HOME Top Market Reports Cloud Storage Market by Type (Solutions and Services), Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), Vertical, and Region - Global Forecast to 2022

Cloud Storage Market by Type (Solutions and Services), Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), Vertical, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: February 2018
Report Code: TC 2410

 

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The cloud storage market size is expected to grow from USD 23.48 Billion in 2016 to USD 88.91 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 23.7% during the forecast period. The base year considered for this study is 2016 and the forecast period is 2017–2022. With the increasing penetration of cloud computing and other emerging technologies, such as Internet of Things (IoT), big data, and serverless architecture, the demand for cloud storage solutions and services among enterprises is expected to grow significantly.

Objectives of the Study

  • To describe and forecast the global cloud storage market by type (solutions and services), organization size, deployment model, vertical, and region
  • To forecast the market size of the 5 main regional segments, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
  • To analyze the subsegments with respect to the individual growth trends, prospects, and contributions to the total market
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze the opportunities in the market for stakeholders and provide details of competitive landscape for the major players
  • To profile the key players and comprehensively analyze their core competencies and positioning
  • To track and analyze competitive developments, such as mergers and acquisitions; new product developments; and partnerships, agreements, and collaborations in the cloud storage market

The research methodology used to estimate and forecast the market began with capturing the data on key vendor revenues through secondary research, such as Cloud Computing Association, Association for Financial Professionals, and Information Systems Security Association. Vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global cloud storage market from revenues of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments. The breakdown of primary profiles is depicted in the below figure:

Cloud Storage Market

To know about the assumptions considered for the study, download the pdf brochure

The cloud storage ecosystem comprises service providers, such as AWS (US), IBM (US), Microsoft (US), Google (US), Oracle (US), HPE (US), Dell EMC (US), VMware (US), Rackspace (US), and Dropbox (US). The other stakeholders of the cloud storage market include systems integrators, application designers and development service providers, and network service providers.

Key Target Audience

  • Training and consulting service providers
  • Cloud storage vendors
  • Cloud service providers
  • Telecom service providers
  • System integrators
  • Government agencies
  • Managed service providers

“The research study answers several questions for the stakeholders, primarily which market segments to focus in the next 2–5 years for prioritizing the efforts and investments.”

Scope of the Report

The research report categorizes the cloud storage market to forecast the revenues and analyze the trends in each of the following submarkets:

By Type

  • Solutions
    • Primary storage
    • Disaster recovery and backup
    • Cloud storage gateway
    • Data archiving
  • Services
    • Training and consulting
    • Integration and migration
    • Support and maintenance
    • Managed services

By Organization Size

  • Large enterprises
  • Small and Medium-sized Enterprises (SMEs)

By Deployment Model

  • Public cloud
  • Private cloud
  • Hybrid cloud

By Vertical

  • Banking, Financial Services, and Insurance (BFSI)
  • Healthcare and life sciences
  • Telecommunications and Information Technology-enabled Services (ITES)
  • Government and public sector
  • Manufacturing
  • Consumer goods and retail
  • Media and entertainment
  • Others (travel and hospitality, transportation and logistics, and education)

By Region

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations based on the company-specific needs.

Company Information

Detailed analysis and profiling of additional market players (up to 5).

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 23)

4 Premium Insights (Page No. - 26)
    4.1 Attractive Market Opportunities in the Cloud Storage Market
    4.2 Market By Deployment Model (2017 vs 2022)
    4.3 Market Shares of Top 3 Verticals and Regions, 2017
    4.4 Market Investment Scenario

5 Market Overview and Industry Trends (Page No. - 28)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rapid Adoption of Hybrid Cloud Storage
                    5.2.1.2 Significant Growth in Iot
                    5.2.1.3 Growing Need for Enterprise Mobility to Improve the Efficiency
                    5.2.1.4 Faster and Easier Deployment of Cloud Storage Solutions
                    5.2.1.5 Need for Lower CAPEX and OPEX
           5.2.2 Restraints
                    5.2.2.1 Fear of Vendor Lock-In and Organizations’ Resistance to Adopting Modern Technologies
                    5.2.2.2 Strict Government Rules and Regulations
                    5.2.2.3 Lack of Network Bandwidth
           5.2.3 Opportunities
                    5.2.3.1 Opportunities for MSPS
                    5.2.3.2 High Rate of Adoption Among the SMES
                    5.2.3.3 Increasing Need for Technologically Advanced Storage Solutions
           5.2.4 Challenges
                    5.2.4.1 Stiff Competition
                    5.2.4.2 Delivering Robust Yet High Performing Storage Solutions
    5.3 Regulatory Framework
           5.3.1 Payment Card Industry Data Security Standard
           5.3.2 Federal Information Security Management Act
           5.3.3 International Organization for Standardization /International Electrotechnical Commission 27018

