Cloud Storage Services Market 2020-2024 | Adoption of IoT and Big Data to Boost Growth

 

The cloud storage services market and it is poised to grow by USD 73.21 billion during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio’s latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Cloud Storage Services Market Download free sample report

The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Alibaba Cloud, Amazon Web Services Inc., Dell Technologies Inc., Fujitsu Ltd., Google LLC, Hewlett Packard Enterprise Co., Hitachi Ltd., International Business Machines Corp., Microsoft Corp., and Oracle Corp. are some of the major market participants. The adoption of IoT and big data will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Adoption of IoT and big data has been instrumental in driving the growth of the market.

Cloud Storage Services Market 2020-2024: Segmentation

Cloud Storage Services Market is segmented as below:

·         End-user

·         Large Enterprises

·         SMEs

·         Geographic Landscape

·         APAC

·         Europe

·         MEA

·         North America

·         South America

Cloud Storage Services Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our cloud storage services market report covers the following areas:

·         Cloud Storage Services Market Size

·         Cloud Storage Services Market Trends

·         Cloud Storage Services Market Analysis

This study identifies the high adoption of cloud data services by SMEs as one of the prime reasons driving the cloud storage services market growth during the next few years.