Cloud Storage Market Pit Falls, Present Scenario and Growth Prospects from 2017 to 2024: Global Market Insights, Inc.
Global Cloud Storage Market growth is presented in this latest research report that reviews industry growth drivers, trends, regional factors & companies as well as provides forecasts for next few years. Cloud Storage Market size is anticipated to grow at an astounding rate due to the increasing use of hybrid cloud storage. It is a storage technology, which uses a mix of on-premise and public cloud services. Factors, such as high operational efficiency, acceptance of standard interface, improved data protection, and security, are the major hybrid cloud storage market drivers. This technology has been increasingly adopted by major organizations in the U.S. and the UK. The increasing demand for big data storage also boosts the cloud storage market growth. Companies need to store huge data and cloud-based services provide a reliable platform for the storage of data. The penetration of mobile and wireless networks further drives the need for enterprise mobility. Employees are adopting flexible work environment by working from home and working while traveling, accelerating the cloud storage market as it connects the out-of-office workers to the enterprise environment.
Due to the ease of deployment of cloud storage solutions, various small and medium enterprises are adopting the cloud storage medium. It saves machine installation costs, reduces energy consumption, stores and manages a huge amount of data, allows easy accessibility, and is readily accepted in the industry, accelerating the cloud storage market demand. The increasing cloud storage adoption system has resulted in a higher demand for gateways. Gateways are joined on the customer premise, linking the remote cloud to local applications. This results in a lesser storage space, reduces operational costs, and results in the rapid growth of the cloud storage market. The cloud storage market has gained a huge popularity owing to various profits, such as information security, during natural disasters such as floods and earthquakes. They have a sound backup facility, which provides immediate access to a wide range of applications, driving the cloud storage market. Data security is a major threat faced by the cloud storage market. Hackers and malicious attackers have seen a rapid growth and hence service providers need to 1|Page