6 Cloud Storage Market, By Type (Page No. - 34)
    6.1 Introduction
    6.2 Solutions
           6.2.1 Primary Storage
           6.2.2 Disaster Recovery and Backup
           6.2.3 Cloud Storage Gateway
           6.2.4 Data Archiving
    6.3 Services
           6.3.1 Training and Consulting
           6.3.2 Integration and Migration
           6.3.3 Support and Maintenance
           6.3.4 Managed Services

7 Market By Deployment Model (Page No. - 44)
    7.1 Introduction
    7.2 Public Cloud
    7.3 Private Cloud
    7.4 Hybrid Cloud

8 Market By Organization Size (Page No. - 48)
    8.1 Introduction
    8.2 Large Enterprises
    8.3 Small and Medium-Sized Enterprises

9 Cloud Storage Market, By Vertical (Page No. - 52)
    9.1 Introduction
    9.2 Banking, Financial Services, and Insurance
    9.3 Telecommunications and Ites
    9.4 Healthcare and Life Sciences
    9.5 Government and Public Sector
    9.6 Manufacturing
    9.7 Media and Entertainment
    9.8 Consumer Goods and Retail
    9.9 Others

10 Cloud Storage Market, By Region (Page No. - 61)
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia Pacific
     10.5 Middle East and Africa
     10.6 Latin America

11 Competitive Landscape (Page No. - 77)
     11.1 Overview
     11.2 Competitive Situations and Trends
             11.2.1 Partnerships, Agreements, and Collaborations
             11.2.2 New Product Launches
             11.2.3 Business Expansions
             11.2.4 Mergers and Acquisitions
     11.3 Market Standing, By Key Player

12 Company Profiles (Page No. - 82)
     12.1 Introduction
     12.2 AWS
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     12.3 IBM
     12.4 Microsoft
     12.5 Google
     12.6 Oracle
     12.7 VMware
     12.8 Rackspace
     12.9 HPE
     12.10 Dell EMC
     12.11 Dropbox

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 107)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (65 Tables)

Table 1 Cloud Storage Market Size and Growth Rate, 2015–2022 (USD Million, Y-O-Y %)
Table 2 Market Size By Type, 2015–2022 (USD Billion)
Table 3 Market Size By Solution, 2015–2022 (USD Billion)
Table 4 Solutions:Market Size By Region, 2015–2022 (USD Billion)
Table 5 Primary Storage: Market Size By Region, 2015–2022 (USD Million)
Table 6 Disaster Recovery and Backup: Market Size By Region, 2015–2022 (USD Million)
Table 7 Cloud Storage Gateway: Market Size By Region, 2015–2022 (USD Million)
Table 8 Data Archiving: Market Size By Region, 2015–2022 (USD Million)
Table 9 Cloud Storage Market Size, By Service, 2015–2022 (USD Million)
Table 10 Training and Consulting: Market Size By Region, 2015–2022 (USD Million)
Table 11 Integration and Migration: Market Size By Region, 2015–2022 (USD Million)
Table 12 Support and Maintenance: Market Size By Region, 2015–2022 (USD Million)
Table 13 Managed Services: Market Size By Region, 2015–2022 (USD Million)
Table 14 Cloud Storage Market Size, By Deployment Model, 2015–2022 (USD Billion)
Table 15 Public Cloud: Market Size By Region, 2015–2022 (USD Million)
Table 16 Private Cloud: Market Size By Region, 2015–2022 (USD Million)
Table 17 Hybrid Cloud: Market Size By Region, 2015–2022 (USD Million)
Table 18 Cloud Storage Market Size, By Organization Size, 2015–2022 (USD Billion)
Table 19 Large Enterprises: Market Size,By Region, 2015–2022 (USD Million)
Table 20 Small and Medium-Sized Enterprises: Market Size By Region, 2015–2022 (USD Million)
Table 21 Cloud Storage Market Size, By Vertical, 2015–2022 (USD Billion)
Table 22 Banking, Financial Services, and Insurance: Market Size By Region, 2015–2022 (USD Million)
Table 23 Telecommunications and Ites: Market Size By Region, 2015–2022 (USD Million)
Table 24 Healthcare and Life Sciences: Market Size By Region, 2015–2022 (USD Million)
Table 25 Government and Public Sector: Market Size By Region, 2015–2022 (USD Million)
Table 26 Manufacturing: Market Size By Region, 2015–2022 (USD Million)
Table 27 Media and Entertainment: Market Size By Region, 2015–2022 (USD Million)
Table 28 Consumer Goods and Retail: Market Size, By Region, 2015–2022 (USD Million)
Table 29 Others: Market Size By Region, 2015–2022 (USD Million)
Table 30 Cloud Storage Market Size, By Region, 2015–2022 (USD Billion)
Table 31 North America: Market Size By Type, 2015–2022 (USD Billion)
Table 32 North America: Market Size By Solution, 2015–2022 (USD Million)
Table 33 North America: Market Size By Service, 2015–2022 (USD Million)
Table 34 North America: Market Size By Deployment Model, 2015–2022 (USD Billion)
Table 35 North America: Market Size By Organization Size, 2015–2022 (USD Billion)
Table 36 North America: Market Size By Vertical, 2015–2022 (USD Million)
Table 37 Europe: Cloud Storage Market Size, By Type, 2015–2022 (USD Billion)
Table 38 Europe: Market Size By Solution, 2015–2022 (USD Million)
Table 39 Europe: Market Size By Service, 2015–2022 (USD Million)
Table 40 Europe: Market Size By Deployment Model, 2015–2022 (USD Billion)
Table 41 Europe: Market Size By Organization Size, 2015–2022 (USD Billion)
Table 42 Europe: Market Size By Vertical, 2015–2022 (USD Million)
Table 43 Asia Pacific: Cloud Storage Market Size, By Type, 2015–2022 (USD Million)
Table 44 Asia Pacific: Market Size By Solution, 2015–2022 (USD Million)
Table 45 Asia Pacific: Market Size By Service, 2015–2022 (USD Million)
Table 46 Asia Pacific: Market Size By Deployment Model, 2015–2022 (USD Million)
Table 47 Asia Pacific: Market Size By Organization Size, 2015–2022 (USD Million)
Table 48 Asia Pacific: Market Size By Vertical, 2015–2022 (USD Million)
Table 49 Middle East and Africa: Cloud Storage Market Size, By Type, 2015–2022 (USD Million)
Table 50 Middle East and Africa: Market Size By Solution, 2015–2022 (USD Million)
Table 51 Middle East and Africa: Market Size By Service, 2015–2022 (USD Million)
Table 52 Middle East and Africa: Market Size By Deployment Model, 2015–2022 (USD Million)
Table 53 Middle East and Africa: Market Size By Organization Size, 2015–2022 (USD Million)
Table 54 Middle East and Africa: Market Size By Vertical, 2015–2022 (USD Million)
Table 55 Latin America: Cloud Storage Market Size, By Type, 2015–2022 (USD Million)
Table 56 Latin America: Market Size By Solution, 2015–2022 (USD Million)
Table 57 Latin America: Market Size By Service, 2015–2022 (USD Million)
Table 58 Latin America: Market Size By Deployment Model, 2015–2022 (USD Million)
Table 59 Latin America: Market Size By Organization Size, 2015–2022 (USD Million)
Table 60 Latin America: Market Size By Vertical, 2015–2022 (USD Million)
Table 61 Partnerships, Agreements, and Collaborations, 2017
Table 62 New Product Launches, 2016–2017
Table 63 Business Expansions, 2015–2017
Table 64 Mergers and Acquisitions, 2015
Table 65 Cloud Storage Market: Market Standing, 2017


List of Figures (38 Figures)

