Cloud Storage Market Analysis, Innovation Trends and Current Business Trends by 2024

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Cloud Storage Market Share, Applications,
Segmentations Forecast by 2024 Global Market
Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Cloud Storage Market

• North America holds the highest share in the
  cloud storage market owing to technological
  investments and huge investments in RD for
  cloud-based solutions, early adoption of new
  technologies, and advanced IT infrastructure.
  Moreover, cheap and easy storage options result
  in the rapid industrial development. Asia Pacific
  is the fastest growing region due to the high
  adoption rate of hybrid cloud storage, increasing
  usage of cloud-based application, and increasing
  need for enterprise storage of data.
• Cloud storage market on the basis of industry
  vertical is segmented into BFSI, consumer goods,
  retail, healthcare, education, government,
  manufacturing, telecommunication, and
  entertainment. Banking institutions are using
  cloud technology to respond to the changing
  industry demand, providing faster server
  development, transparent usage billing method,
  and on-demand disaster recovery services.

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• Application Analysis of Cloud Storage Market
• The increasing demand for big data storage also
  boosts the cloud storage market growth. Companies
  need to store huge data and cloud-based services
  provide a reliable platform for the storage of
  data. The penetration of mobile and wireless
  networks further drives the need for enterprise
  mobility. Employees are adopting flexible work
  environment by working from home and working
  while traveling, accelerating the cloud storage
  market as it connects the out-of-office workers
  to the enterprise environment.
• The cloud storage market has gained a huge
  popularity owing to various profits, such as
  information security, during natural disasters
  such as floods and earthquakes. They have a sound
  backup facility, which provides immediate access
  to a wide range of applications, driving the
  cloud storage market.
• Due to the growing population, the need for data
  storage also increases, which in turn requires
  technologically advanced storage solutions. This
  is a major opportunity for the cloud storage
  market. Technological advancements in data
  transfer and data security offer huge growth
  opportunities to the cloud storage market.

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Competitive Market Share of Cloud Storage
Market

• The main players operating in the cloud storage
  market include Microsoft Corporation, HP
  Enterprise Company, Amazon Web Services, IBM
  Corporation, EMC Corporation, Google, Oracle
  Corporation, Rackspace Hosting, SkyDrive,
  Dropbox, and ATT. Key industry players come up
  with various strategies and are investing heavily
  in the RD to improve their performance.
• Major strategies adopted by the companies involve
  mergers, acquisitions, and partnerships to
  maintain their market share. For instance, in
  September 2016, Google teamed up with cloud
  company box to sell more Google applications for
  the work.

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