Global Online File Storage Services Market by Type (On-premise, Cloud Based), By Application (Large Enterprise, SMEs) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global online file storage services market is expected to grow at a CAGR of over 16% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based storage solutions and the growing trend of Bring Your Own Device (BYOD). Additionally, the rising need for data security and compliance is also contributing to the growth of this market. On-premise online file storage services are currently dominating the global market, however, cloud-based online file storage services are expected to witness higher growth rates during the forecast period. This can be attributed to their lower costs and easy scalability. Large enterprises are currently accounting for a major share of this market; however, SMEs are expected to witness higher growth rates during the forecast period owing to their growing adoption of cloud-based solutions. 



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Product Definition:

Online file storage services are a type of cloud storage service that allow users to store files on the internet. These services can be used to store any type of file, including documents, photos, and videos. Online file storage is important because it allows users to access their files from anywhere they have an internet connection. This can be useful for both personal and business purposes. For example, online file storage can be used to store work documents so that employees can access them from home or on the go. It can also be used to archive old photos or videos so that they are available anytime you need them.

On-premise:

On-premise is a term used to define storage of data and applications on the computers present in the organization or at remote locations using dedicated hardware. The advantage of this system is that all applications and data are stored within the premises itself, which makes it easier for users to access any information.

Cloud Based:

Cloud-based storage is a service model in which data, applications, and software are stored on remote servers using networking and server virtualization technology. The cloud based storage services market is expected to witness significant growth over the forecast period owing to increasing demand for online file storage services by small & medium enterprises.

Application Insights:

The large enterprise segment accounted for the largest revenue share of over 60% in 2017. The large enterprises have a robust IT infrastructure and are capable of handling online data storage requirements. These companies offer multiple cloud services to store their data remotely from their premises thereby reducing costs associated with on-premise solutions or servers. The SMEs' application segment is expected to witness the fastest growth at a CAGR of XX% from 2018 to 2030 during the forecast period, owing to increasing adoption by small businesses and startups for storing digital files online securely with ease as they can access it remotely through internet.

Online file storage services help organizations save both time.

Regional Analysis:

North America accounted for the largest revenue share in 2017. The region is expected to maintain its lead over the forecast period owing to factors such as increasing adoption of cloud-based services and high internet penetration. Furthermore, growing number of small & medium enterprises (SMEs) in North America is anticipated to fuel market growth over the forecast period. Asia Pacific online file storage services market is estimated to grow at a lucrative rate over the next eight years owing to increasing government initiatives and investments on data security within countries such as India, China, Singapore and Australia among others. Moreover, rising number of large enterprises in this region due their low cost compared with that offered by traditional storage providers has also contributed significantly towards regional growth.

Growth Factors:

Increasing demand for data storage and backup solutions
Rapid growth of big data and the need for storage capacity
Proliferation of mobile devices and the increasing demand for cloud-based storage services
Emergence of new file formats that require more efficient storage solutions
Growing trend of Bring Your Own Device (BYOD) in enterprises


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Scope Of The Report
Report Attributes
Report Details
Report Title
Online File Storage Services Market Research Report
By Type
On-premise, Cloud Based
By Application
Large Enterprise, SMEs
By Companies
Microsoft, Google, Tencent, SugarSync, IDrive Inc., Dropbox, SpiderOak, Alibaba, Huawei, Apple
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
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.

Global Online File Storage Services Market Report Segments:
The global Online File Storage Services market is segmented on the basis of:
Types
On-premise, Cloud Based
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
Large Enterprise, SMEs
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:
Microsoft
Google
Tencent
SugarSync
IDrive Inc.
Dropbox
SpiderOak
Alibaba
Huawei
Apple



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Highlights of The Online File Storage Services 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:
On-premise
Cloud Based
By Application:
Large Enterprise
SMEs
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 Online File Storage Services 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

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