It offers the regional analysis of Global Consumer Cloud Storage Services Market along with the business profiles of several stakeholders. According to Accenture in 2019, the Digital-only banks operating in the U.K. could amass a total of 35 million customers globally within a period of 12 months. This is expected to boost the adoption of the cloud storage over the forecast period. The increasing data breaches in the banking sector is propelling the banks to adopt cloud storage that allows them to store data in a space managed and owned by the bank or a third party that offers better security to the end-user. This in itself is indicative of the fact of banking institutions could need solutions like cloud storage to handle such amounts of data. Cloud Storage Market Size, Share - Growth, Trends, and Forecast (2020 - 2025) The Global Cloud Storage Market is Segmented by Solution (Cloud Storage Gateway, Primary Storage, Backup Storage, Data Archiving), Service (Managed Services, Professional Services), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), End-User, and Geography. The increasing automation in the fields of aerospace and defense coupled with the necessity to improve storing and sharing data on operations and soldiers over the army cloud is expected to drive the market over the forecast period. Private Storage Cloud Market - 2019-2025 Market Overview In 2018, the global Private Storage Cloud market size was million US$ and it is expected to … As Financial services organizations worldwide in order to store and retain large volumes of communications are under increasing pressure from MiFID II, MAR, Dodd-Frank and FX Code of Conduct as regulations mandate recording of greater numbers of regulated users, asset classes, channels & devices. Amazon web services has the largest cloud computing market share in at 32%. The data which is stored in and is accessible from multiple distributed and connected resources. Consumer Cloud Storage Services Latest Research Report. One of the highest-growth secular tech trends of the 2020s will be cloud computing. Hence, with the growing number of mobile workers in organizations and workplaces, there has been a subsequent rise in the data generated and managed. While free platforms like Dropbox and iCloud continue to excel as the most popular free file storage services, Amazon Web Services appear to be the clear winner according to cloud computing stats in 2020 1. It offers massive data about trending factors that will influence the progress of the Global Consumer Cloud Storage Services Market. This report segments the market by Solution (Cloud Storage Gateway, Primary Storage, Backup Storage, Data Archiving), Service (Managed Services, Professional Services), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), End-User, and Geography. This is expected to fuel the demand for cloud storage over the forecast period. The cloud enables the bank to synchronize the enterprise; to break down operational and data silos across risk, finance, regulatory, customer support, amongst others and more importantly, it allows such institutions to combine such massive data sets in one place, and can apply advanced analytics for integrated insights. Cloud storage is a service model that offers a platform to maintain, manage, and backup data remotely and at the same time, ensure data availability to users over a network (typically the Internet). All Rights Reserved. Google’s Cloud Platform is estimated by Gartner to command a public cloud market share of 4%, with annual revenues of $1.3 billion and growth of 60% in 2018. To understand geography trends, Download Sample Report. This has resulted in a massive surge in the generation of data which is propelling such institutions to have cloud storage in place. AWS has expanded well beyond cloud compute and storage. Gartner projects global public cloud revenue will grow 17% in 2020 to $266.4 billion. Software as a Service (SaaS) segment dominated the cloud computing market with a share of over 54% in 2019 owing to its flexible costs, easy maintenance, and deployment. Updates on mergers, acquisitions, and expansion plans of leading players. The global cloud storage services market size is expected to grow by USD 73.21 billion during 2020-2024, according to Technavio. The Global Cloud Storage Market is Segmented by Solution (Cloud Storage Gateway, Primary Storage, Backup Storage, Data Archiving), Service (Managed Services, Professional Services), Deployment (Private Cloud, Public Cloud, Hybrid Cloud), End-User, and Geography. AWS has 32% of the market and generated more revenue than the next three largest combined, Azure is at 19% of the market, Google Cloud at 7%, … This in itself is indicative of the fact that such an increase would require solutions like cloud storage to handle the surge thereby boosting the growth of the cloud storage over the forecast period. Leading players projects Global public cloud revenue will grow 17 % in 2020 to $ 266.4 billion revenue and. Evaluation period the key factors driving the Global Consumer cloud storage Services market storage options result rapid! 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