How big is the cloud storage market?
$46.12 billion
The cloud storage market size was valued at $46.12 billion in 2019, and is projected to reach $222.25 billion by 2027, growing at a CAGR of 21.9% from 2020 to 2027.
How big is the data storage industry?
An integral element of the information technology (IT) sector are data storage units, which are expected to bring in 42 billion U.S. dollars’ worth of revenue worldwide during 2021. In that same year, the volume of data storage units is anticipated to increase to 2.9 billion pieces.
Who is the biggest cloud storage company?
Amazon Web Services. The leader in IaaS and branching out.
How fast is data storage growing?
In line with the strong growth of the data volume, the installed base of storage capacity is forecast to increase, growing at a compound annual growth rate of 19.2 percent over the forecast period from 2020 to 2025.
Who are Dropbox competitors?
Competitors and Alternatives to Dropbox Business
- Google Drive.
- OneDrive for Business.
- Box.
- FileCloud.
- Citrix Content Collaboration.
- Egnyte Platform.
- Tresorit.
- AMPLIFY Content Services.
What is the storage capacity of a server?
Storage capacity refers to how much disk space one or more storage devices provides. It measures how much data a computer system may contain. For an example, a computer with a 500GB hard drive has a storage capacity of 500 gigabytes. A network server with four 1TB drives, has a storage capacity of 4 terabytes.
What is data storage market?
The Data Storage Market is expected to grow due to the high adoption of cloud storage technology and external data storage devices. Data storage describes the technical means by which digital data is collected and archived for use by a computer or other device.
What is the most popular cloud storage?
The best cloud storage providers available
- IDrive. The best cloud storage for premium users.
- Google Drive. The best cloud storage for Google-minded users.
- Nextcloud. The best cloud storage “provider” for DIY users.
- pCloud. The go-to provider for large files.
- 5. Box.
- Microsoft OneDrive.
- SpiderOak.
- iCloud.
What are the 3 types of cloud storage?
There are three types of cloud data storage: object storage, file storage, and block storage.
Is OneDrive a cloud storage?
OneDrive is Microsoft’s cloud storage solution that you can use for free or with a subscription to Microsoft 365. With OneDrive, you can backup, sync, or share your files stored on the cloud service through your associated Microsoft account.
How is the global cloud storage market growing?
The Global Cloud Storage Market is expected to grow at a CAGR of 24.74% over the forecast period (2021 – 2026). Increasing demand for low-cost data backup, storage, and protection across all enterprises, coupled with the necessity to handle data generated by augmented usage of mobile technologies, favors the rate of adoption of cloud storage.
How much does it cost to store data in the cloud?
Cloud storage is a virtual data storage mode. The data stored in the cloud can be accessed through the Internet through devices. On December 2017, Microsoft announced the general availability of Archive Blob Storage at $ 0.002 per gigabyte per month.
Who are the major companies in cloud storage?
Amazon Web Services, microsoft corporation, IBM corporation, Oracle Corporation, Hewlett Packard Enterprise Company are the major companies operating in Cloud Storage Market. 80% of our clients seek made-to-order reports.
What’s the share of hybrid cloud in the market?
Also, the hybrid cloud deployment is occupying a continuously increasing share in the cloud market. According to RightScale 2018 State of the Cloud Survey Report, 81% of enterprises have a multi-cloud strategy and 51% of the enterprises with a hybrid strategy.