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Cloud Storage Market

Cloud Storage Market Size by Component (Solution, Services), Deployment Type (Private, Public, Hybrid), User Type, Industry Vertical, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2028

Base Year: 2020 Historical Data: 2018-19
  • Report ID: TBI-12592
  • Published Date: Oct, 2021
  • Pages: 223
  • Category: Information Technology & Semiconductors
  • Format: PDF
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Global Cloud Storage market seems to reach USD 353.81 billion by 2028, at a CAGR of 24.48% from 2021 to 2028. Global Cloud Storage market is witnessing a considerable growth owing to the surge in the demand of low-cost data and faster accessibility.

Market Overview:

Cloud storage is a cloud computing system provided by the cloud computing provider to store the data on the internet. The cloud computing provider manages the stored data and provide data storage facility as a service to its customer. This cloud storage facility delivered on a Just-in-Time basis on the basis of requirement and cost. Customers who are using the cloud computing have to pay for the storage they are using. It means using this one can get rid of all the capital expenses used to maintain its own data storage infrastructure. So Cloud computing is helping the organization to cut their energy consumption by around 70%, which is making the organization much more advanced, profitable and converting them to green business. Cloud computing provider are the third-party cloud vendor. They provide cloud storage over the internet on the basis of the pay-as-you-go model. These vendors are responsible for the storage capacity, for the security of the data and also for the durability of the data, which means data can be accessible, all across the world for the required applications. The applications can access the cloud storage using API. Some of the vendors provide complementary service to manage, secure and analyze the data at a massive level.

Cloud storage is used by the industries to store the confidential information and documents in a common server, and when required those data or documents can be accessed from any place and at any time. This factor is propelling the cloud storage market. Cloud storage has many advantages one of the advantages is that it can be used for the data or information backup in case of natural disaster as there are 2 to 3 different backup servers are kept in a different part of the globe. The performance of cloud storage is a little lower than the local storage, and it also depends on the WAN network. Various industries like healthcare, retail, manufacturing, IT and BFSI etc. have started using cloud computing because of the low cost of the data storage and also because it reduces the capital expenses, All these factors are driving the cloud storage market.

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Market Dynamics:

Drivers:
  • The surge in the demand of low-cost data and faster accessibility

The advancement in technology has brought many changes as the cloud storage facility came with the advancement in technology. The Cloud storage eliminates the use of storage infrastructure of the company, so it helps in reducing the capital expenses of the organization. This is the reason that slowly and slowly, every organization started adopting it as it reduces the power consumption by 70%. This has led to an increase in the customers, which has brought low-cost data storage; this again is surging the demand of cloud storage. The advancement in technology has brought now better hardware and better internet facilities which has brought faster accessibility of cloud computing. The person now can store the secret document in the cloud and can access it at any time from any place. All these factors are driving the cloud storage market.

  • The adoption of cloud storage by various industry verticals

Many industry verticals such as telecommunication, IT, healthcare, retail and BFSI have started using the facility of cloud storage and cloud computing. This trend is increasing because of the low-cost data storage. Also, the customer base is also increasing, so it’s become quite logical to start using the cloud storage facilities rather than buying more storage devices, as this will increase the capital investment. The advancement in technologies has also brought better infrastructure, better hardware and internet services, which is also helping in the growth of the cloud storage market as it increases the performance while using cloud facilities.

Restraints:
  • The security concern of data

The major restraint for the market is the data security. All the health care industries, insurance and big bank firms are now connected to the cloud. So all the data and information of these organizations are now stored in the cloud, which means all the personal data of the clients and the confidential data of the client are stored in the cloud. And no system is completely hackproof, which means, in case of any hacker got successful in hacking even some part of data, many personal information can be leaked of the customer, which could be used against these industries and against the customer whose data got leaked.

Opportunities:
  • The surge in the adoption of cloud storage by the SMEs

The evolving business community, better infrastructure along with faster replacement of conventional IT infrastructure are some of the factors leading to faster adoption of cloud storage by the SMEs. The growing infrastructure with the advancement in technologies, the growing customers due to an increase in disposable income in developed and developing countries have created the need for more storage devices. The better internet facilities now given the SMEs the good option to use cloud computing services for their daily operations, which is now available at low-cost data storage, and therefore reduces the capital investment of the SMEs, which is a big deal for small and medium level enterprises. These factors will propel the cloud storage market in the forecasting period.

