Global Cloud Storage Market Analysis (2017-2023


The Global Cloud Storage Market size is expected to reach $100.8 billion by 2023, rising at a market growth of 22% CAGR during the forecast period. 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). The cloud data storage services are paid on a per-consumption, and monthly rate. Though the per-gigabyte cost is cheaper, the cloud storage providers have nevertheless, added operating expenses, making the technology relatively expensive. Rapid adoption of hybrid cloud storage, growing need for enterprise mobility for improved efficiency, significant growth in Internet of Things (IoT), and need for lower Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) are the factors that drive the growth of the market during the forecast period.

Read »
Created by aadolfst01 3 years 22 weeks ago – Made popular 3 years 22 weeks ago
Category: Technology   Tags: