 CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 290
TABLE 283 CLOUD COMPUTING MARKET, BY VERTICAL, 2018–2022 (USD BILLION) 290
TABLE 284 CLOUD COMPUTING MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 291
TABLE 285 CLOUD COMPUTING MARKET, BY REGION, 2018–2022 (USD BILLION) 291
TABLE 286 CLOUD COMPUTING MARKET, BY REGION, 2023–2028 (USD BILLION) 291
14.3 DISASTER RECOVERY AS A SERVICE (DRAAS) MARKET 292
TABLE 287 DISASTER RECOVERY AS A SERVICE MARKET, BY SERVICE TYPE, 2018–2022 (USD MILLION) 292
TABLE 288 DISASTER RECOVERY AS A SERVICE MARKET, BY SERVICE TYPE, 2023–2028 (USD MILLION) 292
TABLE 289 DISASTER RECOVERY AS A SERVICE MARKET, BY DEPLOYMENT MODE, 2018–2022 (USD MILLION) 293
TABLE 290 DISASTER RECOVERY AS A SERVICE MARKET, BY DEPLOYMENT MODE, 2023–2028 (USD MILLION) 293
TABLE 291 DISASTER RECOVERY AS A SERVICE MARKET, BY ORGANIZATION SIZE, 2018–2022 (USD MILLION) 293
TABLE 292 DISASTER RECOVERY AS A SERVICE MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 293
TABLE 293 DISASTER RECOVERY AS A SERVICE MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 294
TABLE 294 DISASTER RECOVERY AS A SERVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 294
TABLE 295 DISASTER RECOVERY AS A SERVICE MARKET, BY REGION, 2018–2022 (USD MILLION) 295
TABLE 296 DISASTER RECOVERY AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 295
15 APPENDIX 296
15.1 DISCUSSION GUIDE 296
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 301
15.3 CUSTOMIZATION OPTIONS 303
15.4 RELATED REPORTS 303
15.5 AUTHOR DETAILS 304