Latest Research Report on Cloud
Based Storage Market begins with a deep
introduction and then delves broad into specific segments such as raw material,
application, end user, and region, policy study, value chain structure, and
upcoming trends in particular segments or regions. The report on Cloud Based
Storage prepare a case for investments in different regions based on a
practical view of their regulatory outline, manufacturing dynamics, and
availability of skills and resources in that region.
Cloud Based Storage Market
Report by Material, Application, and Geography – Global Forecast to 2024 is a
professional and in-depth research report on the world’s major regional Cloud
Based Storage Market conditions, focusing on the main regions (North America,
Europe and Asia-Pacific) and the main countries (United States, Germany, united
Kingdom, Japan, South Korea and China).
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The global cloud based
storage market is anticipated to witness growth owing to rising adoption of
online depositories by prominent companies to manage and store data efficiently
at reduced costs. It is a prototype of data storage in which digital
information is warehoused in rational pools. People and establishments purchase
or lease memory warehouses in terms of volume from the providers to store
application, user or organization data.
Memory warehouse
maintenance tasks, such as purchasing additional memory capacity, are offloaded
to service providers they provide users with instant access to a broad range of
resources and applications held in the infrastructure of organizations through
web service interface which makes them a desirable choice. Moreover, they also
allow users to upload or retrieve their desired information from anywhere in
the world at any time.
Rapid adoption of online
depository gateways and rising need to store unstructured information at
minimum cost along with advanced solutions are the major market drivers of the
industry. It serves various verticals such as manufacturing, logistics &
transportation, telecommunication & IT, retail & consumer goods, media
& entertainment, Banking Financial services and Insurance (BFSI),
government, healthcare & life science, energy & utilities, and research
& education which serve as an indicator of the promising growth prospects
for the industry over the next seven years.
It reduces the risk of
unauthorized physical access to information which has lately increased its
usage among SMBs, large enterprises and government bodies. The market can be
segmented on the basis of solutions, applications and deployment models.
Solutions are further segregated into primary, online gateway solution, backup
solution and data movement and access storage solution. Cloud-based storage has
applications in several domains including SharePoint, exchange, and
manufacturing.
The private online
warehouse facility provides a dedicated space to organizations, affirming
security and control. Under the public online depository model, clients share
the identical arrangement with restricted configuration, protection, safety,
and availability variations. Online memory warehouse providers deliver
economies of scale by using the same depository capacity to meet the needs of
many organizations, passing the cost savings to their customer base, hence
making it a revolution in making.
Hybrid online depository
has gained prominence in recent years due to their features such as cost
effective as well as security, which help enterprises to use it as per their
need. SMEs benefit to a huge extent as it significantly diminishes information
depository costs, increases efficiency, and safeguards easy access to
information from anywhere and at any time.
Online depository of memory
can be used for replicating virtual machine pictures from online depository to
on-premises locations. In addition; it can be used to move virtual machine
images between data centers or between user accounts. As a result of this, with
rising digitization, it is expected to grow at a considerable rate over the
forecast period.
The major challenge is the
disclosure of personal information by certain erroneous means, faulty
equipment, a bug, criminal intent or when information warehouse/network is
shared with many other users/customers. It poses a threat to the privacy of an
individual or a firm. However, creating proper service level agreements (SLAs)
has helped in providing high end memory security.
The transmission of
information from on premise boards to an online memory boards is expected to
boost industry growth over the forecast period. New technological advancements
such as virtual gateway applications designed for enterprises by major market
players including Amazon and Microsoft and modern storage arrays along with
gateway support features are expected to open new growth opportunities for the
business.
The major market players
are VMware, Box, Google, IBM, HP, Microsoft, Web Services, Fujitsu, RackSpace,
and AT&T. The business online storage vendors include Amazon, JustCloud,
OpenDrive, Egnyte, MozyPro, CrashPlan and Dropbox. Amazon offers workplaces a
cloud based desktop that helps in network optimization with the help of Amazon
Web Services.
Oracle has introduced three
online storage services platform as a service, infrastructure as a service and
software as a service. These services are expected to solve real business
problems as well as accessible at any time, from anywhere with the help of a
browser. Other new analytical services include Oracle SQL, Oracle big data
cloud and Oracle Data Visualization Cloud Service.
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