Figure 1 Cloud Storage Market Segmentation
Figure 2 Market Research Design
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Cloud Storage Market: Assumptions
Figure 7 Market Snapshot 2015–2022
Figure 8 Top 3 Segments With the Largest Market Shares in the Cloud Storage Market
Figure 9 Cloud Storage Market: Regional Snapshot
Figure 10 Rapid Adoption of Hybrid Cloud Storage is Expected to Contribute to the Growth of the Market
Figure 11 Public Cloud Deployment Model is Estimated to Have the Largest Market Size in 2017
Figure 12 Banking, Financial Services, and Insurance Vertical, and North America are Expected to Have the Largest Market Shares in 2017
Figure 13 Asia Pacific is Expected to Emerge as the Best Market for Investment in the Next 5 Years
Figure 14 Cloud Storage Market: Drivers, Restraints, Opportunities, and Challenges
Figure 15 Solutions Segment is Estimated to Have the Larger Market Size in 2017
Figure 16 Primary Storage Segment is Estimated to Have the Largest Market Size in 2017
Figure 17 Training and Consulting Segment is Estimated to Have the Largest Market Size in 2017
Figure 18 Public Cloud Deployment Model is Estimated to Have the Largest Market Size in 2017
Figure 19 Large Enterprises Segment is Estimated to Have the Larger Market Size in 2017
Figure 20 Banking, Financial Services, and Insurance Vertical is Estimated to Have the Largest Market Size in the Cloud Storage Market in 2017
Figure 21 North America is Estimated to Have the Largest Market Size in 2017
Figure 22 North America: Market Snapshot
Figure 23 Asia Pacific: Market Snapshot
Figure 24 Key Developments By Leading Players in the Cloud Storage Market, 2014–2017
Figure 25 Market Evaluation Framework
Figure 26 AWS: Company Snapshot
Figure 27 AWS: SWOT Analysis
Figure 28 IBM: Company Snapshot
Figure 29 IBM: SWOT Analysis
Figure 30 Microsoft: Company Snapshot
Figure 31 Microsoft: SWOT Analysis
Figure 32 Google: Company Snapshot
Figure 33 Google: SWOT Analysis
Figure 34 Oracle: Company Snapshot
Figure 35 Oracle: SWOT Analysis
Figure 36 VMware: Company Snapshot
Figure 37 HPE: Company Snapshot
Figure 38 Dell EMC: Company Snapshot

The cloud storage market is expected to grow from USD 30.70 Billion in 2017 to USD 88.91 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 23.7% during the forecast period. The demand for cloud storage is driven by many factors, such as increasing adoption of hybrid cloud storage; growing need for enterprise mobility for improved efficiency; significant growth in Internet of Things (IoT); and need for lower Capital Expenditure (CAPEX) and Operational Expenditure (OPEX). With the availability of cloud storage solutions and services, the need to maintain an on-premises storage infrastructure, such as disk storage and tape devices, has been eliminated.

The cloud storage market has been segmented on the basis of types (solutions and services), deployment models, organization sizes, verticals, and regions. The managed services segment is expected to grow at the highest CAGR during the forecast period, and the training and consulting service type is estimated to have the largest market size in 2017 in the cloud storage market. The adoption of cloud services among Small and Medium-sized Enterprises (SMEs) has become a central part of the business process, owing to the ease of use and the flexibility they offer, and is expected to grow in the coming years.

The public cloud deployment model is estimated to hold the largest market share in 2017. By using cloud storage solutions and services, enterprises are developing newer and better ways of enhancing operational benefits while reducing the costs. Faster deployment, scalability, and agility; cloud compliance requirements; need for lower CAPEX and OPEX; mobility enforcement; and uninterrupted business continuity are expected to drive the demand for cloud storage. The enterprises, which are adopting cloud storage solutions and services, are increasingly inclined toward deploying cloud-based solutions to run their critical business functions.

North America is estimated to hold the largest market size in 2017, whereas the Asia Pacific (APAC) region is projected to grow at the highest CAGR during the forecast period in the cloud storage market. An increasing need for efficient computing framework and shifting workload to the cloud environment are said to be driving the demand for cloud storage, globally.

Cloud Storage Market

The adoption of cloud storage is expected to increase, owing to faster deployment, scalability, and agility; cloud compliance requirements; reduced CAPEX and OPEX; mobility enforcement; and uninterrupted business continuity. However, enterprises face some obstacles while adopting cloud storage, as not all enterprise services are supported in the cloud, and due to strict government rules and regulations, and fear of vendor lock-ins.

Major vendors providing cloud storage are AWS (US), IBM (US), Microsoft (US), Google (US), Oracle (US), HPE (US), Dell EMC (US), VMware (US), Rackspace (US), and Dropbox (US). These players have adopted various strategies, such as new product developments; mergers and acquisitions; and collaborations and partnerships, to expand their presence in the global cloud storage market.

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