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Cloud-based Storage - Global Market Trajectory & Analytics

  • ID: 2769228
  • Report
  • July 2020
  • Region: Global
  • 227 Pages
  • Global Industry Analysts, Inc
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Global Cloud-based Storage Market to Reach US$143.2 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Cloud-based Storage estimated at US$41.8 Billion in the year 2020, is projected to reach a revised size of US$143.2 Billion by 2027, growing at a CAGR of 19.2% over the period 2020-2027.Basic Services, one of the segments analyzed in the report, is projected to grow at a 21.7% CAGR to reach US$106.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Advanced Services segment is readjusted to a revised 13.8% CAGR for the next 7-year period. This segment currently accounts for a 35.4% share of the global Cloud-based Storage market.

The U. S. Accounts for Over 26.9% of Global Market Size in 2020, While China is Forecast to Grow at a 24.6% CAGR for the Period of 2020-2027

The Cloud-based Storage market in the U. S. is estimated at US$11.3 Billion in the year 2020. The country currently accounts for a 26.92% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$34.3 Billion in the year 2027 trailing a CAGR of 24.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.7% and 17.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 16.5% CAGR while Rest of European market (as defined in the study) will reach US$34.3 Billion by the year 2027.The publisher brings years of research experience to this 15th edition of our report. The 227-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others
  • ADrive LLC
  • Amazon Web Services, Inc.
  • Apple Inc.
  • Arcserve
  • AT&T, Inc.
  • Axcient, Inc.
  • Barracuda Networks, Inc.
  • Box Inc.
  • Carbonite, Inc.
  • Dell EMC
  • DigitalOcean, LLC
  • Dropbox, Inc.
  • EGNYTE, Inc.
  • Google, Inc.
  • Hitachi Vantara Corporation
  • IBM Corp.
  • Microsoft Corp.
  • Nasuni Corporation
  • Oracle Corporation
  • OVH Group
  • pCloud AG
  • SugarSync, Inc.
  • Vembu Technologies Pvt. Ltd.
  • Virtustream

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Cloud Storage: The Backbone of Business Agility, Continuity & Disaster Recovery in the Digital Era

Recent Market Activity

With Mobility at the Core of Both, BYOD & Cloud Storage Go Hand in Hand

“Bring Your Own Cloud” Marks the Acceptance of Personal Storage Clouds in the Enterprise Sector

Enterprises Go the Hybrid Cloud Storage Way

Comprehensive SLAs Infuse Confidence in Public Cloud Storage Services

Consumer Cloud Storage to Play a Pivotal Role in Handling the Onslaught of Data Generated by Consumer IoT (CIoT)

Cloud Storage Morphs Into Cloud DVR in the Consumer Entertainment Space

MNOs Leverage Cloud Storage to Supplement Falling ARPUs & in the Process Help Familiarize the Technology in the Consumer Market

Market Outlook

Cloud-based Storage Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

Global Competitor Market Shares

Cloud-based Storage Competitor Market Share Scenario Worldwide (in %): 2020 & 2025

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

ADrive LLC (USA)

Amazon Web Services, Inc. (USA)

Apple, Inc. (USA)

Arcserve (USA)

AT&T Inc (USA)

Axcient, Inc. (USA)

Barracuda Networks, Inc. (USA)

Box Inc. (USA)

Carbonite, Inc. (USA)

Dell EMC (USA)

DigitalOcean, LLC (USA)

Dropbox, Inc. (USA)

EGNYTE, INC. (USA)

Google, Inc. (USA)

Hitachi Vantara Corporation (USA)

Internap Network Services Corporation (USA)

International Business Machines Corporation (USA)

Microsoft Corporation (USA)

Nasuni Corporation (USA)

Oracle Corporation (USA)

OVH Group (France)

pCloud AG (Switzerland)

Rackspace Hosting, Inc. (USA)

SugarSync, Inc. (USA)

Vembu Technologies Pvt. Ltd. (India)

Virtustream (USA)

3. MARKET TRENDS & DRIVERS

Factors Why Cloud Storage is a Big Part of the Modern Enterprise

Focus on Green IT Drives Interest in Green Cloud Storage

Forecasted Growth in Data Creation & a Parallel Increase in Storage IT Spending to Spur Adoption of Cloud Storage Services

