Market Overview:
The global multi cloud storage solutions market is expected to grow at a CAGR of over 20% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for data storage and rising need for agility and flexibility in data management. Multi cloud storage solutions allow businesses to store their data on multiple clouds, which gives them more control over their data and helps them manage it more efficiently. This reduces the risk of losing important data in case of any unexpected outage or disaster. The global multi cloud storage solutions market is segmented on the basis of type, application, and region. On the basis of type, it is segmented into public cloud, private cloud, and hybrid cloud. On the basis of application, it is segmented into BFSI (banking, financial services & insurance), retail & ecommerce,, energy & utility,, health care & life science,, government sector,, transportation sector,, media & entertainment sector,.and others segments including education institutions etc.Region-wise,.the global multi-cloud storage solution market has been divided into North America,.Latin America,.Europe., Asia Pacific (APAC),and Middle East Africa (MEA). Some key players operating in this market are Amazon Web Services Inc., Microsoft Corporation IBM Corporation Google LLC Rackspace Hosting Inc., Salesforce Inc.
Product Definition:
Multi cloud storage solutions are defined as the usage of multiple cloud storage providers by a single organization or user. The purpose of using multiple cloud storage providers is to increase redundancy and data security. By spreading data across multiple providers, an organization can minimize the impact of a service outage or data breach. Multi cloud storage solutions are also important for businesses that need to comply with regulatory requirements, as different compliance regulations may require storing data in specific geographic locations.
Public:
Public cloud is a group of remote computer services that are made available to the general public for storing and sharing data. It includes both private and public clouds, as well as hybrid cloud solutions. The major factor driving market growth is increasing demand for big data analytics across various industry verticals such as BFSI, healthcare & life sciences, IT & telecom, media & entertainment and government sectors.
The hybrid multi-cloud storage solution offers benefits of both private.
Private:
Private is a cloud service that allows users to store data privately and securely on any server. It provides an additional layer of security over public or semi-private clouds. Private clouds are also known as internal clouds, as they are within an organization’s infrastructure rather than being hosted by third parties.
Private cloud services offer benefits such as increased storage capacity, enhanced scalability, and high availability at a lower cost compared to other solutions available in the market today.
Application Insights:
The retail segment dominated the market in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing consumer spending on luxury goods, electronics, and clothing. Furthermore, rising penetration of social media has created a need for efficient data management solutions that offer enhanced storage capabilities. This is further driving demand for multi cloud storage solutions from the retail sector.
The BFSI sector accounted for a significant share in 2017 owing to growing digitalization initiatives across banks and other financial institutions worldwide. Digital transformation has resulted in changing customer behavior; customers now require convenient access to their accounts 24*7 so that they can monitor transactions even while they are away from home or office using mobile devices as well as computers connected to the internet via Wi-Fi networks or cellular network connections provided by telecom companies such as AT&T Inc., Verizon Communications Inc., etc.
Regional Analysis:
The North American regional market accounted for the largest revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing investments by enterprises and cloud service providers. Moreover, a growing number of MCS vendors in this region is contributing towards industry growth. Increasing demand for data storage and processing capabilities drives multi-cloud solutions deployment across various industries, such as BFSI, retail, healthcare & life sciences, government sectors among others.
Asia Pacific regional market is anticipated to register significant growth over the forecast period owing to increasing adoption of digital services in emerging economies such as India and China among other countries which boosts overall industry development significantly.
Growth Factors:
- Increasing demand for data storage: The global data volume is expected to grow from 33 zettabytes (ZB) in 2017 to 175 ZB by 2025, at a compound annual growth rate (CAGR) of 28%. This is driven by the 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 17 billion in 2017 to over 75 billion by 2025, resulting in a corresponding increase in the amount of data generated by these devices.
- Shift towards cloud-based services: Enterprises are increasingly moving away from on-premises IT infrastructure and adopting cloud-based services instead. This shift is being driven by factors such as lower Total Cost of Ownership (TCO), faster time-to-market, and increased agility and scalability.
- Growing need for security & compliance: As businesses move more critical applications and data onto public clouds, there is an increased need for solutions that can help them meet security & compliance requirements.
Scope Of The Report
Report Attributes
Report Details
Report Title
Multi Cloud Storage Solutions Market Research Report
By Type
Public, Private, Hybrid
By Application
BFSI, Retail, Energy and Utility, Health care and Life science, Government, Others
By Companies
IBM Corp., SAP SE, Microsoft Corp., Gosun Technology, Google, Vmware (DELL), Amazon Web Services（AWS）, Alibaba
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
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Multi Cloud Storage Solutions Market Report Segments:
The global Multi Cloud Storage Solutions market is segmented on the basis of:
Types
Public, Private, Hybrid
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
BFSI, Retail, Energy and Utility, Health care and Life science, Government, 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:
- IBM Corp.
