Cloud Storage Market Insights 2023, Industry Overview, Growth Factors And Trends Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Cloud Storage Market Size, Growth Rate, And Forecast
The global cloud storage market size grew from $83.55 billion in 2022 to $100.2 billion in 2023 at a compound annual growth rate (CAGR) of 19.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cloud storage market size is expected to grow to $206.61 billion in 2027 at a CAGR of 19.8%.

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Cloud Storage Market Drivers
Exponential growth in data volumes is expected to propel the growth of the cloud storage market going forward. Data volume refers to the size of the data sets that need to be analyzed and processed, which are larger than terabytes and petabytes. The increasing use of computers and digital technologies in organizations has led to a rise in the amount of data generated. This further has increased the need for storage systems like cloud storage, which store the data over the internet and thus decrease the burden of organizations to maintain a physical data center.

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Cloud Storage Market Segments
1) By Type: Object Storage, File Storage, Block Storage
2) By Component: Storage Model, Services
3) By Mode: Private Cloud, Public Cloud, Hybrid Cloud
4) By Organization Size: Large Enterprises, Small and Medium-sized Enterprises (SMEs)
5) By Vertical: BFSI, IT and Telecommunication, Government and Public Sector, Manufacturing, Healthcare and Life Science, Retail and Consumer Goods, Media and Entertainment, Other Verticals (Energy & Utilities, Chemical, Travel & Hospitality)

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Cloud Storage market.

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Cloud Storage Market Key Players
Major competitors in the Cloud Storage market include Google LLC (Alphabet, Inc.,), Amazon Web Services, Inc., Dropbox, Inc., Dell EMC Corporation, Hewlett Packard Enterprise Company, IBM Corporation

The Table Of Content For The Cloud Storage Market Include:
1. Executive Summary
2. Cloud Storage Market Characteristics
3. Cloud Storage Market Trends And Strategies
4. Cloud Storage Market - Macro Economic Scenario
5. Cloud Storage Market Size And Growth
……
27. Cloud Storage Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cloud Storage Market
29. Cloud Storage Market Future Outlook and Potential Analysis
30. Appendix

The Business Research Company's "Global Cloud Storage Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

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