Segmentation Analysis:

The global Cloud Storage market has been segmented based on component, deployment type, user type, industry vertical and regions.

  • The component segment is divided into solution and services. Solution segment is accounted for the highest market share of 64.81% in 2020. This is because of the fact that the solution provides the facilities of primary storage; this also provides the backup facilities of data. This is used for data archiving. So this is majorly used by the customers. The customer can save the confidential document in it and then can access it from any place at any time.
  • The deployment type segment includes private, public and hybrid. The hybrid segment accounts for 47.9% of market share in 2020. This owes to the fact that with the experience of time the organization has realized that public storage can’t be the solution for everything as some time there is a need for faster access of data and some data is required more frequently. So, therefore, there should be a requirement of the system for well-balanced data storage according to the requirement.
  • The user type segment consist of large enterprises and SMEs. The large enterprise segment accounts for 68.47% of market share in 2020. This is because of their increasing customer base. Also, the big organizations are looking for the most advanced solution, which reduces their daily operational cost, reduce their capital expenses and increases the profit margin.
  • The industry vertical segment includes BFSI, Government & Public Sector, Healthcare, IT & Telecom, Retail, Manufacturing, Media & Entertainment and others. The BFSI segment accounts for 32.13% of market share in 2020. This is because of their increasing customer base and also the increasing data volume, which is growing at a faster pace. All these factors are creating a requirement for a data storage system which would be highly secured. This will drive the cloud storage market.
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. North America is accounting for the highest marketing share in 2020.

  • North America region is having the highest market share of 41.10% in 2020. This is due to the better IT infrastructure in the region; also there are presence of many enterprises, which are looking for a more advanced solution for their problem and as the market is mature here, all the advanced solutions to the latest problem are firstly implemented in this region. So the increasing data volume problems of the organization are now solved by the cloud storage market.
  • APAC had the second-largest market share of 28.25 % in 2020. The big enterprises in the emerging economies like India and China of the region have now realized that as the data volume is increasing because of their growing customer base, it is better to opt for the solutions which is secured, and also reduces the capital expenses of the companies in daily operations, this factor is propelling the cloud storage market in the region. Also, with the advancement in technologies, the IT infrastructure is improving in the region.

North America Cloud Storage Market Share in 2020- 41.10%

 

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Competitive Analysis:

The big players are now focused in the implementation of strategies like joint venture, product innovations, merger and acquisition and partnerships etc. to gain the market share and to strengthen its position in the global Cloud Storage industry.

In July 2019, Amazon Web Services (AWS) acquired startup company E8. This acquisition would help the organization in maintaining the leadership position in the public cloud infrastructure market.

In October 2019, Oracle announced to acquire Crowd Twist. By this acquisition, the organization will extend Oracle CX cloud organization with leading cloud loyalty solution of Crowd Twist.

List of Key Market Players:

  • AWS
  • IBM
  • Microsoft
  • Google
  • Oracle
  • HPE
  • Dell EMC
  • VMware
  • Rackspace
  • Dropbox

Key Target Audience

  • BFSI
  • Healthcare Industries
  • IT & Telecom Industries
  • Manufacturing Industries
  • Media and Entertainment Industries
  • Government and Public Sector Industries

Report Description:

  • Global Cloud Storage Market, Industry Analysis, Trends, Analysis and Forecast, 2021 to 2028 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2020 is considered as the base year of the report. 2018 and 2019 are considered as the historic years and 2021 to 2028 are the forecast years. The global Cloud Storage market is based on revenue (USD Million/Billion), volume and price. The report incorporates the market study on the basis of revenue, and volume. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global Cloud Storage market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of component, deployment type, user type, industry vertical and regionswhich are deduced and formulatedon the basis of theirgrowth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to fathommarket growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global Cloud Storage market. This offersvital and in depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global Cloud Storage market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development &innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario. 
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which acts as a key potential for the investors. 
  • Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global Cloud Storage market) is covered in order to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the Cloud Storage market was valued at USD 61.37 billion in 2020 and is anticipated to reach USD 353.81 billion by 2028.

Global Cloud Storage market is growing at a CAGR of 24.48% during the forecast period 2021-2028.

The global Cloud Storage market has been segmented based on component, deployment type, user type, industry vertical and regions. Large enterprise segment is accounted for the largest market share in 2020.

