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(Wireless-NewsWire.Com, March 27, 2018 ) The global cloud storage market was valued at USD 22.56 billion in 2016 and is projected to reach USD 191.17 billion by 2025, growing at a CAGR of 26.8% from 2017 to 2025.
Market Definition:
Cloud storage is a model of data storage in which the digital data is stored in logical pools, the physical storage spans multiple servers (and often locations), and the physical environment is typically owned and managed by a hosting company. These cloud storage providers are responsible for keeping the data available and accessible, and the physical environment protected and running. People and organizations buy or lease storage capacity from the providers to store user, organization, or application data.
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The major players in the market are as follows:
1. Dropbox, Inc.
2. IBM Corporation
3. VMware, Inc.
4. Google, Inc.
5. Oracle Corporation
6. Rackspace Hosting, Inc.
7. Amazon Web Services
8. Microsoft Corporation
9. Hewlett Packard Enterprise Company
10. EMC Corporation
11. Red Hat, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Market Dynamics:
1. Market Drivers
1.1 Increased enterprise-wide data storage
1.2 Lower costs and greater efficiency than On-Premises Backup
1.3 Demand for cloud-based services
2. Market Restraints
2.1 Compliance issues for certain Applications
Market Segmentation:
The global cloud storage market is segmented on the basis of component, deployment model, verticals, organization size, and region.
1. By Component:
1.1 Solution
1.1.1 Cloud storage gateway
1.1.2 Primary storage
1.1.3 Backup storage and disaster recovery
1.1.4 Data archiving
1.2 Services
1.2.1 Cloud integration and migration
1.2.2 Training and consulting
1.2.3 Support and maintenance
1.2.4 Managed services
2. By Deployment Model:
2.1 Private Cloud
2.2 Public Cloud
2.3 Hybrid Cloud
3. By Vertical:
3.1 Transportation and Logistics
3.2 BFSI
3.3 Education
3.4 Consumer Goods and Retail
3.5 Manufacturing
3.6 Healthcare and Life Sciences
3.7 Travel and Hospitality
3.8 Telecommunication and IT
3.9 Government and Public Sector
3.10 Others
4. By Organization Size:
4.1 Large Companies
4.2 Small and Mid-sized Businesses
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Rest of the World
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Key Market Insights
sambit kumar
8007533694
sambit.kumar@kminsights.com
Source: EmailWire.Com 
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