Big Data Amplifies Opportunities for Growth of Enterprise Grade Cloud Data Storage

Effective Disaster Recovery Capabilities Bring in New Opportunities for Growth of Cloud Storage

SMBs: A Major Customer Cluster for Storage-as-a-Service

Growing Awareness Over the Importance of SaaS Data Backup to Spur Demand for Cloud Storage Services

Government Regulations & Mandatory Policies Drive Growth of Cloud Storage Archiving

Rise of Cloud Insurance Mitigates the Risks of Cloud Storage

Consumer Cloud Storage Emerges Into the Standard Data Storage Technology for the Rapidly Digitalizing Smartphone Friendly Internet Population

Phasing Out of SD Card Support in Smartphones to Fuel Demand for Consumer Cloud Storage

Challenges & Threats to Cloud Based Storage Model

Perceived Loss of Control

Data Privacy & Security Concerns

Issues with Service Availability-Reliability & Cloud Assurance

Service Consistency Issues

Data Access & Interoperability Issues

Legal Jurisdiction Issues

BYOD Trend Exposes the Vulnerabilities of Cloud Based Storage Services Model

Man-in-the-Middle Attacks

Distributed-Denial-of-Service-Attacks (DDOS)

Faults in the System as Well as Apps Supporting the Cloud Based Storage System

Internet Connectivity Limitations

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Cloud-based Storage Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Cloud-based Storage Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Cloud-based Storage Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Basic Services (Service Type) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Basic Services (Service Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Basic Services (Service Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Advanced Services (Service Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: Advanced Services (Service Type) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: Advanced Services (Service Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Cloud-based Storage Market Share (in %) by Company: 2020 & 2025

Market Analytics
TABLE 10: United States Cloud-based Storage Market Estimates and Projections in US$ Million by Service Type: 2020 to 2027
TABLE 11: Cloud-based Storage Market in the United States by Service Type: A Historic Review in US$ Million for 2012-2019
TABLE 12: United States Cloud-based Storage Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027

CANADA

TABLE 13: Canadian Cloud-based Storage Market Estimates and Forecasts in US$ Million by Service Type: 2020 to 2027
TABLE 14: Canadian Cloud-based Storage Historic Market Review by Service Type in US$ Million: 2012-2019
TABLE 15: Cloud-based Storage Market in Canada: Percentage Share Breakdown of Sales by Service Type for 2012, 2020, and 2027

JAPAN

TABLE 16: Japanese Market for Cloud-based Storage: Annual Sales Estimates and Projections in US$ Million by Service Type for the Period 2020-2027
TABLE 17: Cloud-based Storage Market in Japan: Historic Sales Analysis in US$ Million by Service Type for the Period 2012-2019
TABLE 18: Japanese Cloud-based Storage Market Share Analysis by Service Type: 2012 VS 2020 VS 2027

CHINA

TABLE 19: Chinese Cloud-based Storage Market Growth Prospects in US$ Million by Service Type for the Period 2020-2027
TABLE 20: Cloud-based Storage Historic Market Analysis in China in US$ Million by Service Type: 2012-2019
TABLE 21: Chinese Cloud-based Storage Market by Service Type: Percentage Breakdown of Sales for 2012, 2020, and 2027

EUROPE

Market Facts & Figures

European Cloud-based Storage Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics
TABLE 22: European Cloud-based Storage Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 23: Cloud-based Storage Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 24: European Cloud-based Storage Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 25: European Cloud-based Storage Market Estimates and Forecasts in US$ Million by Service Type: 2020-2027
TABLE 26: Cloud-based Storage Market in Europe in US$ Million by Service Type: A Historic Review for the Period 2012-2019
TABLE 27: European Cloud-based Storage Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027

FRANCE

TABLE 28: Cloud-based Storage Market in France by Service Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 29: French Cloud-based Storage Historic Market Scenario in US$ Million by Service Type: 2012-2019
TABLE 30: French Cloud-based Storage Market Share Analysis by Service Type: 2012 VS 2020 VS 2027

GERMANY

TABLE 31: Cloud-based Storage Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Service Type for the Period 2020-2027
TABLE 32: German Cloud-based Storage Historic Market Analysis in US$ Million by Service Type: 2012-2019
TABLE 33: German Cloud-based Storage Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027

ITALY

TABLE 34: Italian Cloud-based Storage Market Growth Prospects in US$ Million by Service Type for the Period 2020-2027
TABLE 35: Cloud-based Storage Historic Market Analysis in Italy in US$ Million by Service Type: 2012-2019
TABLE 36: Italian Cloud-based Storage Market by Service Type: Percentage Breakdown of Sales for 2012, 2020, and 2027

UNITED KINGDOM

TABLE 37: United Kingdom Market for Cloud-based Storage: Annual Sales Estimates and Projections in US$ Million by Service Type for the Period 2020-2027
TABLE 38: Cloud-based Storage Market in the United Kingdom: Historic Sales Analysis in US$ Million by Service Type for the Period 2012-2019
TABLE 39: United Kingdom Cloud-based Storage Market Share Analysis by Service Type: 2012 VS 2020 VS 2027

SPAIN

TABLE 40: Spanish Cloud-based Storage Market Estimates and Forecasts in US$ Million by Service Type: 2020 to 2027
TABLE 41: Spanish Cloud-based Storage Historic Market Review by Service Type in US$ Million: 2012-2019
TABLE 42: Cloud-based Storage Market in Spain: Percentage Share Breakdown of Sales by Service Type for 2012, 2020, and 2027

RUSSIA

TABLE 43: Russian Cloud-based Storage Market Estimates and Projections in US$ Million by Service Type: 2020 to 2027
TABLE 44: Cloud-based Storage Market in Russia by Service Type: A Historic Review in US$ Million for 2012-2019
TABLE 45: Russian Cloud-based Storage Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 46: Rest of Europe Cloud-based Storage Market Estimates and Forecasts in US$ Million by Service Type: 2020-2027
TABLE 47: Cloud-based Storage Market in Rest of Europe in US$ Million by Service Type: A Historic Review for the Period 2012-2019
TABLE 48: Rest of Europe Cloud-based Storage Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027

ASIA-PACIFIC

TABLE 49: Asia-Pacific Cloud-based Storage Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 50: Cloud-based Storage Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
TABLE 51: Asia-Pacific Cloud-based Storage Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 52: Cloud-based Storage Market in Asia-Pacific by Service Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 53: Asia-Pacific Cloud-based Storage Historic Market Scenario in US$ Million by Service Type: 2012-2019
TABLE 54: Asia-Pacific Cloud-based Storage Market Share Analysis by Service Type: 2012 VS 2020 VS 2027

AUSTRALIA

TABLE 55: Cloud-based Storage Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Service Type for the Period 2020-2027
TABLE 56: Australian Cloud-based Storage Historic Market Analysis in US$ Million by Service Type: 2012-2019
TABLE 57: Australian Cloud-based Storage Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027

INDIA

TABLE 58: Indian Cloud-based Storage Market Estimates and Forecasts in US$ Million by Service Type: 2020 to 2027
TABLE 59: Indian Cloud-based Storage Historic Market Review by Service Type in US$ Million: 2012-2019
TABLE 60: Cloud-based Storage Market in India: Percentage Share Breakdown of Sales by Service Type for 2012, 2020, and 2027

SOUTH KOREA

TABLE 61: Cloud-based Storage Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Service Type for the Period 2020-2027
TABLE 62: South Korean Cloud-based Storage Historic Market Analysis in US$ Million by Service Type: 2012-2019
TABLE 63: Cloud-based Storage Market Share Distribution in South Korea by Service Type: 2012 VS 2020 VS 2027

REST OF ASIA-PACIFIC

TABLE 64: Rest of Asia-Pacific Market for Cloud-based Storage: Annual Sales Estimates and Projections in US$ Million by Service Type for the Period 2020-2027
TABLE 65: Cloud-based Storage Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Service Type for the Period 2012-2019
TABLE 66: Rest of Asia-Pacific Cloud-based Storage Market Share Analysis by Service Type: 2012 VS 2020 VS 2027

LATIN AMERICA

TABLE 67: Latin American Cloud-based Storage Market Trends by Region/Country in US$ Million: 2020-2027
TABLE 68: Cloud-based Storage Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 69: Latin American Cloud-based Storage Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 70: Latin American Cloud-based Storage Market Growth Prospects in US$ Million by Service Type for the Period 2020-2027
TABLE 71: Cloud-based Storage Historic Market Analysis in Latin America in US$ Million by Service Type: 2012-2019
TABLE 72: Latin American Cloud-based Storage Market by Service Type: Percentage Breakdown of Sales for 2012, 2020, and 2027