The North America region emerged as the largest market for the Cloud Storage.

The surge in the demand of low-cost data is the key driving factors for the Cloud Storage market.

The security concern of data could hamper the market growth.

The surge in the adoption of cloud storage by the SMEs will provide huge opportunities to the market.

Key players are AWS, IBM, Microsoft, Google, Oracle, HPE, Dell EMC.

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  • Segmentation on the basis of any specific country or region
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  • Application segment can be further divided on the basis of companies
  • The companies profiled are not limited, we can incorporate additional companies of your choice
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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Component
          4.3.2. Market Attractiveness Analysis By Deployment Type
          4.3.3. Market Attractiveness Analysis By User Type
          4.3.4. Market Attractiveness Analysis By Industry Vertical
          4.3.5. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
    5.3. Restraints
    5.4. Opportunities
    5.5. Challenges

6. Global Cloud Storage Market Analysis and Forecast, By Component
    6.1. Segment Overview
    6.2. Solution
    6.3. Services

7. Global Cloud Storage Market Analysis and Forecast, By Deployment Type
    7.1. Segment Overview
    7.2. Private
    7.3. Public
    7.4. Hybrid

8. Global Cloud Storage Market Analysis and Forecast, By User Type
    8.1. Segment Overview
    8.2. Large Enterprises
    8.3. Small and Medium Enterprises

9. Global Cloud Storage Market Analysis and Forecast, By Industry Vertical
    9.1. Segment Overview
    9.2. BFSI
    9.3. Government & Public Sector
    9.4. Healthcare
    9.5. IT & Telecom
    9.6. Retail
    9.7. Manufacturing
    9.8. Media & Entertainment
    9.9. Others

10. Global Cloud Storage Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Cloud Storage Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in Global Cloud Storage Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Component Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. AWS
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. IBM
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. Microsoft
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. Google
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Oracle
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. HPE
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. Dell EMC
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. B. VMware
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. Rackspace
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Product Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
    12.10. Dropbox
          12.10.1. Business Overview
          12.10.2. Company Snapshot
          12.10.3. Company Market Share Analysis
          12.10.4. Company Product Portfolio
          12.10.5. Recent Developments
          12.10.6. SWOT Analysis
 

