Cloud Storage Market worth $46.8 Billion by 2018
According to a new market research report “
Cloud Storage Market (Incl. Cloud StorageGateways, Backup & Recovery, Data Movement & Access, Data Replication, Hsm & Archiving, Security And Storage Resource Management Solutions) - WorldwideForecasts & Analysis (2012 - 2018)
” published by MarketsandMarkets
(www.marketsandmarkets.com), the total Cloud Storage market is expected to reach $46.8billion by 2018 with a CAGR of 40.2%.
Browse 130+ market data tables/figures spread through 211 pages and in-depth
TOC on “Cloud Storage Market (Incl. Cloud Storage Gateways, Backup & Recovery,
Data Movement & Access, Data Replication, Hsm & Archiving, Security And StorageResource Management Solutions) - Worldwide Forecasts & Analysis (2012 -
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The emergence of the digital trend has accelerated the volume, speed and variety of unstructured data generated, commonly known as Big Data. But, with the amount of dataexpanding, organizations face the challenge of storing the data securely and at a lowinfrastructure cost. This will force enterprises to migrate limitless amount of data andsolutions to the virtual environment or cloud storage and without being required to spendtoo much on infrastructure. The cloud storage market will continue expanding in the comingyears and largely due to the growth of Big Data, and the adoption is not forecast to slowdown any time sooner and is expected to experience a steady growth rate.Most of the SMBs are rapidly adopting gateway tools to integrate cloud storage into theirexisting architecture. The ease of integration of cloud storage into the existing ITinfrastructure and security functionality provided by the gateways is what drives the SMBsas well as large enterprises to adopt cloud storageIn the growing Cloud storage market many startup companies are building crediblebusinesses. Companies are thriving through partnerships and collaborations. However, theraw number of partnerships is not what helps a company to excel in this market.Strategically valuable partnership or deep partnership with most important ecosystemmembers will act as a winning imperative for companies in the long run.Global Cloud market expected to grow from $5.6 billion in 2012 to $46.8 billion by 2013, atan estimated CAGR of 40.2% from 2013 to 2018. North America commanded the largestshare; i.e. 60% of the overall Cloud Storage market in 2012 at $3.4 billion; and is expectedto reach $21.8 billion by 2018, at a CAGR of 33.8% from 2013 to 2018.
This report analyzes the Global Cloud Storage market based on
Hardware, Software & Professional Services