- SAP SE
- Microsoft Corp.
- Gosun Technology
- Google
- Vmware (DELL)
- Amazon Web Services（AWS）
- Alibaba
Highlights of The Multi Cloud Storage Solutions 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:
- Public
- Private
- Hybrid
- By Application:
- BFSI
- Retail
- Energy and Utility
- Health care and Life science
- Government
- 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 Multi Cloud Storage Solutions 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.
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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?
Multi Cloud Storage Solutions refers to a storage solution that allows users to access their files from multiple devices and platforms. This could include accessing files on a personal computer, laptop, tablet, or smartphone. Multi Cloud Storage Solutions can also include accessing files through the cloud-based services of companies such as Google Drive and iCloud.
Some of the major players in the multi cloud storage solutions market are IBM Corp., SAP SE, Microsoft Corp., Gosun Technology, Google, Vmware (DELL), Amazon Web Services（AWS）, Alibaba.
The multi cloud storage solutions market is expected to register a CAGR of 20%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multi Cloud Storage Solutions 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 Multi Cloud Storage Solutions Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multi Cloud Storage Solutions 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 Multi Cloud Storage Solutions 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 Multi Cloud Storage Solutions Market Size & Forecast, 2018-2028
4.5.1 Multi Cloud Storage Solutions Market Size and Y-o-Y Growth
4.5.2 Multi Cloud Storage Solutions Market Absolute $ Opportunity
Chapter 5 Global Multi Cloud Storage Solutions 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 Multi Cloud Storage Solutions Market Size Forecast by Type
5.2.1 Public
5.2.2 Private
5.2.3 Hybrid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Multi Cloud Storage Solutions 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 Multi Cloud Storage Solutions Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Retail
6.2.3 Energy and Utility
6.2.4 Health care and Life science
6.2.5 Government
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multi Cloud Storage Solutions 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 Multi Cloud Storage Solutions 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 Multi Cloud Storage Solutions Analysis and Forecast
9.1 Introduction
9.2 North America Multi Cloud Storage Solutions 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 Multi Cloud Storage Solutions Market Size Forecast by Type
9.6.1 Public
9.6.2 Private
9.6.3 Hybrid
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 Multi Cloud Storage Solutions Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Retail
9.10.3 Energy and Utility
9.10.4 Health care and Life science
9.10.5 Government
9.10.6 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 Multi Cloud Storage Solutions Analysis and Forecast
10.1 Introduction
10.2 Europe Multi Cloud Storage Solutions 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 Multi Cloud Storage Solutions Market Size Forecast by Type
10.6.1 Public
10.6.2 Private
10.6.3 Hybrid
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 Multi Cloud Storage Solutions Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Retail
10.10.3 Energy and Utility
10.10.4 Health care and Life science
10.10.5 Government
10.10.6 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 Multi Cloud Storage Solutions Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Multi Cloud Storage Solutions 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 Multi Cloud Storage Solutions Market Size Forecast by Type
11.6.1 Public
11.6.2 Private
11.6.3 Hybrid
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 Multi Cloud Storage Solutions Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Retail
11.10.3 Energy and Utility
11.10.4 Health care and Life science
11.10.5 Government
11.10.6 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 Multi Cloud Storage Solutions Analysis and Forecast
12.1 Introduction
12.2 Latin America Multi Cloud Storage Solutions 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 Multi Cloud Storage Solutions Market Size Forecast by Type
12.6.1 Public
12.6.2 Private
12.6.3 Hybrid
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 Multi Cloud Storage Solutions Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Retail
12.10.3 Energy and Utility
12.10.4 Health care and Life science
12.10.5 Government
12.10.6 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) Multi Cloud Storage Solutions Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Multi Cloud Storage Solutions 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) Multi Cloud Storage Solutions Market Size Forecast by Type
13.6.1 Public
13.6.2 Private
13.6.3 Hybrid
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) Multi Cloud Storage Solutions Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Retail
13.10.3 Energy and Utility
13.10.4 Health care and Life science
13.10.5 Government
13.10.6 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 Multi Cloud Storage Solutions Market: Competitive Dashboard
14.2 Global Multi Cloud Storage Solutions Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM Corp.
14.3.2 SAP SE
14.3.3 Microsoft Corp.
14.3.4 Gosun Technology
14.3.5 Google
14.3.6 Vmware (DELL)
14.3.7 Amazon Web Services（AWS）
14.3.8 Alibaba