List of Table

1. Global Cloud Storage Market, By Component  , 2018–2028 (USD Billion)

2. Global Solution Cloud Storage  Market, By Region, 2018–2028 (USD Billion)

3. Global Services Cloud Storage  Market, By Region, 2018–2028 (USD Billion)

4. Global Cloud Storage Market, By Deployment Type , 2018–2028 (USD Billion)

5. Global Private, Cloud Storage Market, By Region, 2018–2028 (USD Billion)

6. Global Public, Cloud Storage Market, By Region, 2018–2028 (USD Billion)

7. Global Hybrid, Cloud Storage Market, By Region, 2018–2028 (USD Billion)

8. Global Cloud Storage Market, By User Type , 2018–2028 (USD Billion)

9. Global Large Enterprises, Cloud Storage Market, By Region, 2018–2028 (USD Billion)

10. Global Small and Medium Enterprises, Cloud Storage Market, By Region, 2018–2028 (USD Billion)

11. Global Barley, Cloud Storage Market, By Region, 2018–2028 (USD Billion)

12. Global Cloud Storage Market, By Industry Vertical , 2018–2028 (USD Billion)

13. Global BFSI, Cloud Storage Market, By Region, 2018–2028 (USD Billion)

14. Global Government & Public Sector, Cloud Storage Market, By Region, 2018–2028 (USD Billion)

15. Global Healthcare, Cloud Storage Market, By Region, 2018–2028 (USD Billion)

16. Global IT & Telecom, Cloud Storage Market, By Region, 2018–2028 (USD Billion)

17. Global Retail, Cloud Storage Market, By Region, 2018–2028 (USD Billion)

18. Global Manufacturing, Cloud Storage Market, By Region, 2018–2028 (USD Billion)

19. Global Media & Entertainment, Cloud Storage Market, By Region, 2018–2028 (USD Billion)

20. Global Others, Cloud Storage Market, By Region, 2018–2028 (USD Billion)

21. Global Cloud Storage Market, By Region, 2018–2028 (USD Billion)

22. Global Cloud Storage Market, By North America, 2018–2028 (USD Billion)

23. North America Cloud Storage Market, By Component  , 2018–2028 (USD Billion)

24. North America Cloud Storage Market, By Deployment Type , 2018–2028 (USD Billion)

25. North America Cloud Storage Market, By User Type , 2018–2028 (USD Billion)

26. North America Cloud Storage Market, By Industry Vertical , 2018–2028 (USD Billion)

27. U.S. Cloud Storage Market, By Component  , 2018–2028 (USD Billion)

28. U.S. Cloud Storage Market, By Deployment Type , 2018–2028 (USD Billion)

29. U.S. Cloud Storage Market, By Industry Vertical , 2018–2028 (USD Billion)

30. U.S. Cloud Storage Market, By User Type , 2018–2028 (USD Billion)

31. Canada Cloud Storage Market, By Component  , 2018–2028 (USD Billion)

32. Canada Cloud Storage Market, By Deployment Type , 2018–2028 (USD Billion)

33. Canada Cloud Storage Market, By Industry Vertical , 2018–2028 (USD Billion)

34. Canada Cloud Storage Market, By User Type , 2018–2028 (USD Billion)

35. Mexico Cloud Storage Market, By Component  , 2018–2028 (USD Billion)

36. Mexico Cloud Storage Market, By Deployment Type , 2018–2028 (USD Billion)

37. Mexico Cloud Storage Market, By Industry Vertical , 2018–2028 (USD Billion)

38. Mexico Cloud Storage Market, By User Type , 2018–2028 (USD Billion)

39. Europe Cloud Storage Market, By Component  , 2018–2028 (USD Billion)

40. Europe Cloud Storage Market, By Deployment Type , 2018–2028 (USD Billion)

41. Europe Cloud Storage Market, By Industry Vertical , 2018–2028 (USD Billion)

42. Europe Cloud Storage Market, By User Type , 2018–2028 (USD Billion)

43. Germany Cloud Storage Market, By Component  , 2018–2028 (USD Billion)

44. Germany Cloud Storage Market, By Deployment Type , 2018–2028 (USD Billion)

45. Germany Cloud Storage Market, By Industry Vertical , 2018–2028 (USD Billion)

46. Germany Cloud Storage Market, By User Type , 2018–2028 (USD Billion)

47. France Cloud Storage Market, By Component  , 2018–2028 (USD Billion)

48. France Cloud Storage Market, By Deployment Type , 2018–2028 (USD Billion)

49. France Cloud Storage Market, By Industry Vertical , 2018–2028 (USD Billion)

50. France Cloud Storage Market, By User Type , 2018–2028 (USD Billion)

51. U.K. Cloud Storage Market, By Component  , 2018–2028 (USD Billion)

52. U.K. Cloud Storage Market, By Deployment Type , 2018–2028 (USD Billion)

53. U.K. Cloud Storage Market, By Industry Vertical , 2018–2028 (USD Billion)

54. U.K. Cloud Storage Market, By User Type , 2018–2028 (USD Billion)

55. Italy Cloud Storage Market, By Component  , 2018–2028 (USD Billion)

56. Italy Cloud Storage Market, By Deployment Type , 2018–2028 (USD Billion)

57. Italy Cloud Storage Market, By Industry Vertical , 2018–2028 (USD Billion)

58. Italy Cloud Storage Market, By User Type , 2018–2028 (USD Billion)

59. Spain Cloud Storage Market, By Component  , 2018–2028 (USD Billion)

60. Spain Cloud Storage Market, By Deployment Type , 2018–2028 (USD Billion)