ARGENTINA

TABLE 73: Argentinean Cloud-based Storage Market Estimates and Forecasts in US$ Million by Service Type: 2020-2027
TABLE 74: Cloud-based Storage Market in Argentina in US$ Million by Service Type: A Historic Review for the Period 2012-2019
TABLE 75: Argentinean Cloud-based Storage Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027

BRAZIL

TABLE 76: Cloud-based Storage Market in Brazil by Service Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 77: Brazilian Cloud-based Storage Historic Market Scenario in US$ Million by Service Type: 2012-2019
TABLE 78: Brazilian Cloud-based Storage Market Share Analysis by Service Type: 2012 VS 2020 VS 2027

MEXICO

TABLE 79: Cloud-based Storage Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Service Type for the Period 2020-2027
TABLE 80: Mexican Cloud-based Storage Historic Market Analysis in US$ Million by Service Type: 2012-2019
TABLE 81: Mexican Cloud-based Storage Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027

REST OF LATIN AMERICA

TABLE 82: Rest of Latin America Cloud-based Storage Market Estimates and Projections in US$ Million by Service Type: 2020 to 2027
TABLE 83: Cloud-based Storage Market in Rest of Latin America by Service Type: A Historic Review in US$ Million for 2012-2019
TABLE 84: Rest of Latin America Cloud-based Storage Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027

MIDDLE EAST

TABLE 85: The Middle East Cloud-based Storage Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 86: Cloud-based Storage Market in the Middle East by Region/Country in US$ Million: 2012-2019
TABLE 87: The Middle East Cloud-based Storage Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 88: The Middle East Cloud-based Storage Market Estimates and Forecasts in US$ Million by Service Type: 2020 to 2027
TABLE 89: The Middle East Cloud-based Storage Historic Market by Service Type in US$ Million: 2012-2019
TABLE 90: Cloud-based Storage Market in the Middle East: Percentage Share Breakdown of Sales by Service Type for 2012,2020, and 2027

IRAN

TABLE 91: Iranian Market for Cloud-based Storage: Annual Sales Estimates and Projections in US$ Million by Service Type for the Period 2020-2027
TABLE 92: Cloud-based Storage Market in Iran: Historic Sales Analysis in US$ Million by Service Type for the Period 2012-2019
TABLE 93: Iranian Cloud-based Storage Market Share Analysis by Service Type: 2012 VS 2020 VS 2027

ISRAEL

TABLE 94: Israeli Cloud-based Storage Market Estimates and Forecasts in US$ Million by Service Type: 2020-2027
TABLE 95: Cloud-based Storage Market in Israel in US$ Million by Service Type: A Historic Review for the Period 2012-2019
TABLE 96: Israeli Cloud-based Storage Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027

SAUDI ARABIA

TABLE 97: Saudi Arabian Cloud-based Storage Market Growth Prospects in US$ Million by Service Type for the Period 2020-2027
TABLE 98: Cloud-based Storage Historic Market Analysis in Saudi Arabia in US$ Million by Service Type: 2012-2019
TABLE 99: Saudi Arabian Cloud-based Storage Market by Service Type: Percentage Breakdown of Sales for 2012, 2020, and 2027

UNITED ARAB EMIRATES

TABLE 100: Cloud-based Storage Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Service Type for the Period 2020-2027
TABLE 101: United Arab Emirates Cloud-based Storage Historic Market Analysis in US$ Million by Service Type: 2012-2019
TABLE 102: Cloud-based Storage Market Share Distribution in United Arab Emirates by Service Type: 2012 VS 2020 VS 2027

REST OF MIDDLE EAST

TABLE 103: Cloud-based Storage Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million by Service Type for the Period 2020-2027
TABLE 104: Rest of Middle East Cloud-based Storage Historic Market Analysis in US$ Million by Service Type: 2012-2019
TABLE 105: Rest of Middle East Cloud-based Storage Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027

AFRICA

TABLE 106: African Cloud-based Storage Market Estimates and Projections in US$ Million by Service Type: 2020 to 2027
TABLE 107: Cloud-based Storage Market in Africa by Service Type: A Historic Review in US$ Million for 2012-2019
TABLE 108: African Cloud-based Storage Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 89

Note: Product cover images may vary from those shown
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