Global Cloud Object Storage Market, By Service (Professional Service, Managed Service), Organization Size (Large Enterprises, Small and Medium Enterprises), Cloud Deployment (Public, Hybrid), End-User (BFSI, IT and ITeS, Telecommunications, Healthcare and Life Sciences, Media and Entertainment, Consumer Goods and Retail, Manufacturing, Government and Public Sector, Energy and Utilities, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Cloud Object Storage Market
The cloud object storage market is expected to witness market growth at a rate of 18.15% in the forecast period of 2021 to 2028. Data Bridge Market Research report on cloud object storage market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid digitization globally is escalating the growth of cloud object storage market.
Cloud object storage is defined as a format for unstructured data in the cloud. It is considered as a cost-effective solution that offers a secondary storage option for various organizations. The technology is widely used for storage of data security & data integrity, and backup & data archiving.
The growing data volumes across enterprises acts as one of the major factors driving the growth of cloud object storage market. The increase in need to provide the remote workforce with ubiquitous access to data and files, and rise in demand for technologically upgraded services and high demand for the fast transfer of data accelerate the market growth. The high need for managing storage and privacy issues, providing information related to governance, offering data integrity and data protection and security, and growing focus on minimizing the cost for the development of IT infrastructure further influence the market. Additionally, rise of containerization, rapid urbanization and digitization, and surge in investment for advanced solutions positively affect the cloud object storage market. Furthermore, infusion of AI to achieve data integrity and emergence of distributed storage arrays extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, lifetime storage and egress costs associated with public cloud environments, and data privacy and security concerns are expected to obstruct the market growth. Latency and network outage issues associated with public cloud environments are projected to challenge the cloud object storage market in the forecast period of 2021-2028.
This cloud object storage market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cloud object storage market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cloud Object Storage Market Scope and Market Size
The cloud object storage market is segmented on the basis of services, organization size, cloud deployment and end-user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of services, the cloud object storage market is segmented into professional service, and managed service.
- On the basis of organization size, the cloud object storage market is segmented into large enterprises, and small and medium enterprises.
- On the basis of cloud deployment, the cloud object storage market is segmented into public and hybrid.
- On the basis of end-user, the cloud object storage market is segmented into BFSI, IT and ITeS, telecommunications, healthcare and life sciences, media and entertainment, consumer goods and retail, manufacturing, government and public sector, energy and utilities and others.
Cloud Object Storage Market Country Level Analysis
The cloud object storage market is analyzed and market size, volume information is provided by country, services, organization size, cloud deployment and end-user as referenced above.
The countries covered in the cloud object storage market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominate the cloud object storage market due to the increasing data volumes from various verticals and technologies such as big data analytics, the internet of things, and cloud computing within the region. Asia-Pacific is expected to witness highest growth during the forecast period of 2021 to 2028 because of the rising adoption of its services in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cloud Object Storage Market Share Analysis
The cloud object storage market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cloud object storage market.
The major players covered in the cloud object storage market report are Amazon Web Services, Inc., Microsoft, IBM Corporation, Oracle, BlackironData, Cumulogic, EMC, Hewlett-Packard, Dell, Atlantic.Net, VMware, Cisco Systems, Inc., Data direct Networks, and Verizon Terremark, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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