61. Spain Cloud Storage Market, By Industry Vertical , 2018–2028 (USD Billion)

62. Spain Cloud Storage Market, By User Type , 2018–2028 (USD Billion)

63. Asia Pacific Cloud Storage Market, By Component  , 2018–2028 (USD Billion)

64. Asia Pacific Cloud Storage Market, By Deployment Type , 2018–2028 (USD Billion)

65. Asia Pacific Cloud Storage Market, By Industry Vertical , 2018–2028 (USD Billion)

66. Asia Pacific Cloud Storage Market, By User Type , 2018–2028 (USD Billion)

67. Japan Cloud Storage Market, By Component  , 2018–2028 (USD Billion)

68. Japan Cloud Storage Market, By Deployment Type , 2018–2028 (USD Billion)

69. Japan Cloud Storage Market, By Industry Vertical , 2018–2028 (USD Billion)

70. Japan Cloud Storage Market, By User Type , 2018–2028 (USD Billion)

71. China Cloud Storage Market, By Component  , 2018–2028 (USD Billion)

72. China Cloud Storage Market, By Deployment Type , 2018–2028 (USD Billion)

73. China Cloud Storage Market, By Industry Vertical , 2018–2028 (USD Billion)

74. China Cloud Storage Market, By User Type , 2018–2028 (USD Billion)

75. India Cloud Storage Market, By Component  , 2018–2028 (USD Billion)

76. India Cloud Storage Market, By Deployment Type , 2018–2028 (USD Billion)

77. India Cloud Storage Market, By Industry Vertical , 2018–2028 (USD Billion)

78. India Cloud Storage Market, By User Type , 2018–2028 (USD Billion)

79. South America Cloud Storage Market, By Component  , 2018–2028 (USD Billion)

80. South America Cloud Storage Market, By Deployment Type , 2018–2028 (USD Billion)

81. South America Cloud Storage Market, By Industry Vertical , 2018–2028 (USD Billion)

82. South America Cloud Storage Market, By User Type , 2018–2028 (USD Billion)

83. Brazil Cloud Storage Market, By Component  , 2018–2028 (USD Billion)

84. Brazil Cloud Storage Market, By Deployment Type , 2018–2028 (USD Billion)

85. Brazil Cloud Storage Market, By Industry Vertical , 2018–2028 (USD Billion)

86. Brazil Cloud Storage Market, By User Type , 2018–2028 (USD Billion)

87. Middle East and Africa Cloud Storage Market, By Component  , 2018–2028 (USD Billion)

88. Middle East and Africa Cloud Storage Market, By Deployment Type , 2018–2028 (USD Billion)

89. Middle East and Africa Cloud Storage Market, By Industry Vertical , 2018–2028 (USD Billion)

90. Middle East and Africa Cloud Storage Market, By User Type , 2018–2028 (USD Billion)

91. UAE Cloud Storage Market, By Component  , 2018–2028 (USD Billion)

92. UAE Cloud Storage Market, By Deployment Type , 2018–2028 (USD Billion)

93. UAE Cloud Storage Market, By Industry Vertical , 2018–2028 (USD Billion)

94. UAE Cloud Storage Market, By User Type , 2018–2028 (USD Billion)

95. South Africa Cloud Storage Market, By Component  , 2018–2028 (USD Billion)

96. South Africa Cloud Storage Market, By Deployment Type , 2018–2028 (USD Billion)

97. South Africa Cloud Storage Market, By Industry Vertical , 2018–2028 (USD Billion)

98. South Africa Cloud Storage Market, By User Type , 2018–2028 (USD Billion)

List of Figures 

1. Global Cloud Storage Market Segmentation

2. Cloud Storage Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Cloud Storage Market Attractiveness Analysis By Component  

9. Global Cloud Storage Market Attractiveness Analysis By Deployment Type 

10. Global Cloud Storage Market Attractiveness Analysis By User Type 

11. Global Cloud Storage Market Attractiveness Analysis By Industry Vertical 

12. Global Cloud Storage Market Attractiveness Analysis By Region

13. Global Cloud Storage Market: Dynamics

14. Global Cloud Storage Market Share By Component  (2021 & 2028)

15. Global Cloud Storage Market Share by Deployment Type (2021 & 2028)

16. Global Cloud Storage Market Share by User Type (2021 & 2028)

17. Global Cloud Storage Market Share by Industry Vertical (2021 & 2028)

18. Global Cloud Storage Market Share by Regions (2021 & 2028)

19. Global Cloud Storage Market Share by Company (2020)

This study forecasts revenue at global, regional, and country levels from 2018 to 2028. The Brainy Insights has segmented the global Cloud Storage market on the basis of below mentioned segments:

Global Cloud Storage Market by Component:

  • Solution
  • Services

Global Cloud Storage Market by Deployment Type:

  • Private
  • Public
  • Hybrid

Global Cloud Storage Market by User Type:

  • Large Enterprises
  • Small and Medium Enterprises

Global Cloud Storage Market by Industry Vertical:

  • BFSI
  • Government & Public Sector
  • Healthcare
  • IT & Telecom
  • Retail
  • Manufacturing
  • Media & Entertainment
  • Others

Global Cloud Storage Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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