Market Overview:
The global cloud storage market is expected to grow from USD XX billion in 2018 to USD XX billion by 2030, at a CAGR of XX%. The growth of the market can be attributed to the increasing demand for data storage and rising need for data security. However, lack of awareness about cloud storage services and concerns about data privacy are restraining the growth of the market. Based on type, the global cloud storage market is segmented into personal cloud storage, public cloud storage, private cloud storage, and hybrid cloud Storage. Personal Cloud Storage is further sub-segmented into consumer-grade and prosumer-grade. Public Cloud Storage is further sub-segmented into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). Private Cloud Storage is further sub-segmented into managed private clouds and self-managed private clouds. Hybrid Cloud Storage is further sub-segmented into public–private hybrid clouds and private–public hybrid clouds.
Product Definition:
Cloud Storage is a model of data storage where data is stored on remote servers accessed via the Internet. Cloud storage can be used for anything from backing up files to hosting large applications. The benefits of cloud storage include increased flexibility and scalability, as well as reduced costs compared to traditional on-premises storage solutions.
Personal Cloud Storage:
Personal cloud storage is a service that allows users to store files, photos, videos and documents on a remote server accessible through the internet. The user can access the stored data from any location via an application installed on his device (PC or mobile). The service also provides additional features such as sharing and collaboration tools among co-workers or family members.
The major advantage of using personal cloud storage is that it offers more flexibility than conventional cloud services as it's not bound to specific servers.
Public Cloud Storage:
Public cloud storage is a service that provides storage capacity on-demand and offers greater flexibility, as the data is stored remotely accessible through various devices such as laptops, smartphones and desktop computers. The primary benefit of public cloud over private clouds is that it's free for use. Also, it has lower latency compared to private clouds which makes it more suitable for storing data in motion media content or video streaming applications.
Application Insights:
The enterprise application segment accounted for the largest revenue share of over 60% in 2017. The growth is attributed to the increasing demand from enterprises for cost-efficient and secure cloud storage solutions. The growing adoption of public cloud storage by enterprises to store their data has resulted in increased competition among providers, which has driven prices down and attracted more customers.
Enterprises are increasingly moving their data into the public cloud due to its low costs as compared with on-premise solutions, along with improved flexibility and easy scalability that meets evolving business needs. This trend is expected to continue over the forecast period as most major vendors are focusing on providing flexible pricing options across various usage scenarios for both small & large businesses worldwide.
Regional Analysis:
The North American region dominated the global market in 2017. The growth can be attributed to the presence of a large number of players, increasing investments in data centers, and high adoption rate for advanced technologies such as cloud computing. Moreover, growing demand for digital content has led to an increase in online storage space which is further fueling the regional market growth.
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to increased spending on personal and public cloud storage spaces by consumers and enterprises respectively. Furthermore, government initiatives encouraging citizens for using digital services are anticipated to fuel industry expansion over this region’s forecast period.
Europe also held a significant share within global cloud storage markets due to increased investments made by prominent players such as Google Inc., Microsoft Corporation., IBM Corporation., Amazon Web Services LLC.
Growth Factors:
- Increasing demand for data storage: The global data volume is expected to grow from 33 zettabytes (ZB) in 2018 to 175 ZB by 2025, at a compound annual growth rate (CAGR) of 28%. This is driven by the continued growth of digital content and the increasing number of devices that are connected to the internet.
- Proliferation of IoT devices: The number of IoT devices is projected to grow from 21 billion in 2020 to more than 75 billion by 2025, resulting in a corresponding increase in the amount of data generated and stored.
- Shift from CAPEX-intensive storage solutions to OPEX-based models: Cloud storage providers are offering pay-as-you-go pricing models, which allows organizations to shift their spending from capital expenses (CAPEX)to operational expenses (OPEX).
- Growing need for data security and compliance: As businesses move more sensitive information online, there is an increased need for secure cloud storage solutions that can protect against cyber threats and meet compliance requirements.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud Storage Market Research Report
By Type
Personal Cloud Storage, Public Cloud Storage, Private Cloud Storage, Hybrid Cloud Storage
By Application
Enterprise, Government, Personal, Others
By Companies
OneDrive, Dropbox, Google Drive, Box, pCloud, Mega, Amazon Drive, SpiderOak, Baidu, Alibaba, Tencent, Microsoft
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Cloud Storage Market Report Segments:
The global Cloud Storage market is segmented on the basis of:
Types
Personal Cloud Storage, Public Cloud Storage, Private Cloud Storage, Hybrid Cloud Storage
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Enterprise, Government, Personal, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- OneDrive
- Dropbox
- Google Drive
- Box
- pCloud
- Mega
- Amazon Drive
- SpiderOak
- Baidu
- Alibaba
- Tencent
- Microsoft
Highlights of The Cloud Storage Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Personal Cloud Storage
- Public Cloud Storage
- Private Cloud Storage
- Hybrid Cloud Storage
- By Application:
- Enterprise
- Government
- Personal
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cloud Storage Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cloud storage is a service that allows users to store their data in the cloud. The cloud stores the data for users and provides access to it from anywhere.
Some of the major companies in the cloud storage market are OneDrive, Dropbox, Google Drive, Box, pCloud, Mega, Amazon Drive, SpiderOak, Baidu, Alibaba, Tencent, Microsoft.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cloud Storage Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cloud Storage Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cloud Storage Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cloud Storage Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cloud Storage Market Size & Forecast, 2020-2028
4.5.1 Cloud Storage Market Size and Y-o-Y Growth
4.5.2 Cloud Storage Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Personal Cloud Storage
5.2.2 Public Cloud Storage
5.2.3 Private Cloud Storage
5.2.4 Hybrid Cloud Storage
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Enterprise
6.2.2 Government
6.2.3 Personal
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cloud Storage Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cloud Storage Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Personal Cloud Storage
9.6.2 Public Cloud Storage
9.6.3 Private Cloud Storage
9.6.4 Hybrid Cloud Storage
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Enterprise
9.10.2 Government
9.10.3 Personal
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Personal Cloud Storage
10.6.2 Public Cloud Storage
10.6.3 Private Cloud Storage
10.6.4 Hybrid Cloud Storage
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Enterprise
10.10.2 Government
10.10.3 Personal
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Personal Cloud Storage
11.6.2 Public Cloud Storage
11.6.3 Private Cloud Storage
11.6.4 Hybrid Cloud Storage
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Enterprise
11.10.2 Government
11.10.3 Personal
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Personal Cloud Storage
12.6.2 Public Cloud Storage
12.6.3 Private Cloud Storage
12.6.4 Hybrid Cloud Storage
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Enterprise
12.10.2 Government
12.10.3 Personal
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Personal Cloud Storage
13.6.2 Public Cloud Storage
13.6.3 Private Cloud Storage
13.6.4 Hybrid Cloud Storage
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Enterprise
13.10.2 Government
13.10.3 Personal
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cloud Storage Market: Competitive Dashboard
14.2 Global Cloud Storage Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 OneDrive
14.3.2 Dropbox
14.3.3 Google Drive
14.3.4 Box
14.3.5 pCloud
14.3.6 Mega
14.3.7 Amazon Drive
14.3.8 SpiderOak
14.3.9 Baidu
14.3.10 Alibaba
14.3.11 Tencent
14.3.12 Microsoft
